JPMorgan Chase, one of the largest and most influential banks in the United States, announced several executive role changes on Thursday. These moves involve some of the top contenders for the position of CEO, currently held by Jamie Dimon. The reshuffling aims to provide these executives with new and expanded roles within the organization, preparing
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IBM shares experienced a surge of as much as 8% in extended trading after the company released its fourth-quarter results, surpassing Wall Street’s expectations. The tech and services provider reported adjusted earnings per share of $3.87, compared to the estimated $3.78, and revenue of $17.38 billion, exceeding the projected $17.30 billion. IBM’s revenue witnessed a
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The Securities and Exchange Commission (SEC) under the leadership of Chair Gary Gensler is set to vote on new rules aimed at curbing Special Purpose Acquisition Companies (SPACs). SPACs, also known as “blank check companies,” are entities formed to raise capital through an initial public offering (IPO) with the intention of acquiring or merging with
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