J.P. Morgan Bets Big on Advisory for Its Top Clients
J.P. Morgan is creating a new advisory unit focused on its most important clients. The bank aims to provide deep expertise on trends like AI and geopolitics beyond just dealmaking.
Category: Business
Samsung’s Galaxy S26 is getting more expensive, but not everywhere
Samsung is reportedly set to increase prices for its upcoming Galaxy S26 series in its home market of South Korea. The move breaks a three-year price freeze and creates a strange scenario where the phones could be cheaper in the US.
Ex-Gojek CEO Faces 20 Years in Google Chromebook Scandal
Indonesia has charged ex-education minister and Gojek co-founder Nadiem Makarim with corruption. Prosecutors allege a Chromebook procurement scheme caused $125 million in state losses and improperly enriched him by $48 million. He faces up to 20 years in prison.
Guardiola’s Injury Crisis Puts City’s Title Defense in Jeopardy
Manchester City’s title defense hit another snag with a 1-1 draw against Chelsea, compounded by injuries to key defenders. Manager Pep Guardiola says he may have to fill the bench with more academy players as the squad depth evaporates.
Your AI Shopper Could Cause a Digital Stampede
Letting AI handle your shopping sounds convenient, but experts warn of serious pitfalls. The lack of transparency and potential for mass coordination failures could lead to chaos.
Saks Global CEO Bails As Bankruptcy Looms
Saks Global is on the verge of bankruptcy, missing a $100 million debt payment. CEO Marc Metrick has resigned, replaced by executive chairman Richard Baker, who has a history of retail failures. The company’s troubles are mounting with unpaid vendors and an executive exodus.
Trump Orders Chinese-Owned Firm to Unwind $2.9M Chip Deal
President Trump has ordered HieFo Corporation, a firm owned by a Chinese national, to divest its acquisition of chip assets from U.S. defense contractor Emcore. The White House cited national security concerns over the deal, which was not filed with the CFIUS review committee. HieFo must now unwind
Banks Are Making More Money on Green Bonds Than Fossil Fuels
For the fourth year running, major banks generated more revenue from financing green projects than from fossil fuel deals. The data shows a stark reversal from just five years ago, driven by surging demand for energy transition capital.
Why Loop Capital is betting on these two lagging chip stocks for 2026
After a 2025 rally focused on AI data center chips, Loop Capital analyst Gary Mobley is spotlighting two laggards for a comeback. He sees Synopsys jumping 28% and ON Semiconductor surging 38.5% this year as growth broadens.
The $1 Trillion Trade Surplus That’s Really Economic Warfare
According to a Wall Street Journal opinion piece, China’s projected $1 trillion trade surplus for 2025 is a form of “economic conquest.” The author claims China’s power stems from a deliberate strategy of building 90% excess production capacity to dominate key global industries, using tools like sub