JPMorgan Chase & Co. is dismissing hundreds of workers in its asset and wealth-management division after a periodic review of staffing, according to a person briefed on the matter.Read More...

Oil prices fell on Thursday, extending losses into a second straight session, after widely watched data showed a surprising increase in U.S. stocks. Read More...

AT&T CEO Randall Stephenson knows his company can’t use Huawei’s gear for high-speed networks, because the U.S. government won’t allow it.But in Europe, the Chinese networking company has dominant market share, which is a problem as the world gears up for the move from 4G to 5G, Stephenson said on Tuesday at the Fintech Ideas Festival in San Francisco. Read More...

government debt yields added to a steep March decline on Wednesday as the yield on the benchmark 10-year Treasury note returned to its lowest level since 2017.READ MORE...

Oil prices slipped Wednesday morning, interrupting a recent rally with news of sharply increased U.S. crude stockpiles released by the American Petroleum Institute Tuesday night. Read More...

Boeing (BA +1.4%) pops higher after unveiling its software fix, cockpit alerts and additional pilot training for its 737 MAX planes, saying the changes will boost the safety of the aircraft which has been involved in two deadly crashes since October. Read More...

Investors are barreling toward the bond market as inflows look to break a new monthly record. Inflows to U.S. high-grade funds and exchange-traded funds have averaged $846 million per day in March, ahead of the $800 million average during the record month last year, according to research from Bank of America Merrill Lynch.READ MORE...

The Federal Aviation Administration is overseeing the program. Replacing standard delivery cars with drones will be a unique as UPS can use Matternet’s M2 quadcopter drone that can carry medical samples of up to 5 pounds as far as 12.5 miles. UPS further revealed that the program will begin with numerous planned daily revenue flights at the WakeMed Raleigh campus.Using a UPS secure drone container, WakeMed employees can now load medical specimens like blood samples and send them to a nearby WakeMed facility much faster than they did with delivery vehicles. Matternet, who already enjoys an established reputation, has completed more than 3,000 flights for healthcare systems in Switzerland.

The financial services unit of the American multinational conglomerate General Electric, GE Capital, has finally agreed to pay $49 million to a pair of Florida hedge funds to settle claims it was complicit in a convicted fraudster, Thomas Petters’ $3.65 billion Ponzi scheme. A bankruptcy trustee working for those two Florida hedge funds lost $650 million when the Ponzi scheme was running full force in 2008.The trustee accused GE of co-conspiring, on grounds that the company remained silent in 2000 when its employees found out that Petters was operating the scheme. The accusation is further aggravated by the fact the GE Capital was a lender to businesses controlled by Petters starting in 1998.

However, full-service carrier Hong Kong Airlines is not part of the deal. The acquisition came after Cathay’s prolonged desire to gain foothold in the budget travel market.For this, Cathay intends to continue operating HK Express as a standalone carrier using a low-cost business model.

British Prime Minister Theresa May has announced she will step down as the leader of the United Kingdom if her Brexit deal finally secures a majority in parliament, allowing a successor to take the lead on future negotiations with the European Union.READ MORE...

In 2018, U.S. companies brought home $664.9 billion of their overseas profits, marking a sharp increase from 2017’s $155.1 billion.President Donald Trump’s one-time tax cut – from 35% to 15.5% - on repatriated offshore cash seems to have pushed corporations towards the dramatic increase in the amount of profits they brought back to the U.S.  Still, the amount repatriated was shy of Trump’s expectations of $4 trillion. Share buybacks, which hit a record $1.1 trillion last year, accounted for the majority of spending out of the cash brought back, as suggested by a Federal Reserve study last year.

No official statement has been made by Google yet, regarding the report. KeyBanc's analyst Andy Hargreaves indicated that if Google becomes more restrictive of third-party tracking in Chrome browser, Criteo could be hit by a “massive disruption”.Hargreaves lowered his rating on the stock to sector weight from overweight. SunTrust's Matthew Thornton suggested that Chrome probably contributes half of Criteo's revenue.

Google is launching a global advisory council to consider ethical issues around artificial intelligence and other emerging technologies. The council, which is expected to publish a report at the end of this year, includes technology experts, digital ethicists, and people with public policy backgrounds. The group is expected to provide recommendations for Google, and other companies and researchers, working in areas such as facial recognition software. "We want to have the most informed and thoughtful conversations we can," Walker said on stage at the MIT Technology Review event in San Francisco."

Shipments of American goods to China fell to the lowest level in more than eight years as the two countries still find themselves locked in a trade war. The Commerce Department said the gap between the goods and services that the United States sells and what it buys from other countries dropped by 14.6%  to $51.1 billion in January from $59.9 billion in December.U.S. goods exports to China dropped 22.3% to $7.1 billion, lowest since September 2010; Chinese imports dropped 9.6% to $41.6 billion.

U.S.health insurer Centene Corp confirmed on Wednesday that it would buy WellCare Health Plans Inc in a cash-and-stock deal to bulk up its government-backed healthcare business, valuing its smaller rival at $15.27 billion. Read more...

The home goods retailer's revenue, however, failed to match up to expectations. The company’s SEC filing revealed that it raked in quarterly adjusted earnings of 96 cents a share, which surpassed analysts’ estimates of 76 cents.But revenue of $433 million fell short of analysts' expectations of $438 million. For its fiscal first quarter 2020, the company predicts that its same-store sales would decline in the range of -1% and -5%.

Oracle (NYSE: ORCL) will permanently layoff 352 employees, according to California regulatory letters spotted by CRN. Read More...

The complex web of U.S. pipelines, tanks and export terminals that’s helped make America the world’s top oil producer is causing a headache for some crude buyers. Read More...

JC Penney on Tuesday named Bill Wafford as the company’s new executive vice president and chief financial officer, starting April 8. Read More...