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Exxon Shareholders Approve Moving Legal Home to Texas
The Wall Street Journal85d agoneutral
Exxon Shareholders Approve Moving Legal Home to Texas

Exxon Mobil won shareholder approval Wednesday to move its legal home to Texas after CEO Darren Woods pitched the state as one with lawmakers, judges and juries that better understand the oil business. “The board believes that kind of familiarity will lead to more reasonable, productive decisions from Texas officials and citizens, which is critical for the long-term success of the company,” Woods told investors. At Exxon’s annual meeting, shareholders voted 71.3% in favor of the resolution to reincorporate in Texas.

Boeing Says It’s Ready to Increase MAX Production Again
The Wall Street Journal85d agoneutral
Boeing Says It’s Ready to Increase MAX Production Again

Boeing's CEO said the company is ready to expand production of its 737 MAX models to 47 jets a month, a hopeful sign for its effort to move past quality-control problems. CEO Kelly Ortberg said Boeing recently passed a "capstone review" of its MAX production, clearing the way for its next increase in output. The Federal Aviation Administration capped Boeing's monthly manufacturing rate in 2024 after the midair blowout of a 737 MAX door panel, and regulators last year removed some production restrictions, but the company has ramped up output gradually to avoid snags.

Does JPMorgan Chase pay dividends? Yield & payout explained
TheStreet85d agoneutral
Does JPMorgan Chase pay dividends? Yield & payout explained

You’d expect a bank to have a strong balance sheet and offer its investors a reliable dividend payout. But you might not expect to find that its shares have more than doubled over the past 5 years, and that its dividend yield is significantly above the S&P average. Enter JPMorgan Chase (JPM). ...

Lululemon Board Shake-Up; Bath and Body Works Overhaul | Stock Movers
Bloomberg85d agoneutralVIDEO
Lululemon Board Shake-Up; Bath and Body Works Overhaul | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Dick's Sporting Goods (DKS) shares are lower after it forecast earnings per share for the full year of $13.27 to $14.27. - Lululemon (LULU) is up as it agreed to resolve a long-simmering dispute with founder Chip Wilson by overhauling its board with three new directors. The company will name two of Wilson's nominees to the board in Laura Gentile, a former ESPN executive, and Marc Maurer, the previous co-chief executive officer of sneaker maker On. A third new director will be announced by October 1. - Bath and Body Works (BBWI) shares are higher after it reported lower first quarter sales and says it's overhauling its strategy to return to growth. Sales were still better than expected.

Investors Say Time Is Now for Pemex to Tap Global Debt Markets
Bloomberg85d agoneutral
Investors Say Time Is Now for Pemex to Tap Global Debt Markets

(Bloomberg) -- Lea la nota en españolMost Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From KyivTwo More Oil Supertankers Exit Hormuz to Help Push Up FlowsInvestors say the time is right for state-owned Petroleos Mexicanos SA to sell global bonds for the first time in more than three years

Jamie Dimon: Expect the Unexpected on Succession
The Wall Street Journal85d agoneutral
Jamie Dimon: Expect the Unexpected on Succession

"There are people you don't know or you may have met a little bit who are potential successors down the road from here," Jamie Dimon, JPMorgan Chase CEO, told investors Wednesday. Dimon has long been coy about who will replace him or when he would leave, though he said in 2024 that he would leave in less than five years.

Bulls vs. Bears on Micron’s Run to $1 Trillion
The Wall Street Journal85d agoneutral
Bulls vs. Bears on Micron’s Run to $1 Trillion

Markets are buzzing about Micron's run-up to a $1 trillion market cap. Here are two takes on the chipmaker's sudden rise: Bull Case 🐂 David Miller, chief investment officer at Catalyst Funds: "We've seen a large tear in Micron, but the stock is still likely trading at under 10 times forward earnings.

Jamie Dimon Says JPMorgan Could Spend $20 Billion on Deals
The Wall Street Journal85d agoneutral
Jamie Dimon Says JPMorgan Could Spend $20 Billion on Deals

Jamie Dimon said JPMorgan Chase could consider an acquisition worth up to $20 billion in the next few years now that it has greater flexibility from regulators to spend capital. Dimon said at an investor conference Wednesday that the bank is first focused on growing its businesses organically, and would only consider a deal that is the right fit. Executives at JPMorgan have been suggesting an openness to big acquisitions in recent months, always with plenty of caveats that the firm is focused elsewhere and might not do anything.

Abercrombie & Fitch Q1 Earnings Call Highlights
MarketBeat86d agoneutral
Abercrombie & Fitch Q1 Earnings Call Highlights

Abercrombie & Fitch (NYSE:ANF) reported record first-quarter fiscal 2026 net sales and maintained its full-year outlook, even as geopolitical pressure in the Middle East and parts of Europe weighed on results in the EMEA region. Chief Executive Officer Fran Horowitz said the company delivered i