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BlackRock is betting on America’s future with $100M investment to train trades workers for AI boom: ‘We just need a lot more of them’
BlackRock is best known as a financial behemoth managing trillions in assets. But now the world’s largest money manager is making a different kind of bet: one on the future of American workers. The company’s new Future Builders initiative will deploy $100...
Big Oil heads for biggest profits in years as Trump pushes for lower gas prices
America’s biggest oil companies are poised to post their strongest quarterly earnings in years — as President Donald Trump has been ramping up pressure on the industry to lower gas prices ahead of November’s midterm elections. Exxon Mobil and Chevron are...
Waffle House discriminated against smoking employees with illegal monthly charge, $5M lawsuit alleges
Waffle House has illegally been charging employees who use tobacco an extra $92 a month for health insurance through an unlawful surcharge program, a former server alleges in a proposed class-action lawsuit seeking more than $5 million. The complaint, filed in...
JPMorgan CEO contender walks away with $50M in unvested stock after losing Jamie Dimon succession race
JPMorgan Chase CEO Jamie Dimon’s decision to pass over Marianne Lake as his successor marked a surprising end to her 26-year career, but she’s walking away with at least $50 million in unvested stock, according to a report. Lake, 56, found out about Dimon’s...
Woman loses savings to AI-powered romance scam featuring intimate video calls with deepfake ‘Dubai prince’
A Filipino woman thought she had found love with Dubai’s charismatic crown prince after weeks of flirtatious messages and intimate video calls. Instead, she became the latest victim of an increasingly sophisticated AI-powered romance scam that uses deepfake...
Americans hit the road in record numbers for 4th of July — in spite of high gas prices
This Fourth of July, a record number of people are honoring the country through one of its most celebrated pastimes — the great American road trip — in spite of high gas prices. Gas prices are hovering near historic highs even after retreating from the sharp...
A crypto winter is upon us — and the big question is how long it will last?
It’s hot outside in New York City, but there’s a crypto winter in the markets – and it’s likely to get worse before it gets better, industry players tell On The Money. To be sure, we’ve seen this before: 2018, 2020, then in 2022, when a confluence of factors...
DEI finally getting ditched by corporate charities: Here’s what they’re pivoting towards instead
The latest trend in corporate philanthropy signals that bosses and boards are finally retraining their focus on what the country actually needs – and it’s a welcome shift away from the woke DEI agenda that has dominated for years, On The Money has learned. In...
Comcast’s CEO just kicked off what could become an M&A feeding frenzy for the ages
Brian Roberts’ surprise plans to spin off NBCUniversal from Comcast have set the stage for an M&A bonanza, with bankers working overtime to concoct deals where the media mogul is both a buyer and a seller of some of the industry’s biggest assets, On The...
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