Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Airlinesread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
European aircraft manufacturer Airbus is betting travelers will want to fly long distances on smaller jets with the launch of its Airbus A321 XLR.Airlinesread more
The action reflects the evolving dynamic for U.S. companies that have done business with Huawei, which has been caught in the middle of growing U.S.-China trade tension.Technologyread more
The announcement comes after Trump blasted three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico.Politicsread more
Though JPMorgan Chase CEO Jamie Dimon characterized his throat cancer as "curable," it's "not exploitative" to think about his successor, Jeffrey Sonnenfeld, a professor at the Yale School of Management, told CNBC on Wednesday.
In a note to staff, Dimon said his cancer is believed to be contained in his throat and lymph nodes on his right side. The 58-year-old plans to remain actively involved in the largest U.S. bank's business, even as he undergoes radiation and chemotherapy treatment that is expected to last about eight weeks.
After all, Dimon is such a strong leader that if JPMorgan does not consider who will follow him, the banking giant could lose its way.
"It is not exploitative, I think, to take a look and make sure this board has deep bench strength and they do," he said.
Possible successors include Gordon Smith, CEO of consumer banking, Mary Erdoes, CEO of asset management and Daniel Pinto, CEO of corporate and investment banking.
To Sonnenfeld, Dimon has done a good job of raising the profile of these executives. But in any case, Dimon will be a "tough act to follow."
"He is absolutely iconic. He is probably the most feared and revered man in finance today. ... He has proven himself many times over," Sonnenfeld said. "He's a comeback superstar in his personal career and also in the, what, 48 percent return in stock price in this company and despite the crazy pounding of some of those penalties they had to withstand. Still, they turned out record profits."
—By CNBC's Drew Sandholm.