Business
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The first wave of bank earnings shows why ‘resilience’ is Wall Street’s favorite word
In today’s CEO Daily: Diane Brady looks for trends in U.S. bank earnings The big leadership story: Experts call for a ban on generative AI programs targeting students The markets: Large down across Asia Plus: All the news and watercooler chat from Fortune. Good morning. Jamie Dimon of JPMorgan Chase says the economy is resilient
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Pope Leo warned the world is in ‘big trouble’ if Elon Musk becomes the first trillionaire
Pope Leo XIV sounded the alarm over the growing wealth inequality between CEOs and workers—and he singled out Elon Musk’s path to trillionaire status. In one of first formal interviews after being named pontiff last year, Pope Leo said soaring executive paychecks may be putting the world in “big trouble.” This came as a report
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Bank of America’s 18,000 financial advisors just got a new AI tool as the company posts a record quarter
Good morning. Bank of America posted its strongest earnings in nearly two decades, and CFO Alastair Borthwick says AI is becoming key to the bank’s performance. The bank reportedon Wednesday that Q1 2026 net income was $8.6 billion, with earnings per share up 25% to $1.11, which is the highest level in almost 20 years.
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Forget the chatbot wars. Google DeepMind CEO Demis Hassabis is thinking about something far bigger
In today’s CEO Daily: Europe Editorial Director Kamal Ahmed reports on a conversation with Demis Hassabis. The big leadership story: Everyone’s anxious about AI—even founders. The markets: Mostly up as tech optimism returns. Plus: All the news and watercooler chat from Fortune. Good morning. Not every CEO will have a book written about them. But
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Why insurance giant Travelers’ CTO is placing fewer, bigger bets on AI
As a child growing up in Iran, Mojgan Lefebvre dreamed of becoming a doctor. But turbulent times in the Middle East nation led her to immigrate to the United States, where she took a pragmatic approach to planning for her future. The cost to study medicine felt too prohibitive, especially given that Lefebvre would fund
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Citi’s new CFO touts AI gains as bank posts record $24.6 billion revenue quarter: ‘This is not the spell-checker working better’
Good morning. Gonzalo Luchetti stepped into his first earnings spotlight as Citigroup’s chief financial officer on Tuesday, holding his debut media call ahead of the company’s Q1 2026 earnings. Citi notched its highest quarterly revenue in a decade, he said. Net income for Q1 2026 was approximately $5.8 billion, or $3.06 per share, beating a
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Dow’s next chapter depends on whether new CEO Karen Carter gets room to lead—and how fast Jim Fitterling steps back
In today’s CEO Daily: Diane Brady grades Dow on its succession planning. The big leadership story: AI CEOs are facing physical risks. The markets: Holding relatively steady as investors eye U.S.-Iran talks and digest early earning results. Plus: All the news and watercooler chat from Fortune. Good morning. Former Cisco Chairman and CEO John Chambers
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Dow’s CEO pick elevates a seasoned insider at a pivotal moment for the chemical giant
Dow is making a closely watched leadership change at a pivotal moment for the chemical industry. The company said Thursday that Karen Carter, Dow’s current chief operating officer, will become CEO on July 1, 2026, succeeding Jim Fitterling, who has led the materials science giant since 2018. Fitterling will become executive chair of the board,
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Exclusive: AlphaSense names new CFO as revenue tops $500 million
Good morning. For several years, Samantha Greenberg used AlphaSense to analyze companies. Now she’s the platform’s CFO. AlphaSense is a specialized AI-powered search engine for companies, investors, and analysts. Instead of the open web, the platform indexes a library of about 500 million documents, including premium business content such as SEC filings, earnings transcripts, and
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Trump’s war and rhetoric are drowning out the IMF’s growth agenda
In today’s CEO Daily: Diane Brady on the factors that will determine whether the IMF can stay focused on growth. The big leadership story: One CEO is backing off a vow to evaluate employees on their AI use. The markets: Up as investors shrug off stalled U.S.-Iran peace talks. Plus: All the news and watercooler