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JPMorgan Chase reports record revenue

By Krystal Hur and Nicole Goodkind, CNN JPMorgan Chase on Friday reported first-quarter profit and revenue that roundly beat expectations. The New York-based bank posted a profit of $12.6 billion or $4.10 per share. That’s up from $8.3 billion, or $2.63 per share from the same period a year before, or 52%. Analysts expected earnings

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The American consumer has bad news for the economy

CNN By Nicole Goodkind, CNN The strength of the US economy rests on the shoulders of consumers. If people are spending money, companies keep employees in their jobs … and those workers keep spending. In theory, anyway. Consumer spending accounts for about 70% of America’s gross domestic product, the broadest measure of the economy, so

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The cream-cheese-stuffed bagel is here

By Danielle Wiener-Bronner, CNN In the 1990s, Pizza Hut unveiled an important cheese-in-bread innovation, the stuffed crust pizza. Now, Philadelphia cream cheese and H&H Bagels, a New York City-based bagel shop, are trying to please the carbohydrate- and dairy-loving communities with a new and dubious spin on the stuffed crust: The bagel stuffed with cream

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