Articles

New York Community Bancorp stock resumes its slide as Fed’s Powell cites ‘challenged’ areas in the banking system

Stock falls nearly 16% after Jerome Powell’s blunt language on ‘expected losses’

Credit-card and car-loan delinquencies are at their highest point in more than a decade

Total U.S. household debt grew by roughly 1% in the fourth quarter to reach $17.5 trillion, New York Fed reported.

‘Undeniable’ Taylor Swift connection: Health and beauty brands are buying pricey Super Bowl ads

The high-profile romance between Taylor Swift and Kansas City Chiefs’ Travis Kelce is having an effect on who advertises in the Super Bowl.

Fed’s Mester warns against cutting rates too soon and too quickly

Cutting interest rates too soon would risk some of the progress seen on reducing inflation and might cause interest-rate policy to reverse course, Cleveland Fed President Loretta Mester said Tuesday.

JPMorgan Chase to add 500 branches and 3,500 employees by the end of 2027 as the U.S.’s largest bank gets bigger

Footprint to grow in Boston, Charlotte, N.C., Minneapolis and Philadelphia and Washington.

Politics and local laws are influencing where people move, real-estate agents say: Redfin

One-third of real-estate agents say they have worked with buyers who moved over the last 12 months mainly because of state or local laws or politics, according to a new first-of-its-kind survey of 500 real-estate agents by brokerage Redfin.

BP is now a big producer of an unexpected commodity: coffee

What BP calls convenience gross margin — a profit measure which is defined in 117 words in a glossary to results — rose 9% to $1.66 billion last year.

Tesla’s stock is downgraded, more for Elon Musk’s issues than ‘tough’ EV demand

Daiwa’s Jairam Nathan is worried about how governance concerns will aggravate difficult financial conditions.

UBS shares tumble after results as bank looks to take out more Credit Suisse costs

UBS shares were tumbling on Tuesday as the Swiss lender announced more cost savings, which could mean more jobs will go.

Palantir’s stock is heading for its best day ever as the bear camp gets smaller

Palantir silenced some bears with its latest results as at least two analysts moved away from sell-equivalent ratings.

Coherent stock rallies on profit beat and bullish comments on product launch

Stock jumps 12% on boost in net income and “favorable operating leverage.”

I’m doing my taxes for a CD that matures in 2024. Why did the IRS not send me paperwork?

The IRS treats interest from CDs and other cash investments as ordinary income.
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