News

Trump tariffs will hurt lower income Americans more than the rich, study says

Tariffs are expected to have more of a financial impact on poor households relative to consumers in the top 1%, according to a new study.

T. Rowe Price sees this established strategy as way to ride out market volatility

It appears T. Rowe Price is benefitting from the record growth in actively managed exchange traded funds.

China pledges to ramp up targeted support for businesses as U.S. trade war hits

China plans to help struggling businesses with targeted measures in the face of "increased external shocks," according to a readout of a high-level meeting.

Fed's Hammack calls for patience in assessing what impacts tariffs will have on the economy

The Cleveland Fed president said Thursday she thinks policymakers need to be patient rather than pre-emptive.

China says no ongoing trade talks with the U.S., calls for canceling 'unilateral' tariffs

U.S. President Donald Trump and U.S. Treasury Secretary Scott Bessent this week indicated that there might be an easing in tensions with China.

British fintech Revolut tops $1 billion in profit as revenue jumps 72%

Digital banking unicorn Revolut said Thursday that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year.

Citadel's Ken Griffin warns Trump about tarnishing the 'brand' of U.S. Treasurys

"The strength, the credit worthiness of U.S. Treasurys, no brand came close. We put that brand at risk," Griffin said.

Credit a 'short squeeze' for the stock market's big two-day bounce

Short-covering was on display as stocks shot up on signs of easing tensions on trade even though no concrete deals have been reached yet.

About half of Americans have a negative view on Tesla and Elon Musk, CNBC survey finds

The broad public and investors have something in common these days: They don't have a lot of love for either Tesla or CEO Elon Musk.

Wall Street's iconic charging bull statue vandalized by climate activists wielding neon green paint

The climate activist group called Extinction Rebellion painted the words "Greed=Death" on the the bull, the symbol of a surging stock market.

What the Discover merger approval means for Capital One and 2 other financials

Wells Fargo research analysts see the Capital One-Discovery merger as a "clearing event" for more bank deals.

Chicago Fed's Goolsbee says Fed independence is 'critically important' for its inflation fight

"When there is interference over the long run, it's going to mean higher inflation, it's going to mean worse growth and higher unemployment," Goolsbee said.
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