News

Jamie Dimon issues rare CEO criticism of Trump's immigration policy: 'I don’t like what I’m seeing'

American CEOs have mostly avoided direct criticism of Trump's policies over the past year.

Trump signals he has a favorite for Fed chair: 'Down to maybe one, in my mind'

The president said a search that began in September and once included as many as 11 candidates is nearly over.

Trump calls for Congress to enact 10% credit card interest rate cap; bank stocks rise

The episode may show the limits of President Trump's ability to cajole the financial industry into voluntarily giving up billions of dollars in revenue.

Jamie Dimon says U.S. should impose Trump's credit card rate cap in Vermont and Massachusetts

JPMorgan Chase CEO Jamie Dimon on Wednesday advocated for a test of President Donald Trump's proposed credit card rate cap in Vermont and Massachusetts.

Berkshire prepares to exit 28% stake in Kraft Heinz as new CEO aims to move on from rare Buffett gaffe

The move underscores Greg Abel's willingness to look past a deal that has long stood out as a rare blemish in Buffett's otherwise storied record.

Jerome Powell could stay at the Fed even after being removed as chair. Here's what that means

The saga over President Donald Trump's efforts to reshape the Federal Reserve has another twist.

Ray Dalio warns that 'capital wars' could follow Trump's actions, with countries dumping U.S. assets

Dalio said history offers multiple examples of similar episodes in which economic conflict escalated beyond trade into capital flows and currency disputes.

Bessent says Trump's pick for the next Fed chair could happen next week

The president has whittled down the field to four candidates, Bessent told CNBC during an interview at the World Economic Forum in Switzerland.

Bessent says Powell attending Supreme Court arguments on Lisa Cook is a mistake

CNBC reported that Powell plans to be present for oral arguments in a case that challenges Trump's power to remove governor Lisa Cook.

Venezuela shows how locals turn to Tether-issued USDT stablecoin as governments wobble

Locals in Venezuela, as well as others living under unstable regimes, are turning to USDT as protection from political and economic uncertainties.

Alibaba-backed startup Moonshot AI's valuation is up $500 million, sources say, after its rivals IPO in Hong Kong

Investors are valuing the startup at $4.8 billion as it is about to close another funding round, according to two people familiar with the matter.

Trump threatens to sue JPMorgan Chase for 'debanking' him

President Trump threatened to sue JPMorgan for allegedly "debanking" him following the Jan. 6 insurrection in 2021.
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