News

Stock pickers are on a record run with investors. Don't be fooled, says index fund guru

What's in store for the next chapter of passive vs. active investing, according to Charley Ellis, the indexer who wrote the book on what's best for your money.

Warren Buffett's Berkshire Hathaway sells some DaVita, shares fall on disappointing guidance

DaVita shares tumbled after issuing a weak outlook amid rising care costs, while big investor Berkshire offloaded some shares in a preplanned agreement.

GameStop is considering investing in bitcoin and other cryptocurrencies, sources say

GameStop is exploring investments in alternative asset classes, including crypto and in particular bitcoin, three sources said.

British bank Barclays posts 2024 pretax profit hike, launches £1 billion share buyback

British bank Barclays posted a rise in full-year pre-tax profit that came in just ahead of analyst expectations, while also launching a £1 billion share buyback.

Germany's second-largest lender Commerzbank to cut 3,900 jobs as it unveils new targets

Commerzbank announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets.

Chinese businesses rush to try DeepSeek AI at 'unprecedented' scale

Chinese businesses are tapping DeepSeek's newest AI model to see how it can improve productivity.

CFPB’s new leadership begins staff purge with dozens of employees terminated

The terminations have sowed more confusion at the bureau, as several of those being laid off had already accepted federal buyout offers, said one of the people.

Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’

The Bureau of Labor Statistics reported hotter-than-expected growth in the U.S. consumer price index, forcing markets to recalibrate rate expectations.

Watch Fed Chair Powell speak live before House Financial Services Committee

Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy.

The New York Stock Exchange is launching an exchange in Texas

The NYSE Chicago will reincorporate in Texas and be renamed NYSE Texas.

Warren Buffett's Berkshire buys more Occidental after 30% sell-off from record high

The Omaha, Nebraska-based conglomerate scooped up 763,000 shares of the Houston-based oil and gas producer on Friday for $35.7 million, according to a filing.

Zelle payments top $1 trillion in 2024 as network's growth outpaces rivals including PayPal

Zelle said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier.
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