News

Warren Buffett's Berkshire trims Bank of America stake for the first time since 2019 after strong rally

Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank's strong 2024 run.

'Just buying, buying, buying’: What the recent small-cap boom suggests about the appetite for risk

The money flow into small caps may not be a rotation from winning growth trades.

CFPB cracks down on popular paycheck advance programs. Here's what that means for workers

The watchdog proposed a rule that would label earned wage access programs as loans. Fees would need to be expressed in APR terms, like a credit card.

In the face of trade tensions, China says it will focus on its own economy

Top Chinese officials on Friday emphasized the country would focus on its own affairs in the face of rising trade tensions.

‘Loophole’ may get you a $7,500 tax credit for leasing an EV, auto analysts say

A tax credit for leased electric vehicles is subject to laxer rules than those that apply to purchases of new EVs.

Watch: ECB President Christine Lagarde speaks after rate decision

European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.

JD Vance blames U.S. wage losses on China's efforts to build its middle class

U.S. presidential hopeful Donald Trump's new running mate JD Vance stuck to a hard line on China in his first speech since being selected earlier in the week.

Fed Governor Waller sees central bank 'getting closer' to an interest rate cut

Central bankers have become more optimistic from data that has shown inflation easing.

HSBC appoints Georges Elhedery as group CEO starting Sept. 2

Elhedery, who is the current chief financial officer, will replace outgoing head Noel Quinn in September.

Gold heads for record high close on view that Fed is poised to cut rates

Rising expectations for a September rate cut following the latest inflation data bolstered demand for bullion.

Traders see the odds of a Fed rate cut by September at 100%

The probabilities are based on trading in CME Fed Funds futures contracts.

Small caps are the hottest trade going in the stock market right now and they're up again Tuesday

Small-cap stocks are on a tear right now as they took the baton from megacap technology shares to lead the market rally.
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