News

Hassett pivots to possible 'Trump cards' amid credit card interest rate battle with banks

Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.

Goldman Sachs CEO is looking at how the Wall Street bank can get involved in prediction markets

Goldman's interest comes as prediction markets gain visibility and debate swirls over market transparency and regulatory boundaries.

Fed's Goolsbee says inflation could come 'roaring back' if central bank independence goes away

"Anything that's infringing or attacking the independence of the central bank is a mess," Goolsbee told CNBC.

Morgan Stanley tops estimates driven by wealth management

Stocks are trading at record highs, which could provide a boost to Morgan Stanley's massive wealth management business.

The energy trade that excites VanEck's CEO — and it's not oil

A major exchange-traded fund manager suggests the oil trade won't provide much upside ahead.

Goldman Sachs is about to report fourth-quarter earnings — here's what the Street expects

Trading desks across Wall Street have benefited in the last year as Trump's policies have roiled markets for bonds, currencies, commodities and stocks.

Under threat from Trump, Wall Street banks wager they can fend off credit card price controls

Five days after Trump's demand to cap credit card rates, bankers and lobbyists told CNBC they have yet to receive any formal or written guidance on the policy.

Sen. Warren says Trump called her to work on credit card interest rate caps

Republicans on Capitol Hill have lightly thrown cold water on capping credit card interest at 10%.

Airlines to save big money on fuel as new weight-loss pills gain popularity, Wall Street says

Jefferies argued that a 10% reduction in average passenger weight could translate into roughly 2% total aircraft weight savings.

Citigroup tops estimates as loan loss provisions come in lighter than expected

Under CEO Jane Fraser, Citigroup is in the midst of a restructuring, selling off parts of its overseas operations.

Bank of America is set to report fourth-quarter earnings – here's what to expect

Bank of America, the second-largest U.S. bank by assets, has been a beneficiary of the industry's recent tailwinds.

Warren Buffett was still searching for that elephant in his final months as Berkshire CEO

Warren Buffett, who handed over the CEO reins to Greg Abel at the start of 2026, made it clear that size is not the constraint, opportunity is.
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