News

San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens

Progress on inflation and a clear slowdown in hiring likely will drive the Fed to some extent of policy easing, Daly said Monday.

Summer is ‘high season’ for flight delays. Here’s what travelers need to know

Financial compensation for flight delay and cancelation varies by airline.

JPMorgan Chase is opening more small-town branches in middle America

CEO Jamie Dimon is embarking on his 14th annual bus tour on Monday, with his first stop in Iowa, where the bank plans to open 25 more branches by 2030. 

Chicago Fed President Goolsbee says if economy deteriorates, Fed will 'fix it'

Chicago Federal Reserve President Austan Goolsbee spoke Monday morning on CNBC's "Squawk Box" program.

Apple shares drop 7% after Warren Buffett's Berkshire Hathaway slashes stake by half

Berkshire Hathaway disclosed in its earnings filing that it dumped a little more than 49% of the Apple stake.

ETF inflows set record high in July, State Street Global Advisors finds

New data shows exchange-traded fund inflows hit $127 billion last month.

Warren Buffett raises Berkshire cash level to record $277 billion after slashing stock holdings

Berkshire Hathaway's cash pile swelled to a record $276.9 billion as Warren Buffett continued dumping his one-time favorite Apple stake.

Berkshire's mounting cash pile could top $200 billion as Buffett continues selling stock

The Omaha-based conglomerate's cash hoard is likely to exceed its previous record of $189 billion when it reports quarterly earnings Saturday.

Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for a big bank

The move from Morgan Stanley, one of the world's largest wealth management firms, is the latest sign of the adoption of bitcoin by mainstream finance.

Here’s where the jobs are for July — in one chart

Hiring in the U.S. slowed significantly last month with information and financial sectors leading the job losses.

Buffett's Berkshire sells $3.8 billion worth of Bank of America in 12-day selling spree

Berkshire Hathaway dumped a total of 19.2 million BofA shares over the past three days for almost $779 million, according to a new regulatory filing.

Singapore's monetary authority sets up review group in bid to revive its equities market

MAS said one goal will be to identify methods for encouraging participation, including from capital market intermediaries, investors and listed companies. 
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