News

Chinese companies have begun to dominate Southeast Asia's online shopping market

ByteDance's TikTok Shop and Alibaba's AliExpress are going global — taking large chunks of the overseas e-commerce market, according to Bain and Company.

Here are the five key takeaways from the Fed meeting and Powell news conference

The Federal Reserve meeting that wrapped up Wednesday both delivered on expectations and offered a few surprises.

There were two Fed dissenters: Miran wanted a bigger cut and Schmid voted for no easing at all

Federal Reserve Governor Stephen Miran instead called for a half-point cut, while Kansas City Fed President Jeffrey Schmid voted for no decrease.

Fed cuts rates for the second time this year, will end balance sheet run-off in December

The Federal Reserve on Wednesday released its interest decision following a two-day meeting.

Here's what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.

Fiserv stock craters 44%, on pace for worst day ever after company slashes guidance

Fiserv said it will move its stock from the NYSE to the Nasdaq next month, where it will trade under the ticker symbol "FISV."

The Fed has a rate cut plus a bunch of other things on its plate this week. Here's what to expect

The easy part for the Federal Reserve this week will be announcing a rate cut when it wraps up its meeting Wednesday.

'We're trying to shame them': Upstart activist investors target America's underperforming banks

HoldCo has emerged from relative obscurity to launch activist investor campaigns against three regional banks: Comerica, Eastern Bank and First Interstate.

BlackRock-linked tokenization firm Securitize to go public via SPAC deal

Founded in 2017, Securitize filed on Tuesday to go public through a SPAC deal that values its business at $1.25 billion.

PayPal signs deal with OpenAI to become the first payments wallet in ChatGPT

The move makes PayPal an early part of OpenAI's efforts to broaden ChatGPT's use for e-commerce.

Bessent lists five finalists for Fed chair job and Trump says decision coming before the end of the year

The Federal Open Market Committee meets this week, with an interest rate decision due Wednesday.

HSBC to recognize $1.1 billion provision in third quarter after court ruling in Madoff case

Herald Fund SPC sued HSBC's Luxembourg unit in 2009, claiming restitution of securities and cash it said were lost in the fraud.
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