News

Eric Trump: 'If banks don’t watch what’s coming, they’ll be extinct in ten years'

"The modern financial system is broken, it's slow, it's expensive," the executive vice president of the Trump Organization told CNBC.

Swiss giant UBS posts profit beat, warns of 'material risk' to global growth from U.S. tariffs

UBS on Wednesday beat bottom line expectations as the lender seeks to rein in steep share declines that have cost it the crown of continental Europe's largest bank amid sweeping U.S. tariffs.

Britain at risk of losing ground to rival fintech and crypto hubs, execs warn

"I think the U.K. will get it right — but there is a risk if you get it wrong that you drive innovation to other markets," Coinbase's U.K. head told CNBC.

Where the 'Fast Money' traders see the most promise — and problems — over President Trump's next 100 days

The "Fast Money" traders share their best and worst trades over President Trump's next 100 days.

This is what typically happens to stocks after periods of high volatility

Extreme volatility generally leads to strong returns for investors after a year.

UK announces draft rules for crypto industry, touts greater collaboration with U.S.

U.K. Finance Minister Rachel Reeves on Tuesday announced plans for a "comprehensive regulatory regime for crypto assets."

Main Street investors hold on tight out of trust in President Trump, Treasury Secretary says

The former hedge fund CEO said individual investors, who have held their positions through the market turmoil, have faith in Trump's tariff policy.

SoFi CEO says fintech bank is bringing back crypto investing

SoFi was forced to drop crypto investing in late 2023 as part of becoming a regulated bank.

Deutsche Bank posts 39% jump in first-quarter profit, above expectations

German banks stand to benefit as the country's political environment settles under the potential stewardship of a centrist coalition.

Wealthy consumers upped their spending last quarter, while the rest of America is cutting back

American Express and JPMorgan Chase, both of which cater to wealthier users with higher credit scores, saw spending increase to start 2025.

Trump’s first 100 days are the worst for the stock market since Nixon

The S&P 500 has dropped 7.9% since Inauguration Day, CFRA Research data shows.

Chinese factories are stopping production and looking for new markets as U.S. tariffs bite

Chinese manufacturers are pausing production and turning to new markets as the impact of U.S. tariffs sets in, according to companies and analysts.
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