News

Hope is building that Goldman Sachs can turn a corner after pivoting away from CEO David Solomon's failed consumer banking efforts.

Circle CEO Jeremy Allaire said that 2024 is likely the year that the U.S. passes concrete laws for the $135.3 billion stablecoin market.

The SEC's approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing.

Citigroup CEO Jane Fraser announced one of the largest moves to cut headcount at a major U.S. bank in recent years.

Prices have declined over the past year in consumer categories like physical goods, groceries and energy, according to the consumer price index.

"It's going to be a 'think-and-do tank.' It's going to be an activist," Ackman said in an interview with CNBC's Andrew Ross Sorkin on "Squawk Box."

Bank of America's net income fell to $3.1 billion in the fourth quarter, from $7.1 billion a year ago.

Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago.

BlackRock, the world's biggest asset manager, announced Friday it is buying Global Infrastructure Partners for about $12 billion in cash and stock.

Citigroup CEO Jane Fraser announced plans for a sweeping corporate reorganization in September after previous efforts failed to boost the bank's share price.

Chinese augmented reality glasses company Rokid announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city.

JPMorgan will be watched closely for clues on how banks fared amid volatile interest rates and rising loan losses.