News

Trump faces a variety of choices as he seeks to fill Fed vacancies

Fed Governor Adriana Kugler's surprise resignation last week brought back a scenario that seemed to be fading.

Opendoor tanks after earnings as CEO thanks new investors for 'increased visibility'

Opendoor shares soared 245% in July and got off to a hot start in August as retail investors poured into the online real estate company.

Op-Ed: The 'Advisory Firm of 1' — AI will change how your wealth is managed

Dr. Vinay Nair is the founder and CEO of TIFIN, a fintech platform using AI to build products for the wealth, insurance and asset management industries.

Prediction markets see Hassett and Warsh as Fed chair frontrunners as Trump talks up the 'Kevins'

In a wide-ranging interview on CNBC's "Squawk Box," Trump spoke highly of Hassett and Warsh as potential candidates to replace Powell.

AI is already impacting the labor market, starting with young tech workers, Goldman economist says

Unemployment rates among tech workers between 20 and 30 years old jumped by 3 percentage points since the start of this year, said Goldman Sachs' Joseph Briggs.

Trump says JPMorgan Chase, Bank of America rejected him as a customer

President Donald Trump said Tuesday that the two largest U.S. banks rejected him as a bank customer, reviving claims of debanking against conservatives.

Berkshire shares dip after earnings decline, lack of buybacks disappoint investors

A move that caught many by surprise was a big write-down for Berkshire's underperforming Kraft Heinz stake.

Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact

Berkshire's operating profit dipped 4% year over year to $11.16 billion in the second quarter.

‘The eye of the hurricane’: Why the U.S. job market has soured, economists say

Federal data suggests the job market has slowed more than previously thought amid economic headwinds.

Fed governors Bowman, Waller explain their dissents, say waiting to cut rates threatens economy

Two Federal Reserve officials who voted this week against holding a key interest rate in place explained their decisions Friday.

Ray Dalio sells his last remaining stake in Bridgewater, steps away from hedge fund's board

Bridgewater completed the final transition of Dalio's equity shares, wrapping up his management transition started in 2022.

Emergency funds are a 'security blanket' for 401(k) savings, Vanguard researcher says. Here's why

Rainy-day funds help prevent savers — especially hourly workers — from raiding their retirement accounts.
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