News

'Phantom hacker' scams that target seniors' savings are on the rise, FBI says

"Phantom hacker" scams are an evolution of tech support scams. Victims over 60 years old have accounted for 66% of total financial losses in 2023, the FBI said.

Bank of America is set to report third-quarter earnings — here's what the Street expects

Bank of America was supposed to be one of the big beneficiaries of higher interest rates. Instead, the stock has been the worst performer among peers this year.

Top economists unanimous on 'higher for longer' rates as inflation threats linger

Top economists and central bankers appear to be in agreement on one thing — and it's not a good thing for global markets.

Goldman Sachs is set to report third-quarter earnings — here's what Wall Street expects

While Goldman Sachs has made efforts under CEO David Solomon to diversify its revenue stream, it is Wall Street that powers the company.

The UK Labour Party has a Biden-esque economic plan — but it's very different to Bidenomics

The U.K.'s main opposition Labour Party has set out an economic plan it hopes will propel it to power — and the transatlantic parallels were clear.

African ambassador criticizes IMF, World Bank for not giving enough loans

An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies.

'Miracle drug' euphoria: Experts warn widespread use of weight loss medicine faces major hurdles

Two experts see major challenges facing the adoption of Novo Nordisk and Eli Lilly's obesity drugs.

Risk-taker’s market? Why it may be practical to take chips off the table

Two market experts tackle the appropriate appetite for risk during market ugliness.

Citigroup stock jumps on better-than-expected revenue for the third quarter

Friday's report is the first major update since Citigroup announced a new corporate structure in September.

JPMorgan Chase CEO Jamie Dimon warns this is 'the most dangerous time' for the world in decades

The head of the larges U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend.

Wells Fargo shares rise after third-quarter results top Wall Street expectations

Wells Fargo on Friday surpassed Wall Street expectations in third-quarter earnings and revenue as the benefit from higher interest rates offset declining loan balances.

China gives Ehang the first industry approval for fully autonomous, passenger-carrying air taxis

Ehang shares have nearly doubled in price this year, before trading was temporarily halted Monday pending a significant announcement.
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