News

Fake job seekers are flooding U.S. companies that are hiring for remote positions, tech CEOs say

Companies have long faced external attacks from hackers. Now, thanks to generative AI, another threat has emerged: Employees who aren't who they say they are.

Market turbulence will not impact Mediobanca deal, Monte dei Paschi CEO says

Monte dei Paschi di Siena downplayed the potential impact of ongoing market turbulence on its 13-billion-euro offer for Mediobanca, telling CNBC it expects to complete the deal this summer.

JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy

Jamie Dimon is the first Wall Street CEO to publicly address President Trump's sweeping tariff policy as global markets crash.

Beijing's strong counter tariffs raise the specter of an intense trade war with Washington

In a shift in tone, China dropped its call for negotiations on trade in a weekend statement that condemned U.S. tariffs.

French fintech Pennylane doubles valuation to $2.2 billion as Alphabet's venture capital arm takes stake

Accounting software startup Pennylane has raised 75 million euros ($83 million) in a new funding round led by Sequoia Capital.

Bitcoin drops Sunday evening as cryptocurrencies join global market rout

Last week, bitcoin bucked the broader market meltdown, holding above $80,000 and rising to end the week.

Here's why 'dead' investors outperform the living

Investors who leave their portfolios alone tend to outperform those with a heavier hand.

Buffett denies social media rumors after Trump shares wild claim that investor backs president crashing market

Warren Buffett went on the record to deny social media posts shared by Trump that included a false endorsement from the "Oracle of Omaha."

Powell sees tariffs raising inflation and says Fed will wait before further rate moves

Powell said the Fed faces a "highly uncertain outlook" because of the new reciprocal levies the president announced Wednesday

Watch Fed Chair Jerome Powell speak live on interest rates and tariffs

Powell speaks Friday to the Society for Advancing Business Editing and Writing conference in Arlington, Va.

Traders betting Fed will cut rates at least 4 times this year to bail out economy

Data from the CME Group on Friday showed raised odds the federal funds rate will fall to 3.00% to 3.25%, down from 4.25% to 4.50% where it is currently.

Actively managed ETFs hit $1 trillion milestone: Why tariff uncertainty may spark more growth

The actively managed ETF industry is now roughly the market cap of Berkshire Hathaway — and one expert thinks trade risks could boost interest even higher.
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