News

Airlines to save big money on fuel as new weight-loss pills gain popularity, Wall Street says

Jefferies argued that a 10% reduction in average passenger weight could translate into roughly 2% total aircraft weight savings.

Citigroup tops estimates as loan loss provisions come in lighter than expected

Under CEO Jane Fraser, Citigroup is in the midst of a restructuring, selling off parts of its overseas operations.

Bank of America is set to report fourth-quarter earnings – here's what to expect

Bank of America, the second-largest U.S. bank by assets, has been a beneficiary of the industry's recent tailwinds.

Warren Buffett was still searching for that elephant in his final months as Berkshire CEO

Warren Buffett, who handed over the CEO reins to Greg Abel at the start of 2026, made it clear that size is not the constraint, opportunity is.

JPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table'

Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.

Alibaba-backed PixVerse launches real-time AI video tool, as Chinese rivals race past OpenAI on speed and cost

Co-founder Jaden Xie told CNBC that the company is about to close another financing round, after raising $100 million in the last 6 months.

BNY raises profit target as CEO Robin Vince says 'turnaround' is taking hold

BNY raised a pair of key medium-term performance targets on Tuesday.

JPMorgan Chase is set to report fourth-quarter earnings – here's what the Street expects

JPMorgan will give investors a view into how consumers and corporations fared toward the end of last year and issue guidance on how 2026 may develop.

Trump targets credit card rates. What’s at stake for Capital One and other banks

Capital One shares sank Monday after Trump called for a 10% cap on credit card rates, a major profit driver for the company.

Trump's credit card rate cap plan has unclear path, 'devastating' risks, bank insiders say

A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with less-than-ideal credit, banks say.

Yellen says Powell probe 'extremely chilling' for Fed independence, market should be concerned

Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell.

Republican Sen. Thom Tillis vows to block Trump's Fed nominees following Powell probe

Trump will face an important obstacle — from within his own party — as he seeks to replace Federal Reserve Chair Jerome Powell.
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