News

Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too

By January 2025, banks and their tech suppliers will have to comply with a new EU law known as DORA. It could help prevent major IT disruptions in future.

Jamie Dimon says he still sees a recession on the horizon

Dimon, leader of the biggest U.S. bank by assets and one of the most respected voices on Wall Street, has warned of an economic "hurricane" since 2022.

A 'soft landing' is still on the table, economists say

Recession risks have risen but the U.S. is likely to skirt a downturn if the Federal Reserve soon cuts interest rates, economists said.

Sahm rule creator doesn't think that the Fed needs an emergency rate cut

She said, however, there is a good case for a 50-basis-point cut, adding that the Fed needs to "back off" its restrictive monetary policy.

Consumer giants from Starbucks to General Mills have one big sales problem: China

A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market.

The case for buying bonds right now

Investors may want to consider fixed income to help navigate the market’s recent volatility.

Markets are counting on the Fed to head off recession with sizeable interest rate cuts

How Chair Jerome Powell and his cohorts react likely will go a long way in determining how investors negotiate a turbulent climate.

San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens

Progress on inflation and a clear slowdown in hiring likely will drive the Fed to some extent of policy easing, Daly said Monday.

Summer is ‘high season’ for flight delays. Here’s what travelers need to know

Financial compensation for flight delay and cancelation varies by airline.

JPMorgan Chase is opening more small-town branches in middle America

CEO Jamie Dimon is embarking on his 14th annual bus tour on Monday, with his first stop in Iowa, where the bank plans to open 25 more branches by 2030. 

Chicago Fed President Goolsbee says if economy deteriorates, Fed will 'fix it'

Chicago Federal Reserve President Austan Goolsbee spoke Monday morning on CNBC's "Squawk Box" program.

Apple shares drop 7% after Warren Buffett's Berkshire Hathaway slashes stake by half

Berkshire Hathaway disclosed in its earnings filing that it dumped a little more than 49% of the Apple stake.
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