News

Trump again calls for Fed to cut rates, says Powell’s ‘termination cannot come fast enough’

President Donald Trump on Thursday again called for the Federal Reserve to lower rates and even hinted at the "termination" of Chairman Jerome Powell.

UBS loses crown as continental Europe's most valuable bank to Santander amid U.S. tariffs

Santander and UBS' shares have diverged over recent months, with the Swiss lender shedding 17.2% in the year to date, while Santander has gained nearly 35%.

Four money traps to avoid in a volatile market, according to ‘Fast Money’ trader Tim Seymour

“Fast Money” trader Tim Seymour wants to help investors avoid costly mistakes.

Hertz shares surge more than 50% after Bill Ackman takes big stake in the rental car firm

Shares of Hertz surged 56% Wednesday after a regulatory filing revealed Pershing Square had built a 4.1% position as of the end of 2024.

Here's why retirees shouldn't fully ditch stocks

Retirees need at least some stocks in their portfolios to ensure they don't run out of money later, experts said.

Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth

The central bank leader said that while he expects higher inflation and lower growth, it's unclear where the Fed will need to devote greater focus.

Watch Fed Chair Powell speak live on policy to the Economic Club of Chicago

Federal Reserve Chair Jerome Powell speaks Wednesday afternoon at the Economic Club of Chicago.

Wall Street trading desks are feasting on the volatility from Trump’s global upheavals

The six biggest U.S. banks put up $16.3 billion in stock trading revenue, 33% more year over year and higher than the 2020 pandemic or the 2008 financial crisis.

JPMorgan Chase sues more customers who allegedly stole cash in 'infinite money glitch'

The episode highlights the lengths JPMorgan Chase, the biggest U.S. bank by assets, will go to claw back funds it is owed and to deter future crimes.

Lyft to buy taxi app Free Now for $200 million to expand into Europe

The acquisition — Lyft's first in Europe — is expected to close in the second half of 2025.

This homeowner cut her heating bill in half — and got a $1,200 tax credit

The energy efficient home improvement credit offers up to $3,200 a year to taxpayers. Republicans may scrap the tax break as part of their legislative agenda.

Cash may feel safe when stocks slide, but it has risks

Investors who shift away from stocks for perceived safe havens like cash are likely sacrificing their well-being decades from now.
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