News

Startup founder Charlie Javice to be sentenced for defrauding JPMorgan Chase

Charlie Javice, founder of college financial aid platform Frank, was arrested in 2023 on charges she defrauded JPMorgan Chase in the sale of the fintech firm.

Why an analyst downgrade of Wells Fargo does not change our conviction in the stock

Morgan Stanley analysts cut Wells Fargo to a hold-equivalent rating from a buy Monday, citing limited upside ahead for shares.

Cleveland Fed’s Hammack warns of 'challenging time' amid inflation worries

"On the inflation side right now, I continue to be worried," Cleveland Federal Reserve President Beth Hammack Hammack told CNBC's "Squawk Box Europe."

President Trump posts cartoon image depicting him firing Fed Chief Powell

Trump has repeatedly criticized Powell for his cautious approach to cutting interest rates, nicknaming him "Too Late Powell."

'Spectacular' AI growth is creating a serious labor market problem for Fed, Jefferies' David Zervos warns

Long-time market bull David Zervos is worried the Federal Reserve is dangerously ignoring the artificial intelligence boom's fallout.

Not just for the ultra-wealthy: Two firms team up to create more access to private credit boom

Simplify Asset Management and VettaFi launched the actively managed Simplify VettaFi Private Credit Strategy ETF (PCR) on Wednesday.

Chinese stocks are on fire this year, drawing big interest from foreign and domestic investors

Chinese stocks, once deemed univestable by many, are luring both local and foreign investors impressed by recent returns.

How gold and bitcoin are moving beyond market hedge to become income-generating investments

Investors want exposure to alternative assets that don't move with stocks and bonds. They also want income. Wall Street and BlackRock have an answer.

Fintech Checkout.com's valuation falls to $12 billion

The internal valuation of $12 billion represents a significant decline from the $40 billion assigned to Checkout.com in a 2022 funding round.

Global casting call for top traders: From TV weatherman to dentist, FundSeeder finds hidden talent

"There are lots of great traders globally that are completely unknown," "Market Wizards" author Jack Schwager said.

Disney investors say handling of Jimmy Kimmel suspension put politics over shareholders, demand records

A group of Disney investors are seeking board materials, communications and policies related to the suspension of "Jimmy Kimmel Live!" 

Early Revolut backer invests in AI-focused finance software startup Light

Danish startup Light wants to disrupt the decades-old world of corporate accounting software.
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