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Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’

The Bureau of Labor Statistics reported hotter-than-expected growth in the U.S. consumer price index, forcing markets to recalibrate rate expectations.

Watch Fed Chair Powell speak live before House Financial Services Committee

Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy.

The New York Stock Exchange is launching an exchange in Texas

The NYSE Chicago will reincorporate in Texas and be renamed NYSE Texas.

Warren Buffett's Berkshire buys more Occidental after 30% sell-off from record high

The Omaha, Nebraska-based conglomerate scooped up 763,000 shares of the Houston-based oil and gas producer on Friday for $35.7 million, according to a filing.

Zelle payments top $1 trillion in 2024 as network's growth outpaces rivals including PayPal

Zelle said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier.

Fintech unicorn Zepz to lay off 20% of its global workforce, sources say

London-based fintech Zepz is laying off around 200 IT workers as part of a major redundancy plan, two employees impacted by the move told CNBC.

Chinese tech giant Baidu to release next-generation AI model this year as DeepSeek shakes up market

Baidu plans to release the next generation of its model for powering generative AI applications in the second half of this year, according to a source familiar with the matter.

Ken Griffin says Trump's 'bombastic' trade rhetoric is a mistake that's eroding trust in the U.S.

The billionaire hedge fund founder's comments came after Trump on Monday evening signed an order that would impose 25% tariffs on steel and aluminum imports.

Powell squashes the possibility that the Fed will develop its own digital currency

Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge.

CFPB heads for supervision, enforcement announce resignations after stop-work order

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Dominari Holdings shares surge 30% after Donald Trump Jr. and Eric Trump join advisory board

Donald Trump Jr. and Eric Trump participated in a recent private placement in the holding company.

Watch Fed Chair Powell testify live before the Senate Banking Committee

Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill.
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