News

Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal

The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.

One of the biggest bears in this bull market is leaving JPMorgan

Marko Kolanovic, who called the Covid-era rebound but missed the latest stock rally, is leaving the bank.

Is inflation Biden's or Trump's fault? The answer isn't so simple, economists say

President Biden and former President Trump traded barbs on the state of the U.S. economy. Trump took aim at high pandemic-era inflation.

The U.S. needs more of this critical metal — and China owns 80% of its supply chain

China dominates the supply chain for many of the world's critical minerals, but so far it's held off on sweeping restrictions on at least one: tungsten.

How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts

The Synapse collapse has revealed fintech's promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits were locked from accounts.

What Taylor Swift's The Eras Tour says about 'passion tourism'

Traveling abroad for a Taylor Swift concert is perhaps the most prominent example of taking a trip motivated by personal interest, hobby or a cultural event.

Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit

Revolut's CEO Nikolay Storonsky said he is optimistic about the fintech firm's chances of being granted a U.K. banking license.

Citadel’s Ken Griffin says he's not convinced that AI will replace human jobs in the near future

Griffin, whose firm has been at the forefront of automation, said machine-learning tools have their limits when it comes to adapting to changes.

Is the U.S. stock market too ‘concentrated’? Here’s what to know

Just about a handful of large U.S. companies account for a third of the S&P 500 stock index. Some experts fear investors are at risk.

Chewy shares rally 20% after SEC filing reveals ‘Roaring Kitty’ Keith Gill has 6.6% stake

The filing showed Roaring Kitty, whose legal name is Keith Gill, bought just over 9 million shares — amounting to a 6.6% stake in the company.

Growth, value stocks could see boost from Russell rebalancing

This key market event could help boost growth and value stocks. Here’s why.

JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps

The big banks announced their plans to boost capital return to shareholders after passing the annual stress test administered by the Federal Reserve this week.
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