News

Ray Dalio calls upcoming U.S. election the most consequential of his lifetime

Speaking to CNBC's "Squawk Box Asia" on Thursday, the founder of Bridgewater Associates explained that what the U.S. needs is "broad-based prosperity."

Ray Dalio says the Fed faces a tough balancing act as the economy faces 'enormous amount of debt'

On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global economy.

Binance CEO says crypto exchange saw 40% growth this year in institutional, corporate investors

Cryptocurrency exchange Binance has seen a 40% increase this year in institutional and corporate investors, CEO Richard Teng told CNBC's Lin Lin.

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

The Federal Reserve on Wednesday lowered the federal funds rate to a range between 4.75%-5%.

The Fed forecasts lowering rates by another half point before the year is out

The so-called "dot plot" indicated that 19 FOMC members see the benchmark fed funds rate at 4.4% by the end of this year.

JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns

The move shows how JPMorgan Chase, the biggest American investment bank by revenue, is responding to the latest untimely death on Wall Street.

Point72's Steve Cohen is stepping back from trading his own book

The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point72.

The Fed's biggest interest rate call in years happens Wednesday. Here's what to expect

While markets have made up their mind that the Fed is going to cut, there's a vigorous debate over how far policymakers will go.

Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs

While the talks are early and could falter, the move could mean that the country's largest credit card issuer may be about to grow even larger.

Lawmakers are 'demeaning their role' by trying to influence the Fed, House finance chair says

The chair of the House Financial Services Committee said it was an 'outrage' that some politicians are trying to direct the central bank's rate cuts.

Planning to delay retirement may not rescue you from poor savings

Many people retire earlier than expected due to unforeseen factors like a layoff or poor health.

Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger

A recent report funded by Bank of America revealed that Latinas contributed $1.3 trillion to U.S. GDP in 2021, and some economists think it could be more.
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