News

Fed votes to hold rates steady, notes 'uncertain' impacts from Iran war

The Federal Reserve on Wednesday released its decision in interest rates.

Fed still expects to cut rates once this year despite spiking oil prices

The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.

Here's what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in January.

JPMorgan Chase taps Dwyane Wade, Tom Brady for new athlete wealth management push

JPMorgan's move reflects growing competition among banks and wealth managers to serve athletes, who are increasingly becoming entrepreneurs and investors.

Expectations for the next Fed rate cut get pushed back after hot inflation report

Futures markets took any realistic chance of a cut off the table until at least December.

The Fed issues its latest interest rate decision Wednesday. Here's what to expect

The Federal Reserve has little choice but to stay on the sidelines this week.

Orlando Bravo pushes back on private markets criticism: 'Everybody's extremely comfortable'

Bravo said deep sector expertise is separating winners from losers as artificial intelligence creates disruption across the software industry.

Mastercard says it's acquiring stablecoin startup BVNK in $1.8 billion bet on future of payments

Stablecoin startups have been a hot commodity since the reelection of President Donald Trump in late 2024 ushered in a new era of crypto-friendly regulation.

Apollo's John Zito questions private equity's software valuations: 'All the marks are wrong'

While Wall Street figures have flagged risks in private credit, Apollo's Zito is among the first within private credit to candidly acknowledge weakness.

China talks up oil sufficiency as Trump seeks Beijing's help on securing Hormuz energy route

The statistics bureau said that China's energy supply is "relatively strong," while announcing an uptick in domestic production.

China's factory output and consumption beat forecasts, while property investment contraction slows

Beijing tamped down its GDP growth target this year to a range of 4.5% to 5%, the least ambitious goal on record going back to the early 1990s.

Bitcoin beat the S&P 500, Nasdaq Composite and gold since the start of the Iran war

ProShares' Simeon Hyman is highlighting a bullish bitcoin trend.
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