News

Fed holds rates steady, takes less confident view on inflation

The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy.

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 December.

Trump Media surges after expansion into financial services including crypto and ETFs

The company said it expects to launch products and services under the Truth.Fi brand, including its own investment vehicles, later this year.

The Fed meets for the first time since Trump's term started. Here's what to expect

If virtually every indication so far is accurate, the new leader of the free world is unlikely to get what he wants, at least not yet.

Steve Cohen says AI will be decades-long theme, but Monday proves it won't be a 'straight line'

Cohen said the AI boom could see ups and downs and the lack of accurate information could exacerbate volatility around AI-related investments.

Elon Musk’s X begins its push into financial services with Visa deal

Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like Zelle or Venmo.

Italy's Mediobanca rejects Monte dei Paschi's 'destructive' 13-billion-euro takeover bid

Tuscany's bailed-out Monte dei Paschi had unexpectedly launched a 13-billion-euro all-share takeover proposal for Mediobanca.

Nvidia is rebounding after biggest market cap loss in history, but it's a fragile bounce

The chipmaker rose after plunging 17% on Monday.

HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.

Back in October, the bank unveiled plans for a new geographic setup and set out to consolidate its operations into four business units.

How the buzz around Chinese AI model DeepSeek sparked a massive Nasdaq sell-off

DeepSeek's emergence is shaking up investor confidence of the AI story that has been lifting the U.S. bull market in the past two years.

Chinese AI applications now have bigger aims — they're looking beyond chatbots

A slew of releases in the last week demonstrate how Chinese companies have moved quickly with AI models that compete with OpenAI's ChatGPT.

American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z

The pickup was especially fueled by millennials and Gen Z users, who spent more on experiences like travel and entertainment.
1 45 46 47 48 49 199