News

JPMorgan Chase reaches deal to become Apple credit card issuer, source says

JPMorgan Chase has reached a deal to take over the Apple credit card from Goldman Sachs, according to a source.

JPMorgan's asset management will no longer use controversial proxy advisors for shareholder votes

JPMorgan said it is instead using artificial intelligence to aggregate and analyze proxy data.

Ryan Cohen could be in for a big payday, but he has to grow meme darling GameStop to $100 billion

The board of GameStop granted Cohen performance-based stock options tied to a $100 billion market-capitalization target.

Venezuela could be sitting on a big Bitcoin stash, experts say. Here's what could happen next

Although it's hard to say how much bitcoin could be held by Venezuela, it's likely the regime has amassed considerable holdings of the token, experts said.

Venezuela bonds are the hottest trade on Wall Street this week. But there are big risks from here

Investors are betting that a political transition along with a clearer path to asset recovery could unlock value that has been frozen for nearly a decade.

Michael Burry's big play off the U.S.-Venezuela situation, which the investor has held for years

Burry has owned Valero Energy since 2020, a position he views as increasingly attractive as the U.S. moves toward a deeper role in reviving Venezuela's oil.

JPMorgan forms special advisory group to share some of bank's 'secret sauce' with clients

They're calling the initiative the "Special Advisory Services," which launches today, with Liz Myers, who also serves as the global chair of investment banking, at the helm.

Minneapolis Fed's Kashkari indicates interest rates don't need to be cut much more

In a CNBC interview, he said the key now is whether the Fed should be more focused on the labor market or inflation.

U.S. stocks show little reaction to Trump's extraordinary Venezuela action. Why investors see a bull case

Geopolitical shocks historically have little impact on the stock market, and, additionally, investors do not expect the attack will escalate further.

China decries U.S. action in Venezuela — even as it guards billions at stake

China's immediate priority in the wake of the U.S. attack on Venezuela is to protect economic interests, analysts said.

After a bruising 2025, the Fed faces another slew of challenges in the year ahead

The central bank heads into 2026 facing a slew of political and policy challenges.

Ken Griffin’s flagship hedge fund at Citadel rises 10.2% in volatile 2025

Citadel's flagship multistrategy Wellington fund, its largest, gained 10.2% in 2025, according to a person familiar with the firm's returns.
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