News

Jamie Dimon rips central banks for being '100% dead wrong' on economic forecasts

"Prepare for possibilities and probabilities, not calling one course of action, since I've never seen anyone call it," Dimon said in Saudi Arabia.

Barclays narrowly beats profit forecasts on strong consumer, credit card business

Barclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in its consumer and credit cards businesses.

Say goodbye to retirement? A 'soft saving' trend is emerging among young people

Generation Z is leading the "soft saving" trend, a new financial approach that prioritizes personal growth and mental wellness over aggressive saving goals.

Big banks are done reporting earnings. Here’s how our financial names performed against peers

Some businesses performed better than others. However, none of them has been rewarded with higher stock prices — yet.

The 'No. 1 question' Ark Invest’s Cathie Wood gets on her website

The most popular question on Ark Invest’s website has nothing to do with investing in the U.S., according to the firm’s CEO Cathie Wood.

Regional bank shares slump as lenders warn of more pain from higher interest rates

Several weak quarterly earnings reports highlighting the negative effect of higher interest rates soured investor sentiment on the industry.

Coinbase is 'confident' a U.S. bitcoin ETF will be approved after SEC's court defeat

Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the Securities and Exchange Commission, its chief legal officer told CNBC.

After blockbuster Microsoft deal, gaming giants are still sitting on $45 billion cash hoard

Activision Blizzard, Electronic Arts and other public gaming firms hold $45.1 billion in cash and cash equivalents, according to venture capital firm Konvoy.

Turbine troubles have sent wind energy stocks tumbling — and a slew of issues remain

As the biggest players in wind energy gear up to report quarterly earnings, supply chain issues and reliability concerns are front and center.

Powell says inflation is still too high and lower economic growth is likely needed to bring it down

Powell hinted the labor market and economic growth may need to slow to ultimately achieve the Fed's goal.

A $7.40 fee could ruin your next trip to Europe. Miss it and 'you won't board the plane,’ expert says

Americans visiting Europe will soon need to apply and pay a fee for a travel authorization. The requirement is slated to start next year.

Big banks are quietly cutting thousands of employees, and more layoffs are coming

Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper cuts.
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