News

Jamie Dimon says geopolitical risks are surging: 'Conditions are treacherous and getting worse'

JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East.

Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income

The San Francisco-based lender posted $11.69 billion in net interest income, a 11% decrease from the same quarter last year.

JPMorgan Chase is set to report third-quarter earnings – here's what the Street expects

JPMorgan will be watched closely for clues on how banks are faring at the start of the Federal Reserve's easing cycle.

Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently

Warren Buffett's Berkshire Hathaway cut its stake in Bank of America below an important level.

The Fed is finally cutting rates, but banks aren't in the clear just yet

When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many banks.

Here's the inflation breakdown for September 2024 — in one chart

Inflation fell in September as gasoline prices declined and housing inflation moderated, according to the consumer price index.

7-Eleven's parent company cuts full-year earnings forecast, presses ahead with restructuring

The news comes as the Japanese retail group resists a takeover attempt by Canada's Alimentation Couche-Tard.

Ripple launches crypto storage services for banks in bid to diversify

Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens — as part of a broader push into crypto custody.

Fed officials were divided on whether to cut rates by half a point in September, minutes show

The Federal Reserve on Wednesday releases minutes from its Sept. 17-18 policy meeting.

Life spans are growing but 'health spans' are shrinking. What that means for your money

Older Americans are spending more years with chronic ailments, which often come with higher medical bills, experts said.

HSBC exec says there's a lot of AI 'success theater' happening in finance

Some financial services firms are making bold statements about AI but not seeing tangible results, according to HSBC's head of generative AI.

China's Golden Week holiday signals persistent consumer caution

China's Golden Week holiday affirmed a trend in more cautious spending, while consumers put greater emphasis on experiences.
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