News

Why that ‘last mile’ of the inflation fight may be more challenging

The final stretch of disinflation before hitting the Federal Reserve's 2% target may not be so easy, some economists believe.

Trump's proposed 10% tariff plan would 'shake up every asset class,' strategist says

Donald Trump's proposed 10% tariff increase on all U.S. imports "shakes up every asset class," according to Rabobank's Michael Every.

'We have scouts all over the world': Former NBA All-Star Danny Ainge takes a money shot for global talent

Utah Jazz CEO Danny Ainge seeks to capitalize on heightened international interest in the NBA.

Spot bitcoin ETFs are taking Wall Street by storm. Experts say options are next

Options on newly minted spot bitcoin ETFs could help investors manage risk and open the door to more institutional traders, according to experts.

New Morgan Stanley CEO is 'super bullish' on hitting financial targets

The pivot to wealth management boosted Morgan Stanley's valuation beyond rivals including Goldman Sachs, but more recently growth concerns have stymied shares.

Deutsche Bank CEO says acquisitions not a 'priority' as Commerzbank rumors swirl

Deutsche Bank CEO Christian Sewing said that merger and acquisition activity is not a priority, as speculation resurfaces over the future of rival Commerzbank.

Barclays CEO says difference in Labour and Conservative economic policy is 'fairly minimal'

The difference between the Conservatives and Labour on economic policy is "fairly minimal," Barclays CEO C.S. Venkatakrishnan said Thursday.

Jamie Dimon praises Trump, warns MAGA criticism could hurt Biden

Jamie Dimon admonished Democrats to be "more respectful" toward Donald Trump's "MAGA" supporters, or else risk hurting President Joe Biden's reelection bid.

Jamie Dimon warns 'all these very powerful forces' will impact U.S. economy in 2024 and 2025

Dimon has remained cautious over the past few years, despite record profits at JPMorgan Chase and a U.S. economy that has defied expectations.

AI era is a 'seismic moment' in tech we've not seen in a decade, top Meta exec says

Nicola Mendelsohn, head of global business group at Meta, reflected on her outlook for artificial intelligence in 2024.

UBS CEO says Swiss public 'indoctrinated' to worry about bank's balance sheet

UBS CEO Sergio Ermotti on Wednesday said people with concerns about the size of the bank's balance sheet "are getting indoctrinated" by academics.

UK inflation rate surprises with rise to 4%, led by alcohol and tobacco

U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December.
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