- Biggest banks planning to sue the Federal Reserve over annual stress testson 24th December 2024 at 12:53 pm
A lawsuit is expected this week and could come as soon as Tuesday morning, a person familiar with the matter said.
- Why the 'great resignation' became the 'great stay,' according to labor economistson 23rd December 2024 at 5:10 pm
Employers have pulled back on hiring and workers are quitting at lower rates following a period of high churn in the U.S. job market.
- How much money does Mariah Carey make from 'All I Want For Christmas Is You'? 'It's a lot,' music expert sayson 23rd December 2024 at 11:24 am
The yuletide anthem makes millions of dollars every year, estimates suggest. The "Queen of Christmas" likely keeps a big chunk of that haul, experts say.
- This country may have the fastest-growing e-commerce sector 'on the planet'on 21st December 2024 at 4:00 pm
EMQQ Global founder Kevin Carter is making a big bet on the world's second-biggest emerging market.
- How the Federal Reserve's rate policy affects mortgageson 21st December 2024 at 1:00 pm
Quantitative tightening at the Federal Reserve may keep upward pressure on 30-year fixed mortgage rates for the foreseeable future.
- CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraudon 20th December 2024 at 7:37 pm
Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to other consumers and businesses.
- Banking app Dave, back from the brink, is this year's biggest gainer among financials with 934% surgeon 20th December 2024 at 5:30 pm
Dave, which makes money by extending loans to cash-strapped Americans, is emblematic of a larger shift that's still in its early stages, analysts say.
- Warren Buffett's Berkshire Hathaway scoops up Occidental and other stocks during sell-offon 20th December 2024 at 4:39 pm
Berkshire Hathaway bought more than $560 million worth of stocks over the last three sessions.
- Chinese self-driving trucking company pivots to generative AI for video gameson 19th December 2024 at 7:26 pm
Chinese autonomous trucking company TuSimple has rebranded to CreateAI, with a focus on video games and animation, the company announced Thursday.
- Wall Street's fear gauge — the VIX — saw second-biggest spike ever on Wednesdayon 19th December 2024 at 2:15 pm
The CBOE Volatility Index (.VIX) surged 74% to close at 27.62, up from around 15 earlier in the day.
- Fed cuts by a quarter point, indicates fewer reductions aheadon 18th December 2024 at 9:36 pm
The Federal Reserve on Wednesday announced its decision on interest rates.
- The Fed sees only two rate cuts in 2025, fewer than previously projectedon 18th December 2024 at 7:41 pm
The so-called dot-plot, which indicates individual members' expectations for rates, showed officials see interest rates falling to 3.9% by the end of 2025.
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