Fed Governor Lisa Cook sees tariffs raising inflation and complicating rate policy Cook expressed concern Tuesday with the progress on inflation, saying recent lower readings could reverse.
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Klarna takes on banks with debit card as it diversifies beyond buy now, pay later The Swedish fintech has been trying to shift its image from "buy now, pay later" poster child to a more all-encompassing banking player.
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'Fantasy math' masks tax bill's U.S. debt impact, GOP lawmaker said. What the deficit means... The "One Big Beautiful Bill Act" would raise U.S. debt by more than $3 trillion over a decade, research finds, likely impacting consumer loans and bond prices.
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Investors are piling into big, short Treasury bets alongside Warren Buffett Investors are staying as short as possible with their fixed-income investments. ETF experts explain why the bond market is bearish on longer maturities.
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JPMorgan hired NOAA's chief scientist to advise clients on navigating climate change Last year, JPMorgan hired Sarah Kapnick as the bank's chief climate scientist. She's now advising clients on how climate change will impact their investments.
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This is why Jamie Dimon is always so gloomy on the economy JPMorgan Chase CEO Jamie Dimon has regularly warned that the U.S. economy faces perils, but even as he sounds the alarm, his bank is doing better than ever.
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U.S.-China talks 'a bit stalled' and need Trump and Xi to weigh in, Treasury Secretary... U.S.-China trade talks are "a bit stalled," requiring the two countries' leaders to speak directly, Treasury Secretary Scott Bessent told Fox News.
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Trump tariffs would still 'pinch' consumers even if trade court block holds, economist says Tariffs on automobiles, steel and aluminum would cost households nearly $1,000 this year, on average, even if country-specific duties are blocked in court.
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China’s EV price war is heating up. What’s behind the big discounts? China's electric car market is getting even more competitive, with significant consequences for the domestic economy and even the global auto market.
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GameStop drops nearly 11% despite initiating bitcoin buying plan with $500 million purchase The purchase, GameStop's first investment in bitcoin, was worth $512.6 million with bitcoin's price of $108,837 Wednesday.
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Fed worried it could face 'difficult tradeoffs' if tariffs reaggravate inflation, minutes show Officials were concerned that tariffs could aggravate inflation and create a difficult quandary with interest rate policy.
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Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud Palantir CEO Alex Karp said the checks can be done in a way that "protects the underlying data and protects the privacy of the people submitting their forms."
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Fewer international tourists are visiting the U.S. — economic losses could be 'staggering,' researchers estimate International tourists are rethinking the U.S. as a travel destination amid tensions tied to trade and border policy.
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Goldman-backed Starling Bank reports 26% profit drop as it flags Covid loan fraud issue British neobank Starling posted an annual profit before tax of £223.4 million, down nearly 26% year-on-year.
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JPMorgan Chase is heading upmarket to woo America’s millionaires The new locations, dubbed J.P. Morgan Financial Centers, have a feel and earth-tone color palette that sets them apart from the nearly 5,000 Chase branches.
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European businesses have never been this gloomy about China An annual survey of European companies in China found record lows across several metrics due to slower growth and geopolitical worries.
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The West is recycling rare earths to escape China’s grip — but it’s not enough China is tightening its grip on the global supply of key minerals that are needed in every car, particularly electric vehicle motors.
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Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion One Chinese baby products company announced it is officially entering the United States, the world's largest consumer market — regardless of the trade war.
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Xiaomi takes aim at Tesla's bestselling car in China with its longer-range YU7 Xiaomi late on Thursday revealed its YU7 SUV and claimed it would have a driving range of at least 760 kilometers (472 miles) on a single charge.
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House Republican tax bill favors the rich — how much they stand to gain, and... A tax and spending package passed by House Republicans funnels most of its financial benefits to the rich and leaves many low earners worse off.
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Goolsbee says Fed now has to wait longer before moving rates because of trade policy... The central bank official indicated that while he still sees the direction of rates being lower, the Fed likely will be on hold.
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Personal finance app Monarch raises $75 million despite 'nuclear winter' for fintech startups Monarch aims to provide an all-in-one mobile app for tracking spending, investments and money goals.
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Ray Dalio says to fear the bond market as deficit becomes critical The billionaire investor is not hopeful politicians will be able to reconcile their differences and lessen the country's debt load.
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Dealmaking rebounds after Trump's tariffs cut off a budding M&A boom The pace of mergers and acquisitisons is picking up this month, with more than 300 deals announced as of May 20, collectively valued at more than $120 billion.
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China’s Xiaomi claims new phone chip rivals Apple at a cheaper price Chinese smartphone company Xiaomi is taking on Apple’s iPhone with an advanced chip and cheaper phone.
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JPMorgan CEO Jamie Dimon says markets are too complacent on tariffs, expects S&P 500 earnings... JPMorgan Chase CEO Jamie Dimon said markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions.
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Klarna doubles losses in first quarter as IPO remains on hold Klarna said its net loss for the first three months of 2025 totalled $99 million, up 110% from a year ago.
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UK clamps down on 'wild west' of buy now, pay later sector with new rules Buy now, pay later plans are set to face regulation in the U.K. after the government laid out proposals to bring the short-term loans under formal rules.
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China's retail sales disappoint as stimulus fails to spur demand; industrial output defies tariffs Industrial output grew 6.1% in April, stronger than analysts' expectations for a 5.5% rise, indicating the impact from U.S. tariffs was not particularly pronounced.
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Long-term care costs can be a 'huge problem,' experts say. Here's why Long-term care can cost well over $100,000 but households aren't prepared, experts say.
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