This country may have the fastest-growing e-commerce sector 'on the planet' EMQQ Global founder Kevin Carter is making a big bet on the world's second-biggest emerging market.
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How the Federal Reserve's rate policy affects mortgages Quantitative tightening at the Federal Reserve may keep upward pressure on 30-year fixed mortgage rates for the foreseeable future.
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CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud 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.
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Banking app Dave, back from the brink, is this year's biggest gainer among financials with... 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.
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Warren Buffett's Berkshire Hathaway scoops up Occidental and other stocks during sell-off Berkshire Hathaway bought more than $560 million worth of stocks over the last three sessions.
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Chinese self-driving trucking company pivots to generative AI for video games Chinese autonomous trucking company TuSimple has rebranded to CreateAI, with a focus on video games and animation, the company announced Thursday.
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Wall Street's fear gauge — the VIX — saw second-biggest spike ever on Wednesday The CBOE Volatility Index (.VIX) surged 74% to close at 27.62, up from around 15 earlier in the day.
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Fed cuts by a quarter point, indicates fewer reductions ahead The Federal Reserve on Wednesday announced its decision on interest rates.
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The Fed sees only two rate cuts in 2025, fewer than previously projected 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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Here's what changed in the new Fed statement This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in November.
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UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit Investors are watching whether UniCredit will proceed with a takeover venture of Germany's Commerzbank or Italian peer Banco BPM.
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Why the Dow is in such a historic funk and how concerned you should be There are many reasons to believe the Dow's historic losing streak is not a source for major concerns.
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ETFs will soon beat mutual funds among financial advisor holdings, report finds Advisors estimate they will hold more client assets with exchange-traded funds than mutual funds by 2026, according to Cerulli Associates.
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Why new retirees may need to rethink the 4% rule Investors may need to lower their first-year retirement withdrawals due to lower expectations for long-term stock, bond and cash returns, Morningstar said.
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MicroStrategy gives back earlier gains following bitcoin proxy's inclusion in Nasdaq-100 index and 'QQQ' ETF Shares of MicroStrategy were higher Monday after Nasdaq announced the bitcoin proxy will join the tech-heavy Nasdaq-100 index.
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Invesco launches ETF to maximize on the tech concentration craze Invesco launched an exchange-traded fund designed to give investors exposure to the top 45% of companies in the Nasdaq-100 Index.
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You don’t need to be a ‘Silicon Valley entrepreneur' to be rich, financial advisor says.... Almost anyone can build a nest egg of $1 million or more, especially if they start saving early.
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China ramps up Wall Street meetings as Trump inauguration looms Chinese Vice Premier He Lifeng has met with several U.S. finance executives as Beijing seeks to build relationships in the face of rising bilateral tensions.
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CFPB announces rule limiting bank overdraft fees; trade group sues in response The CFPB says the rule will save American consumers $5 billion annually.
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Flushing Financial seeks to raise $70 million to shore up capital as it unloads underwater... Banks with commercial real estate exposure have struggled after the Federal Reserve hiked interest rates through 2023, leaving them with unrealized losses.
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Trump says he’s not going to make any stock market predictions in case there’s a... "I don't want to get into a situation where they do and we have a dip or something because that can always happen," Trump said.
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Here’s the inflation breakdown for November 2024 — in one chart Increases in prices for groceries and gasoline outweighed disinflation in categories such as shelter, according to the consumer price index.
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If Trump adds tariffs, 'either way, there is a cost to consumers,' economist says President-elect Donald Trump's tariff plan is expected to raise costs, especially for low and middle earners, experts said. But the scope of tariffs is unclear.
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Amazon is bringing Intuit QuickBooks software to its millions of third-party sellers Amazon's marketplace sellers will be able to bring their sales and inventory data into Intuit QuickBooks through a new integration.
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'Low-hire, low-fire': The U.S. job market is stagnant right now, economists say The labor market is not nearly as dynamic as it was in 2021 and 2022. That provides both good and bad news for workers.
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Treasury Department may fine small businesses $10,000 or more if they don't file this new... The Corporate Transparency Act requires many businesses to file data about their "beneficial owners" by Jan. 1. But the rule is being challenged in court.
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AI's growth is just getting started, BlackRock's thematic ETF head says BlackRock's Jay Jacobs expects infrastructure and cybersecurity plays to shine in 2025. He cites the artificial intelligence boom as a major catalyst.
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'This was preventable’: Corporate world shudders at new risks after slaying of UnitedHealthcare CEO Threats against corporations have been rising for years, fueled in part by the echo chamber of social media and an increasingly polarized political environment.
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CFPB sues Comerica Bank, alleging it failed to administer federal benefits program The Consumer Financial Protection Bureau accused the bank of intentionally terminating calls and mishandling fraud complaints.
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