Here are five key takeaways from the Fed's big interest rate decision The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate cut.
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NBA star Kevin Durant can't unlock his Coinbase bitcoin account. His agent is thrilled Houston Rockets star forward Kevin Durant can't access his Coinbase account or the bitcoin held there. His agent says that's a good thing.
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David Tepper says Fed could cut a few more times, but easing too much risks... His comments come after the central bank lowered interest rates by a quarter point Wednesday, while signaling two more reductions are coming this year.
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American Express unveils refreshed Platinum card with $895 annual fee, upping the ante in luxury... American Express' move highlights an arms race of sorts when it comes to catering to wealthy consumers. JPMorgan and Citi released updated or new cards recently.
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Huawei touts 'world’s most powerful' AI chip cluster as Nvidia's China challenges mount The company said it plans to launch the new supercluster as soon as next year.
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Fed approves quarter-point interest rate cut and sees two more coming this year The Federal Reserve on Wednesday released its decision on interest rates and updated its economic projections.
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New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed... Newly confirmed Federal Reserve Governor Stephen Miran dissented from the central bank's decision.
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Fed set to cut rates, but forecast for rest of 2025 is key to markets... While the rate decision is fairly pretty much in the bag, what happens from there is anybody's guess.
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Fed forecasts only one rate cut in 2026, a more conservative outlook than expected The Fed's dot plot, which shows 19 individual members' expectations, indicates a median estimate of 3.4% for the federal funds rate at the end of 2026.
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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 July.
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China keeps tight grip on rare earths, costing at least one company 'millions of euros' The European Chamber of Commerce in China said that after a pickup in rare-earth export license approvals this summer, members have found it harder to get access.
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Workers are 'hugging' their jobs. There's a right way and a wrong way to do... Workers are clinging to their jobs in a frozen labor market. Career experts and economists discuss the best way to approach a job right now.
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Bessent quips about his reported threat to punch Pulte in the face: Treasury secretaries 'have... Bessent's remarks come after recent stories detailed a series of fiery confrontations between him and other Trump allies.
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Here are five fintechs that could be next to IPO after Klarna Klarna's bumper IPO has got investors wondering about which fintech names could be next to go public.
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Consumers love buy now, pay later loans. Here’s why banks and credit card companies are... Buy now, pay later loans pose a direct challenge to credit cards. Banks and financial institutions are also wary of how they affect consumers' credit profiles.
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This is Google Flights' 'No. 1 advice, always' to score cheap airfare Flexibility can often make a "huge difference" for travelers, one expert says. Here's why.
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BlackRock's Rieder the latest candidate to interview in Fed chair search The White House search for the next Federal Reserve chair continues to twist and turn.
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More investors want public and private assets in their portfolio. Now there's a benchmark to... Morningstar announced the Modern Market 100, the first framework to combine public and private equity exposure in one index.
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'Bottom of the first inning.' Winklevoss twins see bitcoin reaching $1,000,000 in 10 years The Winklevoss twins are expecting their cryptocurrency company Gemini Space Station to soon make its public debut.
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China warns Mexico to 'think twice' before raising tariffs, threatens countermeasures In the ongoing trade tensions with the U.S., China's countermeasures have included restrictions on exports of minerals critical to the production of cars.
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Fintech firm Lendbuzz files for IPO Lendbuzz is aiming to go public amid a wave of fellow fintech companies.
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Financial CEOs are weighing in on the state of the economy CEOs this week on CNBC weighed in on the health of the economy amid economic uncertainty and a Bureau of Labor Statistics report revising down job numbers.
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Klarna stock jumps 15% in NYSE debut after pricing IPO above range Klarna closed at $45.82 a share on Tuesday, valuing the company at over $17 billion.
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Wells Fargo CEO says Trump is entitled to be vocal about the Fed Wells Fargo CEO Charlie Scharf said he "absolutely" supports the Federal Reserve's independence, but that the president is free to discuss interest rates.
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Klarna prices IPO at $40, above online lender's expected range Klarna priced its IPO at $40 a share, an offering that values the company at about $15 billion.
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Uber partners with fintech firm Pipe to offer capital to small businesses Uber is partnering with fintech firm Pipe to incorporate embedded technology in the Uber Eats Manager for small businesses to access capital.
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Wells Fargo CEO sees 'more downside' to U.S. economy as lower-income consumers struggle Wells Fargo CEO Charles Scharf commented on the state of the economy the day after JPMorgan Chase CEO Jamie Dimon said jobs data shows the economy is weakening.
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JPMorgan CEO Jamie Dimon says the economy 'is weakening' Labor Department data showing the U.S. added fewer jobs than thought confirm the world's biggest economy is slowing down says JPMorgan Chase CEO Jamie Dimon.
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ACA cliff may mean 'huge premium shock' for 22 million people in 2026, expert says Enhanced subsidies that have reduced Affordable Care Act insurance premiums since 2021 are set to expire next year unless Congress intervenes.
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Record share of U.S. businesses divert China investments. Top choice: Southeast Asia Southeast Asia remained the most popular destination for redirected investments, followed by the Indian subcontinent.
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