Finance

The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy as it examines what is likely to be a bumpy political and economic landscape ahead. In a widely anticipated move, the central bank’s Federal Open Market Committee left unchanged its overnight borrowing rate in a range between

In this article .BBKA Follow your favorite stocksCREATE FREE ACCOUNT Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K.  Mike Kemp | In Pictures | Getty Images Germany’s largest lender Deutsche Bank on Thursday reported weaker-than-expected profit that fell sharply in the last three months of 2024, as legal

Federal Reserve Chair Jerome Powell said Wednesday he has not spoken to President Donald Trump since the newly inaugurated president told business leaders he would demand the central bank lower interest rates. Speaking after the Fed’s decision to hold interest rates steady, Powell said he has had “no contact” with the president since Trump’s remarks

In this article DJT Follow your favorite stocksCREATE FREE ACCOUNT This illustration shows an image of President-elect Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, D.C., on Feb. 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media and Technology Group is expanding into financial services,

Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. CNBC MIAMI BEACH, Fla. — Billionaire investor Steve Cohen is standing by his long-term bullish view of artificial intelligence despite the wild volatility recently, saying the transformational shift could take decades to realize. “This is a 10- to 20-year theme. It’s

US Federal Reserve Chairman Jerome Powell speaks at a press conference after the Monetary Policy Committee meeting in Washington, DC, on December 18, 2024.  Andrew Caballero-Reynolds | AFP | Getty Images The Federal Reserve gathers this week for the first time in the second presidential term of Donald Trump, who has already signaled that he

In this article V Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk’s social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by Visa. X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X

Dado Ruvic | Reuters A young Chinese AI startup, DeepSeek, sparked a massive rout in U.S. technology stocks Monday as its highly competitive — and potentially shockingly cost-effective — models stoked doubts about the hundreds of billions of dollars that America’s biggest tech companies are spending on artificial intelligence. DeepSeek’s emergence is shaking up investor

The World Artificial Intelligence Conference in Shanghai on July 6, 2023. Aly Song | Reuters BEIJING — A slew of releases last week demonstrate how Chinese companies such as DeepSeek and ByteDance have moved quickly with artificial intelligence models that compete with OpenAI’s ChatGPT. Now, many companies in China are increasingly building on that foundation

U.S. President Donald Trump meets China’s President Xi Jinping at the start of their bilateral meeting at the G20 summit in Osaka, Japan, on June 29, 2019. Kevin Lemarque | Reuters BEIJING — China is emphasizing its willingness to negotiate as increased tariffs on exports to the United States may soon become a reality. U.S.

D3sign | Moment | Getty Images There’s an important lesson for investors in Vanguard Group’s recent $106 million settlement with the Securities and Exchange Commission over its target-date funds: Being mindful of your investment account type can save you from a big tax bill in certain cases. Vanguard, the largest target-date fund manager, agreed to

Sally Anscombe | Getty Images Entrepreneur Eric Malka had to completely shift his mindset when he sold his company and became an investor. Since then he’s learned many lessons he’s now passing to his kids. When The Art of Shaving — which Malka and his wife Myriam Zaoui founded in 1996 — was bought by

Photographer | Collection | Getty Images Italy’s bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro ($13.95 billion) all-share takeover offer for larger domestic peer Mediobanca. Shares of Monte dei Paschi (MPS) were down 7.97% at 11:39 a.m. London time, with Mediobanca up 6.28%. Offering 23 of its shares for 10

In this article AXP Follow your favorite stocksCREATE FREE ACCOUNT Silas Stein | Picture Alliance | Getty Images American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing from

In this article JPM CSCO NDAQ PINS Follow your favorite stocksCREATE FREE ACCOUNT Three buzz words this year among politicians and business leaders at the World Economic Forum’s annual meeting in Davos Switzerland: diversity, equity and inclusion. It’s no surprise DEI is on corporate leaders’ minds since it’s been front and center at the White

In this article EBIT.U-CA Follow your favorite stocksCREATE FREE ACCOUNT A major exchange-traded fund provider is trying to take the volatility out of bitcoin investing. Calamos Investments launched the Calamos Bitcoin Structured Alt Protection ETF (CBOJ) on Wednesday. The firm brands it as “the world’s first downside protected bitcoin ETF.” It is built with risk-adverse

In this article BAC JPM Follow your favorite stocksCREATE FREE ACCOUNT US president Donald Trump appears on a giant screen as he adresses Donald Trump global elites via video conference at the World Economic Forum in Davos on January 23, 2025.  Fabrice Coffrini | Afp | Getty Images President Donald Trump on Thursday accused the

In this article BLK Follow your favorite stocksCREATE FREE ACCOUNT BlackRock CEO Larry Fink said President Donald Trump’s efforts to unleash capital in the private sector could have unintended consequences that would hurt the stock market. “I’m cautiously optimistic. That being said, I have scenarios where it could be pretty bad,” Fink said on CNBC’s “Squawk

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — A record share of U.S. companies in China are accelerating their plans to relocate manufacturing or sourcing, according to a business survey released Thursday. About

In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT The crypto market will see a new all-time high in 2025 on the back of positive regulatory movements in the U.S. under newly inaugurated President Donald Trump, the CEO of Binance told CNBC Tuesday. Richard Teng, who took the reins from former Binance boss Changpeng