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Banking app Dave, back from the brink, is this year’s biggest gainer among financials with 934% surge
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.Read More...
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.Read More...
Warren Buffett’s Berkshire Hathaway scoops up Occidental and other stocks during sell-off
Berkshire Hathaway bought over $560 million worth of stocks over the last three sessions.Read More...
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.Read More...
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.Read More...
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.Read More...
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