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Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’
The Bureau of Labor Statistics reported hotter-than-expected growth in the U.S. consumer price index, forcing markets to recalibrate rate expectations.Read More...
Watch Fed Chair Powell speak live before House Financial Services Committee
Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy.Read More...
The New York Stock Exchange is launching an exchange in Texas
The NYSE Chicago will reincorporate in Texas and be renamed NYSE Texas.Read More...
Warren Buffett’s Berkshire buys more Occidental after 30% sell-off from record high
The Omaha, Nebraska-based conglomerate scooped up 763,000 shares of the Houston-based oil and gas producer on Friday for $35.7 million, according to a filing.Read More...
Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal
Zelle said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier.Read More...
Fintech unicorn Zepz to lay off 20% of its global workforce, sources say
London-based fintech Zepz is laying off around 200 IT workers as part of a major redundancy plan, two employees impacted by the move told CNBC.Read More...
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