Finance

Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit

LONDON — The boss of British financial technology giant Revolut told CNBC he is optimistic about the company’s chances of…

Citadel’s Ken Griffin says he’s not convinced that AI will replace human jobs in the near future

Ken Griffin, founder and CEO of Citadel, said he remains skeptical that artificial intelligence could soon make human jobs obsolete…

Is the U.S. stock market too ‘concentrated’? Here’s what to know

The U.S. stock market has become dominated by about a handful of companies in recent years. Some experts question whether…

Chewy shares fall nearly 7% as the boost from Roaring Kitty’s new stake diminishes

The rally in Chewy shares lost steam Monday as traders reacted to a Securities and Exchange Commission filing that showed…

Growth, value stocks could see boost from Russell rebalancing

A bullish move may be ahead for both value and growth in the year’s second half. VettaFi’s Todd Rosenbluth thinks…

JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps

JPMorgan Chase and Morgan Stanley said Friday that they were boosting both dividend payouts and share repurchases, while rivals Citigroup…