‘Bite of these higher rates is gaining traction almost every day,’ KBW CEO Thomas Michaud warns
A major financial services CEO warns the economy hasn’t fully absorbed higher interest rates yet. Thomas Michaud, who runs Stifel…
The Fed forecasts two more hikes in 2023, taking rates as high as 5.6%
The Federal Reserve paused its hiking campaign in June, but forecast it will raise interest rates as high as 5.6%…
Goldman Sachs CEO David Solomon warns of pain ahead for commercial real estate
Goldman Sachs CEO David Solomon said Monday that his bank will disclose markdowns on commercial real estate holdings as the…
JPMorgan bond chief Bob Michele sees worrying echoes of 2008 in market calm
To at least one market veteran, the stock market’s resurgence after a string of bank failures and rapid interest rate…
Crypto is Gen Z’s most common investment. That may be risky, experts said
Cryptocurrency is the most common investment held by Gen Z investors, a trend likely fueled by the cohort growing up…
Citadel’s Ken Griffin says the A.I. community is making a mistake by creating so much hype
Ken Griffin, founder and CEO of Citadel, believes the hype around artificial intelligence could be overblown at this early stage.…
Jamie Dimon, America’s top banker, has ‘no plans’ to run for office
JPMorgan Chase CEO Jamie Dimon has “no plans” to run for office, according to a statement from the bank Monday.…
