The Fed forecasts lowering rates by another half point before the year is out
The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank…
JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns
JPMorgan Chase has created a new global role overseeing all junior bankers in an effort to better manage their workload…
Point72’s Steve Cohen is stepping back from trading his own book
Billionaire investor Steve Cohen is retiring from the trading floor at his hedge fund Point72. The prominent hedge fund investor,…
Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs
Apple is in discussions with JPMorgan Chase for the bank to take over the tech giant’s flagship credit card program…
FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle
The Federal Deposit Insurance Corp. on Tuesday proposed a new rule forcing banks to keep detailed records for customers of…
Stocks often drop in September — but many investors shouldn’t care
September historically hasn’t been kind to stock investors. Since 1926, U.S. large-cap stocks have lost an average 0.9% in September,…
Hedge fund billionaire and Trump donor John Paulson says market would ‘crash’ under Harris tax plans
Hedge fund billionaire John Paulson, who made a name for himself by betting against the housing market during the financial…
Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake
Ajit Jain, Warren Buffett’s insurance chief and top executive, sold more than half of his stake in Berkshire Hathaway, a…
Using ETFs to capture momentum during the market’s wild swings
September is living up to its reputation as a volatile month, and this creates more challenges to the Big Tech…
