Breaking News: Markets

Fintech giant Revolut appoints new UK boss amid struggles to get banking license

European fintech firm Revolut on Thursday said it appointed former Barclays executive Francesca Carlesi as its new U.K. CEO. Carlesi,…

DoubleLine’s Gundlach says interest rates are going to fall as recession arrives early 2024

DoubleLine Capital CEO Jeffrey Gundlach believes interest rates are about to trend lower as the economy deteriorates further and tips into a…

Fed holds rates steady, upgrades assessment of economic growth

The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor…

Stanley Druckenmiller says government needs to stop spending like ‘drunken sailors,’ cut entitlements

Billionaire investor Stanley Druckenmiller said the federal government has been spending recklessly and failed to issue debt at low rates in past…