business news

JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed

JPMorgan Chase said late Wednesday that the Federal Reserve overestimated a key measure of income in the giant bank’s recent…

Troops and armored vehicles disperse as Bolivia arrests army chief leading coup attempt

Bolivian forces have arrested the general accused of attempting a coup against the country’s government on Wednesday, crowning an hours-long…

‘A disastrous event’: All-out war between Israel and Hezbollah could devastate both sides

The near-daily exchanges of fire along Lebanon’s border with northern Israel have intensified at an alarming rate in recent weeks,…

Biden Cabinet officials roll out new plans to cut costs of living ahead of Trump debate

President Joe Biden’s Cabinet will wrap up a barnstorming tour Thursday after two weeks on the road, touting the administration’s…

Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn

The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe…

Trump Media closes up nearly 8%, continuing post-sell-off rally

Shares of Trump Media & Technology Group closed up nearly 8% on Wednesday, adding to the stock’s post-sell-off rally. The…

Crypto industry super PAC is 33-2 in primaries, with $100 million for House, Senate races

WASHINGTON — A super PAC bankrolled by top cryptocurrency companies notched several wins Tuesday night in congressional primaries, the latest…

Morgan Stanley wealth advisors are about to get an OpenAI-powered assistant to do their grunt work

Morgan Stanley is pushing further into its adoption of artificial intelligence with a new assistant that is expected to take…