Paramount pops after Buffett’s favorite banker makes ‘interesting’ bet in media giant’s key shareholder
Paramount Global shares jumped nearly 6% on Friday after an investor known as Warren Buffett’s favorite banker piled into the…
Here’s what to watch out for in Friday’s jobs report for May
Watching the monthly jobs reports this year has been something of a waiting exercise, with economists and market participants looking…
Biden, GOP reach debt-ceiling deal, now Congress must approve it to prevent calamitous default
An “agreement in principle” between President Joe Biden and House Speaker Kevin McCarthy would raise the nation’s legal debt ceiling,…
JPMorgan Chase cut about 500 jobs this week, including technology and operations roles
JPMorgan Chase cut about 500 positions this week, mostly among technology and operations groups, according to people with knowledge of…
Republicans criticize McCarthy, Biden debt ceiling deal
After tough negotiations to reach a tentative deal with the White House on the U.S. borrowing limit, the next challenge…
Debt ceiling deal will be ‘transformational’ for Americans, McCarthy says
House Speaker Kevin McCarthy said Sunday that the tentative deal House Republicans have reached with the White House to address…
Consumers are starting to fire up China’s pandemic-battered economy, two ETF experts find
China’s pandemic-battered economy is starting to see consumers open their wallets wider, according to KraneShares’ Brendan Ahern. “We’re seeing the…
Biden, McCarthy reach final deal to prevent default, now must sell to Congress
With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final…
Major central banks were expected to pause rate hikes soon. Now it’s not so clear cut
The market has long been pricing in interest rate cuts from major central banks toward the end of 2023, but…
