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…
Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholder
Warren Buffett’s Berkshire Hathaway offloaded another chunk of Bank of America shares, bringing its total sales to more than $7…
Here’s why September and October are historically weak for stocks
Why are September and October historically weak for stocks? For answers, I turned to Mark Higgins, senior vice president at Index…
Economic ‘misery index’ that’s predicted every election winner since 1980 looking good for Harris, but it’s close
A gauge of economic misery that has a strong track record of predicting elections is tilting toward a Kamala Harris…
JPMorgan Chase shares drop 5% after bank tempers guidance on interest income and expenses
JPMorgan Chase shares fell 5% on Tuesday after the bank’s president told analysts that expectations for net interest income and…
Federal Reserve unveils toned-down banking regulations in victory for Wall Street
A top Federal Reserve official on Tuesday unveiled changes to a proposed set of U.S. banking regulations that roughly cuts…
