The rule capping credit card late fees at $8 is on hold — here’s what it means for you
The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule…
Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86
Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in…
Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending…
CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze
A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards…
Robinhood climbs after reporting record earnings for first quarter
Shares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results. Robinhood reported net…
HD Hyundai Marine Solution doubles in South Korea’s largest IPO since January 2022
Shares of maintenance and repair firm HD Hyundai Marine Solution nearly doubled in their trading debut Wednesday, marking a strong…
Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term
Billionaire investor Stanley Druckenmiller revealed Tuesday that he slashed his big bet in chipmaker Nvidia earlier this year, saying the swift…
Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending
Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder…
Buffett says Berkshire sold its entire Paramount stake: ‘We lost quite a bit of money’
OMAHA, Neb. — Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss. “I was 100%…
