JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
JPMorgan Chase said Friday that fourth-quarter profit declined after paying a $2.9 billion fee tied to the government seizures of…
Coinbase, Robinhood shares are lower despite bitcoin ETF approval
Shares of Coinbase and Robinhood were lower Thursday as traders weigh how the approval of bitcoin exchange-traded funds in the…
Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed
Citigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank’s…
Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows
Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail…
UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%
The fintech industry saw more pain in 2023, with overall investment falling by half as higher interest rates and worsening…
Cryptocurrency investors eagerly awaiting SEC ruling on bitcoin ETFs
Crypto investors are eagerly awaiting an imminent ruling from the U.S. Securities and Exchange Commission that will likely approve the…
Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note
The unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data…
5 things to know before the stock market opens Friday
Here are the most important news items that investors need to start their trading day: A stellar run for U.S.…
Cliff Asness’ AQR Absolute Return fund gains 18.5% in 2023, boosted by value picks
Cliff Asness’ longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees, according to a person…
Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500
Billionaire investor Ken Griffin’s various hedge fund strategies at Citadel all posted double-digit returns for 2023, but they failed to beat…
