David Tepper says the Fed has to cut rates at least two or three more times to keep credibility
Appaloosa Management’s David Tepper said investors should believe the Federal Reserve when it says it will lower interest rates because…
Nvidia shares pop as CEO may be done selling shares after hitting preset plan limit
Nvidia CEO Jensen Huang is done selling the chipmaker’s stock for the time being, cashing in more than $700 million…
Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’
The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly…
Billionaires poured millions of dollars into presidential super PACs in August
The nation’s wealthy opened their wallets in August with a focus on election season, donating millions to the super PACs…
Why this top fund manager says the best investment this year is ‘the hedge against political cycles’
A major exchange-traded fund and mutual fund manager finds the winning gold trade isn’t talked about as much as the…
American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say
American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer Barclays from a partnership…
The Fed forecasts lowering rates by another half point before the year is out
The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank…
JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns
JPMorgan Chase has created a new global role overseeing all junior bankers in an effort to better manage their workload…
Point72’s Steve Cohen is stepping back from trading his own book
Billionaire investor Steve Cohen is retiring from the trading floor at his hedge fund Point72. The prominent hedge fund investor,…
