Bank investors bet on looser regulation under Trump. They are starting to see it
The first domino has fallen in the Trump administration’s bid to loosen regulations on Wall Street’s biggest banks. The Federal…
Personal Finance Tips, Financial News & Wealth Building Insights
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How the Republican megabill targets immigrant finances
Senate Majority Leader John Thune (R-SD) speaks to reporters at Capitol Hill on June 24, 2025 in Washington.Tasos Katopodis |…
Zohran Mamdani’s victory in NYC mayoral primary leaves Wall Street ‘alarmed’ and ‘depressed’
To say Wall Street isn’t a fan of Zohran Mamdani would be an understatement.In fact, high-profile investors and business leaders…
China’s fintech giant Ant doubles down on health care with new AI app — and it wants it to go global
Alibaba-affiliate Ant Group released a new AI-powered healthcare app on June 26, 2025.Ant GroupBEIJING — Alibaba-affiliate Ant Group is doubling…
China urges Beijing-backed development bank to focus more on Belt and Road Initiative
Chinese Premier Li Qiang spoke at the opening ceremony of the ASEAN-China-GCC Economic Forum in Kuala Lumpur, Malaysia, on May…
China’s Li urges not to turn trade into a political or security issue
Chinese Premier Li Qiang delivers a speech during the opening ceremony of the World Economic Forum Annual Meeting of the…
Watch Fed Chair Powell testify live on interest rate policy before House committee
[The stream is slated to start at 10a.m. ET. Please refresh the page if you do not see a player…
Fed Chair Powell speaks on Capitol Hill this week with politics front and center
Federal Reserve Chairman Jerome Powell speaks at a news conference on June 18, 2025, in Washington DC, United States. Yasin…
Why electricity prices are surging for U.S. households
Kilito Chan | Moment | Getty ImagesElectricity prices are rising quickly for U.S. households, even as overall inflation has cooled.Electricity…
Fed Governor Waller says central bank could cut rates as early as July
Federal Reserve Governor Christopher Waller said Friday that he doesn’t expect tariffs to boost inflation significantly so policymakers should be…
AI avatars in China just proved they are ace influencers. It only took a duo 7 hours to rake in more than $7 million
Chinese influencer Luo Yonghao and co-host Xiao Mu tried out livestreaming on Sunday, June 15, 2025, using interactive digital avatars…
Labubu-maker’s shares slump as Chinese state media calls for stricter regulation, Morgan Stanley trims interest
Customers browse a POP MART display filled with Labubu characters and collectible figures from The Monsters series on June 16,…
AI avatars in China just proved they are better influencers. It only took a duo 7 hours to rake in more than $7 million
Chinese influencer Luo Yonghao and co-host Xiao Mu tried out livestreaming on Sunday, June 15, 2025, using interactive digital avatars…
Fed holds key rate steady, still sees two more cuts this year
WASHINGTON – The Federal Reserve on Wednesday kept interest rates steady amid expectations of higher inflation and lower economic growth…
Fed sees its preferred inflation gauge topping 3% this year, higher than previous forecast
U.S. Federal Reserve Chair Jerome Powell speaks during a conference marking the 75th anniversary of the International Finance Division of…
JPMorgan Chase unveils new Sapphire Reserve card perks and $795 annual fee
The Chase Sapphire Lounge at LaGuardia Airport, accessible only to Sapphire Reserve customers.Benji Stawski / CNBCJPMorgan Chase is betting that…
Why aren’t Chinese consumers spending enough money?
Customers look at clothes advertising discounts of 80% or 70% in a supermarket in Hangzhou, Zhejiang province, China, on June…
China’s May retail sales grow at fastest pace since December 2023 as subsidies help boost consumption
Huge waiting lines are seen in front of jewelry retailer stores at Yu Garden in Shanghai, China, on May 17,…
Why aren’t Chinese consumers spending enough
Customers look at clothes advertising discounts of 80% or 70% in a supermarket in Hangzhou, Zhejiang province, China, on June…
Israel-Iran attacks and the 2 other things that drove the stock market this week
What was shaping up to be a relatively calm week quickly got volatile on Friday, following Israel’s overnight strike on…
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