JPMorgan CEO Jamie Dimon says AI is not just hype — ‘This is real’
The burgeoning artificial intelligence tools from companies such as OpenAI still have their share of skeptics, but don’t count JPMorgan…
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Major airlines raised fees for checked bags. Here are 7 ways to cut costs
Brandon Bell | Getty Images News | Getty ImagesA handful of airlines — Alaska Airlines, American Airlines, JetBlue Airways and…
Xiaomi bets big on its new electric vehicle — targets 20 million premium users
BEIJING – Chinese smartphone company Xiaomi believes it’s identified a consumer niche that will pay up for its upcoming electric…
After doubts about Alibaba’s future, co-founder Joe Tsai says: ‘We’re back’
Chinese e-commerce giant Alibaba is back on track to be a top market player after a period of pressure, co-founder…
This shift in the Treasury market may set investors up for solid gains
Investor sentiment toward intermediate-term Treasury bonds may be changing.Schwab Asset Management’s David Botset is seeing more flows into bonds with…
Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size
Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022.CNBCBerkshire…
Credit card interest rates are at record highs. Cards have ‘never been this expensive,’ CFPB says
Runstudio | The Image Bank | Getty ImagesCredit card interest rates have ballooned to record highs in recent years —…
Block shares surge as much as 14% after company announces surprise profit
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in…
Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show
WASHINGTON – Federal Reserve officials indicated at their last meeting that they were in no hurry to cut interest rates…
Here’s why Capital One is buying Discover in the biggest proposed merger of 2024
Capital One CEO and Chairman, Richard Fairbank.Marvin Joseph| The Washington Post | Getty ImagesCapital One’s recently announced $35.3 billion acquisition…
Barclays jumps 8.6% after announcing major strategic overhaul
LONDON – Nov. 5, 2020: Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street…
How to avoid the top scam of 2023: The internet has ‘really supercharged’ it, expert says
Vasily Pindyurin | fStop | Getty ImagesConsumers lost a record $10 billion to fraud in 2023, and imposter scams were…
UK economy slipped into technical recession at the end of 2023
Copies of the Evening Standard outside the Bank of England in the City of London, after figures showed Britain’s economy…
Stocks making the biggest moves midday: Uber, Airbnb, MGM Resorts, Robinhood and more
Check out the companies making headlines in midday trading.Uber — Uber’s shares jumped 11%, climbing to a new 52-week high,…
Deflation: Here’s where prices fell in January 2024, in one chart
Customers shop at an RC Willey home furnishings store in Draper, Utah, Aug. 28, 2023.George Frey/Bloomberg via Getty ImagesInflation has…
As London loses another listing, analysts are wary of writing off the UK capital
The offices of London Stock Exchange Group Plc, right, in Paternoster Square in the City of London, UK.Bloomberg | Bloomberg…
As online romance scams rise, banks ask for help to save victims billions
The banking industry is seeking help from the federal government and the social media industry to stop an escalating crisis…
Here’s the inflation breakdown for January 2024 — in one chart
People shop at a home improvement store in Brooklyn on Jan. 25, 2024.Spencer Platt | Getty Images News | Getty…
Nvidia rally is fueling FOMO in the overall market, Evercore’s Julian Emanuel warns
Evercore ISI’s Julian Emanuel thinks Nvidia’s monster rally is fueling a fear of missing out in the market.He finds clients,…
Digital banking giant Revolut is launching phone plans for travelers in the UK
Revolut is launching a travel eSIM plan in the U.K., in a rare move for a financial services firm.RevolutBritish financial…
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