Fed may cut rates by end of second quarter to prevent economic downturn
From CNBC: Federal Reserve Chairman Jerome Powell is set to testify before the Senate Banking Committee in March. Despite higher-than-expected
Category: Finance
JP Morgan CEO Dimon supports Disney CEO Iger in proxy fight against Trian Partners
From CNBC: In a recent development, JP Morgan Chase CEO Jamie Dimon has endorsed Disney CEO Bob Iger in his
Record $1.7 trillion shareholder payouts in 2023, with bank profits leading growth
From CNBC: Global dividend payouts hit a record $1.66 trillion in 2023, with a 5% year-on-year rise and 7.2% in
Xiaomi unveils SU7 electric car, aiming for premium segment market in China
From CNBC: Xiaomi unveiled its long-awaited electric car on March 28 but did not disclose the price or exact release
China's undervalued stocks could potentially see positive growth in the long term.
From CNBC: China has set a GDP target of 5% despite concerns of insufficient policy support. Valuations of Chinese stocks
Amtrak supports Texas Central bullet train project with challenges, uncertainties, and government backing.
From CNBC: Despite decades of research, the U.S. lacks high-speed rail options. Texas Central aims to connect Dallas to Houston
Summary: China's parliamentary meeting focuses on economy, environment with emphasis on energy reduction and industrial support.
From CNBC: China’s annual parliamentary meetings concluded without a press conference from the premier, in a break from tradition. President
DOJ investigates Alaska Airlines incident of door panel blowing out midair
From CNBC: An investigation by the Justice Department is underway regarding an Alaska Airlines incident where a door panel blew
ESG funds prioritize tech stocks for sustainability, despite myths
From CNBC: ESG funds prioritize top performers across industries while considering environmental, social, and governance factors. DWS Group’s Arne Noack
China is increasing limits for foreign visitors using mobile pay, making transactions easier
From CNBC: Scanning QR codes with Alipay, a mobile pay app, is now the preferred payment method in China. Foreign
Federal Reserve Chair Powell testifying on interest rate cuts and inflation concerns
From CNBC: Federal Reserve Chair Jerome Powell continues his congressional testimony on the economy and monetary policy. Powell expects interest
ECB President Lagarde to address unchanged interest rates, lowered growth forecast, and inflation expectations.
From CNBC: European Central Bank President Christine Lagarde is set to hold a press conference today after policymakers decided to
NYCB lost 7% of deposits, slashed dividend to 1 cent
From CNBC: New York Community Bank (NYCB) lost 7% of its deposits before securing a $1 billion-plus capital injection from
Analysts explain why stock market is not in a bubble, despite high valuations and concentration.
From CNBC: Wall Street is not in a bubble despite the heavy concentration on expensive AI-focused tech stocks. S&P 500
Private equity firms involved in recent bank deals due to speed, discretion, and financial sensitivity.
From CNBC: Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin met after a House hearing on pandemic response.
SEC to require mandatory climate disclosures from companies by fiscal 2025, despite challenges.
From CNBC: Securities and Exchange Commission Chairman Gary Gensler testified about the need for mandatory climate disclosures from companies starting
New York Community Bancorp's shares fell 40% amid reports of it seeking a cash injection, reflecting broader banking sector challenges.
From CNBC: Shares of New York Community Bancorp plummeted over 40% on Wednesday as reports emerged of the bank seeking
Fed Chair Jerome Powell signaled interest rate cuts may occur this year, but only after inflation hits 2%.
From CNBC: Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee about interest rate cuts likely this
Women 55 to 66 struggle with retirement savings, facing gender wage gap and longer life expectancy.
From CNBC: Women 55 to 66 lag behind men in retirement savings, with 50% having none. Even for those who
Fed Chair Powell asserts that despite economic improvements, immediate interest rate cuts are not planned.
From CNBC: Federal Reserve Chair Jerome Powell reiterated that interest rates are expected to decrease this year but no specific
China's central bank plans to reduce banks' reserve requirements to spur consumer prices and target 5% GDP growth.
From CNBC: China’s central bank governor plans to cut banks’ reserve requirements to stimulate consumer prices, aiming for 5% GDP
Fed Chair Jerome Powell is due to clarify monetary policy before Congress amid market uncertainty and speculation for rate cuts.
From CNBC: Federal Reserve Chairman Jerome Powell is set to testify before Congress to provide clarity on monetary policy amid
The CFPB has capped credit card late fees at $8, potentially affecting profits of credit card companies.
From CNBC: The Consumer Financial Protection Bureau introduced a new rule capping late fees at $8 per incident, potentially saving
UK neobank Monzo raises $430 million, plans to relaunch in U.S., achieves profitability
From CNBC: British digital bank Monzo raised $430 million in new funding led by CapitalG and HongShan, backed by Tencent