$5.5 Trillion Bet: Why Every Major Bank Is Racing To Put Wall Street On The Blockchain
Larry Fink, CEO of BlackRock, the world’s largest asset manager with $15 trillion in assets, Tuesday, Jan. 20,…
What higher credit card spending means for the economy
On Tuesday morning, three of the biggest banks in the country reported on the state of their finances:…
US stocks hold steadier after inflation data, even as IBM plunges
NEW YORK (AP) — Stocks are holding steadier Tuesday after a report showed U.S. inflation was not as…
Oil prices jump more than 2% and world shares are mixed
BANGKOK (AP) — Oil prices jumped and world shares were mixed on Monday after the U.S. carried out…
US stocks rise as Wall Street shows it’s still hungry for AI winners
NEW YORK (AP) — U.S. stocks ticked higher Friday after Wall Street showed its appetite is still big…
Workers need to labor for 200 years to make what their CEO made in one, AP survey finds
NEW YORK (AP) — The typical CEO compensation package rose nearly 6% in 2025 to $17.7 million, as…
Fed projects one rate cut this year as Powell vows to stay on until DOJ investigation is finished
WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged Wednesday and Chair Jerome Powell highlighted…
Citigroup’s hedge fund clients sold the dollar around Supreme Court tariff ruling
LONDON, Feb 24 (Reuters) – Citigroup’s hedge fund clients sold the dollar around Friday’s U.S. Supreme Court ruling…
China expands oversight of major banks amid property sector risks
China has expanded its list of domestic systemically important banks (D-SIBs) – institutions subject to tighter regulatory standards…
China moves to curb auto price wars after sales sink
HONG KONG (AP) — China moved on Thursday to curb a fierce price war among automakers that has…
As AI wipes out desk jobs, Citigroup CEO Jane Fraser says the company is training 175,000 employees to ‘reinvent themselves’ before their roles change forever
The next frontier of work is here, where AI agents are the new coworkers and algorithms operate as…
As Trump’s deadline for a cap on credit card rates looms, banks have only questions and no answers
NEW YORK (AP) — President Donald Trump a week ago told the credit card industry it had until…