Current Business News
CNBC
Financial News
- CFPB fines Equifax $15 million over errors on credit reportson 01/17/2025
The CFPB alleged the credit reporting bureau failed to conduct proper investigations of consumer disputes.
- China's economy is waiting for more stimulus. Here's how the country plans to boost growthon 01/17/2025
China's slowing economy is still waiting for promised government support to kick in.
- Trump and bitcoin: BlackRock predicts another historic year for cryptoon 01/16/2025
BlackRock ETF investment chief Samara Cohen thinks President-elect Donald Trump will push crypto-friendly policies.
- Wall Street banks had a great quarter, and the boom times are just startingon 01/16/2025
JPMorgan Chase, Goldman Sachs and Morgan Stanley easily topped estimates for the fourth quarter.
- Fed Governor Waller sees potential for multiple interest rate cuts in 2025on 01/16/2025
In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year.
- Bank of America tops estimates on better-than-expected investment banking, interest incomeon 01/16/2025
The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.
- Morgan Stanley tops estimates on strong equities and fixed income trading revenueon 01/16/2025
While bank stocks have been supported by enthusiasm for rising deal activity, it was actually the trading side that helped Morgan Stanley more in the quarter.
- UK Robinhood rival Freetrade snapped up by trading firm at 29% valuation discounton 01/16/2025
U.K. Robinhood rival Freetrade has been acquired by IG Group for £160 million — a 29% discount to its last valuation.
- Citigroup swings to fourth-quarter profit, tops estimates on investment banking strengthon 01/15/2025
The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.
- JPMorgan Chase is boosting buybacks even after CEO Jamie Dimon called the stock expensiveon 01/15/2025
Fresh off a record year for profit and revenue, JPMorgan is facing questions over what CFO Jeremy Barnum admitted was excess capital.