Banking & Finance
The latest coverage of the banking and financial sectors.
U.S. hiring cools in June with leisure, hospitality shedding jobs
The U.S. added 57,000 jobs in June, the government said Thursday in a report showing slower hiring growth on the cusp of summer compared to red-hot reports earlier in 2026.
Trump’s financial disclosures reveal windfall for the president
President Trump’s new financial disclosures revealed more than $1 billion in crypto holdings, $80 million from legal settlements and tens of millions of dollars in foreign investment income, suggesting that his personal wealth dramatically increased since he returned to the White House.
White House economist Hassett stresses Warsh’s independence at Fed: ‘Not asking for advice’
White House National Economic Council Director Kevin Hassett on Monday pushed back against fears that Federal Reserve Chair Kevin Warsh would seek direction from President Trump on setting interest rates.
Congress poised to send major housing package to Trump’s desk
Congress will soon send President Trump bipartisan legislation designed to increase housing supply and lower the costs of homeownership, one of the many affordability challenges Americans are facing.
Federal Reserve keeps rates steady as Trump’s chairman pick vows to deliver ‘price stability’
The Federal Reserve opted to keep interest rates unchanged on Wednesday in its first major decision under President Trump’s hand-picked chairman, Kevin Warsh.
U.S. stocks drift ahead of the Fed’s announcement on interest rates
The U.S. stock market is drifting Wednesday as Wall Street waits to hear from the Federal Reserve about where it sees interest rates going.
Online portal used to send U.S. deliveries to Cuba stops taking orders
One of the main online platforms that Cubans living in the United States use to send money, food, and clothing to their relatives on the island is ceasing operations as the Trump administration increases pressure on the Cuban government.
Japanese, Korean markets surge on end-of-Iran-war news
Markets in Seoul and Tokyo surged Monday on news that the U.S. and Iran agreed to end hostilities in the Middle East.
Fox to buy streaming pioneer Roku in a $22 billion deal
Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt.
Stocks soar, oil prices plunge after deal to end Iran war announced
Share prices soared Monday in Asia after a deal was announced on ending the Iran war and reopening the Strait of Hormuz.
Stocks soar from ‘Korea discount’ to ‘Korea premium’ under leftist president
His opponents brand him a populist, a hardcore leftist and even a North Korean sympathizer, but South Korean President Lee Jae-myung, a liberal, has launched his country’s stock market into the stratosphere.
Europe’s central bank raises rates to fight inflation from Iran war, the Fed to decide next week
The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war as policymakers around the world including new U.S. Federal Reserve Chair Kevin Warsh wrestle with how to confront the inflation fed by sharply higher oil prices.
Elon Musk’s SpaceX is about to make its debut on Wall Street. What to know
Elon Musk’s rocket company SpaceX will make its debut on Wall Street Friday and both institutional and retail investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece. Musk, already the world’s richest man, could become its first trillionaire.
Inflation rises again, driven by energy costs amid Iran war
Prices rose 4.2% for the year ending in May as inflation hit a three-year high, the government said Wednesday in a report that underscored the impact of war-related shocks to energy costs.
A glossary to help understand what happens in an initial public offering
Anyone following SpaceX’s plans to sell shares to the public is likely to hear terms thrown around that describe steps and components of an initial public offering. Here’s a quick guide.