Banking & Finance
The latest coverage of the banking and financial sectors.
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.
Jerome Powell warns against meddling at Fed, says democratic institutions can be ‘torn down quickly’
Former Federal Reserve Chairman Jerome Powell took a parting shot at President Trump, warning that the central bank’s independence was a “priceless asset” that must be defended.
Oil prices rise on Iranian report that Tehran will suspend talks over Israeli attacks in Lebanon
Oil prices jumped and stocks wobbled on Monday after an Iranian state media report said Tehran would suspend peace negotiations because of Israel’s assaults on Hezbollah in Lebanon.
Google employee charged in use of insider info to make money on Polymarket
An Italian Google employee is facing federal charges in the U.S. for insider trading, accused of using company information to make money on Polymarket.
Oil prices climb, but U.S. stocks hold near their records
Oil prices are clawing back some of their sharp drops from earlier in the week on Thursday, but U.S. stocks are remaining near their records as companies like Dollar Tree, Snowflake and Hormel Foods keep piling up profits.
Median pay for CEOs rose nearly 6% in 2025, but some compensation packages were eye-popping
The typical CEO compensation package rose nearly 6% in 2025 to $17.7 million, as company boards rewarded their top executives for bigger profits and higher stock prices, and gave them incentives to stick around and make even more money for shareholders.
Wall Street rises toward records as U.S. stocks catch up to the world’s gains from the day before
The U.S. stock market is rising Tuesday as it catches up with others around the world that climbed the day before, when President Donald Trump said negotiations were “proceeding nicely” with Iran on ending their war.
Consumer confidence dented with gas prices around $4.50 and inflation still elevated
U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices that have neared record levels.
Trump urges new Fed Chair Kevin Warsh to be ‘totally independent,’ only don’t stifle growth
President Trump told Kevin Warsh to be “totally independent” as he swore him in as chairman of the Federal Reserve in front of a who’s who of Washington conservatives at the White House.
Walmart wins over broader swath of consumers, but global uncertainty clouds outlook for retailers
Walmart delivered another quarter of impressive sales as speedy deliveries and low prices served as a magnet for shoppers across the income spectrum.
Meta lays off 10% of its 78,000-strong workforce, moves 7,000 into AI roles
Social media giant Meta laid off about 8,000 workers on Wednesday among its 78,000-person headcount.
Trump to attend Group of Seven meetings in France in June
President Trump plans to attend the Group of Seven summit in France in June, a consequential meeting given the backdrop of the war in Iran and the president’s recent bickering with allies.
Rep. Chip Roy introduces legislation to ban foreign adversaries from buying American homes
Texas Republican Rep. Chip Roy on Tuesday introduced legislation that would ban foreign adversaries from buying American homes.
Oil touches $110 per barrel as Trump warns Iran to hurry up on peace talks
Oil prices rose, and Wall Street stocks were flat to start the trading week on Monday after President Trump warned Iran the “clock is ticking” on peace negotiations.
China agrees to boost trade for U.S. beef and poultry following Trump-Xi summit
China has agreed to ramp up trade for U.S. agricultural products such as beef and poultry, buying at an annualized rate of $17 billion per year for 2026 and at that level for 2027 and 2028, the White House announced Sunday, two days after President Trump returned from a high-stakes summit in Beijing where he sought to ease the impact on American farmers from the trade war he launched last year.