The wealth of the 1% just hit a record $44 trillion
Economists say the rising stock market is giving an added boost to consumer spending through what's known as the "wealth effect."
The wealth of the 1% just hit a record $44 trillion
Economists say the rising stock market is giving an added boost to consumer spending through what's known as the "wealth effect."
Bankman-Fried sentenced to 25 years in prison
Sam Bankman-Fried has been sentenced to 25 years in prison. FTX imploded in November 2022, with customers losing billions of dollars in assets. Sam Bankman-Fried,...
Mortgage rates fall, providing some relief to home buyers
The U.S. 30-year mortgage rate is averaging at 6.79% Freddie Mac said in its latest weekly survey on Thursday.
Disney steels for April 3 shareholder showdown with activist investors
Rest assured, Walt Disney Co.’s annual shareholders meeting next week will not be the happiest place on earth.
Bank of America downgraded after hot stock run, while U.S. Bancorp and PNC get boost
New analysis from HSBC says that Bank of America’s stock is reaching its target price — but there are still buying opportunities in other banking...
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June...
Sam Bankman-Fried gets 25 years — one of the longest-ever sentences for financial fraud
As much as $10 billion in customer deposits went missing from FTX, Bankman-Fried’s crypto-trading platform, as a result of his fraud.
Good Friday’s PCE data brings crucial inflation reading — but markets are closed
Stock-market investors get a key piece of economic data on Good Friday, but won’t be able to trade on it.