Big banks will need to hold more capital to guard against risk under new Fed proposal
The nation’s biggest and most complex banks will need to hold additional capital on their balance sheets under an initial proposal by the Federal Reserve...
Bidenomics will make inflation worse, Larry Summers says
Larry Summers, the former treasury secretary under President Bill Clinton, slammed President Biden’s economic agenda as “increasingly dangerous” because it will end up driving prices...
Meta expects higher ad spending after Q2 of $32B in revenue
Meta Platforms forecast third-quarter revenue above market expectations on Wednesday, sending shares up on the suggestion that it anticipated higher ad spending as a result of an...
Fed hikes interest rates to 22-year high after June pause
The Federal Reserve on Wednesday took its foot off the brakes and hiked interest rates yet again — taking them to a 22-year high. Fed...
Ron DeSantis’ fundraisers flop while RFK Jr., Trump rake it in
Ron DeSantis scrapped two Hamptons fund-raisers last weekend because of a lack of interest — while rival Donald Trump and upstart candidate Robert Kennedy Jr....
JPMorgan exec sought Jeffrey Epstein’s help amid Bernie Madoff
A top banker at JPMorgan desperately sought help from Jeffrey Epstein as the Bernie Madoff Ponzi scheme slammed the bank’s clients in 2008 — despite...
Spotify users fuming over subscriptions price hikes
Spotify users are fuming over the music streamer’s recent price hikes, calling the company “greedy” and threatening to cancel their subscriptions. “I’m going back to...
Flannery Associates buys $1B worth of land near air force base
A mysterious company has bought up nearly $1 billion worth of land near a major air force base in California — prompting concern that a...
CNN hires CNBC’s Kayla Tausche as White House correspondent
CNN bolstered its roster of on-air personalities by hiring CNBC’s Kayla Tausche as its new senior White House correspondent, the network announced on Monday. Tausche,...
F1 threatens to block Las Vegas clubs’ race views unless they pay millions: sources
Las Vegas hotspots are waving the red flag at Formula One — claiming its executives are threatening to block views of the posh car race...