GOP state AGs hit Biden Treasury 'net-zero financing' memo as backdoor regulation by 'green cabal'
Republican state AGs say Biden Treasury Dept. net-zero "principles" for private sector financing are “compulsion of the green cabal" that "fly in the face" of legal scrutiny.
JPMorgan Chase agrees to $75M settlement in US Virgin Islands case alleging bank enabled Jeffrey Epstein abuse
JPMorgan Chase settled with the U.S. Virgin Islands for $75 million in a case alleging the company enabled Jeffrey Epstein's sex trafficking.
AI to transform business workflows and productivity, Goldman Sachs CIO says
Goldman Sachs CIO Marco Argenti told FOX Business that companies are already expecting real gains and results from AI in terms of boosting productivity and transforming workflows.
Biden admin warns lenders there is ‘no special exemption’ for AI when denying credit
The Biden administration is warning lenders that they need to give specific reasons for taking negative action against borrowers, and cannot rely on artificial intelligence.
Sam Bankman-Fried ordered by court of appeals to remain in jail
Sam Bankman-Fried was ordered to remain in jail after an appeals court in Manhattan was tasked with reviewing a decision to put in him jail for witness tampering.
Fed pauses interest rate hikes in September but could raise rates again this year
The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.
Ukraine's Zelenskyy to meet with nation's top financiers, diplomats in New York City
JPMorgan, the big bank serving as Zelenskyy’s financial adviser to attract private capital for a new investment fund to rebuild Ukraine’s infrastructure, is hosting the meeting.
US sanctions companies supporting Iran’s drone industry, including Chinese and Russian firms
The U.S. announced new sanctions against a network of companies and individuals providing financial and material support for Iran's drone industry, including Chinese and Russian firms.
How Blackstone celebrated S&P 500 inclusion
Blackstone CEO Steve Schwarzman joined the firm's employees in celebrating a a prestigious milestone for the private equity giant.
Recession could hit in October if unemployment rises slightly: mathematical model
If the unemployment rate rises slightly this month, it could mean a recession in October, according to a mathematical model that correctly signaled the 2020 recession. But economists are split about the likelihood of a recession this year. Here’s what you need to know.
Fed unlikely to raise interest rates in November due to ‘better news on inflation,’ Goldman Sachs predicts
Strategists with Goldman Sachs projected that the Federal Reserve wouldn't raise interest rates at its Oct. 31-Nov. 1 meeting, predicting that inflation would go down.
Planet Fitness ousts CEO, shares slide
Planet Fitness said on Friday it is replacing chief executive Chris Rondeau replacing him with board member and former New Hampshire Gov. Craig Benson.
JPMorgan says S&P 500 is overvalued
Global debt provides another negative for an already stretched equity multiple, JPMorgan says. Inflation ticked up again in August, putting more pressure on equities.
American Airlines, Spirit lower guidance on higher fuel costs
U.S. air carriers like and American Airlines and Spirit Airlines are cutting their third-quarter profit forecasts due to rising fuel costs and other expenses.
Skirting US sanctions, Iran earning billions from oil exports while Russia, China cash in
Amid efforts to enforce sanctions against Iran, authoritarian regimes like Russia and China and some Western companies are bypassing U.S. sanctions to attend the Iran Oil Show.
US recession remains 'more likely than not,' Deutsche Bank warns
The U.S. economy is likely to tumble into a recession within the next year as inflation remains uncomfortably high, according to Deutsche Bank analysts.
UBS to absorb Credit Suisse's Securities Research offering
UBS will absorb Credit Suisse's Securities Research service later in September, wrapping the business into its own research operations, the bank said in a letter.
Stocks in September may be dicey
For stocks, September is historically one of the worst months on record, followed by an equally rough October. This year, the crosscurrents are a little different for investors.
Robinhood to buy back Bankman-Fried's stake from US government for $605.7M
The shares of Robinhood were seized and subsequently transferred to the custody of the U.S. government after Bankman-Fried's FTX and Emergent filed for bankruptcy protection last year.
GDP growth for Q2 dips on second estimate
Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.