Excluding the bank’s transaction to start issuing the Apple credit card, profit of $5.23 a share topped analysts’ estimates.
3 minute read
Analysts at Mizuho and Morgan Stanley reiterate buy-equivalent ratings for Visa and Mastercard after Trump proposes a cap on credit card rates.
2 minute read
The president’s Friday call for a 10% cap on credit-card rates have hit shares from Citigroup to Synchrony Financial.
3 minute read
The company unveiled its Community-First AI Infrastructure plan amid growing concern that AI data centers could strain local power, water, and tax systems.
2 minute read
The president’s statement about Exxon is probably just the beginning of a long negotiation between the oil giants and the administration.
3 minute read
Danish company Orsted can restart work on its Revolution Wind project near Rhode Island.
1 minute read
Federal Housing Finance Agency director Bill Pulte told Barron’s the Trump administration wants “the right incentives and disincentives—so the carrot and sticks approach—with the builders.”
4 minute read
The major banks will kick off fourth-quarter earnings season this week, and the economic data highlight of the week will be the consumer price index for December.
2 minute read
The brokerage industry self-regulator cautions that scams are on the rise and increasingly hard to detect.
2 minute read
“There was an inadvertent public disclosure of aggregate data that was partially derived from pre-released information,” a White House official said.
4 minute read
While several of Tilray’s businesses are struggling, its cannabis business is driving record revenue.
2 minute read
The president just launched his latest salvo in his battle against high mortgage rates as he tries to make home buying more affordable.
3 minute read
The president ordered future contracts to ensure base salaries for defense company CEOs are capped at current levels if contractors fail to perform.
3 minute read
Retail stocks, a potential winner if the levies are struck down or curtailed, have already run up.
3 minute read
A Deutsche Bank analyst said if the loan issues can be resolved, it would be a credit positive for Flagstar.
3 minute read
The agency suggests that firms with up to $1 billion in client assets should be deemed “small entities.” The current threshold is only $25 million.
2 minute read
Federal guidelines include prioritizing nutrient-dense foods, including protein, dairy, healthy fats, whole grains, and fruits and vegetables.
Long Read
If the Trump administration is serious about housing affordability, it needs to toss out some rules, Satish Mansukhani writes in a guest commentary.
Long Read
Greater loan origination volume could mean more revenue for Fair Isaac, Equifax, and TransUnion, says Clear Street.
2 minute read
Trump threatened to penalize defense companies that pay dividends to shareholder or buy back stock, and he said he might ban institutional investor purchases of single-family homes.
3 minute read
President Donald Trump has played stock market activist before. The results were mixed.
4 minute read
Trump said he would call on Congress to codify his plan to prevent big investors from buying single-family homes.
4 minute read
Trump said defense contractors are too slow to deliver equipment and too slow to maintain and repair equipment.
4 minute read