Banking & Finance
The latest coverage of the banking and financial sectors.
Federal Reserve keeps rates steady as Trump’s chairman pick vows to deliver ‘price stability’
The Federal Reserve opted to keep interest rates unchanged on Wednesday in its first major decision under President Trump’s hand-picked chairman, Kevin Warsh.
U.S. stocks drift ahead of the Fed’s announcement on interest rates
The U.S. stock market is drifting Wednesday as Wall Street waits to hear from the Federal Reserve about where it sees interest rates going.
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.
Inflation rises again, driven by energy costs amid Iran war
Prices rose 4.2% for the year ending in May as inflation hit a three-year high, the government said Wednesday in a report that underscored the impact of war-related shocks to energy costs.
A glossary to help understand what happens in an initial public offering
Anyone following SpaceX’s plans to sell shares to the public is likely to hear terms thrown around that describe steps and components of an initial public offering. Here’s a quick guide.
Trump vows relief for struggling farmers at Wisconsin roundtable
President Trump told Wisconsin farmers that his administration has delivered tax relief and record export growth, while he promised that surging fertilizer and energy costs from the Iran war will reverse within 90 days.
U.S. adds 172,000 jobs in May as 2026 hiring streak continues, government says
The U.S. added 172,000 jobs in May, the government said in a report that far exceeded expectations and continued a robust run of hiring after a sluggish 2025.
Bessent presses Congress to suspend federal gas tax
Treasury Secretary Scott Bessent on Thursday urged Congress to suspend the federal gas tax as U.S. consumers deal with higher fuel prices due to the Iran war.
Private sector added 122K jobs in May, exceeding expectations
Private sector hiring expanded at a strong pace, adding 122,000 jobs in May, according to a report released Wednesday by payroll provider ADP.
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.
