Financial stocks are the best-performing group in 2024 and, even though they’re widely thought to have more room to run as a sector, a subset of them are even more favorably positioned.... Read more »
The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. Tech giants... Read more »
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington,... Read more »
Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements... Read more »
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives... Read more »
PayPal shares tumbled more than 10% on Thursday after a disappointing forecast added to uncertainty around the payments giant. While the company posted beats on most metrics for its fourth quarter on... Read more »
Wall Street continues to climb a wall of worry even as investors deliberate how much longer equities can maintain their record run. The stock rally continued on Friday , with the major... Read more »
Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images When she started shopping for the holidays late last year, Kelly Andersen was struggling to buy... Read more »
Two centuries ago one of the first economists, David Ricardo coined the still famous investment adage “Let your profits run (on).” Makes sense. All else equal, one would prefer to own or... Read more »
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters If you received business payments via apps such as PayPal or Venmo or... Read more »