Charles Scharf, chief executive officer of Wells Fargo & Co., and Jane Fraser, chief executive officer of Citigroup Inc. Caroline Brehman | Qilai Shen | Bloomberg | Getty Images Walk the halls of any major banking conference or listen in on a quarterly earnings call, and one topic keeps coming up: With the window for…
Traders celebrating at the New York Stock Exchange on April 15, 2026, as the S&P 500 closed above the 7,000 level for the first time. NYSE Equal-weight ETFs are having a moment. The investing approach isn’t new, but it has moved into the spotlight this year as many of the large-cap stocks that have driven…
Traders work on the floor of the New York Stock Exchange during morning trading on August 05, 2026 in New York City. Michael M. Santiago | Getty Images News | Getty Images Low-cost S&P 500 funds are the foundation of many portfolios, and holding a portfolio with a 90/10 split between the index and short-term…
Matt Zames, then-chief operating officer of JPMorgan Chase, center, in New York, Feb. 27, 2017. Kholood Eid | Bloomberg | Getty Images Former JPMorgan Chase executive Matt Zames will join the Trump administration as an advisor to the Social Security agency, CNBC has learned. Zames is taking an unpaid position to help his former JPMorgan…
There’s an old trader saying: “Don’t put on a position that won’t let you sleep at night.” Perpetual futures, known as “perps” in short, are literally designed to do the opposite. Blockchain-enabled, 24/7-traded, never-expiring ‘futures’ – a label now legally contested by the Chicago Mercantile Exchange – are growing so fast overseas that they almost…
Students walk on campus at Harvard University, in Cambridge, Massachusetts, Nov. 19, 2025. Reba Saldanha | Reuters Amid ongoing disputes over immigration policies and international student visas, fewer new students from overseas chose to attend U.S. colleges last year, and new data shows enrollment could drop even further in the year ahead. A report released…
Ray Dalio, founder of Bridgewater Associates, speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 27, 2026. Brendan McDermid | Reuters Treasury Secretary Scott Bessent’s debt buyback announcement this week fits into a broader pattern that can signal a forthcoming crisis, according…
Kraken is one of the world’s largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images A fintech app from the makers of the crypto exchange Kraken is launching a cashback U.S. debit card, vying for a place in consumer wallets as crypto evolves from an asset class into infrastructure for mainstream financial products. The…
Against a backdrop of persisting inflationary pressures, yields on longer-term bonds have been climbing, which experts say is likely to keep borrowing costs elevated — particularly for long-term fixed-rate loans such as mortgages. The yield on the U.S. 30-year Treasury bond hit 5.323% on Tuesday, a 19-year high, before edging down to just below 5.3%….
In this photo illustration, the stock market information of Synchrony Financial displayed on a smartphone while the logo of Synchrony Financial seen in the background. Igor Golovniov | Lightrocket | Getty Images Editor’s note: A previous version of this story, based on information provided by a Synchrony Financial executive, mischaracterized the collaboration between Synchrony and…
