Credit card debt hits record $1.14 trillion, New York Fed research shows
Credit card balances rose in the second quarter of 2024, the Federal Reserve Bank of New York found.
Investors believe the fears about the slowing economy are overblown and market is overreacting
Many expect the pullback could soon represent a buying opportunity.
Uber reports better-than-expected earnings and revenue for second quarter
Uber reported earnings and revenue that topped estimates for its second quarter.
OpenAI co-founder John Schulman says he will leave and join rival Anthropic
Schulman said OpenAI executives remain committed to backing efforts to ensure that people can control highly capable artificial intelligence models.
Trump blames Harris, Biden for stock market meltdown after taking credit for past upswing
Donald Trump in January said the stock market reached record highs because investors thought he would win against President Joe Biden.
Here are all the reasons why Monday’s major market wreck is happening
Any number of suspects could be blamed for Monday’s market beatdown.
JPMorgan Chase is opening more small-town branches in middle America
CEO Jamie Dimon is embarking on his 14th annual bus tour on Monday, with his first stop in Iowa, where the bank plans to open 25 more branches by 2030.
Investors are unwinding the biggest ‘carry trade’ the world has ever seen, SocGen strategist says
Carry trades refer to trades wherein an investor borrows in a currency with low interest rates and reinvests the proceeds in higher-yielding assets elsewhere.
Chicago Fed President Goolsbee says if economy deteriorates, Fed will ‘fix it’
Chicago Federal Reserve President Austan Goolsbee spoke Monday morning on CNBC’s “Squawk Box.”
