Software stocks on Thursday slid deeper into an ongoing intense sell-off this year as investors recoiled from the sector on growing fears that artificial intelligence could upend many firms' business models. The iShares Expanded Tech-Software Sector ETF (IGV) dropped 5.4% for its biggest one-day decline since last April during the...
Year: 2026
American Express, credit card provider to the wealthy, wants even more high spenders
American Express announces the new platinum business card.Courtesy: American ExpressAmerican Express is finding that even for a provider of credit cards to the affluent, it pays to focus on the highest of high rollers.The company recently shifted marketing dollars to its refreshed Platinum card, which carries an $895 annual fee,...
Hassett praises Trump’s pick of Warsh to lead Fed, says he has his ‘dream job’ already
Kevin Hassett, the National Economic Council director once considered a clear front-runner to be named the next Federal Reserve chair, said Friday he is fine with continuing in his current role.Fresh off President Donald Trump's announcement that former Fed Governor Kevin Warsh will be the new chair, Hassett told CNBC...
Trump says he will announce a replacement for Powell as Fed chair Friday morning
U.S. President Donald Trump speaks in the Oval Office at the White House on Jan. 29, 2026 in Washington, DC. Samuel Corum | Getty ImagesPresident Donald Trump said Thursday that he will be naming his pick Friday for the new Federal Reserve chair.Speaking at the premiere for "Melania," the film...
LVMH beats earnings expectations as China recovery mounts
Luxury conglomerate LVMH reported better-than-expected earnings after the bell on Tuesday and a second quarter of organic revenue growth, as the sector's recovering business in China starts to show up in balance sheets.Organic revenue grew by 1% in the fourth quarter, flat from the same period a year earlier. Over...