Brex co-founders Pedro Franceschi and Henrique Dubugras.BrexCapital One said Thursday that it was acquiring payments startup Brex for $5.15 billion, the latest splashy deal undertaken by the bank's CEO, Richard Fairbank.The firm, which disclosed the deal in its fourth-quarter earnings statement, said the deal is made up of 50% cash...
Year: 2026
Fed’s main gauge shows inflation at 2.8% in November, edging further away from target
People shop at a Costco store in the Staten Island borough of New York City, U.S., Jan. 16, 2026. Brendan McDermid | ReutersInflation drifted slightly further from the Federal Reserve's target in November though in line with expectations, according to the central bank's preferred gauge released Thursday.The personal consumption expenditures...
Jamie Dimon issues rare CEO criticism of Trump’s immigration policy: ‘I don’t like what I’m seeing’
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the 2025 IIF annual membership meeting in Washington, Oct. 16, 2025.Samuel Corum | Bloomberg | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Wednesday that he disagreed with President Donald Trump's approach to immigration, offering a rare public rebuke by...
Danish pension fund to sell $100 million in Treasurys, citing ‘poor’ U.S. government finances
Protesters with Danish and Greenlandic flags attend a demonstration in Copenhagen, Denmark, Jan. 17, 2026.Nichlas Pollier | Bloomberg | Getty ImagesDanish pension operator AkademikerPension said it is exiting U.S. Treasurys because of finance concerns as Denmark spars with President Donald Trump over his threats to take over Greenland.Anders Schelde, AkademikerPension's...
Jerome Powell could stay at the Fed even after being removed as chair. Here’s what that means
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve in Washington, Dec. 10, 2025.Chip Somodevilla | Getty Images News | Getty ImagesThe saga over President Donald Trump's efforts to reshape the Federal Reserve has another twist to it,...