U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought.Kevin Mohatt | Kevin Lamarque | | ReutersSen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump's stated push to make credit cards...
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Ray Dalio warns that ‘capital wars’ could follow Trump’s actions, with countries dumping U.S. assets
Billionaire investor Ray Dalio warned Tuesday that President Donald Trump's aggressive political direction could spark a new phase of global financial conflict, as foreign governments and investors reconsider their appetite for U.S. assets amid rising unease and economic tensions."On the other side of trade deficits and trade wars, there are capital...
Capital One is buying startup Brex for $5.15 billion in credit card firm’s latest deal
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...
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...