U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy, in Washington, D.C., U.S., Jan. 28, 2026. Jonathan Ernst | ReutersThe Federal Reserve wrapped up a two-day policy meeting Wednesday, delivering pretty much what...
Category: Finance
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...
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,...
Trump threatens to sue JPMorgan Chase for ‘debanking’ him
Jamie Dimon, Chairman and CEO, JPMorganChase, speaks during the Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, California, U.S. December 6, 2025. Jonathan Alcorn | ReutersPresident Donald Trump on Saturday threatened to sue JPMorgan Chase over allegedly "debanking" him following the Jan. 6, 2021, riot...
Hassett pivots to possible ‘Trump cards’ amid credit card interest rate battle with banks
Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty ImagesWhite House economic advisor Kevin Hassett said Friday that large U.S. banks could voluntarily provide credit cards...