Treasury Secretary Janet Yellen speaks with CNBC from the New York Federal Reserve on Sept. 26th, 2024. David A. Grogan | CNBC Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank’s independence. Yellen, who served as Treasury secretary after leaving the Fed,…
As Wall Street’s top bankers huddled in New York last month, preparing to convince Elon Musk’s SpaceX that they should be chosen to lead its upcoming IPO, one firm wasn’t letting its star advisor miss the bake-off. Among the squad of JPMorgan Chase investment bankers flying 2,500 miles west to California to pitch SpaceX was…
(L-R) Wells Fargo CEO and President Charles Scharf, Brian Bank of America Chairman and CEO Thomas Moynihan, JPMorgan Chase Chairman and CEO Jamie Dimon, Citigroup CEO Jane Fraser, State Street CEO Ronald OÕHanley, BNY Mellon CEO Robin Vince, Goldman Sachs CEO David Solomon and Morgan Stanley CEO James Gorman, testify during a Wall Street oversight…
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images President Donald Trump will face an important obstacle — from within his own party — as he seeks…
The criminal investigation into Federal Reserve Chair Jerome Powell is testing the U.S. central bank’s independence again and reinforcing the view among global investors that they need to diversify away from U.S. assets. “That’s what seems to be transpiring this morning,” Julien Lafargue, chief market strategist at Barclays Private Bank, told CNBC’s “Europe Early Edition”…
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A tower crane stands above residential buildings in an urban district in the afternoon light, on January 9, 2026, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images BEIJING — China’s push into high-tech industries isn’t large enough to offset the country’s property slump, leaving the economy more exposed to trade tensions,…
Consumer spending trends are starting to emerge within the experiences economy as the year gets underway, and stock analysts are picking out the names they expect to be winners. While the consumer staples sector likely doesn’t have much room to run this year, there are more opportunities in discretionary and services spending — such as…
The US Capitol in Washington, DC, US, on Thursday, Dec. 11, 2025. Daniel Heuer | Bloomberg | Getty Images Lawmakers this week plan to revisit efforts to pass a market structure bill that will determine the crypto industry’s future in the U.S. — reviving legislative efforts that stagnated last year. On Thursday, the Senate Agriculture…
BlackRock came into 2026 with a clear investment plan built around three pillars: artificial intelligence, income, and diversification. Jay Jacobs, BlackRock’s head of equity exchange-traded funds, laid out ways in which ETFs fit into the shifting market bets from the world’s largest asset manager, which oversees more than $13 trillion from investors. Investors should remain…