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Financial Services News Headlines

The Marriner S
January 17, 2025 12:30 PM ET

Federal Reserve says it will leave climate change organization

The Associated Press

The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change

Read Federal Reserve says it will leave climate change organization
Former Mozambican finance minister, Manuel Chang, is seen in court in Kempton Park, Johannesburg, S…
January 17, 2025 7:29 AM ET

Mozambique’s ex-finance minister gets another 2.5 years behind bars in ‘tuna bonds’ corruption case

The Associated Press

A federal court in New York has sentenced Mozambique’s former finance minister to another two-and-a-half years behind bars for his role in the “tuna bond” corruption scandal that triggered a financial crisis in the African nation

Read Mozambique’s ex-finance minister gets another 2.5 years behind bars in ‘tuna bonds’ corruption case
An electronic stock board showing Japan's Nikkei index at a securities firm is seen though a truck …
January 16, 2025 8:45 PM ET

Stock market today: Wall Street finishes its best week since Trump's election with a rally

The Associated Press

U.S. stock indexes rallied to close out their best week in two months

Read Stock market today: Wall Street finishes its best week since Trump's election with a rally
The World Bank building in Washington, Monday, April 5, 2021. (AP Photo/Andrew Harnik, File)
January 16, 2025 11:00 AM ET

World Bank says the global is economy is growing steadily, but not fast enough to help ease poverty

The Associated Press

The world economy is growing steadily in the face of global conflict, protectionist trade policies and high interest rates

Read World Bank says the global is economy is growing steadily, but not fast enough to help ease poverty
Scott Bessent, President-elect Donald Trump's choice to be Secretary of Treasury, is seen as he mee…
January 15, 2025 9:06 PM ET

Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel

The Associated Press

U.S. Treasury nominee Scott Bessent is facing sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut

Read Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel

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Financial markets news icon
January 15, 2025 2:21 PM ET

How major US stock indexes fared Wednesday, 1/15/2025

The Associated Press
NYSE:WFC
Read How major US stock indexes fared Wednesday, 1/15/2025
In this July 31, 2019, file photo, Federal Reserve Chairman Jerome Powell speaks during a news conf…
January 15, 2025 1:38 PM ET

Why are interest rates rising when the Fed has been cutting them?

The Associated Press
Read Why are interest rates rising when the Fed has been cutting them?
Pedestrians approach JP Morgan Chase headquarters, Wednesday, December 29, 2023, in New York
January 15, 2025 5:06 AM ET

JPMorgan's net income jumps 50% to more than $14 billion in the final quarter of 2024

The Associated Press
NYSE:JPM
Read JPMorgan's net income jumps 50% to more than $14 billion in the final quarter of 2024
Pedestrians approach JP Morgan Chase headquarters, Wednesday, December 29, 2023, in New York
January 15, 2025 5:06 AM ET

JPMorgan posts record annual profits as major US banks thrive in the final quarter of 2024

The Associated Press
Read JPMorgan posts record annual profits as major US banks thrive in the final quarter of 2024
A wood pellet plant operated by U
January 15, 2025 3:02 AM ET

How mega-polluters take advantage of billions in green loans

The Associated Press
Read How mega-polluters take advantage of billions in green loans
The Bank of England is pictured in London, on August 1, 2024. (AP Photo/Alberto Pezzali, File)
January 15, 2025 12:32 AM ET

UK inflation unexpectedly drops in December, easing pressure in bond markets

The Associated Press
Read UK inflation unexpectedly drops in December, easing pressure in bond markets
A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm in To…
January 14, 2025 9:26 PM ET

Stock market today: Wall Street rips higher after inflation data and strong bank profits

The Associated Press
Read Stock market today: Wall Street rips higher after inflation data and strong bank profits
A man walks across the street from a Capital One location in San Francisco
January 14, 2025 1:34 PM ET

Capital One sued by US watchdog alleging bank cheated customers out of $2 billion

The Associated Press
Read Capital One sued by US watchdog alleging bank cheated customers out of $2 billion
Travelers wait at the check-in counter for Southwest Airlines in Denver International Airport Thurs…
January 14, 2025 8:48 AM ET

Southwest pauses some hiring and summer internships as the airline looks to reduce costs

The Associated Press
Read Southwest pauses some hiring and summer internships as the airline looks to reduce costs
The Cook Islands-registered oil tanker Eagle S is anchored near the Kilpilahti port in Porvoo on th…
January 10, 2025 10:14 AM ET

Shadow fleet of tankers keeps Russia's oil money flowing despite Western sanctions

The Associated Press
Read Shadow fleet of tankers keeps Russia's oil money flowing despite Western sanctions
The New York Stock Exchange is shown in New York's Financial District on December 31, 2024
January 9, 2025 10:40 PM ET

Stock market today: Wall Street recoils after good news on the economy raises inflation worries

The Associated Press
Read Stock market today: Wall Street recoils after good news on the economy raises inflation worries
A VW van sits among burned out homes, Thursday, January 9, 2025, in Malibu, Calif
January 9, 2025 5:11 PM ET

How the wildfires in the Los Angeles area could affect California's home insurance market

The Associated Press
Read How the wildfires in the Los Angeles area could affect California's home insurance market
New York Gov
January 9, 2025 12:33 PM ET

New York governor wants to limit hedge funds from buying up homes

The Associated Press
Read New York governor wants to limit hedge funds from buying up homes
A person rides a bicycle in front of an electronic stock board showing Japan's Nikkei index at a se…
January 8, 2025 9:53 PM ET

Stock market today: Global indexes are mixed as the US stock market remains closed

The Associated Press
Read Stock market today: Global indexes are mixed as the US stock market remains closed
The Marriner S
January 8, 2025 12:11 PM ET

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead

The Associated Press
Read Federal Reserve officials at December meeting expected slower pace of rate cuts ahead
People stand in front of an electronic stock board showing Japan's Nikkei index at a securities fir…
January 7, 2025 9:22 PM ET

Stock market today: Wall Street holds firmer following Tuesday's slide

The Associated Press
Read Stock market today: Wall Street holds firmer following Tuesday's slide
Federal Reserve Board of Governors Vice Chair for Supervision Michael Barr testifies at a House Fin…
January 6, 2025 9:36 AM ET

Top Federal Reserve bank regulator, under fire from GOP, to step down next month

The Associated Press
Read Top Federal Reserve bank regulator, under fire from GOP, to step down next month
Young girls sell tissues to passersby on the Karakoy sea promenade in Istanbul, Turkey, Saturday, D…
December 26, 2024 5:11 AM ET

Turkey's central bank lowers key interest rate to 47.5%

The Associated Press
Read Turkey's central bank lowers key interest rate to 47.5%

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