JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy

JPMorgan Chase CEO Jamie Dimon said Monday that tariffs announced by President Donald Trump last week will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing.Dimon, 69, addressed the tariff policy Trump...

French fintech Pennylane doubles valuation to $2.2 billion as Alphabet’s venture capital arm takes stake

Seksan Mongkhonkhamsao | Moment | Getty ImagesFrench accounting software firm Pennylane has doubled its valuation to 2 billion euros ($2.16 billion) in a new 75 million euro funding round.Pennylane told CNBC that it raised the fresh funds from a host of venture funds,...

China’s tech rally is just getting started, despite tariff shocks

Worries about tariffs may have rattled global investors, but analysts still expect China’s technology sector to keep riding this year’s wave of interest in homegrown generative artificial intelligence. The latest salvo of U.S. tariffs on China and its...

Here’s why ‘dead’ investors outperform the living

Andrew Fox | The Image Bank | Getty Images”Dead” investors often beat the living — at least, when it comes to investment returns.A “dead” investor refers to an inactive trader who adopts a “buy and hold” investment strategy. This...

Stocks making the biggest moves midday: Palantir, Caterpillar, Apple, JPMorgan Chase and more

Check out the companies making headlines in midday trading: Bank stocks — Major banks declined on Friday, as President Donald Trump’s new tariff policies increasingly raised fears of a U.S. economic pullback. Shares of JPMorgan , Morgan Stanley and Wells Fargo...

Powell sees tariffs raising inflation and says Fed will wait before further rate moves

Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump’s tariffs to raise inflation and lower growth, and indicated that the central bank won’t move on interest rates until it gets a clearer picture on the ultimate...

Buffett denies social media rumors after Trump shares wild claim that investor backs president crashing market

Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan video that claimed the president is tanking the stock market on purpose with the endorsement of the legendary investor.Trump on Friday shared...

Watch Fed Chair Jerome Powell speak live on interest rates and tariffs

[The stream is slated to start at 11:25 p.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chair Jerome Powell speaks Friday to the Society for Advancing Business Editing and Writing conference in Arlington, Virginia.The...

Stocks making the biggest moves premarket: Apple, Boeing, JPMorgan Chase and more

Check out the companies making headlines before the bell: Big banks — Bank stocks took a hit over increasing fears of a U.S. economic pullback amid an escalating global trade war. Goldman Sachs and Morgan Stanley each lost 6%, while JPMorgan Chase , Citigroup and...

Traders betting Fed will cut rates at least 4 times this year to bail out economy

Traders work on the floor of the New York Stock Exchange during morning trading on April 03, 2025 in New York City. Michael M. Santiago | Getty ImagesTraders are now betting the Federal Reserve will cut interest rates at least four times this year, amid fears...