Federal Reserve Chair Jerome Powell warned of potential economic damage from President Trump’s tariffs during a speech at the Economic Club of Chicago. He emphasized that the tariffs […]
Banks
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Trump Removes Two Democratic Members from Credit Union Regulator Board
The Trump administration has fired two board members from the credit union regulator, a move that raises concerns about the independence of the Federal Reserve. This unexpected shake-up […]
Banks
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JPMorgan Chase Sues Customers Over ‘Infinite Money’ ATM Glitch
JPMorgan Chase, the largest bank in America, is taking legal action against additional customers accused of exploiting an ‘infinite money’ ATM glitch that became widely known on TikTok […]
Banks
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China’s Credit Expansion Surpasses Expectations in March
China’s credit expansion exceeded forecasts in March due to an increase in government bond offerings aimed at mitigating the economic impact of rising US tariffs on Chinese exports. […]
Banks
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IMF and World Bank Approve Bailout Packages for Argentina
The International Monetary Fund (IMF) and the World Bank have approved new bailout packages for Argentina. These include a $20 billion (\€18.5 billion\) IMF bailout and a $12 […]
Banks
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JPMorgan, Wells Fargo, and Morgan Stanley Exceed Q1 Expectations as Jamie Dimon Stresses Global Economic Unity
JPMorgan, Wells Fargo, and Morgan Stanley have all reported better-than-expected results for the first quarter of the year. During a recent earnings call, JPMorgan CEO Jamie Dimon emphasized […]
Banks
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Jamie Dimon Expects S&P 500 Earnings Estimates to Drop as Companies Withdraw Guidance
JPMorgan Chase CEO Jamie Dimon stated that he anticipates a decline in S&P 500 earnings estimates due to the uncertainty surrounding trade negotiations. During a press call discussing […]
Banks / Technology
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Zelle Discontinues Stand-Alone Mobile App
Zelle, one of the most popular digital payment services in the U.S., has discontinued its stand-alone mobile app. However, the service remains available through bank websites and apps. […]
Banks
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Robinhood Launches Banking Platform with Home Cash Delivery for Premium Members
Robinhood is set to launch an online banking platform for its premium members this fall, featuring home cash delivery services. The financial technology company, headquartered in California, announced […]
Banks
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Robinhood Launches Banking Services with Physical Cash Delivery Option
Robinhood is expanding its financial services by introducing a fully online banking platform. This fall, Robinhood Gold subscribers will have access to checking and savings accounts through Robinhood […]