Finance Latest investing news and finance headlines straight from Wall Street.
- U.S. regulators toss out rules requiring banks to prepare for climate changeat 7:38 pm
The Fed and others no longer believe the requirements are necessary as they are redundant with other provisions banks already make to plan for emergencies.
- BlackRock’s crypto push deepens with a retooled product to serve stablecoin issuersat 4:40 pm
This latest move from Larry Fink's firm aims to further capitalize on the boom in stablecoin demand, BlackRock first told CNBC.
- Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point moveat 3:35 pm
The central bank policymaker indicated that he still expects his colleagues to vote for another quarter-point reduction.
- CEOs of Wells Fargo and Pfizer caution the U.S. could lose its edge to China without innovationat 2:39 pm
Speaking at CNBC's Invest in America Forum, the CEOs said the U.S. still leads in many sectors, but inconsistent policy and underinvestment is ceding ground.
- Fed's Miran sees China trade tensions as a further reason for quick interest rate cutsat 2:37 pm
Miran said the latest impasse in trade talks between the U.S. and China poses new dangers to the economic outlook.
- Alibaba says its AI spending in e-commerce is already breaking evenat 11:01 am
The Chinese tech giant is spending tens of billions of dollars on AI despite concerns that companies are spending too much on the tech with limited results.
- Fintech startup Upgrade valued at $7.3 billion in new funding roundat 11:00 am
Upgrade raised $165 million in a new funding round that valued the fintech startup at $7.3 billion.
- Morgan Stanley posts massive third-quarter earnings beatat 9:03 pm
Wall Street-centric banks like Morgan Stanley and peer Goldman Sachs are in an ideal moneymaking environment.