Money

Banking & Insurance

Markets took a hit after yet another red-hot inflation report showed consumer prices surging to new 40-year highs.

Rather than slowing growth in the BNPL sector, regulatory scrutiny will help it grow up by shutting out smaller lenders, boosting the industry’s reputation and integrating it into the credit reporting system.

Corporate earnings kick off this week and are “under pressure” as recession fears escalate, analysts warn.

Some analysts believe Occidental Petroleum shares don’t have much room left to run after a massive rally this year.

Investors are expecting another red-hot inflation reading this week.

The market has moved into a “good news is bad news phase,” experts say.

The IRS has asked the Treasury Department’s internal tax watchdog to look into reports former FBI Director James Comey & his deputy Andrew McCabe, foes of Trump, were both subjected to rare and intensive IRS audit. The IRS has denied any wrongdoing.

Investors are hoping new leadership can help turnaround the business and reverse recent stock struggles.

In under a year, retail brokerage juggernaut Robinhood has lost more than $50 billion in market capitalization. Are its languishing shares a bargain for potential acquirers?

The stock market moved higher on Thursday, looking to build on recent gains a day after the Federal Reserve reaffirmed its commitment to bringing down inflation with more big rate hikes and tighter monetary policy.

Stocks are rallying despite ongoing recession fears.

Federal Reserve officials reaffirmed their commitment to fighting inflation with big rate hikes and pledged to use “more restrictive policy” as needed, especially amid “significant risk” that high consumer prices could become “entrenched” for longer.

Fed officials could raise rates by 50 or 75 basis points later this month.

Oil markets are pricing in recession concerns but many analysts remain bullish.

Oil prices are stuck in a “tug-of-war between supply and growth concerns,” experts say.

Investors are still “very anxious” and markets still choppy amid rising recession risks.

Banks that rely on: 1) branches to attract and sell; 2) geography to determine who to sell to; and 3) customer experience to differentiate won’t produce acceptable levels of growth and return on assets. Banks need to choose between an embedded finance and embedded fintech strategy to drive profits.