In a flurry of Friday afternoon activity, Fidelity Investments led a handful of firms that filed a fresh set of applications for a spot-Bitcoin exchange-traded fund to add new details after the US Securities and Exchange Commission indicated that the initial filings were insufficient.
UK business confidence suffered a sudden collapse in June as fears mounted of a renewed push by the Bank of England to tame inflation.
The rally in tech megacaps gained further traction, with the Nasdaq 100 notching its best ever first-half of a year and Apple Inc. hitting the $3 trillion milestone.
President Joe Biden announced he will try a new legal avenue to provide student-loan borrowers with relief after the Supreme Court struck down his initial plan to forgive billions of dollars in debt, undoing one of his signature initiatives.
A former director in Wells Fargo & Co.’s subscription finance group sued the bank alleging he faced racial bias in personal dealings, client allocation, performance reviews, his bonus and, finally, his firing.
JPMorgan Chase & Co., Wells Fargo & Co., Morgan Stanley and Goldman Sachs Group Inc. led US banks in announcing higher dividends after every lender subject to this year’s Federal Reserve stress tests passed the exam.
Cboe Global Markets Inc. on Friday filed proposals with the US Securities and Exchange Commission for Bitcoin exchange-traded funds to be offered by Fidelity Investments, VanEck, WisdomTree and Invesco.
Bank stocks notched their first monthly gain since before the collapse of Silicon Valley Bank in March after passing the Federal Reserve’s stress test.
Goldman Sachs Group Inc. is considering exiting its partnership with Apple Inc., according to the Wall Street Journal, severing a relationship that helped vault the iPhone maker into the finance world.
The racial gap in denial rates for home-purchase loans widened last year as the Federal Reserve began tightening credit conditions via interest-rate increases, according to new data from US regulators.
