CNBC’s Robert Frank reports on how Oracle co-founder and chairman Larry Ellison’s net worth has grown by more than $100 billion in the past day.
American Express unveils refreshed Platinum card with $895 annual fee, upping the ante in luxury cards
American Express’ move highlights an arms race of sorts when it comes to catering to wealthy consumers. JPMorgan and Citi released updated or new cards recently.
Dinner for nearly $15,000 — the cost of a meal with DBS bank CEO
A charity auction in Singapore featured a private dinner with DBS Group’s first female CEO Tan Su Shan. The experience fetched a winning bid of over $14,000.
Huawei touts ‘world’s most powerful’ AI chip cluster as Nvidia’s China challenges mount
The company said it plans to launch the new supercluster as soon as next year.
Here are five key takeaways from the Fed’s big interest rate decision
The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate cut.
DoubleLine’s Jeffrey Gundlach believes holding a 25% gold position isn’t excessive
Gundlach’s gold call is also partly based on his belief that inflation will stay stubbornly elevated because of the impact from tariffs.
Fed approves quarter-point interest rate cut and sees two more coming this year
The Federal Reserve on Wednesday released its decision on interest rates and updated its economic projections.
Fed forecasts only one rate cut in 2026, a more conservative outlook than expected
The Fed’s dot plot, which shows 19 individual members’ expectations, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026.
New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together
Newly confirmed Federal Reserve Governor Stephen Miran dissented from the central bank’s decision.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in July.