Construction on the Marriner S. Eccles Federal Reserve Board Building in Washington, Jan. 12, 2026. Pete Kiehart | Bloomberg | Getty Images The Federal Reserve kept its benchmark interest rate unchanged Wednesday at the conclusion of its first policy decision of the year. In the face of escalating political pressure from President Donald Trump, a softening…
Brad Gerstner, Altimeter CEO, speaking with CNBC on Jan. 28th, 2026 in Washington, D.C. CNBC Altimeter Capital CEO Brad Gerstner announced Wednesday a commitment to seed Trump accounts, a type of investment account for kids, for children in his home state of Indiana. “I’m going to contribute dollars to kids in Indiana,” Gerstner, a hedge fund manager who…
Treasury Secretary Scott Bessent said “600,000 families out of an estimated 25 million” have already signed up for Trump accounts since the official start of tax season on Monday. “We want all Americans to start signing up,” he said in an interview with CNBC. Bessent also attended a summit on Wednesday with President Donald Trump to promote Trump…
OVER THE PACIFIC OCEAN — The 112 passengers on this Southwest Airlines red-eye flight from Honolulu to Los Angeles were the last in the airline’s more than 54-year history to scramble for a seat on board. Before dawn on Tuesday, Southwest ended its quirky (or anxiety-inducing, depending on the traveler) open-seating policy in favor of…
Nicki Minaj attends the 2025 Met Gala Celebrating “Superfine: Tailoring Black Style” at Metropolitan Museum of Art on May 05, 2025 in New York City. Dia Dipasupil | Getty Images Rap artist Nicki Minaj will contribute between $150,000 and $300,000 to fund her fans’ Trump accounts. The Grammy-nominated star will attend a summit on Wednesday with President…
A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Shoe brand Allbirds on Wednesday became the latest retailer to shift its focus from physical stores to online retail to increase profitability. The company announced that it will close its remaining…
Hirurg | E+ | Getty Images As tax season opens and the IRS prepares for millions of returns, the agency’s internal watchdog warns that certain taxpayers could have problems in 2026. While the 2025 filing season was generally a “smooth experience,” the current year could present “greater challenges” for some filers, National Taxpayer Advocate Erin…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks at the US Chamber of Commerce in Washington, Jan. 15, 2026. Luke Johnson | Bloomberg | Getty Images JPMorgan Chase and Bank of America said Wednesday in separate announcements that the firms will match the U.S. government’s one-time $1,000 contribution to children’s retirement savings…
People walk onto an escalator under a Starbucks coffee sign in Manhattan on Dec. 2, 2025 in New York City. Spencer Platt | Getty Images Starbucks on Wednesday reported mixed quarterly results as the company’s turnaround propels traffic growth for the first time in two years but weighs on its bottom line. “Our Q1 results…
A five-month process of finding the next Federal Reserve chair appears to be down to its final days, with one candidate emerging as the betting favorite even as others remain in the mix. BlackRock fixed income chief Rick Rieder is seen by prediction markets as the frontrunner to replace Jerome Powell at the helm of…