JPMorgan's Apple Card Gambit: How a $2.2 Billion Bet Reshapes Consumer Banking
JPMorgan Chase reports Q4 earnings Tuesday with a $2.2 billion provision for the Apple Card acquisition. Here's what the deal means for the bank and cardholders.
107 articles found for "savings"
US Oil Production Set to Decline in 2026 as Drillers Retreat from Low Prices
The EIA forecasts US oil production will drop by 100,000 barrels per day in 2026 as low prices force drillers to scale back operations in the Permian Basin.
Amazon's Race to the $3 Trillion Club: How AI Investments Position the Retail Giant for Elite Status
Amazon could join the $3 trillion club by year-end 2026, powered by accelerating AWS growth and its massive AI infrastructure investments.
Wall Street's 2026 Valuation Paradox: Record Highs Despite 153-Year Warning Signs
The S&P 500 sits near record highs at 22x forward earnings, a valuation seen only twice in 153 years. Here's why bulls and bears both have a point.
Stablecoins Enter Core Finance: How the GENIUS Act Is Transforming Digital Dollars
The GENIUS Act created America's first comprehensive stablecoin framework. Six months later, Tether and Circle are reshaping payments while banks scramble to compete.
Jet Fuel Prices Set to Plunge in 2026: Why Airlines Face Their Best Margin Environment in Years
IATA forecasts jet fuel costs dropping to $88 per barrel in 2026 as Brent crude slides toward $55. Airlines could see fuel costs fall to 25.7% of operating expenses.
Trump Says Fed Chair Decision Is Made: The 'Two Kevins' Race for America's Most Powerful Economic Job
President Trump confirms he has chosen Jerome Powell's replacement as Federal Reserve Chair, with Kevin Hassett and Kevin Warsh emerging as the top contenders for the January announcement.
Bessent Calls Fed Rate Cuts the 'Missing Ingredient' for Economic Growth
Treasury Secretary Scott Bessent urges the Federal Reserve to continue cutting interest rates, calling lower borrowing costs the key to unleashing stronger growth.
Bond Market Flashes Warning: 10-Year Treasury Yields Climb to 4.18% as Inflation Fears Resurface
Treasury yields are climbing despite rate cuts, signaling that bond investors aren't convinced inflation is under control. Here's what it means for your portfolio.
The Buffett Era Ends: Warren Buffett Officially Steps Down as Berkshire Hathaway CEO
At 95, Warren Buffett has officially retired as Berkshire Hathaway CEO, handing the reins to Greg Abel. The legendary investor's 60-year tenure reshaped American capitalism.
Saks Global's $2.2 Billion Reckoning: Luxury Retail Giant Set to File Bankruptcy This Weekend
Saks Global Enterprises, owner of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, is preparing to file Chapter 11 bankruptcy as early as Sunday.
Goldman Sachs Completes Consumer Banking Exit: The Strategic Pivot That Reshapes Wall Street
With the Apple Card transfer to JPMorgan finalized, Goldman Sachs has substantially completed its retreat from consumer banking—a $4 billion lesson in strategic focus.