TOKYO — The Bank of Japan raised its key interest rate to about 0.5% from 0.25%…
Financial services
How major US stock indexes fared Wednesday, 1/15/2025
U.S. stocks ripped higher after an encouraging update on U.S. inflation. The S&P 500 jumped 1.8%…
JPMorgan posts record annual profits as US banks thrive in final quarter of 2024
JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the…
UK inflation unexpectedly eases in December, which could reduce bond markets pressure
LONDON — Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel…
Capital One sued by US watchdog alleging bank cheated customers out of $2 billion
NEW YORK — A U.S. watchdog is suing Capital One for allegedly misleading consumers about its…
Stock market today: Wall Street ticks up ahead of latest inflation data, start of earnings season
Wall Street pointed modestly higher early Tuesday ahead of new data on inflation and the kickoff…
Federal Reserve officials at December meeting expected slower pace of rate cuts ahead
WASHINGTON — Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace…
Billion-dollar donation from Netflix’s Reed Hastings leads 2024’s list of biggest gifts
The Chronicle’s annual list of the biggest charitable donations from individuals or their foundations totaled nearly…
Why is tech giant SoftBank investing over $100 billion in the US?
BANGKOK — Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and…
Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees
Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized…