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Latest Financial News

World's first ATM machine turns to gold on 50th birthday

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Five decades since it heralded a transformation in the way people obtained and used cash, the world's first ATM was turned into gold for celebrations of its fiftieth anniversary.

Jun 27

Meditating on life with hip-hop entrepreneur Russell Simmons

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If there is one American entrepreneur who seems to thrive across multiple industries and spanning different eras, it would have to be Russell Simmons.

Jun 26

Your money: Now you can get miles for your student loan

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Dana Friend was skeptical about all the offers flooding her inbox to refinance her student loan with a private company, but what sold her in the end was not the offer to cut her...

Jun 26

Deutsche Bank's chief U.S. economist LaVorgna steps down: Bloomberg

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Deutsche Bank AG's chief U.S. economist Joe LaVorgna left last week after about 20 years with the bank and plans to "work elsewhere in financial services," Bloomberg said on...

Jun 26

Hedge fund PSAM buys stake in CdR Capital

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Hedge fund firm P. Schoenfeld Asset Management has bought a minority stake in CdR Capital, the two investment managers said in a statement on Monday.

Jun 26

Berkshire bulks up in real estate with Store Capital stake

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Berkshire Hathaway Inc has taken a nearly 10 percent stake in the real estate investment trust Store Capital Corp, adding to bets in the sector by the conglomerate controlled by...

Jun 26

Investing with 'green' ratings? It's a gray area

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Investors betting trillions on ethically-appealing stocks may not be getting all they expect.

Jun 26

Biggest U.S. banks clear first hurdle in Fed's annual stress tests

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The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to...

Jun 23

Column: Big Social Security COLA will be offset by Medicare premiums

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Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 - but don’t break out the champagne just yet. For many, higher Medicare...

Jun 22

U.S. stock fund flows decline week after one of biggest inflows of 2017

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Investors pulled back from U.S.-based stock funds after pouring the most cash into those investments since February the previous week, Lipper data showed on Thursday.

Jun 22