Financials

The average contract interest rate for 30-year fixed-rate mortgages increased to 3.08% from 2.98%.

Square Inc raised the bets on bitcoin by investing $170 million more and Chief Executive Jack Dorsey promised on Tuesday to “double down” on the payment firm’s commitment to the world’s biggest cryptocurrency.

The company has launched a search for Bell's permanent replacement, noting that they are seeking a CFO with "the capabilities and qualifications to help accelerate GameStop’s transformation." The search, which will evaluated both internal and external candidates, is being conducted by a "leading executive search firm." 

JPMorgan Chase has announced a series of new initiatives Tuesday to support Minority Depository Institutions (MDIs) and diverse-led Community Development Financial Institutions (CDFIs) as part of a $30 billion commitment to advancing racial equity over the next five years, especially for Black and Latinx Communities. 

The VA delivers approximately $118 billion annually in benefits and services for veterans and their families, ranging from disability compensation, pension and fiduciary, education, home loan guaranty, vocational rehabilitation and employment, life insurance, and transition and economic development.

Billionaire Mark Cuban talks about what he believes is wrong with financial markets.

Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat's compensation for 2020 would be $19 million, a 21% decrease from 2019, according to a regulatory filing.

Twitter Inc Chief Executive Jack Dorsey said Wednesday the company is exploring allowing its users to receive tips, or digital payments, from their followers.

FOX Business anchor Larry Kudrow slammed New York on Wednesday for proposing a “phony policy” that could cause the NYSE to leave for another state with better tax incentives.

Wells Fargo announced equity investments in six African American Minority Depository Institutions as part of its $50 million commitment last year to support economic growth in Black communities. 

Investors who feel wronged by Robinhood Markets Inc.’s decision to restrict trading in some securities could take revenge.

PayPal's processed payments in the latest quarter rose 39% to $277.1 billion, with an additional 16 million net new active customers

Behind GameStop's stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming.

Charles Schwab CEO suggests its in the big leagues, Robinhood not just yet.

Financial regulators are expected to emphasize racial equity as they focus on consumer protection and expanding access to financial services.

Wells Fargo Chief Executive Officer Charles Scharf's annual pay fell by about $3 million, or 12%, in 2020, a regulatory filing showed on Friday.

Robinhood stopped customers from buying a number of shares on Thursday due to large amounts of trading in those stocks, according to the company's blog post

New York Attorney General Letitia James announced she is looking into recent activity on Robinhood after the trading platform restricted trading of certain securities Thursday, resulting in multiple lawsuits against the company. 

The bank will withhold $174 million in compensation from current & former execs

The world’s 20 best-performing hedge funds earned $63.5 billion for clients in 2020, setting a record for the last 10 years during a chaotic time when technology oriented stocks led a dramatic rebound from a pandemic induced sell-off, LCH Investments data show.