Business

JPMorgan Chase wins battle with fintech companies over fees

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💥 Check out this must-read post from Business News 📖 📂 Category: 📌 Here’s what you’ll learn: An outside view of JPMorgan Chase's new global headquarters building at 270 Park Avenue on November 13, 2025 in New York City. Angela Weiss | AFP | Getty ImagesJPMorgan Chase CNBC has secured deals that ensure it gets its money from the fintech companies responsible for nearly all data requests made by third-party apps linked to customers' bank accounts, CNBC has learned.The bank has signed updated contracts with fintech brokers that account for more than 95% of data withdrawals on its systems, including…

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Consumers flash holiday warning signs

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💥 Explore this must-read post from Business News 📖 📂 Category: ✅ Key idea: Shoppers walk through Manhattan on Nov. 7, 2025, in New York City.Spencer Platt | Getty ImagesHigh-income consumers are trading down, Gen Z is spending less, and low-income shoppers are still struggling, according to many consumer companies that shared their latest quarterly results in recent weeks.Those trends may not bode well for the big-box and mall retailers that have yet to report their earnings. That is, unless the strength of their brands — or high-income consumers who see their products as a good deal — help them…

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Walmart CEO Doug McMillon will retire in January

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✨ Discover this must-read post from Business News 📖 📂 Category: 📌 Main takeaway: Walmart CEO Doug McMillon will retire early next year, after overseeing the transformation of the largest U.S. retailer into an e-commerce giant. The company said Friday in a filing.The longtime CEO will succeed John Furner, Walmart's US CEO, on February 1, according to the filing.McMillon, who took the top job at Walmart in February 2014, will officially retire effective Jan. 31. He will continue to serve as CEO of the company and will be appointed to Walmart as a consultant until January 31, 2027.Forner, 51, has…

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Billionaire families choose to buy sports teams rather than art and cars

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💥 Read this insightful post from Business News 📖 📂 Category: ✅ Main takeaway: The New Jersey Devils celebrate after Simon Nemec #17 scores the game-winning goal in double overtime of Game 3 of the first round of the 2025 Stanley Cup Playoffs against the Carolina Hurricanes at Prudential Center on April 25, 2025 in Newark, New Jersey.Andrew McLean | National Hockey League | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. subscription To receive future issues, directly to your inbox.For the wealthy,…

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Dr. Horton uses prophetic AI to build more homes

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🚀 Explore this must-read post from Business News 📖 📂 Category: 📌 Here’s what you’ll learn: Dr. Horton signs stand in front of homes under construction at the Eastridge Woods development in Cottage Grove, Minnesota.Daniel Acker | Bloomberg | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olek. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. subscription To receive future issues, directly to your inbox.Dr. Hortonthe nation's largest homebuilder, is tapping an…

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Let your children read your will first

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🚀 Explore this trending post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Warren Buffett,Business Leaders,Business 💡 Key idea: Key takeaways Warren Buffett recommends letting adult children review your will before signing it to ensure they understand your decisions and their future responsibilities. Buffett said he receives questions and comments from his three children and often adopts their suggestions when updating his will. Open discussions about inheritance plans can prevent family conflicts and jealousy that often arise after the death of a parent. Legendary investor Warren Buffett offers smart estate planning advice for all parents, regardless…

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This is when federal workers will receive their back pay

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💥 Read this awesome post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Government News,News ✅ Key idea: Key takeaways Thousands of federal workers who have been furloughed or working without pay during the government shutdown will receive their wages within days.An estimated 730,000 are working without pay and 670,000 are on furlough, losing about $14.6 billion in collective wages.The law requires that the late payment be disbursed as quickly as possible. Finally, millions of missing paychecks are about to hit federal employees' bank accounts as the government reopens after its 43-day shutdown.With the government now…

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Who is Michael Burry? The doctor-turned-investor who predicted the 2008 crash

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💥 Check out this awesome post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Business Leaders,Business ✅ Here’s what you’ll learn: Key takeaways Michael Burry is an investor who profited from the subprime crisis by shorting the 2007 mortgage bond market, making $100 million for himself and $700 million for his investors.Puri closed his hedge fund, Sion Capital, in 2008. In 2013, he founded his own investment firm, Sion Asset Management.Burry deregistered his company Scion Asset Management in November 2025, meaning he was no longer required to file reports with state and regulators, according to CNBC.Perry…

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7 side hustles Gen Z will use to build wealth in 2025

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💥 Explore this must-read post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Personal Finance ✅ Key idea: More than half (57%) of Gen Zers say they have a side hustle, more than double the rate of older generations. For many young people, the traditional 9-to-5 job is not the endgame. Instead, they embrace what some call “professional minimalism,” where a day job pays the bills while a side project fuels their passion, creativity, or entrepreneurial dreams. Making money on the side is no longer just about knocking on doors, delivering catalogs, moving people, mowing the…

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It’s Red Cup Day at Starbucks. Here’s what to do if you miss out.

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🚀 Read this insightful post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Company News,News ✅ Key idea: Key takeaways Starbucks is handing out reusable red cups on Thursday as part of its annual Red Cup Day promotion, which aims to reduce single-use waste.Dozens are already selling the limited-edition mug on eBay for prices up to $80. Are you out of Starbucks red cups? Don't worry: thanks to eBay, every day can be Red Cup Day. Starbucks (SBUX) is hosting its annual Red Cup Day, where customers who order a holiday drink on Thursday will be…

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