Jamie Dimon on Capital One's $35.3 billion Discover acquisition: 'Let them compete'
Dimon acknowledged that if regulators approve the Capital One-Discover deal, his bank will be eclipsed as the nation's biggest credit card lender.
Major airlines raised fees for checked bags. Here are 7 ways to cut costs
Alaska Airlines, American Airlines, JetBlue Airways and United Airlines increased checked-bag fees in 2024. There are ways for travelers to cut...
Berkshire shares jump after big profit gain as Buffett’s conglomerate nears $1 trillion valuation
The Omaha-based conglomerate on Saturday posted strong fourth-quarter operating earnings of $8.481 billion, about 28% higher than the $6.625...
Xiaomi bets big on its new electric vehicle — targets 20 million premium users
Xiaomi is putting a premium price on its first electric car because it already has about 20 million users in that segment, Group President Weibing...
After doubts about Alibaba's future, co-founder Joe Tsai says: 'We're back'
Chinese e-commerce giant Alibaba is back on track to be a top market player after a period of pressure, co-founder Joe Tsai told CNBC's Emily Tan.
This shift in the Treasury market may set investors up for solid gains
Two market experts tackle investors' renewed appetite toward intermediate-term Treasury bonds.
Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size
Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size.
Warren Buffett calls the late Charlie Munger 'part older brother, part loving father' in heartfelt tribute
In his must-read annual letter Saturday, the 93-year-old "Oracle of Omaha" detailed Munger's instrumental role in helping him expand his conglomerate.
Credit card interest rates are at record highs. Cards have 'never been this expensive,’ CFPB says
Credit card APRs are at all-time highs. One reason: Issuers appear to be raising their profit margins, according to the Consumer Financial...
Capital One’s acquisition has $1.4 billion breakup fee if rival bid emerges, but none if regulators kill deal
Capitol One agreed to purchase rival credit card player Discover for $35.3 billion.