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NEW YORK (AP) — The lights are on at the Consumer Financial Protection Bureau across the street from the White House, and employees still get paid. But, in practice, the bureau has been mostly inoperable for nearly six months. CFPB employees say they essentially spend the workday sitting on their hands, forbidden from doing any work by directive from the …

U.S. Inflation Accelerated in June as Trump’s Tariffs Pushed Up Prices  The New York Times Inflation picks up again in June, rising at 2.7% annual rate  CNBC Live: Analysis of US CPI Report for June  Bloomberg.com Inflation heats up in June amid fears of Trump trade war effects  Axios US inflation rebounded in June to highest level in four months  CNN Source link

Jane Fraser, CEO, Citigroup, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Citigroup reported second-quarter results on Tuesday that topped analyst expectations after a three-month period that saw the bank’s stock dramatically outperform the market. Citigroup’s net income of …

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Bitcoin Pulls Back as Record Rally Triggers Profit Taking  Bloomberg.com Bitcoin tops $120,000 for the first time  CNN What is the US’s Crypto Week? Why has Bitcoin hit a record high?  Al Jazeera Bitcoin Price Soars Past $120,000 at Outset of House’s ‘Crypto Week’  The New York Times Bitcoin becomes world’s fifth-largest asset by market cap, surpassing Amazon as price hits $122,000  The Block Source …

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JPMorgan Chase tops earnings estimates for sixth straight quarter as company cites ‘resilient’ economy  MarketWatch JPMorgan Chase is set to report second-quarter earnings – here’s what the Street expects  CNBC JPMorgan gets a dealmaking boost as Wall Street recovered from tariff tumult  Yahoo Finance JPMorgan’s Jamie Dimon warns of ‘significant risks’ to US economy over Trump trade policies  New York Post US bank earnings …

Bessent Says ‘Formal Process’ for Powell Succcessor Has Started  BloombergView Full Coverage on Google News Source link

SAN RAFAEL, CALIFORNIA – APRIL 11: A sign is posted in front of a Wells Fargo bank office on April 11, 2025 in San Rafael, California. Wells Fargo reported first-quarter earnings that fell short of analyst expectations with revenue of $20.15 billion compared to the expected $20.75 billion. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | …

JPMorgan’s Surprise Dealmaking Gain Signals Tariff Fear Easing  Bloomberg.com JPMorgan Chase is set to report second-quarter earnings – here’s what the Street expects  CNBC JPMorgan gets a dealmaking boost as Wall Street recovered from tariff tumult  Yahoo Finance JPMorgan’s Dimon Warns of ‘Significant’ Risks to ‘Resilient’ Economy  Barron’s JPMorgan’s profit slips as prior-year accounting gain skews comparison  Reuters Source link