Finance

Bill Clark | CQ Roll Call | Getty Images Facebook CEO Mark Zuckerberg arrives for his meeting with Sen. Bill Nelson, D-Fla., in the Hart Senate Office Building on Monday, April 9, 2018. Zuckerberg is on Capitol Hill to testify before the House and Senate this week. Hedge funds hiked …

SeongJoon Cho | Bloomberg | Getty Images President of China, Xi Jinping. Shares of U.S. automakers jumped Tuesday after China’s president unveiled a plan to “open” the country’s economy. Tesla rose 4.5 percent while Fiat Chrysler climbed 2.6 percent, Ford Motor rose 2.1 percent and General Motors gained 1.9 percent. …

Goldman’s trading business has recently struggled, with fixed income, currencies and commodities revenue down 50 percent year over year in the fourth quarter. The bank has looked to move away from its trading business as it focuses on more successful areas of the company. Its investment banking arm, for example, …

Ander Gillenea | AFP | Getty Images A man incarnating a ‘Toro de Fuego’ (bull of fire) chases people during the San Fermin Festival on July 8, 2017, in Pamplona, Spain. Goldman Sachs is encouraging clients to buy shares of companies with organic sales growth ahead of the first quarter …

David Mareuil | Anadolu Agency | Getty Images People gathering near the Japan Parliament hold placards against Japanese Prime Minister Shinzo Abe as Yasunori Kagoike, head of the Moritomo Gakuen group, gives sworn testimony in the Diet on March 23, 2017. Japan’s Finance Ministry proposed crafting a cover story with …

One of Wall Street’s veteran economic forecasters is toning down his economic growth forecast. The Economic Cycle Research Institute’s Lakshman Achuthan told CNBC his leading indicators are pointing to a slowdown that’s picking up momentum — highlighting one particular trend in the latest unemployment rate chart that supports his case. …

Daniel Acker | Bloomberg | Getty Images Charles Evans, president of the U.S. Federal Reserve Bank of Chicago. Chicago Federal Reserve President Charles Evans one of the Fed’s most dovish policymakers, said Saturday that he is optimistic inflation will reach the Fed’s 2 percent goal and that slow, gradual rate …

Getty Images Federal Reserve Board Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill February 27, 2018 in Washington, DC. Federal Reserve Chair Jerome Powell opted against wading too far into the tariff battle during a speech Friday, though he …

The U.S. Securities and Exchange Commission obtained an emergency freeze of $27 million in trading profits involving the CEO of cryptocurrency company Longfin and three other people, the agency said in a statement Friday. Longfin’s stock was halted on the Nasdaq as of 10:01 a.m. ET on the SEC alert …

Shares of Wynn Resorts rose Friday after a report said MGM Resorts could be interested in buying its casino rival. MGM’s expressed interest in Wynn came from back-channel approaches, sources familiar with the situation told the New York Post. Despite earlier claims by MGM chief executive James Murren that it …