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Latest in Fintech stocks plummet as Wall Street worries about consumer spending, credit

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  • Latest news on stock markets plunging amid fears of a recession

    U.S. stocks plummeted as fear among investors grows over the country's economic future. CBS News' Weijia Jiang reports from the White House, and Kelly O'Grady and Javier David have more on the ...
    CBS News - 21h
  • Wall Street sell-off pulls S&P 500 into correction territory

    Wall Street sell-off pulls S&P 500 into correction territory

    Donald Trump’s latest trade broadside against Canada sparks renewed declines in volatile session
    Financial Times - 40m
  • When It Comes to the Economy, Does Trump Have Musk’s Pain Tolerance?

    When It Comes to the Economy, Does Trump Have Musk’s Pain Tolerance?

    Wall Street’s slide puts pressure on Musk and Trump, for different reasons.
    The New York Times - 19h
  • Positive Job Numbers in February Don’t Erase Worries About the Economy

    Positive Job Numbers in February Don’t Erase Worries About the Economy

    Official data showed businesses added 151,000 new jobs last month, outpacing January but unlikely to allay rising fears of slowing growth.
    Inc. - 4d
  • Los Angeles Wildfires Leave Residents Worried About Contaminated Soil

    Los Angeles Wildfires Leave Residents Worried About Contaminated Soil

    Federal agencies are removing topsoil from burned areas but will not test it for contaminants. So scientists and residents are testing fire-affected properties themselves.
    The New York Times - 1d
  • Uncertain Shoppers Slow Spending as Retailers Temper 2025 Expectations

    Uncertain Shoppers Slow Spending as Retailers Temper 2025 Expectations

    The Conference Board said consumer confidence took its biggest one-month slide in four years, forcing many national chains to lower earnings guidance.
    Inc. - 4d

  • Celine Dion warns fans about 'fake and not approved' AI-generated music credited to her

    Celine Dion warns fans that 'new' music circulating online was generated by AI, not by the singer. 'These recordings are fake and not approved,' her team says.
    Los Angeles Times - 1d
  • Trump deported fewer people last month than Biden a year ago, but border crossings have plummeted

    Trump deported fewer people last month than Biden a year ago, but border crossings have plummeted

    NBC News obtained data that provides early indications on how the Trump administration is delivering on promises it made about the immigration crackdown.
    NBC News - 23h
  • Trump and the Fed Sound More Optimistic About the Economy Than Investors

    Trump and the Fed Sound More Optimistic About the Economy Than Investors

    Traders are selling stocks even as Jerome Powell and the White House convey confidence about markets.
    Inc. - 1d

  • Investors fear that market turmoil will no longer rein in Trump

    Also in today’s newsletter, meet the revered Wall Street veteran with two protégés planted in the president’s inner circle
    Financial Times - 5h
  • Trump escalates US-Canada trade war with 50% tariff on steel and aluminium

    Trump escalates US-Canada trade war with 50% tariff on steel and aluminium

    Additional levies intensify a Wall Street sell-off and push the S&P 500 into so-called correction
    Financial Times - 51m

  • Boosted defence spending will come at cost of manifesto pledges

    Government should level with public about which promises it cannot afford to keep
    Financial Times - 1d

  • Stocks are falling as Trump comments on risks of a recession

    Stocks are still tumbling as President Trump leaves the door open for a potential recession in the U.S. economy, and as other nations unleash retaliatory tariffs. This comes as the United Auto ...
    CBS News - 23h
  • Inflation Data Test May Rock Unsteady Stock Market

    Inflation Data Test May Rock Unsteady Stock Market

    The U.S. consumer price index report could generate concerns if inflation is still simmering.
    Inc. - 1d

  • U.S. stocks fall as recession fears grow

    The Dow Jones shed nearly 900 points on Monday as tariffs, mounting federal layoffs and consumer confidence started to weigh on the economy. Adding to the chaos is the potential for another ...
    CBS News - 20h

  • 3/10: The Daily Report

    Lindsey Reiser reports on the stock market’s plummet following President Trump's comments on a possible recession, the Trump administration's cancelation of most remaining USAID programs and ...
    CBS News - 7h

  • Justice Department is looking into egg prices in antitrust probe, report says

    A report in The Wall Street Journal says DOJ investigators are looking into whether egg producers are working together to keep egg prices high.
    CNBC - 3d
  • Tesla shares plunge 15%, steepest drop in five years

    Tesla shares plunge 15%, steepest drop in five years

    Tesla’s selloff on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market since September 2020.
    NBC News - 23h

  • The U.S. dollar is still the world’s currency — but maybe not for much longer

    Concerns are rising about the sustainability of U.S. government debt and spending.
    MarketWatch - 3d
  • Stocks slide as Trump warns of US economy 'transition'

    Stocks slide as Trump warns of US economy 'transition'

    Investors are nervous about the possibility of a US recession, say experts.
    BBC News - 1d

  • Tesla’s stock has lost its ‘Trump bump.’ Here’s the latest bad news.

    Tesla’s stock is sinking after another month of bad China sales. Elon Musk has now lost about $7 billion in his stake since the election.
    MarketWatch - 17h

  • Markets plummet after Trump doesn't rule out recession

    Markets plummeted Monday as investors expressed fear of an economic slowdown. In an interview that aired Sunday, President Trump was asked point blank if he's expecting a recession this year, and ...
    CBS News - 18h

  • Haven't paid your credit card debt? Here are the legal consequences to know.

    Not paying your credit card debt can have serious repercussions, but does that include legal ramifications?
    CBS News - 1d

  • 3 signs your credit card debt is overwhelming you, according to experts

    Borrowers should recognize these early warning signs to address credit card debt before it becomes unmanageable.
    CBS News - 6h

  • When bankruptcy will (and won't) clear your credit card debt

    Bankruptcy can wipe the slate clean of your existing credit card debt, but it won't do that in every case.
    CBS News - 59m

  • What will Trump mean for personal wealth?

    Pension funds, retail investors and money managers are worrying about the future of American capital markets
    Financial Times - 1d

  • The etiquette of digital debts among friends

    A recent article in the Wall Street Journal looked at the "unspoken rules" of digital payment apps like Venmo and tried to decipher the proper etiquette for requesting money back from friends. The ...
    CBS News - 1d

  • Short-term Treasury yields hold near 6-month lows as tariff fight escalates, fueling recession worries

    Bond yields were mixed Tuesday as investors monitored the tariff front, awaited a key inflation report out Wednesday and stayed on guard about the prospect of a U.S. economic slowdown.
    MarketWatch - 1h
  • US stock futures inch higher after selloff amid recession concerns

    US stock futures inch higher after selloff amid recession concerns

    Dow futures traded up 156 points, or about 0.36%.
    ABC News - 7h

  • ‘We don’t believe in the velvet rope:' One money manager is giving retail investors access to private credit. But is it worth it?

    The exchange-traded fund industry is looking to give retail investors more access to alternative investments including private credit.
    CNBC - 3d

  • Banks and fintechs join ‘stablecoin gold rush’

    Bank of America and Stripe target market for payments in cryptocurrencies
    Financial Times - 1d
  • Graham on Ukraine aid pause: 'If we pull the plug on Ukraine, it'd be worse than Afghanistan'

    Graham on Ukraine aid pause: 'If we pull the plug on Ukraine, it'd be worse than Afghanistan'

    Sen. Lindsey Graham (R-S.C.) said on Sunday he is worried about the consequences of suspending aid and intelligence sharing to Ukraine as the fighting continues against Russia. “Yeah, I am worried ...
    The Hill - 1d
  • Tariffs could deal a blow to Chinatowns that have no choice but to import cultural goods, locals say

    Tariffs could deal a blow to Chinatowns that have no choice but to import cultural goods, locals say

    In Chinatowns across the country, people worry about the potential damage to business, loss of cultural traditions and the already high rates of poverty in these immigrant communities.
    NBC News - 2d
  • Eating on $6 a month: Rohingya refugees brace for food reductions amid aid cuts by U.S. and others

    Eating on $6 a month: Rohingya refugees brace for food reductions amid aid cuts by U.S. and others

    Rohingya refugees in crammed Bangladeshi camps say they are worried about a U.S. decision to cut food rations by half beginning next month.
    NBC News - 1d
  • Consumer prices fell in China in February and remain flat in a sluggish economy

    Consumer prices fell in China in February and remain flat in a sluggish economy

    Consumer prices fell in China in February for the first time in 13 months, as persistent weak demand was compounded by the early timing of the Lunar New Year holiday
    ABC News - 2d
  • How consumers can protect their finances as federal safeguards crumble

    How consumers can protect their finances as federal safeguards crumble

    As the Trump administration looks to neuter the Consumer Financial Protection Bureau, advocates urge borrowers to step up their own defenses around their money.
    NBC News - 54m
  • Trump addresses economy concerns amid shifting policy on tariffs

    Trump addresses economy concerns amid shifting policy on tariffs

    President Donald Trump addressed concerns around the economy after a volatile week on Wall Street. It comes as Trump imposed tariffs on Canada and Mexico only to change course and pause some ...
    NBC News - 3d

  • Markets open down again, Trump announces more tariffs against Canada

    Traders on Wall Street hoping to rally back after Monday's major selloff are starting Tuesday with another dip. Meanwhile, President Trump has announced additional tariffs for Canada. CBS News' ...
    CBS News - 4h

  • Pasadena high school seniors, Steve Carell has a surprise for you: Free prom tickets

    'Despicable Me' star Steve Carell announced some SoCal high school students affected by the wildfires won't have to worry about prom tickets this year. 'It's a pretty good deal,' he says.
    Los Angeles Times - 5d

  • Stock market’s worst day of 2025 is stoking Nasdaq bear-market fears. Here’s why.

    Nasdaq Composite falls deeper into correction territory, raising concerns about it sinking into a bear market.
    MarketWatch - 21h
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