Capital One and Discover merger approved by Federal Reserve

Capital One and Discover merger approved by Federal Reserve


Key Points
  • Capital One Financial’s application to acquire Discover Financial Services has officially been approved by the Federal Reserve and the Office of the Comptroller of the Currency.
  • Capital One announced plans to acquire Discover in an all-stock transaction valued at $35.3 billion in February 2024.
  • It will also indirectly acquire Discover Bank through the transaction.



Source

Robotaxis are becoming a reality. Who’s poised to win in China and beyond
Finance

Robotaxis are becoming a reality. Who’s poised to win in China and beyond

Source

Read More
Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact
Finance

Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact

In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. CNBC Berkshire Hathaway on Saturday reported a small decline in second-quarter operating earnings as Warren Buffett’s conglomerate warns of negative impacts from steep U.S. tariffs. Berkshire’s operating profit […]

Read More
‘The eye of the hurricane’: Why the U.S. job market has soured, economists say
Finance

‘The eye of the hurricane’: Why the U.S. job market has soured, economists say

Key Points The July 2025 jobs report suggests a sharper slowdown in U.S. job growth than previously thought, economists said. President Donald Trump’s tariff policy is among the economic headwinds contributing to slower job creation and hiring, economists said. Immigration policy and relatively high interest rates are other factors, they said. Job seekers face a […]

Read More