Federal Reserve Increases Benchmark Interest Rate by 25 Basis Points
Tel Aviv Stock Exchange Unveils Strategic Plan for 2027-2031
Saudis pound Yemen as Houthis solidify gains in new theatre of Middle East war
Gold pares gains after Fed hikes interest rates for the first time in over 3 years
Why is Ciena stock surging today?
Wall Street holds on to gains as Fed delivers widely expected rate hike
Markets steady after Fed raises rates, points to another hike this year
U.S. bond rally continues after Fed delivers first rate hike since 2023
FOMC Projects Additional Rate Hike in 2026
Federal Reserve Updates Policy Statement Following Recent Meeting
Union Pacific Reports Significant Increase in Diesel Costs
Zillow Loses Antitrust Battle Over Chicago Area Listing Feed
Stocks, Bonds Rise as Fed Hikes to Fight Inflation: Markets Wrap
Building permits, jobless claims and pending home sales due Thursday
Union Pacific says high diesel prices shifting freight from trucks to rail
Fed hikes key policy rate by 25 basis points as widely expected
Key Takeaways From Fed Decision to Raise Interest Rates
Federal Reserve Increases Interest Rates for First Time in Three Years
Federal Reserve Committee Unanimously Approves Policy for Price Stability
The Fed voted unanimously to raise rates for the first time in three years, and most officials projected one more increase by year-end
JPMorgan's Michele on Bonds: 'The Dominoes Are Starting to Fall'
Fed Raises Rates as Warsh Bucks Trump to Contain Inflation
Federal Reserve decision live: US central bank raises rates for first time since 2023
Pentagon CTO Voices Opposition to Government Ownership in Tech Companies
Revolut hackers demand $3mn ransom
Federal Reserve issues FOMC statement
Federal Reserve Board and Federal Open Market Committee release economic projections from the September 15-16 FOMC meeting
Adidas cuts jobs in India technology team
Critical Metals stock rises on Romania refinery plan
MoCI digital services package fosters efficient, competitive business environment
Bank of Canada Flagged Need for Rate Hike Should High Fuel Costs Spill Over, Minutes Say
Major Banks Anticipate Kevin Warsh's Insights on Federal Reserve Policy
Forgent Power Solutions (FPS) Stock Surges as Analysts Boost Price Targets Following Strong Q4 Beat
Wednesday Market Movers: Intel (INTC), Apple (AAPL), Coinbase (COIN), and SpaceX Lead the Day
Wells Fargo Adds Remittance Function to Mobile Banking App
US DFC approves $500 million in guarantees to boost US exports to emerging markets
Impulse Space raises $308M in Series D extension on space mobility demand
Bank of Canada saw elevated inflation risks at September meeting, minutes show
European shares rise as oil pauses ahead of Fed rate decision
Investigation Reveals Rogue AI Agents Targeted Hugging Face Prior to Major Cyber Attack
Lumentum (LITE) Stock Surges 6.7% as Optical Network Sector Rebounds Strongly
Trump oil ally Harold Hamm to invest in Venezuela
Bank of Canada Governing Council Discusses Inflation Risks Amid Global Uncertainty
Intel (INTC) Stock Surges on Bullish Analyst Targets Up to $200 Per Share
Trump Ally Harold Hamm Strikes Venezuela Oil Deal
Alvotech (ALVO) Stock Soars 8% Following Barclays’ Dramatic Rating Shift
Bank of Canada Troubled By High Gas Prices, Warns of Hike Risk
Trump Administration Advocates for Private Sector Role in Addressing AI Threats
Federal Reserve Maintains Interest Rates Amid Economic Uncertainty
U.S. Households Face Increased Financial Pressure from Rising Oil Prices and Interest Rates
Andy Burnham Adjusts Expectations for EU Relations Amid Canada Focus
House Defies Automakers and Mandates AM Radio in New Cars
Harold Hamm’s Continental Resources Signs Preliminary Oil Deal in Venezuela
Continental Resources signs Venezuela oil development deal
Pentagon CTO says government should not take stakes in AI companies
M&A stock targets: quantitative screener picks and analyst watchlist names
U.S. poverty rate drops slightly, but experts fear worse ahead
Cipher Digital (CIFR) Stock Surges 14% Following Major Texas Power Grid Approval
SpaceX (SPCX) Stock: Cathie Wood Claims Current Price Is a Bargain Opportunity
Billionaire Harold Hamm Makes Deal to Explore for Venezuela Oil
Saudi Aramco Aims for Full Production Capacity in Six Weeks
Britain’s unsustainable pensions lock
Saudi Arabia Aims to Restore Half of East-West Oil Pipeline Capacity Soon
Libya's National Oil Corporation Reports Return to Normal Production Levels
OpenAI Seeks Disclosure of Apple-Musk Agreement in Antitrust Case
The Short Term Has Never Been More Interesting
Gold up 1% as oil prices take a breather ahead of consequential Fed rate decision
Exclusive-OpenAI’s rogue agents probed Hugging Face for weaknesses two months before major hack
Nike stock outlook: trading at 12-year lows with turnaround unlikely before 2027
Chase Lets Cardholders Invest Reward Points With JPMorgan
Chase has announced an investment-focused expansion of its Ultimate Rewards card program.
“Invest Your Points,” announced Wednesday (Sept. 16), offers eligible cardmembers a new way to redeem points for cash to invest in an eligible J.P. Morgan Wealth Management account.
According to a news release, customers can redeem their points for cash to invest in an eligible J.P. Morgan Self-Directed Investing account or work with an advisor at the bank to invest in a taxable investment account.
“Cardmembers already have a lot of ways to use Ultimate Rewards, from travel to cash back, and every new option makes the program even more valuable,” said Chris Reagan, Chase’s president of branded cards. “Now, they can also put their rewards toward investing and their financial goals, in one connected digital experience.”
Upon redeeming points for cash, customers can pick how they want to invest “based on their own goals and risk tolerance,” the release added. Cards in the Ultimate Rewards program include those in the Chase Freedom, Chase Ink and Chase Sapphire card portfolios. Cardholders can also redeem Ultimate Rewards points on things like travel, cash back, statement credits, and gift cards.
“Our goal is to make investing more accessible, more intuitive and more connected to the way clients already handle their finances,” said Paul Vienick, head of online investing at J.P. Morgan Wealth Management. “Giving clients the ability to invest with Ultimate Rewards points helps them manage their financial lives – and their investments – all in one place.”
Recent research by PYMNTS Intelligence has shown the value cardholders put on rewards offerings, with 38% of consumers who switched cards doing so for better rewards.
That’s according to “The Switching Trigger: How Issuers Can Stop Their Credit Cards From Losing Top-of-Wallet Status,” created in collaboration with Elan Credit Card.
“Better rewards and higher credit limits draw cardholders away, and the issuers they’re leaving rarely put up a good fight,” that report said.
The research found that 46% of cardholders who switched saw no effort by their old issuer to keep them on board. Consumers are also less likely to switch credit cards because of negative feelings about their previous primary card, with just 28% saying their rewards rate had become less valuable. The same percentage said their credit limit was too low or had been reduced.
Source: PYMNTS.com