News

Bill Ackman's IPO of Pershing Square closed-end fund is postponed, NYSE says

Bill Ackman is postponing the highly scrutinized listing of Pershing Square's U.S. closed-end fund, according to a notice on the NYSE's website.

Why the new spot ether ETFs may ‘be a hit’ despite recent weakness

It's a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut.

Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale

Warren Buffett's holding company sold more Bank of America shares this week, reducing its holding across six consecutive trading days.

China to use ultra-long bonds for consumer, trade-in policy support as worries about retail sales slump grow

China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the pandemic.

Britain will soon lay out new plans to regulate 'buy now, pay later' firms like Klarna after delays

A U.K. Treasury department spokesperson said the government will set out plans to regulate "buy now, pay later" plans "shortly."

Chinese EV startups are spending more on research than Tesla is

U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis.

Job seekers are sour on the cooling labor market

Confidence among job seekers is at a two-year low. While the labor market remains strong, there may be trouble if it continues to cool, economists said.

Here's why you may get a smaller pay raise next year

Companies expect the typical worker's annual pay increase to shrink from 4.5% to 4.1% for 2025, according to a poll.

Major global chip equipment makers' China revenue share has doubled since U.S. imposed export controls

Four of the world's largest chip equipment manufacturers have more than doubled the share of their China revenue since late 2022, Bank of America analysts said.

Stocks making the biggest moves after hours: Alphabet, Tesla, Visa and more

These are the stocks posting the largest moves in extended trading.

A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning

Real estate, with its large transaction sizes and frequent use of bank wires, has proven to be an especially lucrative target for cybercriminals.

Warren Buffett's Berkshire trims Bank of America stake for the first time since 2019 after strong rally

Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank's strong 2024 run.
1 2 3 118