News

$4.7 billion European fintech firm Pleo appoints new CFO, pointing to IPO hopes

Danish fintech firm Pleo has appointed a new CFO, the company told CNBC, beefing up its executive team in a sign it's readying itself for an eventual IPO.

Here's everything the Fed is expected to do Wednesday

This week's Federal Reserve meeting is likely to mark a substantial turning point for policymakers.

Gen Z, millennials say money talks should happen before the relationship gets serious, study finds

While most Americans agree couples should talk about money before living together, younger generations believe the conversation should happen earlier.

Here's the inflation breakdown for November 2023 — in one chart

Lower gasoline prices helped the consumer price index edge downward, to 3.1% in November.

Hargreaves Lansdown, AJ Bell shares sink as UK regulator warns on charges

Hargreaves Lansdown and AJ Bell saw their shares plunge after a U.K. regulator warned that it may intervene on fees and interest charges.

India overtakes Hong Kong to become the world's seventh largest stock market

India has been a standout market this year in the Asia-Pacific region, while Hong Kong is the worst performer among the region's major equity markets.

Michael Milken says the Fed won’t move too early and risk massive inflation like the 1970s

The famed investor expects the central bank will be sure to tamp out inflation before starting to lower rates so as to avoid a repeat of the 1970s.

Warren Buffett's Berkshire Hathaway continues to sell HP shares, reducing stake to 5.2%

Berkshire still owns 51.5 million shares of HP. The position is worth about $1.6 billion based on Monday's close of $30.37.

Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination

Wells Fargo, until recently the biggest player in U.S. mortgages, has repeatedly felt regulators' wrath over missteps involving home loans.

SumUp, a rival to Jack Dorsey's Block, defies fintech funding slump with $307 million cash injection

Payments startup SumUp, known for its tiny card readers, announced it has raised $306.6 million in a round valuing the company north of $8.6 billion.

Macy's receives $5.8 billion buyout offer, sources say

The offer values the retailer at $21 per share, according to the sources. Macy's closed at just over $17 a share on Friday.

China's livestream shopping is booming, fueling new tech such as avatars and AI

Livestreaming is cementing itself as a growing sales channel in China, driving new tech products such as virtual human streamers and mobile data packages.
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