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U.S. and China are working to make the business environment less volatile, Beijing says

China and the U.S. are working toward creating a more predictable environment for businesses, Chinese Commerce Minister Wang Wentao said Friday.

LVMH shares jump 8% as earnings point to luxury sector resilience

LVMH shares jumped more than 8% on Friday morning after the world's largest luxury group posted higher-than-expected sales for 2023 and raised its annual dividend.

JPMorgan Chase shuffles top leaders as race to succeed Jamie Dimon drags on

The top JPMorgan executives involved in the changes are considered frontrunners to succeed Jamie Dimon as CEO.

Watch: ECB President Christine Lagarde speaks after rate decision

European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.

China is ramping up stimulus to boost market confidence — but is it enough?

There are rising expectations for more support from China to boost its economy and stock markets — especially after the PBOC's easing announcements on Wednesday.

Klarna to debut $7.99 monthly plan as buy now, pay later firm seeks new revenue sources ahead of IPO

Klarna Plus is the latest example of a fintech player hoping to build out its offerings and boost recurring revenue. An IPO is imminent, the firm's CEO said.

German regulator urges banks to set aside bumper profits for bad news on the horizon

Banks should be setting aside this year's bumper profits to provision for clients defaulting on loans, says BaFin President Mark Branson.

Hedge fund billionaire Bill Ackman and wife Neri Oxman buy nearly 5% stake in Tel Aviv Stock Exchange

Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday.

China’s EV players ramp up competition with Tesla using new tech

Hot competition in China's electric car market is pushing local automakers to sell vehicles with fancy tech that Tesla doesn't yet offer in the country.

Don’t let this passport quirk upend your next vacation. It 'trips a lot of people up,' expert says

Depending on the destination, your passport may need to be valid for at least six more months in order to board the airplane.

Markets 'complacent' about the risks of a Trump win, strategist says

Markets are "fairly complacent" about the risks of a second Trump presidency, which could trigger a "tantrum" in bond markets, says PGIM's Guillermo Felices.

Founders of Wise and Skype raise $436 million to build tech giants in Europe

Plural, a venture firm set up by the founders of Wise, Skype and Songkick, raised 400 million euros ($436.4 million) for a new fund.
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