News

Turbine troubles have sent wind energy stocks tumbling — and a slew of issues remain

As the biggest players in wind energy gear up to report quarterly earnings, supply chain issues and reliability concerns are front and center.

Powell says inflation is still too high and lower economic growth is likely needed to bring it down

Powell hinted the labor market and economic growth may need to slow to ultimately achieve the Fed's goal.

A $7.40 fee could ruin your next trip to Europe. Miss it and 'you won't board the plane,’ expert says

Americans visiting Europe will soon need to apply and pay a fee for a travel authorization. The requirement is slated to start next year.

Big banks are quietly cutting thousands of employees, and more layoffs are coming

Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper cuts.

As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal

Global fintech giant Airwallex said it has acquired MexPago, a rival payments company based out of Mexico, for an undisclosed sum.

Net worth surged 37% in pandemic era for the typical family, Fed finds — the most on record

Higher home and stock prices and unprecedented federal stimulus fueled wealth growth from 2019 to 2022, the Federal Reserve Survey of Consumer Finances found.

Coinbase picks Ireland as its main EU regulatory hub as U.S. authorities go on the offensive

Cryptocurrency exchange Coinbase has chosen Ireland as its main operational and regulatory hub in the European Union, the company told CNBC exclusively.

Fed Chair Powell to deliver key speech Thursday: Here's what to expect

Federal Reserve Chair Jerome Powell is set to deliver what could be a key policy address Thursday.

Fed's Waller says officials can 'wait, watch and see' before acting on interest rates

Federal Reserve Governor Christopher Waller on Wednesday indicated the central bank can afford to hold off on interest rate increases.

Morgan Stanley tops profit estimates on better-than-expected trading results

Morgan Stanley has managed to avoid the turbulence afflicting some of its rivals.

Adidas shares climb after boost from Yeezy sales, guidance raise

Adidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory.

'Phantom hacker' scams that target seniors' savings are on the rise, FBI says

"Phantom hacker" scams are an evolution of tech support scams. Victims over 60 years old have accounted for 66% of total financial losses in 2023, the FBI said.
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