News

Singapore's largest bank DBS beats forecast, quarterly profit jumps 17%

Singapore's largest bank DBS Group reported a 17% jump in third-quarter profit, and declared a dividend.

Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion

Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash that surpassed $157 billion.

Unemployment among Hispanic workers rises at faster pace in October than overall rate

The labor market showed deterioration for Hispanic workers, whose unemployment rate rose more than average in October.

Goldman Sachs says the Israel-Hamas war could have major implications for Europe's economy

The Israel-Hamas war could significantly impact economic growth and inflation in the euro zone unless energy prices remain contained, Goldman Sachs says.

Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds

Wefox, which sells insurance plans online, raised $55 million in debt financing from Deutsche Bank and Unicredit, sources familiar with the matter told CNBC.

One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs

The need for second — and often third — incomes is mounting, according to Current CEO Stuart Sopp.

Block shares surge after earnings beat and increased full-year guidance

There was particularly strong growth in Block's payment platform, Cash App, and its point-of-sale suite, Square.

Bank of England governor says Israel-Hamas conflict poses risks to inflation fight

Bank of England Governor Andrew Bailey said the ongoing Israel-Hamas war poses a potential risk to the bank's efforts to bring down inflation.

Amazon to unveil buy now, pay later option from Affirm for small business owners

Amazon is rolling out its first buy now, pay later checkout option for small business owners via fintech player Affirm, CNBC has learned.

Fintech giant Revolut appoints new UK boss amid struggles to get banking license

Revolut has been struggling to get a banking license in the U.K., which the company first applied for in 2021.

UK invests $273 million in AI supercomputer as it seeks to compete with U.S., China

The investment comes as the U.K. hosts its landmark AI safety summit, which is being held in Bletchley Park, the home of the World War Two codebreakers.

DoubleLine’s Gundlach says interest rates are going to fall as recession arrives early 2024

"I do think rates are going to fall as we move into a recession in the first part of next year," Gundlach said on CNBC's "Closing Bell" on Wednesday.
1 109 110 111 112 113 168