News

U.S. passport delays have eased — but aren’t yet back to normal

Unprecedented passport demand in 2023 fueled a backlog of applications.

European tech funding halves to $45 billion, back to pre-Covid levels — but AI is a bright spot

Overall funding for European venture-backed companies is projected to decline 45% in 2023 from a year ago, according to VC firm Atomico.

Wells Fargo unveils 2024 target, warns of 'really, really sloppy' first half for stocks

Wells Fargo Securities' Chris Harvey sees a volatile path to his S&P 500 to 4,625 year-end target.

This exchange is expanding its short-term options portfolio as 'zero-day' bets boom

Nasdaq launched new short-term options on asset classes like oil and bonds that expire on Wednesdays.

More employers offer a Roth 401(k) — and a Secure 2.0 change may prompt more workers to use it

Roth is a type of after-tax savings. Secure 2.0, a retirement law passed last year, is poised to increase adoption even more in the workplace.

These regional banks are at greatest risk of being taken over by rivals, according to KBW

Regional banks are weighed down by concerns over the impact of new rules and the risk of a recession on loan losses, particularly in commercial real estate.

'Same as ever:' Lessons on wealth, greed and happiness from Morgan Housel

Morgan Housel has become the Mark Twain of financial writers.

Why climate change may cost you big bucks — and what to do about it

Climate change is already affecting household finances and the U.S. economy, and those effects are expected to get worse.

Coinbase CEO says crypto industry can turn the page after historic Binance settlement

The crypto industry can close the chapter on a litany of scandals after Binance was hit with a historic settlement, Coinbase CEO Brian Armstrong told CNBC.

Why cautious investors may want to look beyond high-yield savings accounts

Cautious investors piling into cash may want to consider other options. But convincing them could be "very, very difficult," says one expert.

Chinese electric car giant BYD launches its popular Han sedan in the Middle East

Chinese electric car company BYD said Friday that this week it launched its flagship Han sedan in the United Arab Emirates.

Goldman Sachs paid pro golfer Patrick Cantlay more than $1 million annually, sources say

Goldman opted not to renew Cantlay's sponsorship this year in the latest example of the bank's retrenchment from its retail banking push.
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