News

JPMorgan top economist says the Fed should cut rates by a half point this month

JPMorgan chief U.S. economist Michael Feroli believes there is a strong case for the Federal Reserve to speed up the pace of rate cuts.

How high earners can funnel money to a Roth IRA, the 'gold standard' of retirement accounts

High earners may find it tricky to access tax breaks in individual retirement accounts. A workaround may help.

Visa debuts a new product designed to protect consumers making bank transfers

Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process.

Cramer names the No. 1 underappreciated megacap to buy in the recent tech stock sell-off

Microsoft's gen AI prospects are impressive, but the stock has more to offer investors than just the new tech.

Ken Griffin’s Wellington hedge fund at Citadel squeezes out 1% gain in volatile August

Citadel's multistrategy Wellington fund gained about 1% in August, bringing its year-to-date return to 9.9%.

Robinhood lets Brits lend shares for extra income in bid to grow international footprint

Robinhood on Wednesday launched a new feature in the U.K. allowing users to lend out any stocks they own outright in their portfolio to interested borrowers.

Asian chip stocks fall after Nvidia sell-off on Wall Street overnight

In the U.S., chipmaker Nvidia plunged more than 9% in regular trading, leading semiconductor stocks lower amid a sell-off on Wall Street.

Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO

Philip Belamant, Zilch's CEO, told CNBC the firm was able to hit profitability by growing rather than cutting back like other fintechs have done.

China's property woes and U.S. sanctions have hit some cities hard

Hangzhou, capital of the eastern Zhejiang province and home to Alibaba and other tech companies, ranked first in this year's rankings.

American demand for international trips drives 'travel momentum' and overall spending

Americans' spending on international trips has underpinned overall travel strength.

Is the Fed 'sleepwalking into a policy mistake?': Abrdn analyst calls for faster easing of rates

Is the economy already weaker than the headline data suggests and should the U.S. Federal Reserve already be easing? Akintewe questioned on "Squawk Box Asia."

China's first global gaming hit sells millions in a week. An early investor shares what's next

China's first attempt at a top-tier video game has smashed world records, bolstering the industry's global ambitions after Beijing's gaming crackdown.
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