News

UniCredit and Commerzbank square off with target hikes amid takeover battle

UniCredit and Commerzbank flaunted their financial strength as the fate of one of Europe's largest banking mergers still hangs in balance.

British fintech firm Wise posts 55% jump in profit on expanding market share

British digital payments firm Wise said that its first-half profit totalled £217.3 million ($279.8 million) in the first-half period, up 55% year-over-year.

China's central bank affirms supportive monetary policy stance at closely watched meeting

The PBOC head added the central bank plans to “increase the intensity of counter-cyclical monetary policy," state media said in Chinese, translated by CNBC.

10-year Treasury yield rises with all eyes on the U.S. election

Bond yields could see a big pop in the event of a Trump win as more tax cuts and steep tariffs could widen the fiscal deficit and reignite inflation.

Trump Media loses $19.2 million in third quarter, surprise Election Day filing reveals

Trump Media on Tuesday reported a loss for the third quarter along with a slight drop in already-meager revenue.

Trump Media stock jumps on election day as traders bet Truth Social will benefit from his potential win

Shares of retail trader favorite Trump Media & Technology Group (DJT) were active as Election Day is finally here.

Chinese driver-assist startup announces $100 million in funding, touts 'deep cooperation' with Nvidia

Deeproute said it is the first company in China to obtain Nvidia's newer Thor chip for cars and will release a new system using it next year

China's Hisense aims to become the No. 1 TV company in the U.S. within 2 years, top executive says

Catherine Fang, president of Hisense International, spoke with CNBC in an exclusive interview Monday.

China reviews plan to increase local government debt

A closely watched meeting of China's parliament on Monday reviewed a proposal to raise the local government debt limit, according to state media.

What the stock market typically does after the U.S. election, according to history

Stocks typically rise after a presidential election — but investors need to be prepared for some short-term choppiness first, history shows.

China's Singles Day shopping festival is more than halfway over. Here's how consumers are spending

Early indicators on China's biggest shopping event of the year reveal a pickup in select categories, and even predictions for modest sales growth overall.

Affirm expands buy now, pay later service to the UK, heating up local competition

Affirm, the U.S. buy now, pay later firm, on Monday launched its services in the U.K. — its first expansion overseas.
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