News

HSBC is 'very positive' about the future of China's economy, CFO says

HSBC is "very positive" about the mid- to long-term outlook for the Chinese economy despite the current headwinds, the British bank's chief financial officer told CNBC on Thursday.

'Take the emotion out of investing' during a presidential election year, strategist says. What to do instead

Trying to time the stock market during a presidential election year could cost investors. Here's how to stay the course.

Here's when the Fed is likely to start cutting interest rates, according to investment strategists

The U.S. central bank will likely reduce its benchmark interest rate by 0.75 percentage points to 1 point this year and achieve a "soft landing," experts said.

Jamie Dimon endorses Disney CEO Bob Iger in proxy fight with Nelson Peltz's Trian Partners

JPMorgan Chase CEO Jamie Dimon endorsed Disney CEO Bob Iger in his proxy battle with activist Trian Partners, CNBC's David Faber has learned.

Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

Banks delivered record payouts as high interest rates boosted margins, according to a new report from British asset manager Janus Henderson.

Citadel's Ken Griffin says the Fed shouldn't cut too quickly, citing big tailwinds supporting inflation

Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation.

Xiaomi is set to launch its electric car on March 28

Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28.

China's valuations are 'way too low,' strategist says — here's why

Valuations of Chinese stocks are "way too low," according to Shaun Rein, founder and managing director of the China Market Research Group.

Why Amtrak is attempting to revive the Texas Central bullet train

In 2023, Amtrak revived long-held hopes for a Texas bullet train, in an attempt to capitalize on $66 billion in federal funds for passenger rail upgrades.

Bitcoin hits fresh record high above $71,000 as UK opens the door to crypto exchange-traded products

The move from U.K. regulators comes after the U.S. Securities and Exchange Commission approved the first-ever spot bitcoin exchange-traded funds.

China's annual parliamentary meeting has ended. Here are the key takeaways

For the first time in decades, China's premier did not host a press conference at the end of the annual parliamentary meeting, known as the "Two Sessions."

China's housing minister says real estate developers must go bankrupt if necessary

China's struggling property developers won't be getting a major bailout, authorities indicated, warning that those who "harm the interests of the masses" will be punished.
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