News

U.S. job market slows, but it's not yet a 'three-alarm fire,' economist says

The labor market has shown unambiguous signs of cooling, economists said. Recession could follow if the trajectory continues.

China should focus on fighting deflationary pressure, former central bank governor says

China's policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People's Bank of China, said Friday at the Bund Summit in Shanghai.

7-Eleven's parent company rejects takeover proposal, says offer 'grossly undervalues' company

Even if the offer was raised "very significantly," Seven & i said the bid does not consider the "multiple and significant challenges" it would face.

China's wealthy are increasingly looking overseas for business investment opportunities

China's wealthy want to pursue business opportunities abroad, rather than just investment returns, according to asset managers and consultants.

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.
1 48 49 50 51 52 174