News

China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data

As China's economy moves into the second quarter of the year, a few indicators are raising expectations for monetary policy easing.

Powell says inflation has been higher than thought and expects rates to hold steady

Federal Reserve Chair Jerome Powell speaks Tuesday to the Foreign Bankers' Association in Amsterdam.

Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam

Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers' Association in Amsterdam.

AMC raises $250 million in stock sale during meme rally, shares still up 90% in premarket

On Monday, movie theater operator AMC sold 72.5 million shares in an at-the-market equity offering.

Fintech firm Klarna says 90% of its employees are using generative AI daily

"Buy now, pay later" firm Klarna says generative AI has seen substantially high adoption among its 5,000-strong workforce.

Freetrade, Britain's answer to Robinhood, says its CEO is stepping down

British stockbrokerage platform Freetrade told CNBC exclusively Monday that its long-time CEO Adam Dodds has stepped down.

GameStop shares jump 30% as trader 'Roaring Kitty' who drove meme craze posts again

GameStop shares rallied in the premarket Monday after "Roaring Kitty" posted for the first time in roughly three years.

‘I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes

A group of around 1,500 homebuyers have yet to see the apartments they paid for about eight years ago, as challenges persist in China's property sector.

This inflation-focused ETF may be in a sweet spot

Horizon Kinetics' James Davolos thinks his firm's inflation-focused ETF is "ideally positioned" for gains this year.

Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting

It took a total of 12 months and a number of iterations for Yu Shu to finish the final version of the Munger bust.

The rule capping credit card late fees at $8 is on hold — here’s what it means for you

The outcome preserves, at least for now, a key revenue stream for the U.S. card industry. The CFPB said the rule would've saved Americans $10 billion a year.

Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86

Jim Simons, a legendary mathematician who founded the most successful quantitative hedge fund Renaissance Technologies, passed away on Friday.
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