News

UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%

Global investment in fintech sank to $51.2 billion in 2023, down 48% from 2022, data from Innovate Finance shows. Despite that, UAE fintech funding soared 92%.

China investors will be asking these 3 questions in 2024

China's investment story has been overshadowed in the last year by longer-term problems and tensions with the U.S.

Fed Governor Bowman adjusts rate stance, says hikes likely over but not ready to cut yet

Bowman noted the progress made against inflation and said it should continue with short-term rates at their current levels.

This popular holiday gift often goes unused. Here's how to turn it into cash

Consumers can trade in unused gift cards for money. Here's what to know.

Coinbase is planning a pivotal acquisition that will allow it to launch crypto derivatives in the EU

Coinbase told CNBC exclusively that it entered into an agreement to buy an unnamed holding company which holds a Mifid II license.

Cryptocurrency investors eagerly awaiting SEC ruling on bitcoin ETFs

With 13 companies filing for a bitcoin ETF, all offering similar products, there is substantial interest in what the fee structure will look like. 

Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note

Black Americans, the group with the highest jobless percentage in the country, saw their jobless rate dip to 5.2% in December from 5.8% in the previous month.

Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK

New rules in the U.K. require crypto companies to make clear to users the risks involved in trading cryptocurrencies and advertise their services responsibly.

BYD's five best-selling cars, including one edging out Tesla's Model Y in China

While Tesla's Model Y was the best-selling purely battery-powered car in China for the six months ending in November, BYD accounted for four of the top 10.

State-run 'auto-IRA' programs aim to close retirement savings gap

Seven states are enrolling workers in so-called auto-IRA programs to address a gap in 401(k) coverage and savings. More are scheduled to come on line.

Cliff Asness' AQR Absolute Return fund gains 18.5% in 2023, boosted by value picks

Cliff Asness' longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees.

Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500

Billionaire investor Ken Griffin's various hedge fund strategists all posted double-digit returns for 2023, but they failed to beat the broader market.
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