News

Coinbase CEO says crypto industry can turn the page after historic Binance settlement

The crypto industry can close the chapter on a litany of scandals after Binance was hit with a historic settlement, Coinbase CEO Brian Armstrong told CNBC.

Why cautious investors may want to look beyond high-yield savings accounts

Cautious investors piling into cash may want to consider other options. But convincing them could be "very, very difficult," says one expert.

Chinese electric car giant BYD launches its popular Han sedan in the Middle East

Chinese electric car company BYD said Friday that this week it launched its flagship Han sedan in the United Arab Emirates.

Goldman Sachs paid pro golfer Patrick Cantlay more than $1 million annually, sources say

Goldman opted not to renew Cantlay's sponsorship this year in the latest example of the bank's retrenchment from its retail banking push.

Binance users pull over $1 billion from the exchange after CEO leaves, pleads guilty

Binance has seen outflows amounting to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen.

Singapore's Temasek warns that fake agents in China are trying to sell scam investments

The Singapore state investor has three offices in mainland China in Beijing, Shanghai and Shenzhen.

Biden and Xi's meeting sent an important signal for U.S. business in China

The meeting between the two leaders has set a bottom line in the relationship which reduces uncertainty for businesses, analysts say.

Warren Buffett makes big donation before Thanksgiving, assures shareholders Berkshire is built to last

Warren Buffett donated more than $870 million in Berkshire Hathaway stock to four family foundations before Thanksgiving.

Changpeng Zhao speaks out after pleading guilty to criminal charges, names Richard Teng as new Binance CEO

After stepping down and pleading guilty to federal money laundering charges, former Binance CEO Changpeng Zhao has named a successor.

Fed gave no indication of possible rate cuts at last meeting, minutes show

The Federal Reserve on Tuesday released minutes from its Oct. 31-Nov. 1 policy meeting.

Chinese tech giant Baidu's shares rise 2% after revenue beat

Chinese tech giant Baidu reported third-quarter revenue that beat expectations, although growth was slower than during the previous three months.

Plaid taps Adyen executive to lead its European operations

U.S. financial technology firm Plaid has hired Brian Dammeir, a former Adyen executive, as its new head of Europe, the company told CNBC exclusively.
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