News

Caught cold by UniCredit’s swoop on Commerzbank, Germany will want to avoid a national embarrassment

Italy's UniCredit appears to have caught German authorities off guard with a potential multibillion euro merger of Frankfurt-based Commerzbank.

China needs more than rate cuts to boost economic growth

More fiscal support is needed, analysts said, after the PBOC surprised markets by announcing plans to cut a number of rates.

Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

Visa and MasterCard have surged in the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.

Nvidia shares pop as CEO may be done selling shares after hitting preset plan limit

The 61-year-old executive adopted a trading plan for the sale of up to 6 million Nvidia shares, and he has hit that threshold months ahead of schedule.

Take a look inside a $1.1 million 'zero emissions' home

Federal officials are trying to boost the energy efficiency of residential and commercial real estate.

Fed Governor Bowman explains dissent on rate vote, says she's worried about inflation

No governor had dissented from an interest rate decision since 2005.

Commerzbank board member warns of significant job losses with a hostile UniCredit takeover

Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC's Annette Weisbach that "we certainly hope we can avoid" a hostile takeover by the Italian bank.

China launches probe into Calvin Klein parent over Xinjiang supply chain ‘disruptions’

China's Ministry of Commerce said it was launching a probe into Calvin Klein-parent PVH Group over alleged business disruptions involving Xinjiang.

China's central bank chief set to hold press conference days after Fed rate cut

People's Bank of China Governor Pan Gongsheng is set to speak to reporters Tuesday alongside two other financial regulator heads.

Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead

Kashkari said Monday that he expects to dial down the pace of interest rate reductions after the central bank eased policy by a half percentage point last week.

China stimulus calls are growing louder — inside and outside the country

The world's second-largest economy has remained under pressure from a real estate slump and tepid consumer confidence.

Why this top fund manager says the best investment this year is 'the hedge against political cycles'

The CEO of VanEck breaks down two of this year’s red-hot trades.
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