News

Wefox, which sells insurance plans online, raised $55 million in debt financing from Deutsche Bank and Unicredit, sources familiar with the matter told CNBC.

The need for second — and often third — incomes is mounting, according to Current CEO Stuart Sopp.

There was particularly strong growth in Block's payment platform, Cash App, and its point-of-sale suite, Square.

Bank of England Governor Andrew Bailey said the ongoing Israel-Hamas war poses a potential risk to the bank's efforts to bring down inflation.

Amazon is rolling out its first buy now, pay later checkout option for small business owners via fintech player Affirm, CNBC has learned.

Revolut has been struggling to get a banking license in the U.K., which the company first applied for in 2021.

The investment comes as the U.K. hosts its landmark AI safety summit, which is being held in Bletchley Park, the home of the World War Two codebreakers.

"I do think rates are going to fall as we move into a recession in the first part of next year," Gundlach said on CNBC's "Closing Bell" on Wednesday.

The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor market.

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.

Swiss National Bank Chairman Thomas Jordan said the central bank's interventions during the fall of Credit Suisse were "crucial" to avoid a "financial crisis."

Stanley Druckenmiller said the federal government has been spending recklessly and failed to issue debt at low rates in past years.