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   NEWS: CNBC FINANCE
CNBC Finance
Oct 30, 2024

Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared
Britain's Labour government on Wednesday announced plans to raise the rate of capital gains tax on sales of shares — the move was less severe than feared.

CNBC Finance
Oct 30, 2024

China's Xiaomi delivers 20,000 EVs in October, just months after launching its first car
The Chinese smartphone company also announced a high-end sports version of the car, the SU7 Ultra, would begin preorders ahead of a product release in March.

CNBC Finance
Oct 28, 2024

Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say
A few high-profile Chinese listings outside the mainland are adding to expectations for a pickup in initial public offerings next year.

CNBC Finance
Oct 28, 2024

JPMorgan begins suing customers who allegedly stole thousands of dollars in 'infinite money glitch'
JPMorgan is investigating thousands of cases related to the glitch, which highlights the risk that social media can amplify vulnerabilities found at a bank.

CNBC Finance
Oct 28, 2024

Bret Taylor's AI startup Sierra raises funding at $4.5 billion valuation
Sierra, the startup founded by ex-Salesforce co-CEO Bret Taylor, has raised a fresh round of capital that values the company at $4.5 billion.

CNBC Finance
Oct 28, 2024

Wise's billionaire CEO fined £350,000 by UK regulators over failure to report tax issue
Kristo Käärmann, CEO and co-founder of Wise, was ordered by regulators to pay a £350,000 fine due to a breach of senior manager conduct rules.

CNBC Finance
Oct 25, 2024

Chart analyst Carter Worth breaks down his most important technical indicator
There are many technical indicators for traders to choose from. For Carter Worth, there's one that stands out above all others.

CNBC Finance
Oct 24, 2024

Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft
As Chinese smartphone company Oppo gears up for a flagship phone launch overseas, it says it has weekly AI talks with Google and Microsoft senior management.

CNBC Finance
Oct 23, 2024

Apple and Goldman Sachs ordered to pay more than $89 million for Apple Card failures
Apple and Goldman Sachs were fined more than $89 million for mishandling consumer disputes of Apple Card transactions, the CFPB said.

CNBC Finance
Oct 23, 2024

Watch CFPB Director Rohit Chopra speak at DC Fintech Week
The director of the Consumer Financial Protection Bureau is slated to speak at DC Fintech Week on Wednesday.

CNBC Finance
Oct 23, 2024

AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division
Nearly 50% of employees at Morgan Stanley and 60% at JPMorgan Chase have access to generative AI software provided by OpenAI.

CNBC Finance
Oct 23, 2024

Chinese smartphone companies tout AI features ahead of Apple Intelligence launch
Chinese smartphone companies are rolling out artificial intelligence features for local users, adding pressure on Apple.

CNBC Finance
Oct 23, 2024

Crypto firm Circle expects the UK to introduce stablecoin laws in 'months, not years'
"I think we're within months, not years" of formal U.K. stablecoin laws being introduced, crypto firm Circle's top policy executive told CNBC.

CNBC Finance
Oct 22, 2024

SAP boss warns against regulating AI, says Europe risks falling behind U.S., China
Christian Klein, head of German software giant SAP, says Europe risks falling behind the U.S. and China if it ends up overregulating the AI sector.

CNBC Finance
Oct 22, 2024

HSBC embarks on major restructuring, names first female CFO
HSBC has unveiled a major overhaul, announcing a new geographic setup, consolidated operations and a new CFO — the lender's first female finance chief.

CNBC Finance
Oct 22, 2024

More startups are being spun out of Klarna than any other European fintech unicorn
Alumni from Klarna have gone on to create 62 new startups — more than any other fintech unicorn in Europe, according to a new report from VC firm Accel.

CNBC Finance
Oct 22, 2024

HSBC names Pam Kaur as first female CFO amid major restructuring
HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a consolidation of the bank into four business units.

CNBC Finance
Oct 21, 2024

KKM Financial's Essential 40 stock fund is now an ETF
Many asset managers have been converting their mutual funds to ETFs in recent years, due in part to a 2019 SEC rule change.

CNBC Finance
Oct 21, 2024

Why abortion access is a personal finance issue, says demographer who studies the effects of unwanted pregnancy
Diana Greene Foster, a professor at the University of California San Francisco, led a landmark study that analyzed 1,000 women over a five-year period.

CNBC Finance
Oct 21, 2024

Robinhood rolls out high-risk margin trading in the UK after getting regulator nod
Robinhood said Monday that it's rolling out margin investing — or the ability for investors to borrow cash to augment their trades — in the U.K.

CNBC Finance
Oct 20, 2024

Why I paid $95 to recycle a mattress — and you might, too
It can be difficult and costly to avoid trashing your old mattress in a landfill.

CNBC Finance
Oct 19, 2024

Why a stock picking approach to small caps may boost performance right now
Rob Harvey, who's behind the Dimensional U.S. Small Cap ETF, uses an actively managed approach to buying the group.

CNBC Finance
Oct 18, 2024

After rejecting Google takeover, cyber firm Wiz says it will IPO 'when the stars align'
Wiz is hoping to achieve $1 billion in annual recurring revenue in 2025 — a key condition the company wants to meet before going public.

CNBC Finance
Oct 17, 2024

Why 401(k) plans are the 'final frontier' for exchange-traded funds
Exchange-traded funds have made little headway in 401(k) plans even as they've steadily gained market share in other accounts.

CNBC Finance
Oct 17, 2024

Robinhood launches platform to go after bigger, more active traders
Robinhood unveiled a new desktop-based platform called Legend on Thursday, aimed at active traders who want more detailed analysis of stocks.

CNBC Finance
Oct 16, 2024

Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue
Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.

CNBC Finance
Oct 16, 2024

Here's why the U.S. retirement system isn't among the world's best
Annual rankings show the U.S. is in a lackluster position relative to global retirement systems.

CNBC Finance
Oct 16, 2024

Morgan Stanley shares pop 7% after beating estimates for third quarter profit and revenue
Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.

CNBC Finance
Oct 16, 2024

Morgan Stanley tops estimates on better-than-expected wealth management, trading and banking results
Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.

CNBC Finance
Oct 15, 2024

Alibaba's international arm says its new AI translation tool beats Google and ChatGPT
Chinese e-commerce giant Alibaba's international arm on Wednesday launched an updated AI translation tool aimed at merchants that want to sell globally.

CNBC Finance
Oct 15, 2024

Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves
The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.

CNBC Finance
Oct 15, 2024

Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results
Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.

CNBC Finance
Oct 15, 2024

Citigroup earnings top estimates, boosted by investment banking
The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.

CNBC Finance
Oct 15, 2024

Bank of America tops estimates on better-than-expected trading revenue
Bank of America benefitted from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did.

CNBC Finance
Oct 15, 2024

Dutch government to reduce its stake in ABN Amro by a quarter
The Dutch government said Tuesday it will reduce its stake in ABN Amro to around 30% through a trading plan.

CNBC Finance
Oct 15, 2024

Goldman Sachs to report third-quarter earnings
Now that the Fed is easing rates, Goldman may benefit as corporations that have waited on the sidelines to acquire competitors or raise funds take action.

CNBC Finance
Oct 14, 2024

Fed Governor Waller sees need for 'more caution' ahead when lowering interest rates
Waller on Monday signaled that future interest rate cuts will be less aggressive than the big move in September.

CNBC Finance
Oct 14, 2024

Warren Buffett's Berkshire Hathaway hikes its SiriusXM stake to 32% after Liberty deal
Berkshire hiked its bet after Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the entertainment company.

CNBC Finance
Oct 14, 2024

Pro-Palestine protestors cause disturbance outside the New York Stock Exchange
A pro-Palestinian protest erupted outside of the New York Stock Exchange Monday.

CNBC Finance
Oct 14, 2024

China's exports and imports grew far less than expected in September
China was expected Monday to report a slowdown in export growth in September versus August.

CNBC Finance
Oct 14, 2024

China's Ministry of Finance is taking aim at local debt problems before tackling broader economic challenges
In his opening remarks on Saturday, Minister of Finance Lan Fo'an laid out four measures, starting with increasing support for local governments in resolving debt risks.

CNBC Finance
Oct 13, 2024

Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
With the U.S. election less than a month away, the country and its corporate sectors are staring down two drastically different options.

CNBC Finance
Oct 12, 2024

Hyper-local vs. hyper-focused: Two China ETFs go on different paths
While the Rayliant Quantamental China Equity ETF dives into specific regions, the new Roundhill China Dragons ETF focuses on the country's biggest companies.

CNBC Finance
Oct 11, 2024

Chinese finance minister hints at increasing the deficit at highly anticipated briefing
Lan Fo'an said such policies were still under discussion.

CNBC Finance
Oct 11, 2024

Here's the deflation breakdown for September 2024 — in one chart
Prices in segments of the U.S. economy, like some imported goods, consumer electronics and gasoline, have deflated since September 2023.

CNBC Finance
Oct 11, 2024

JPMorgan Chase shares pop 5% after topping estimates on better-than-expected interest income
JPMorgan said profit fell 2% from a year earlier to $12.9 billion, while revenue climbed 6% to $43.32 billion.

CNBC Finance
Oct 11, 2024

Wells Fargo shares jump after earnings top Wall Street expectations
The San Francisco-based lender posted $11.69 billion in net interest income, a 11% decrease from the same quarter last year.

CNBC Finance
Oct 11, 2024

Jamie Dimon says geopolitical risks are surging: 'Conditions are treacherous and getting worse'
JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East.

CNBC Finance
Oct 11, 2024

JPMorgan Chase tops estimates for profit and revenue on better-than-expected interest income
JPMorgan will be watched closely for clues on how banks are faring at the start of the Federal Reserve's easing cycle.

CNBC Finance
Oct 11, 2024

Ripple launches new crypto storage services for banks, fintechs in bid to diversify
Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens — as part of a broader push into crypto custody.

CNBC Finance
Oct 11, 2024

JPMorgan Chase is set to report third-quarter earnings - here's what the Street expects
JPMorgan will be watched closely for clues on how banks are faring at the start of the Federal Reserve's easing cycle.

CNBC Finance
Oct 10, 2024

Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Warren Buffett's Berkshire Hathaway cut its stake in Bank of America below an important level.

CNBC Finance
Oct 10, 2024

The Fed is finally cutting rates, but banks aren't in the clear just yet
When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many banks.

CNBC Finance
Oct 10, 2024

Here's the inflation breakdown for September 2024 — in one chart
Inflation fell in September as gasoline prices declined and housing inflation moderated, according to the consumer price index.

CNBC Finance
Oct 10, 2024

7-Eleven's parent company cuts full-year earnings forecast, presses ahead with restructuring
The news comes as the Japanese retail group resists a takeover attempt by Canada's Alimentation Couche-Tard.

CNBC Finance
Oct 10, 2024

Ripple launches crypto storage services for banks in bid to diversify
Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens — as part of a broader push into crypto custody.

CNBC Finance
Oct 09, 2024

Fed officials were divided on whether to cut rates by half a point in September, minutes show
The Federal Reserve on Wednesday releases minutes from its Sept. 17-18 policy meeting.

CNBC Finance
Oct 09, 2024

Life spans are growing but 'health spans' are shrinking. What that means for your money
Older Americans are spending more years with chronic ailments, which often come with higher medical bills, experts said.

CNBC Finance
Oct 09, 2024

HSBC exec says there's a lot of AI 'success theater' happening in finance
Some financial services firms are making bold statements about AI but not seeing tangible results, according to HSBC's head of generative AI.

CNBC Finance
Oct 09, 2024

China's Golden Week holiday signals persistent consumer caution
China's Golden Week holiday affirmed a trend in more cautious spending, while consumers put greater emphasis on experiences.

CNBC Finance
Oct 08, 2024

Baidu's robotaxi unit is exploring expansion into global markets in the 'near future'
Chinese tech company Baidu's robotaxi unit Apollo Go is in talks to expand overseas in the near future, according to a source familiar with the situation.

CNBC Finance
Oct 08, 2024

China state planner lays out further actions to boost economy but no new plans for major stimulus
China will speed up special purpose bond issuance to local governments to support regional economic growth, senior NDRC officials said.

CNBC Finance
Oct 07, 2024

Crypto relationship scams pose 'catastrophic harm,' SEC official says. Here's how to avoid them
Criminals are using social media, networking and dating sites to lure people into buying fake crypto investments.

CNBC Finance
Oct 07, 2024

Tensions rise between banks and tech companies over online fraud liability in the UK
In the U.K., a number of financial firms see themselves as bearing the brunt of the cost for scams taking place virtually.

CNBC Finance
Oct 05, 2024

Fed rate cuts should favor preferred stocks, Virtus money manager says
One financial firm is trying to capitalize on preferred stocks - which carry more risks than bonds, but fewer risks than common stocks.

CNBC Finance
Oct 03, 2024

Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims
British fintech Revolut criticized Meta over its approach to tackling fraud and said the U.S. tech giant should directly compensate fraud victims.

CNBC Finance
Oct 03, 2024

Klarna CEO says a European tech brain drain is ‘number one risk' for company ahead of IPO
Klarna boss Sebastian Siemiatkowski said unfavorable share-based compensation rules in Europe could cause employees to flock to U.S. tech companies.

CNBC Finance
Oct 02, 2024

China stock ETFs rip higher even as mainland markets close for holiday
Exchange-traded funds overseas that track Chinese stocks continued their rally Wednesday even as mainland markets were shut for a week-long holiday.

CNBC Finance
Oct 02, 2024

Goldman-backed Starling Bank fined $38.5 million for 'shockingly lax' financial crime controls
London's Financial Conduct Authority said it has fined Starling "for financial crime failings related to its financial sanctions screening."

CNBC Finance
Oct 02, 2024

Goldman-backed Starling Bank hit with $38.5 million fine for financial crime prevention failures
London's Financial Conduct Authority said it has fined Starling "for financial crime failings related to its financial sanctions screening."

CNBC Finance
Oct 02, 2024

Facebook owner Meta forms data-sharing pact with UK banks to counter scams
Meta is working with U.K. banks NatWest and Metro Bank on an information-sharing agreement to help them prevent customers from falling victim to fraud.

CNBC Finance
Oct 01, 2024

With Hurricane Helene disrupting travel, here's what fliers need to know
Travelers impacted by Hurricane Helene's destruction in the Southeast U.S. may be out of luck when it comes to financial compensation.

CNBC Finance
Oct 01, 2024

Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him
After 16 years leading the brokerage firm, Bettinger will be replaced by an internal CEO hire.

CNBC Finance
Oct 01, 2024

Mastercard to buy Swedish startup that makes it easier to manage and cancel subscription plans
The payments giant touted the deal as a way to help consumers with a key pain point — managing the myriad subscription services that exist today.

CNBC Finance
Oct 01, 2024

London-based Robinhood rival Freetrade buys UK arm of Australian investing platform Stake
British retail investing app Freetrade has entered into an agreement with Australian rival Stake to take on all of the company's U.K. clients and their assets.

CNBC Finance
Oct 01, 2024

Robinhood launches crypto transfers in Europe as it pushes overseas expansion
Retail investing platform Robinhood is setting sights on an EU expansion as part of broader plans to increase its global foothold.

CNBC Finance
Oct 01, 2024

China's stock surge has echoes of the 2015 bubble. What's different this time
The rocket up in Chinese stocks so far looks different from the market bubble in 2015, analysts said.

CNBC Finance
Sep 30, 2024

Watch Fed Chair Jerome Powell speak live on economy, policy views
The central bank leader speaks Monday to the National Association for Business Economists in Nashville.

CNBC Finance
Sep 30, 2024

States forge ahead with Inflation Reduction Act energy rebates — so far, South Dakota is the only one to opt out
Arizona, Maine, New York, New Mexico, Rhode Island and Wisconsin have launched consumer rebate programs tied to energy efficiency.

CNBC Finance
Sep 30, 2024

China stocks just had their best day in 16 years, sending related U.S. ETFs soaring
The Shanghai Composite rallied 8.06% in its best day since September 2008.

CNBC Finance
Sep 30, 2024

'No challenges can stop China's progress' Xi Jinping says in 75th anniversary speech
Chinese President Xi Jinping made no mention of specific countries or trade conflicts in his Monday speech and portrayed Beijing as upholding globalization.

CNBC Finance
Sep 28, 2024

Treasurys on the blockchain: How a new deal could reshape the ETF industry
Blockchain technology and tokenization are starting to challenge the traditional ETF model.

CNBC Finance
Sep 27, 2024

Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams
JPMorgan disclosed that the CFPB could punish the lender for its role in Zelle, the giant peer-to-peer digital payments network.

CNBC Finance
Sep 27, 2024

China optimism is surging. Why some investors are cautious
China's latest policy signals have a bigger impact on sentiment than resolving deeper issues such as real estate, analysts said.

CNBC Finance
Sep 26, 2024

OpenAI CFO tells investors funding round should close by next week despite executive departures
OpenAI CFO Sarah Friar is looking to reassure its investors that the company is still in a strong position after losing top talent this week.

CNBC Finance
Sep 26, 2024

Google venture arm backs startup aiming to bring mixed reality to any car windshield or plane cockpit
Distance Technologies, a Helsinki-based mixed-reality startup, raised 10 million euros of funding in a round led by GV, the venture capital arm of Alphabet.

CNBC Finance
Sep 26, 2024

David Tepper says the Fed has to cut rates at least two or three more times to keep credibility
Appaloosa Management's David Tepper said the macro setup for U.S. stocks makes him nervous as the Fed eases policy in a good economy like it did in the 1990s.

CNBC Finance
Sep 26, 2024

Google backs a startup that aims to bring mixed reality to any car windshield or plane cockpit
Distance Technologies, a Helsinki-based mixed-reality startup, raised 10 million euros of funding in a round led by GV, the venture capital arm of Alphabet.

CNBC Finance
Sep 26, 2024

China's Xi and top leaders call for halting real estate decline, responding to public concerns
While the meeting readout did not provide many details, it is significant for a country where policy directives are determined at the very top.

CNBC Finance
Sep 26, 2024

France's biggest lender says there are 'too many' European banks as UniCredit moves on Commerzbank
BNP Paribas Chief Financial Officer Lars Machenil on Thursday voiced his support for greater integration in Europe's banking sector.

CNBC Finance
Sep 26, 2024

Klarna partners with fellow fintech Adyen to bring buy now, pay later into physical stores
Klarna said Thursday that it had entered into an agreement with Adyen to add its buy now, pay later products to physical payment terminals.

CNBC Finance
Sep 26, 2024

UniCredit's pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union
European banking's latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc's incomplete banking union.

CNBC Finance
Sep 25, 2024

SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limits
They will pay a combined $9.3 million after the Securities and Exchange Commission charged them for exceeding clients' investment limits over a two-year period.

CNBC Finance
Sep 25, 2024

China likely 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.

CNBC Finance
Sep 25, 2024

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.

CNBC Finance
Sep 24, 2024

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.

CNBC Finance
Sep 24, 2024

Justice Department accuses Visa of debit network monopoly that affects price of 'nearly everything'
Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.

CNBC Finance
Sep 24, 2024

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.

CNBC Finance
Sep 24, 2024

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 six million Nvidia shares, and he has hit that threshold months ahead of schedule.

CNBC Finance
Sep 24, 2024

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.

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