Finance

Co-founder and CEO of Binance, Changpeng Zhao, speaks on stage during the opening night of Web Summit 2022. Hugo Amaral | Sopa Images | Lightrocket | Getty Images LISBON, Portugal — The boss of crypto exchange Binance says he wasn’t privy to Elon Musk’s thinking when the billionaire backed away from, and then revived, his

In this article INTU MTCH AMD ABNB Follow your favorite stocksCREATE FREE ACCOUNT The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. Charles Platiau | Reuters Check out the companies making headlines in extended trading. Airbnb — The lodging stock

In this article IT DECK JNJ ABMD PFE GT Follow your favorite stocksCREATE FREE ACCOUNT A traveller waits for an Uber rider at Midway International Airport on May 09, 2022 in Chicago, Illinois. Uber plans to cut spending and hiring in an attempt slow the company’s plummeting stock price, which is down nearly 50 percent

U.K. Prime Minister Rishi Sunak at 10 Downing Street. Dan Kitwood | Getty Images U.K. cryptocurrency firms and investors have high hopes that new prime minister Rishi Sunak could turn around Britain’s fading crypto aspirations. The new U.K. leader, who was finance minister in former PM Boris Johnson’s government, faces a daunting to-do list, which

In this article GT HOLX IDXX Follow your favorite stocksCREATE FREE ACCOUNT A customer waits for his car at the garage of Avis Budget Group at the San Francisco airport. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Avis Budget Group – Shares of the budget

In this article TSP OXY ALGN HBI GPN NWL WYNN Follow your favorite stocksCREATE FREE ACCOUNT This photograph taken on October 20, 2022 shows the signage of Wynn Casino resort with the Grand Lisboa and Casino Lisboa in the backdrop in Macau. Eduardo Leal | AFP | Getty Images Check out the companies making headlines

In this article CSG.N-CH NBHC Follow your favorite stocksCREATE FREE ACCOUNT The chairman of one of Credit Suisse’s newest and biggest shareholders called on the beleaguered bank to deliver a swift overhaul and return to a “very stable, conservative Swiss banking posture.” Saudi National Bank, the kingdom’s largest lender and majority-owned by the Saudi government,

In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration Dado Ruvic | Reuters Bitcoin’s lack of volatility lately isn’t a bad thing and could actually point to signs of a “bottoming out” in prices, analysts and investors told CNBC. Digital

It appears most ETF investors aren’t cashing out of technology despite this year’s painful losses. The widely-held ARK Innovation ETF and the Technology Select Sector SPDR Fund, down 59% and 25% respectively this year, aren’t showing meaningful outflows so far this year. Invesco’s Anna Paglia lists a reason: Investors are more loyal to the idea of

Amazon.com delivery trucks in Richmond, California, U.S., on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Amazon — Shares of the e-commerce giant plunged as much as about 19% in extended trading Thursday after the company posted weaker-than-expected earnings and revenue for the third quarter

In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT The CEO of Bank of America, one of the financiers of Elon Musk‘s Twitter takeover, doesn’t appear worried about the deal. CNBC reported on Thursday that Musk is now in charge of Twitter. Binance, one of the investors in the deal, told CNBC the acquisition

U.S. consumer spending is experiencing a “mitigation of growth” but not a slowdown, Bank of America CEO Brian Moynihan said Friday. Interest rate hikes by the Federal Reserve are starting to be felt in the housing and auto markets, and renters will see their budgets squeezed as landlords pass on higher costs, he told CNBC’s

In this article CVX XOM AMZN AAPL Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Exxon Mobil (XOM) – Exxon Mobil added 2.2% in premarket trading after record profits exceeded analyst forecasts. Higher natural gas prices and cost controls helped offset the slide in crude oil prices. Chevron

Dimitri Otis | Stone | Getty Images The U.S. economy grew in the third quarter, reversing a negative trend from the first half of the year — but weakness looms under the surface and households shouldn’t be lulled into a false sense of financial security, economists and financial advisors said. “I think investors should still

In this article TMUS DXCM DVA EW AMZN INTC AAPL Follow your favorite stocksCREATE FREE ACCOUNT Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022. Andrew Kelly | Reuters Check out the companies making headlines in midday trading. Apple – Shares

Pictured here is a chip manufacturing plant in Suqian city, East China’s Jiangsu Province, April 1, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China is so far behind the U.S. in semiconductor technology that some investors are betting on startups to fill that gap. The U.S. this month imposed new restrictions

Parts of Shanghai have faced intermittent restrictions on business due to Covid controls, even after a broader two-month lockdown ended in June. Vcg | Visual China Group | Getty Images BEIJING — Nearly twice as many U.S. companies cut their investment in China this year versus last year, the American Chamber of Commerce in Shanghai

[The stream is slated to start at 08:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision. The ECB announced Thursday a 75-basis-point interest rate hike — its third

Credit Suisse on Thursday posted a quarterly loss that was significantly worse than analyst estimates, as it announced a massive strategic overhaul. The embattled lender posted a third-quarter net loss of 4.034 billion Swiss francs ($4.09 billion), compared to analyst expectations for a loss of 567.93 million Swiss francs. The figure was also well below

A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. Benoit Tessier | Reuters Check out the companies making headlines after the bell:  Meta Platforms — The Facebook parent plunged more than