Finance

In this article .STI Follow your favorite stocksCREATE FREE ACCOUNT Signage for the Monetary Authority of Singapore (MAS) is displayed outside the central bank’s headquarters in Singapore. Sam Kang Li | Bloomberg | Getty Images Singapore’s central bank established a task force to bolster the city-state’s stock market. The Monetary Authority of Singapore announced that

Customers are trying on and learning about Apple Vision Pro headsets at an Apple store in Shanghai, China, on July 22, 2024.  Costfoto | Nurphoto | Getty Images Check out the companies making headlines in extended trading: Intel — The chip stock sank 17%. Intel said it would suspend its dividend in the fiscal fourth

AI-generated responses are becoming more common, whether travelers know or not. Westend61 | Getty Images An automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive artificial intelligence could be for the wealth management industry. The service has added more than 22,000 users since its launch

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could open the door for future interest rate cuts. Central bankers made no obvious indications, though, that a reduction is imminent, choosing to maintain language that indicates ongoing concerns about economic conditions,

Illustrative image of two commemorative bitcoins seen in front of the national flag of Russia displayed on a computer screen. Artur Widak | Nurphoto | Getty Images Russia is considering legalizing the use of cryptocurrency for international payments as the country faces ongoing financial pressure from Western sanctions. The State Duma, which is the lower house

US Federal Reserve Chair Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024.  Chris Kleponis | AFP | Getty Images This week’s Federal Reserve meeting is not much about the present but potentially

In this article BRK.A BAC Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.  David A. Grogen | CNBC Berkshire Hathaway’s selling streak in its big Bank of America stake has extended to nine straight days, suggesting that

A development towers over the Lyric Theater in Miami’s Overtown neighborhood. Greg Iacurci MIAMI — Nicole Crooks stood in the plaza of the historic Lyric Theater, a royal blue hat shielding her from the midday sun that baked Miami. In its heyday, the theater, in the city’s Overtown neighborhood, was an important cultural hub for

In this article SQ PYPL Follow your favorite stocksCREATE FREE ACCOUNT Buy now, pay later firms like Klarna and Block’s Afterpay could be about to face tougher rules in the U.K. Nikolas Kokovlis | Nurphoto | Getty Images Britain’s new Labour government will soon set out updated plans to regulate the “buy now, pay later”

In this article Follow your favorite stocksCREATE FREE ACCOUNT It’s a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut. Franklin Templeton is one of the nine spot ether ETF applicants which got approval Tuesday from the Securities and Exchange commission. The firm is behind the Franklin Ethereum ETF (EZET)

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 4, 2024. CNBC Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett’s conglomerate has reduced its stake in the bank. The Omaha, Nebraska-based holding company sold another 18.9 million shares via

China’s retail sales grew by 3.7% in the first half of the year from a year ago. CNBC | Evelyn Cheng SHANGHAI — China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the Covid-19 pandemic. Authorities announced they would allocate 300 billion Chinese yuan ($41.5 billion) in

Nio’s second factory in the city of Hefei has around 2,000 human workers and 756 robots. CNBC | Evelyn Cheng BEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis of the four automakers’ first-quarter earnings. It’s a strategy for survival in

Hinterhaus Productions | Stone | Getty Images Many workers will see their annual raise shrink next year as the job market continues to cool from its torrid pace in the pandemic era. The typical worker will get a 4.1% pay raise for 2025, down from 4.5% this year, according to a new poll by WTW,

A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California, on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in extended trading: Alphabet — The tech giant slipped 1% despite a beat on both top

A worker produces chips at a semiconductor manufacturing enterprise in Binzhou, China, on June 4, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Four of the world’s largest semiconductor equipment manufacturers, including ASML, have seen the share of their China revenue more than double since late 2022, Bank of America analysts said in a

Rana Robillard, an Oakland-based tech executive, in front of the home in Orinda, CA that she attempted to purchase earlier this year. Courtesy: Rana Robillard After a yearlong search, Rana Robillard was elated to learn she’d beaten three other bidders for a house in the leafy California suburb of Orinda, just outside of San Francisco. So

In this article .RUT Follow your favorite stocksCREATE FREE ACCOUNT The money flow into small caps may not be a rotation from winning growth trades. Dave Nadig, ETF journalist and financial futurist, sees investors “just buying, buying, buying.” “What we’re seeing is a diversification trade,” he told CNBC’s “ETF Edge” this week. “We’re seeing flows

Rohit Chopra, director of the Consumer Financial Protection Bureau, during a House Financial Services Committee hearing on June 13, 2024. Tierney L. Cross/Bloomberg via Getty Images The Consumer Financial Protection Bureau is cracking down on so-called paycheck advance programs, which have grown popular with workers in recent years. Such programs, also known as earned wage

Real estate building under construction in Qingjiangpu District, Huai ‘an City, Jiangsu province, China, on July 15, 2024. Cfoto | Future Publishing | Getty Images BEIJING — Top Chinese officials on Friday emphasized the country would focus on its own affairs in the face of rising trade tensions. “As long as we do our own