Finance

Pictured here is a shopping mall in Hangzhou, China, on Sept. 9, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s retail sales, industrial production and urban investment in August all grew slower than expected, according to National Bureau of Statistics data released Saturday. Retail sales rose by 2.1% in August from a year ago, missing expectations

Hedge fund billionaire John Paulson, who made a name for himself by betting against the housing market during the financial crisis and who is today a prominent supporter of former President Donald Trump, said there could be a collapse in the financial markets and a recession if Vice President Kamala Harris’ proposed tax plans become a

External view of the stand where Adobe Digital Imaging Evangelist Director, Photoshop & Lightroom Julieanne Kost conduct a Lightroom workshop at Xposure on February 29, 2024, in Sharjah, United Arab Emirates. Horacio Villalobos | Corbis News | Getty Images Check out the companies making headlines in extended trading: Adobe — Shares plunged more than 10%

Chris Wattie | Reuters The U.S. Federal Reserve’s easing cycle will be “mild” by historical standards when it starts cutting rates at its September policy meeting, ratings agency Fitch said in a note. In its global economic outlook report for September, Fitch forecast 25-basis-point cut each at the central bank’s September and December meeting, before

A banner plays up China’s trade-in policy at a home goods expo in Qingdao, Shandong province, China, on June 1, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s plan to boost consumption by encouraging trade-ins has yet to show significant results, several businesses told CNBC. China in July announced allocation of 300 billion

Kai-Fu Lee, chairman and chief executive officer of Sinovation Ventures, speaks during the HICOOL Global Entrepreneur Summit on September 11, 2021 in Beijing, China.   China News Service | China News Service | Getty Images BEIJING — Chinese artificial intelligence models may be at least half a year behind those developed in the U.S., but Chinese

Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a “large and underserved” market of some 2.8 million British “digital nomads.” Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Dutch challenger bank Bunq told CNBC that it plans to grow its global headcount by 70% this year to over

In this article .VIX Follow your favorite stocksCREATE FREE ACCOUNT September is living up to its reputation as a volatile month, and this creates more challenges to the Big Tech trade. But one low-volatility ETF is still betting big on it. Alliance Bernstein is behind the AB US Low Volatility Equity ETF. According to FactSet,

José Luis Gutiérrez | iStock Photo Why are September and October historically weak for stocks? For answers, I turned to Mark Higgins, senior vice president at Index Fund Advisors and author of the book, Investing in U.S. Financial History: Understanding the Past to Forecast the Future. The answers have been edited for clarity. What is it

Warren East, former CEO of Rolls Royce and Arm, speaking at a tech event in London on June 13, 2022. Luke MacGregor | Bloomberg via Getty Images CAMBRIDGE, England — The U.K. is doing a bad job of commercializing technology businesses globally and needs a mindset shift from the investor community to win on the

In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Daniel Pinto, JPMorgan’s chief executive of corporate and investment bank. Simon Dawson | Bloomberg | Getty Images JPMorgan Chase shares fell 7% Tuesday after the bank’s president told analysts that expectations for net interest income and expenses in 2025 were too optimistic. While the bank

Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on “Recent Bank Failures and the Federal Regulatory Response” on Capitol Hill in Washington, March 28, 2023. Evelyn Hockstein | Reuters A top Federal Reserve official on Tuesday unveiled changes to a proposed set

egetable prices in China have risen significantly this summer, with analysts pointing to high temperatures and frequent rainfall as the main reasons. Vcg | Visual China Group | Getty Images BEIJING — China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations as transportation and home goods

In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, CEO of Goldman Sachs, during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York on Aug. 6, 2024. Jeenah Moon | Bloomberg | Getty Images Goldman Sachs will post a roughly $400 million pretax hit to third-quarter

Federal Reserve Chairman Jerome Powell. Andrew Harnik | Getty Images The U.S. Federal Reserve can afford to make a jumbo 50 basis points rate cut next week without spooking markets, an analyst has suggested, as opinion on the central bank’s forthcoming meeting remains hotly divided. Michael Yoshikami, CEO of Destination Wealth Management, said Monday that

Huawei is planning to release a three-fold smartphone on Sept. 10, just hours after Apple’s scheduled new iPhone launch. Cfoto | Future Publishing | Getty Images BEIJING — Huawei has received more than 2.7 million pre-orders for its tri-fold smartphone, its website showed on Monday. The Chinese company began pre-orders for its Mate XT midday

In this article GLD GLDM XLK Follow your favorite stocksCREATE FREE ACCOUNT Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fund boom before year-end. “With that $6 trillion plus parked in money market funds, I do think that is really the

Big banks are jumping headfirst into the AI race. Over the past year, Wall Street’s largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. Some are striking deals and partnerships to

Instead of high-net-worth individuals, C-suite executives in China are increasingly using business jets, said Paul Desgrosseilliers, general manager at ExecuJet Haite General Aviation Services. The company opened a new service center at Beijing Daxing International Airport on Aug. 27, 2024. ExecuJet Haite BEIJING — China’s wealthy are increasingly looking for ways to move capital outside

Yi Gang was governor of the People’s Bank of China from 2018 to 2023. He is pictured here speaking at the Peterson Institute for International Economics in Washington, DC, US, on Saturday, April 15, 2023. Bloomberg | Bloomberg | Getty Images SHANGHAI — China’s policymakers need to focus on boosting domestic demand, Yi Gang, former