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   NEWS: CNBC FINANCE
CNBC Finance
May 14, 2024

AMC completes $250 million stock sale during meme rally, shares jump 100% in premarket
On Monday, movie theater operator AMC sold 72.5 million shares in an at-the-market equity offering.

CNBC Finance
May 14, 2024

Fintech firm Klarna says 90% of its employees are using generative AI daily
"Buy now, pay later" firm Klarna says generative AI has seen substantially high adoption among its 5,000-strong workforce.

CNBC Finance
May 13, 2024

GameStop, AMC soar more than 70% each as ‘Roaring Kitty' meme trader resurfaces
GameStop shares soared Monday after "Roaring Kitty" posted online for the first time in roughly three years.

CNBC Finance
May 13, 2024

GameStop soars 70% as 'Roaring Kitty,' who drove meme craze, resurfaces
GameStop shares soared Monday after "Roaring Kitty" posted online for the first time in roughly three years.

CNBC Finance
May 13, 2024

GameStop soars 70% as 'Roaring Kitty', who drove meme craze, resurfaces
GameStop shares soared Monday after "Roaring Kitty" posted online for the first time in roughly three years.

CNBC Finance
May 13, 2024

Freetrade, Britain's answer to Robinhood, says its CEO is stepping down
British stockbrokerage platform Freetrade told CNBC exclusively Monday that its long-time CEO Adam Dodds has stepped down.

CNBC Finance
May 13, 2024

GameStop shares soar 60% as trader 'Roaring Kitty', who drove meme craze, resurfaces
GameStop shares soared Monday after "Roaring Kitty" posted online for the first time in roughly three years.

CNBC Finance
May 13, 2024

GameStop shares jump 30% as trader 'Roaring Kitty' who drove meme craze posts online again
GameStop shares soared in premarket trading Monday after "Roaring Kitty" posted online for the first time in roughly three years.

CNBC Finance
May 12, 2024

‘I feel like I've been tricked': Some property buyers in China's Tianjin have been waiting 8 years for their homes
A group of around 1,500 homebuyers have yet to see the apartments they paid for about eight years ago, as challenges persist in China's property sector.

CNBC Finance
May 11, 2024

This inflation-focused ETF may be in a sweet spot
Horizon Kinetics' James Davolos thinks his firm's inflation-focused ETF is "ideally positioned" for gains this year.

CNBC Finance
May 11, 2024

Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting
It took a total of 12 months and a number of iterations for Yu Shu to finish the final version of the Munger bust.

CNBC Finance
May 10, 2024

The rule capping credit card late fees at $8 is on hold — here's what it means for you
The outcome preserves, at least for now, a key revenue stream for the U.S. card industry. The CFPB said the rule would've saved Americans $10 billion a year.

CNBC Finance
May 10, 2024

Sweetgreen shares soar 34% after company beats revenue expectations
Shares of the salad chain surged 34% Friday after the company's revenue beat analysts' expectations during its fiscal first quarter.

CNBC Finance
May 10, 2024

Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86
Jim Simons, a legendary mathematician who founded the most successful quantitative hedge fund Renaissance Technologies, passed away on Friday.

CNBC Finance
May 10, 2024

Sweetgreen shares soar 35% after company beats revenue expectations
Shares of the salad chain surged 35% Friday after the company beat Wall Street's forecast for first-quarter results.

CNBC Finance
May 09, 2024

European companies in China are under pressure from slower growth, overcapacity
European companies are finding it harder to make money in China as growth slows and overcapacity pressures increase, according to an annual business survey.

CNBC Finance
May 09, 2024

CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze
The credit card regulation is part of President Joe Biden's broader election-year war against what he deems junk fees.

CNBC Finance
May 09, 2024

Watch Governor Andrew Bailey speak after the Bank of England's rate decision
Bank of England Governor Andrew Bailey is speaking at a press conference following the U.K. central bank's latest monetary policy decision.

CNBC Finance
May 09, 2024

A rare hostile takeover bid in Europe's banking sector has shocked markets
Spanish bank BBVA caught markets by surprise after it announced a rare hostile takeover bid for domestic rival Banco Sabadell.

CNBC Finance
May 08, 2024

Stocks making the biggest moves after hours: Airbnb, Robinhood, Arm Holdings, Equinix and more
These are the stocks posting the largest moves in extended trading.

CNBC Finance
May 08, 2024

Robinhood climbs after reporting record earnings for first quarter
Shares of the brokerage firm rose after first-quarter results topped Wall Street expectations.

CNBC Finance
May 08, 2024

British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
TS Anil, CEO of Monzo, told CNBC his firm plans to use the cash to build new products and accelerate its international expansion plans.

CNBC Finance
May 08, 2024

HD Hyundai Marine Solution doubles in South Korea's largest IPO since January 2022
Shares traded as high as 125,000 South Korean won ($91.55) apiece, representing a 49.88% surge from the IPO price of 83,400 won.

CNBC Finance
May 07, 2024

Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term
Druckenmiller said he reduced his Nvidia bet after "the stock went from $150 to $900."

CNBC Finance
May 06, 2024

Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending
Citigroup CEO Jane Fraser joined CNBC's Sara Eisen on Monday for an interview on the economy.

CNBC Finance
May 06, 2024

Buffett's Berkshire Hathaway gains as insurance lifts first-quarter profit and cash nears $200 billion
The Oracle of Omaha's massive conglomerate posted robust earnings, driven by strong insurance underwriting gains as well as higher Treasury yields.

CNBC Finance
May 04, 2024

Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'
"I was 100% responsible for the Paramount decision," Buffett said. "It was 100% my decision, and we've sold it all and we lost quite a bit of money."

CNBC Finance
May 04, 2024

Warren Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he's gone
"I would leave the capital allocation to Greg and he understands businesses extremely well," Buffett said at Berkshire's annual meeting.

CNBC Finance
May 04, 2024

Berkshire cuts Apple investment by about 13%, Buffett hints that it's for tax reasons
Berkshire reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake.

CNBC Finance
May 04, 2024

Warren Buffett says Berkshire Hathaway is looking at an investment in Canada
The Oracle of Omaha noted that he is 'confident' in placing bets in the country.

CNBC Finance
May 04, 2024

'A lot of money on the sidelines': Calamos Investments thinks ETFs should target CD, money market customers
There may be an untapped market for exchange-traded funds.

CNBC Finance
May 04, 2024

Berkshire Hathaway operating earnings soar 39% as Buffett's cash hoard swells to record $188 billion
Berkshire Hathaway reported a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels.

CNBC Finance
May 04, 2024

Warren Buffett's Berkshire Hathaway cut Apple investment by about 13% in the first quarter
Berkshire reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake.

CNBC Finance
May 03, 2024

Warren Buffett's shopping extravaganza kicks off with Squishmallows pit, 'Poor Charlie's Almanack'
The Oracle of Omaha's annual event kicked off with wares from See's Candies to the latest Squishmallows of Warren Buffett and Charlie Munger.

CNBC Finance
May 03, 2024

Berkshire Hathaway's big mystery stock wager could be revealed soon
Warren Buffett's bet, shrouded in mystery, has captivated Berkshire Hathaway investors since first appearing in disclosures late last year.

CNBC Finance
May 03, 2024

Talent war between family offices and Wall Street drives up salaries
Wealthy families are spending an average of $3 million to run their family offices, according to a J.P. Morgan Private report, and the biggest cost is staffing.

CNBC Finance
May 03, 2024

First Berkshire Hathaway annual meeting without Charlie Munger: What to expect from Warren Buffett
The absence of Charlie Munger will be on everyone's mind when Berkshire Hathaway's annual shareholder meeting kicks off Saturday in Omaha.

CNBC Finance
May 03, 2024

'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat'
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat."

CNBC Finance
May 03, 2024

China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home
Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.

CNBC Finance
May 01, 2024

Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.

CNBC Finance
May 01, 2024

Bitcoin pares earlier losses after Fed leaves rates unchanged
Bitcoin intensified its recent slide on Wednesday, falling to its lowest level in over two months.

CNBC Finance
May 01, 2024

Fed keeps rates steady as it notes 'lack of further progress' on inflation
With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.

CNBC Finance
May 01, 2024

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

CNBC Finance
May 01, 2024

NYCB shares jump 30% after CEO gives two-year plan for 'clear path to profitability'
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.

CNBC Finance
May 01, 2024

Bitcoin sinks to $57,000 to start May as investors brace for Fed rate decision
Bitcoin intensified its recent slide on Wednesday, falling to its lowest level in more than two months.

CNBC Finance
May 01, 2024

Why hundreds of U.S. banks may be at risk of failure
Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.

CNBC Finance
May 01, 2024

NYCB shares jump after new CEO gives two-year plan for 'clear path to profitability'
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.

CNBC Finance
May 01, 2024

Bitcoin nosedives below $57,000 to two-month low ahead of U.S. Fed decision
Bitcoin dropped as low as $56,757.93, falling below $57,000 for the first time since Feb. 28, according to data from CoinGecko.

CNBC Finance
Apr 30, 2024

New Calamos ETF promises ‘100% downside protection.' Here's how it works
"There's no tricks. There's no magic. This is the secret sauce," Calamos Investments' Matt Kaufman said.

CNBC Finance
Apr 30, 2024

Stocks making the biggest moves after hours: Amazon, Starbucks, Pinterest, Advanced Micro Devices and more
These are the stocks posting the largest moves in extended trading.

CNBC Finance
Apr 30, 2024

This is the level where the 10-year Treasury yield becomes a 'clear problem' for stocks, Goldman study shows
Goldman said that when the 10-year Treasury yield hits 5%, the correlation between bond yields and stocks turns negative.

CNBC Finance
Apr 30, 2024

HSBC beats expectations in first-quarter earnings; CEO Noel Quinn to retire
The company also announced the surprise retirement of Group Chief Executive Officer Noel Quinn.

CNBC Finance
Apr 30, 2024

HSBC beats expectations in first quarter earnings; CEO Noel Quinn to retire
The company also announced the surprise retirement of Group Chief Executive Officer Noel Quinn.

CNBC Finance
Apr 30, 2024

HSBC beats expectations in first quarter earnings; Group CEO Noel Quinn to retire
HSBC has approved a first interim dividend of 10 cents per share, as well as a special dividend of 21 cents per share.

CNBC Finance
Apr 28, 2024

Musk makes surprise visit to Beijing as Tesla's China-made cars pass data security rules
Local authorities removed restrictions on Tesla cars after the company passed China's data security requirements, the automaker said Sunday.

CNBC Finance
Apr 27, 2024

‘This is a unique time': ARK Invest's chief futurist tackles tech innovation from AI to robotics
ARK Invest's chief futurist Brett Winton lists five groups in the heart of tech innovation.

CNBC Finance
Apr 26, 2024

Miami is 'ground zero' for climate risk. People are moving to the area and building there anyway
Miami is undergoing a boom despite a high vulnerability to sea level rise, floods and more intense storms. Residents may face financial hardship.

CNBC Finance
Apr 26, 2024

Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says
Trump's political operatives are putting together a plan that would give him unprecedented influence over the Fed, the report states.

CNBC Finance
Apr 26, 2024

Chinese EV start-ups Nio and Xpeng turn to the mass market for growth
Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly-branded cars this year.

CNBC Finance
Apr 25, 2024

Why ARK Invest thinks it's an 'amazing time' to invest in cutting-edge tech
ARK Invest's Brett Winston is betting big on private tech companies for long-term gains.

CNBC Finance
Apr 25, 2024

Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates
Stocks fell Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.

CNBC Finance
Apr 25, 2024

Dow drops more than 400 points on inflation and growth concerns, Meta drags S&P 500 lower: Live updates
Stocks fell sharply Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.

CNBC Finance
Apr 25, 2024

Barclays shares up 6% as bank swings back to profit in first quarter amid strategic overhaul
Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.

CNBC Finance
Apr 25, 2024

Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.

CNBC Finance
Apr 25, 2024

Dow drops more than 600 points on inflation and growth concerns, heads for biggest drop of the year: Live updates
Stocks fell sharply Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.

CNBC Finance
Apr 25, 2024

Deutsche Bank shares up 7% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.

CNBC Finance
Apr 25, 2024

Barclays shares up 4% as bank swings back to profit in first quarter amid strategic overhaul
Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.

CNBC Finance
Apr 25, 2024

Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions
AI startup Synthesia on Thursday announced the launch of its "Expressive Avatars," AI-generated digital avatars that can convey human emotions.

CNBC Finance
Apr 25, 2024

Barclays swings back to profit in first quarter amid strategic overhaul
Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.

CNBC Finance
Apr 25, 2024

Deutsche Bank posts better-than-expected profit in first quarter amid investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.

CNBC Finance
Apr 24, 2024

Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.

CNBC Finance
Apr 24, 2024

JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.

CNBC Finance
Apr 24, 2024

Klarna scores major payment deal with Uber ahead of hotly anticipated IPO
The global deal will see Klarna added as a payment option on the Uber and Uber Eats apps in the U.S., Germany, and Sweden.

CNBC Finance
Apr 24, 2024

U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao
U.S. prosecutors on Tuesday recommended an above-guidance, 36-month sentence for former Binance CEO Changpeng Zhao.

CNBC Finance
Apr 24, 2024

China may have to brace for a new wave of bond defaults, S&P says
China might see a new wave of bond defaults as soon as next year — the third round in about a decade, according to an S&P Global Ratings report released Tuesday.

CNBC Finance
Apr 24, 2024

China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.

CNBC Finance
Apr 23, 2024

Philippines orders removal of Binance from Google and Apple app stores
The Philippines' Securities and Exchange Commission sent letters to Google and Apple requesting the removal of Binance apps from their respective app stores.

CNBC Finance
Apr 23, 2024

Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending
One's expanding role at Walmart raises the possibility that the company could force Affirm and others out of some of the most coveted partnerships in retail.

CNBC Finance
Apr 22, 2024

Consumers may soon get access to a share of $8.8 billion in Inflation Reduction Act home energy rebates
Home Energy Rebates funding should start flowing to many consumers within months after the Department of Energy approved the first state application.

CNBC Finance
Apr 21, 2024

Here's where the world's top 0.001% are putting their money, according to wealth experts
There are about 28,420 centimillionaires globally, largely concentrated in New York City, the Bay Area, Los Angeles, London and Beijing.

CNBC Finance
Apr 20, 2024

'Big change' in global growth is bullish for commodities including copper, says VanEck CEO
VanEck CEO Jan van Eck thinks the commodities' rally has more room to run.

CNBC Finance
Apr 20, 2024

If you're investing in the AI theme for the long haul, here's how to pick the winners
The excitement behind artificial intelligence is far from over. How to make smart decisions when investing behind the trend.

CNBC Finance
Apr 19, 2024

China's fiscal stimulus is losing its effectiveness, S&P says
China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings said.

CNBC Finance
Apr 18, 2024

National Park Week is coming up — and that means free entry for visitors
Visitors get free admission to all national parks on April 20.

CNBC Finance
Apr 18, 2024

Why semiconductors could be the most efficient artificial intelligence play
High demand and a competitive moat could position AI chipmakers for lasting outperformance, experts say.

CNBC Finance
Apr 18, 2024

Global police agencies take down massive scam website that defrauded thousands of victims
Britain's Metropolitan Police said in a statement Thursday that the LabHost website was used by 2,000 criminals to steal users' personal details.

CNBC Finance
Apr 18, 2024

TSMC beats first-quarter revenue and profit expectations on strong AI chip demand
TSMC is the world's largest producer of advanced processors and counts companies such as Nvidia and Apple as its clients.

CNBC Finance
Apr 17, 2024

Wall Street pushes out rate-cut expectations, sees risk they don't start until March 2025
Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.

CNBC Finance
Apr 16, 2024

Regional bank earnings may expose critical weaknesses, former FDIC Chair Sheila Bair warns
Sheila Bair, who ran the FDIC during the financial crisis, is nervous about a handful of regional banks going into earnings.

CNBC Finance
Apr 16, 2024

K-pop stocks have sold off this year, but Goldman sees a turnaround
The K-Pop market is 'misunderstood', says Goldman Sachs, and it is on track for further growth in its global fanbase

CNBC Finance
Apr 16, 2024

Who should pay for the first date? Dating coaches and a couples therapist weigh in
Dating experts say the man in heterosexual couples should generally pay the check.

CNBC Finance
Apr 16, 2024

Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
Powell said that while inflation continues to make its way lower, the current state of policy should remain intact.

CNBC Finance
Apr 16, 2024

Watch Fed Chair Powell speak live during a policy forum in Washington
Fed Chair Jerome Powell speaks to the Wilson Center's Washington Forum on the Canadian Economy.

CNBC Finance
Apr 16, 2024

Morgan Stanley tops expectations on wealth management, trading and investment banking results
How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?

CNBC Finance
Apr 16, 2024

Bank of America tops estimates on better-than-expected interest income, investment banking
Will Bank of America follow rivals in posting better-than-expected Wall Street revenue?

CNBC Finance
Apr 15, 2024

Goldman Sachs tops first-quarter estimates fueled by trading, investment banking
Goldman Sachs CEO David Solomon has taken his lumps in the past year, but a turnaround appears to be underway, fueled by a rebound in Wall Street activities.

CNBC Finance
Apr 15, 2024

Freetrade, Britain's answer to Robinhood, posted its first quarterly profit
British stock trading app Freetrade hit breakeven earlier this year, the company told CNBC, marking its first-ever move into the black.

CNBC Finance
Apr 15, 2024

Goldman Sachs reports earnings before market open — here's what the Street expects
Goldman Sachs CEO David Solomon has taken his lumps in the past year, but hope is building for a turnaround.

CNBC Finance
Apr 13, 2024

'Buffett really was not a great stock picker': Financial researcher Larry Swedroe on how investors can emulate the billionaire investor
Larry Swedroe, who's considered one of the market's most esteemed researchers, thinks Warren Buffett's investment style doesn't work well anymore.

CNBC Finance
Apr 12, 2024

90% of qualifying electric-vehicle buyers opt for $7,500 'new clean vehicle' tax credit as upfront payment, Treasury says
Most qualifying buyers of new electric vehicles choose to get their tax break as an advance payment instead of waiting until tax season.

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