cnbc news
- Finance
Earnings Round-Up: In short – energy good, tech bad
Three reports in the US on Friday and the weekend tell us a lot about what America’s corporate scene looks…
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Volpara Health (ASX:VHT) signs contract with Radnet Management
Volpara Health Technologies (ASX:VHT) has signed a 42-month contract with Radnet Management, with a mutual option to extend. Volapara, which…
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Bubs Australia (ASX:BUB) enters two new US supply agreements
Bubs Australia (ASX:BUB) has entered into new supply agreements with two retail banner groups in the US, in anticipation of…
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Suncorp (ASX:SUN) posts general insurance and FY23 program update
Suncorp (ASX:SUN) has provided an update on the weather impacting NSW and parts of South-East Queensland, as well as confirming…
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Stocks of the Hour: icetana, NRW Holdings, Bowen Coking Coal
The Australian sharemarket has jumped 1.7 per cent to 6,652. The SPI futures are pointing to a rise of 103…
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When Where You Work Determines if You Can Get an Abortion
“In low-wage sectors, this is going to become one of those issues where people are leaving low-paying jobs for slightly…
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Klarna valuation to be chopped to $6.5bn in fresh fundraise
Klarna is nearing a deal to raise new money at a valuation of around $6.5bn, according to people familiar with…
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Money laundering watchdog pushes for crypto information-sharing rules
Most countries lack “travel rule” laws that could help prevent the illicit use of cryptocurrency by criminals and terrorists, a…
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Leon Black rebuffed in Apollo conspiracy claim
A federal judge dismissed a case brought by former Apollo Global Management chief executive Leon Black alleging that his former partner and…
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UBS in $25m SEC settlement over complex options products
UBS agreed to pay $25m to settle fraud charges from the Securities and Exchange Commission over a complex options-trading strategy…
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Nutmeg CEO steps down after JPMorgan takeover: ‘I am now taking some time out’
The boss of the UK’s largest digital wealth manager Nutmeg has stepped down following the firm’s buyout by JPMorgan. A…
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Revolut appoints new US chief to lead expansion
Revolut has appointed a new chief executive in the US as it looks to expand its operations across the Atlantic.…
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Three Arrows Capital falls into liquidation as crypto winter bites
Cryptocurrency-focused hedge fund Three Arrows Capital has gone bust, becoming one of the most prominent victims yet of the so-called…
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State Street, Ninety One CEOs: Defunding polluters is not the path to net zero
Ron O’Hanley is chief executive of State Street and Hendrik du Toit is chief executive of NinetyOne Today, more investors and…
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The Fintech Files: Will Celsius customers hit HODL?
Customers of the beleaguered crypto lender Celsius have had withdrawals frozen for more than two weeks – now, some involved in…
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JPMorgan leaves the LME nickel crisis behind
US investment bank JPMorgan no longer has exposure to nickel. A drop in the price of the metal at the…
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Apollo’s bid for Boots fails as Walgreens abandons £5bn sale
The blockbuster sale of UK chemist Boots has reportedly been abandoned amid uncertainty in the debt markets. Walgreens Boots Alliance,…
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Corporate governance and audit reform – watered down or pragmatic?
Jim Oulton and Tim Shepherd are partners in the litigation and dispute resolution department of Mayer Brown International where they…
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Crypto lobbyist donated £500k to Conservatives before UK’s ‘crypto hub’ move
The Conservative Party received a £500,000 donation from a British crypto investor two months before the government pledged to make…
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Credit Suisse fined $2m over money laundering linked to cocaine trafficking
Credit Suisse and a former employee were found guilty 27 June in a Swiss federal criminal court of helping a Bulgarian crime…
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Three Arrows hedge fund has defaulted on $675m crypto loan, broker Voyager Digital says
Crypto broker Voyager Digital said that hedge fund Three Arrows Capital had defaulted, failing to make loan payments tied to large bets in…
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The Quest to Beat High Gas Prices
“A hack I would love to have is car-pooling,” said Alexa Lopez. But she has not found a viable options…
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Local leadership driving progress on the Sustainable Development Goals
As the halfway point to 2030 nears, the importance of cities and local leaders to achieving the Sustainable Development Goals…
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MPs to up FCA oversight as regulators face Brexit pressure
MPs are setting up a new body to oversee the UK’s regulators, as Brexit continues to heap pressure on agencies such…
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LME appoints Oliver Wyman to oversee nickel crisis post-mortem
The London Metal Exchange has selected Oliver Wyman to head the exchange’s independent review of its handling of the nickel…
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Boards rush to fill crypto knowledge gap despite crash: ‘Ignore at your peril’
The long-awaited crypto winter may be in full swing, but boardrooms are in back-to-school mode when it comes to cryptocurrencies…
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Barclays hires Bank of America veteran Arif Vohra to co-head FIG in Europe
Barclays has hired a Bank of America veteran to co-head its coverage of financial institutions in Europe after a number…
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Three Arrows Capital behind on $666m loan, crypto broker Voyager Digital says
Crypto broker Voyager Digital said it may issue a notice of default to Three Arrows Capital if the crypto hedge fund fails…
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High inflation ‘is keeping us up at night,’ says Bank of Canada senior deputy governor
Breadcrumb Trail Links News FP Economy Carolyn Rogers does not rule out 75-basis-point hike in July Bank of Canada senior…
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What economists say about soaring inflation and the Bank of Canada
Breadcrumb Trail Links News FP Economy ‘If you aren’t over 40, you have never lived through inflation like this’ Economists…
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Sobeys parent Empire boosts dividend after growing profits in latest quarter
Breadcrumb Trail Links Retail & Marketing News FP Economy Higher fuel sales and increased food inflation helped lift revenue Publishing…
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Canada’s inflation rate soars to highest since 1983
Breadcrumb Trail Links News FP Economy 7.7% spike much hotter than economists expected Canada’s annual inflation rate accelerated to 7.7…
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Milk prices are going up again as critics say dairy decisions too secretive
Breadcrumb Trail Links News FP Economy Agriculture Dairy farmers call for second hike this year as their costs skyrocket The…
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Cost inflation inescapable as $400-million Sagard private equity fund eyes targets
Breadcrumb Trail Links News FP Investor FP Finance FP Economy ‘We’re looking for businesses that do well in tougher times’…
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Woodford fund administrator’s woes mount as law firms double up for legal action
Two law firms representing thousands of investors left trapped in Neil Woodford’s defunct flagship fund have joined forces to pursue…
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Citigroup names Alexander Stiris to lead European commercial bank ahead of hiring spree
Citigroup has shifted its top dealmaker in the Nordic region to lead its commercial banking operation in Europe as it…
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Deutsche Borse strikes crypto deal in search for ‘high-quality’ data
Deutsche Borse is partnering with digital assets data provider Kaiko to extend its data offering to the crypto space. The…
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Crypto CEOs told to display ‘a little humility’ as crash claims more than a thousand jobs
Charley Cooper, former chief operating officer at the US Commodity Futures Trading Commission, has a warning for crypto bosses as…
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EY partners set for windfall amid breakup plans
EY’s plan to split its audit and consulting businesses would give thousands of its partners multi-million-dollar payouts and relies on…
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How a small group of BlackRock analysts speaks for millions of investors
BlackRock casts votes on tens of thousands of proxy proposals a year. The responsibility rests with a team of about…
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Fed promises ‘unconditional’ approach to taking down inflation in report to Congress
U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters…
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Here are the three things the Fed has done wrong, and what it still isn’t getting right
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., June 14, 2022. Sarah…
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U.S. recession isn’t ‘inevitable,’ but inflation is ‘unacceptably high,’ Treasury Secretary Yellen says
U.S. Treasury Secretary Janet Yellen testifies before a House Ways and Means Committee hearing on President Biden’s proposed 2023 U.S.…
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Crypto hedge fund Three Arrows mulls bailout as market sell-off batters investors
Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for…
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Crypto firms are under pressure as bitcoin and ethereum fall further
Cryptocurrencies continued declining on 17 June, two days after the Federal Reserve stepped up the pace of interest-rate increases. Bitcoin,…
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Santander names Héctor Grisi as new chief executive
Banco Santander named Héctor Grisi, its head of Mexico and North America operations as its new chief executive, as the…
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Blackstone, Carlyle brace for private equity’s ‘terrible hangover’
Despite the sunny weather, the outlook was less rosy this week in Berlin, where the private equity industry met for…
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Why a Credit Suisse takeover post-Archegos would need a very bold bidder
Five months ago, following the resignation of Sir António Horta-Osório as chair of Credit Suisse, I suggested it might be a…
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This Is Going to Hurt
“The hunger of children is not a necessary cost to pay to bring down inflation,” Ms. Ananat, of Barnard, said.…
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Inflation is expected to continue climbing — here’s what traders see for the next four months
Just a day after Federal Reserve policymakers delivered their biggest rate hike in 28 years, the US inflation outlook continues…
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