cnbc news
- Finance
They Were on Equal Footing. Then the Ground Shifted.
“You just got to scrape along and gut it out,” he said. “We’re really struggling to get by.” But in…
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The program that could revitalize both red and blue America
Just one month into his term, President Joe Biden faces challenges on multiple fronts. Quelling the COVID-19 pandemic. Delivering on…
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America’s young people need jobs. The federal government should pay for them.
It’s hard to get a foothold in the labor market when it is crumbling beneath your feet. Young people just…
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Hedge funds slash bearish bets in GameStop aftermath: ‘Wow, this could be me’
Investors have pared back their bearish bets a full month after the GameStop frenzy took off, showing the lasting effects…
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Barclays ECM exec Febrer-Bowen lands new role weeks after retirement
The former head of continental European equity capital markets at Barclays has secured a new role leading corporate development at…
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Personal income leaps 10% in January thanks to stimulus, but inflation still in check
A fresh round of government stimulus checks sent personal income up to its biggest monthly gain since April 2020 though…
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JPMorgan CFO Jennifer Piepszak says investment banking fees could be up 30% on Q1 2020
Investment banking fees at JPMorgan in the first quarter are likely to be up over 30% on the same period…
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Axa IM assets reach record high after bumper 2020
Axa Investment Managers, the asset management arm of the French insurance giant, posted a more than three-fold increase in new…
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St James’s Place to axe 200 jobs after Covid hit to profits
St James’s Place, the UK listed wealth manager, plans to axe 200 jobs following an almost 40% drop in pre-tax…
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Here’s why jobless claims are the wrong way to understand unemployment in the U.S.
The number of individuals filing first-time claims for state unemployment benefits fell sharply last week, with a total of 730,000…
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Chuka Umunna calls out UK investment body over ethnic diversity push
The Investment Association has been called out for a lack of ethnic diversity on its board, after itself urging some…
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Jobless claims show sharp drop last week though labor market remains challenged
Jobless claims fell sharply last week despite brutal winter storms that swept across Texas and other parts of the South,…
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City watchdog beefs up exec team for post-Brexit leadership
The UK’s Financial Conduct Authority made several new hires to its executive team as part of efforts to navigate a landscape dominated…
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KPMG fires starting gun on chief executive election post Bill Michael exit
KPMG UK has kicked off the race to succeed Bill Michael as chief executive after he resigned over a backlash…
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AXA takes €1.5bn hit from Covid-19 claims
Insurance giant AXA took a €1.5bn hit due to claims as a result of the global pandemic that took hold…
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Biden Looks to a Consensus Builder to Heal a Democratic Rift on Trade
WASHINGTON — The negotiations lasted late into the evening, leaving some members of Congress shouting and pounding the table in…
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Here’s why London is still a favourite for the world’s richest
The wealthiest individuals in the world still have London in their sights for prime property, lifestyle and business investment options.…
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BMO, Scotiabank see economic winds favouring U.S. amid speedier vaccine rollout
Breadcrumb Trail Links News Economy Canada’s recovery may lag its southern neighbour by up to six months Author of the…
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Lockdown lift to allow gatherings by Easter, open schools on 8 March
Prime Minister Boris Johnson will set out his roadmap today to ease pandemic restrictions that have been in force for the…
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HSBC London bankers brace for job cuts amid Asia shift: ‘There is a lot of middle management in the UK’
Mid-ranking bankers at HSBC in London are braced for more cuts as the bank looks to shift more leadership and…
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Roadmap to lift UK’s third lockdown: Here’s the timeline plus what you can and can’t do
Prime Minister Boris Johnson has set out plans to “cautiously but irreversibly” lift the UK out of its third national lockdown,…
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Working from home set to continue until June under lockdown exit roadmap
Mass working from home will continue until June at the least under a roadmap to exit lockdown laid out by…
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‘A necessity, not a token’ – What it’s like to be LGBTQ+ in fintech and the City
As the City tries to become more diverse, companies are considering who to turn to for answers. In 2021, diversity…
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What the Bond Market Is Telling Us About the Biden Economy
What is happening is known as a “steepening of the yield curve,” with long-term rates rising as short-term rates hold…
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Signal sees ‘record pace’ of new users as WhatsApp goes ahead with controversial privacy update
New users are flocking to the encrypted messaging app Signal “at a record pace”, as WhatsApp pushes forward with a controversial…
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TransferWise rebrands as ‘Wise’ in banking shift to challenge Revolut
TransferWise, one of the UK’s early fintech success stories, is shifting its focus towards digital banking in a move that…
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Tanden’s Confirmation on Shaky Ground as More Senators Voice Opposition
WASHINGTON — Neera Tanden, President Biden’s nominee to head the Office of Management and Budget, suffered a significant setback on…
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The Jobs the Pandemic May Devastate
Projecting how many people will work in hundreds of detailed occupations in 2029 is a bold exercise — even without…
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Nearly 1,500 EU-based financial services firms seek permission to operate in the UK
Almost 1,500 financial services firms based in the European Union have applied for permission to operate in the UK, according to…
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UK to review Covid certificates in a move towards reopening venues
The UK government will conduct a review into the potential role of Covid-status certification in helping venues reopen safely as…
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On the Post-Pandemic Horizon, Could That Be … a Boom?
In recent decades, however, booms have become less common. Growth never took off after the mild recession that hit in…
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Why Canada should be paying attention to the brawl over inflation in U.S. economics establishment
Breadcrumb Trail Links Economy Summers and Blanchard are calling on Biden to show restraint, lest he wreck all that was…
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