cnbc news
- Finance
Cryptocurrency prices are sliding, but what’s behind it?
The volatility of cryptocurrencies such as bitcoin has proven to win out over market analysis, as token prices began to…
Read More » - Finance
Trading Places: Refinitiv boss steps down, Kay Swinburne’s new gig, Deutsche Bank’s Brexit moves
Refinitiv’s chief executive David Craig is to step away from his role at the London Stock Exchange Group at the…
Read More » - Finance
Ashurst elects London corporate partner Karen Davies as first female chair
Partners at law firm Ashurst have elected London corporate heavyweight Karen Davies as their first female chair. Davies, the firm’s UK…
Read More » - Finance
Reuters postpones plans for website paywall after spat with LSE
Reuters has postponed plans to introduce a new paywall on its website, after complaints from the London Stock Exchange Group that the move…
Read More » - Finance
Ex-Fieldfisher partner faces tribunal over allegedly backdating documents
A former real estate partner at law firm Fieldfisher is facing a disciplinary tribunal after allegedly backdating documents and signing…
Read More » - Finance
Brace for more shareholder fights after ‘major shift in power’ against oil giants
Shareholder battles that have rocked two of the world’s biggest oil companies are expected to spill over to other sectors,…
Read More » - Finance
Johnson was urged to promote ‘chicken pox’ parties for Covid-19 herd immunity, claims Cummings
Prime Minister Boris Johnson was urged by cabinet secretary Mark Sedwill to tell the British public to hold “chicken pox…
Read More » - Finance
Biden to Propose $6 Trillion Budget to Make U.S. More Competitive
Mr. Biden will also express support for Congress allowing Americans as young as 60 years old to enroll in Medicare,…
Read More » - Finance
Zopa tells staff to ‘work from wherever’ for the rest of 2021
Fintech lender Zopa has told its employees they can work from “wherever they choose” until the end of this year,…
Read More » - Finance
Police sound warning over social media sites driving scam investments
Investors have lost £63m to scammers flogging fraudulent investments on social media apps during the pandemic, The City of London…
Read More » - Finance
HSBC plans exit from US retail market
HSBC will stop serving mass-market individual customers and smaller businesses in the US, exiting the bulk of a retail business…
Read More » - Finance
Downing Street sidesteps questions on whether PM planned to sack Hancock
The prime minister’s spokesperson has declined to deny that Boris Johnson contemplated firing health secretary Matt Hancock in early 2020…
Read More » - Finance
Archegos wipes off $6bn from top banks’ stock trading units in first quarter
The implosion of family office Archegos Capital wiped off more than $6bn from the world’s largest investment banks’ equities business,…
Read More » - Finance
Weekly mortgage demand falls as interest rates move higher
A slight increase in mortgage interest rates was enough to tank refinances and bring down overall demand. Total mortgage application…
Read More » - Finance
Dominic Cummings says he would have put a ‘dictator’ with ‘kingly powers’ in charge of Covid-19 response
The Prime Minister’s former adviser Dominic Cummings said he would have put an official with dictatorial powers in charge of…
Read More » - Finance
Working from home and the office won’t be as easy as you think — podcast
Breadcrumb Trail Links News FP Work Economy Episode 103 of Down to Business podcast Author of the article: Gabriel Friedman…
Read More » - Finance
The Bank of Canada is trying to go green
Breadcrumb Trail Links News Economy Central bank is becoming an important player in the climate fight Author of the article:…
Read More » - Finance
Republicans Promise Counteroffer as Infrastructure Talks Falter
WASHINGTON — With bipartisan negotiations faltering, President Biden and Senate Democrats are facing difficult decisions about how to salvage their…
Read More » - Finance
The WarnerMedia-Discovery deal could have gone very differently.
After its $100 billion deal to buy Time Warner, and spending millions more to fight a Justice Department lawsuit that…
Read More » - Finance
MPs await FCA update on Woodford probe as deadline looms
The Financial Conduct Authority is under mounting pressure to provide an update on its ongoing probe into the collapse of…
Read More » - Finance
The economic cost of racial inequity at work put at $58.7bn per year
A year after George Floyd’s killing turned racial inequity and justice into a key theme for policing, politics and business,…
Read More » - Finance
Crypto ‘Wild West’ needs taming ahead of a UK bitcoin ETF
The outlook for the UK to approve a bitcoin exchange traded fund in the near future is opaque at best,…
Read More » - Finance
Ex-Dechert partner in ENRC v SFO case motivated by ‘money and greed’, court hears
A white-collar crime lawyer has been accused of inciting the Serious Fraud Office into investigating his client ENRC to ramp up…
Read More » - Finance
State Revenues Pour In, Raising Pressure on Biden to Divert Federal Aid
WASHINGTON — From California to Virginia, many states that faced devastating shortfalls in the depths of the pandemic recession now…
Read More » - Finance
Hedge funds look to ramp up crypto exposure as institutional interest grows
Nearly nine in 10 hedge funds are looking to up their investments in cryptocurrency before the end of the year,…
Read More » - Finance
Don’t be a sitting duck when this stock market rally fades — here’s what you should do now
Stock investors got a dose of harsh reality earlier this month when the major US market indexes declined and took…
Read More » - Finance
Here’s why bitcoin dipped — and what crypto bulls think about it
Bitcoin took a beating over the weekend as China stepped up its curbs on cryptocurrency trading, falling almost 50% from…
Read More » - Finance
LSE warns Reuters that paywall breaches Refinitiv deal terms
A rift between the London Stock Exchange Group and Reuters has opened up over the media company’s plans for a…
Read More » - Finance
Existing-home sales declined in April, with a tight supply and record prices.
Soaring prices and a shortage of available homes are starting to hold back the blazing U.S. housing market. Sales of…
Read More » - Finance
Trading Places: UBS and Deutsche make waves
UBS hired a senior Credit Suisse dealmaker to bolster its new unit aimed at increasing collaboration between its wealth management and…
Read More » - Finance
The top 10 wealthiest people in UK financial services
The UK’s top 10 wealthiest people in financial services have had a good pandemic – financially at least – with assets…
Read More » - Finance
Bitcoin’s value ‘entirely based on wishful thinking’, says Deutsche Bank
The value of bitcoin is “entirely based on wishful thinking”, Deutsche Bank has said in a note to clients, adding…
Read More » - Finance
The Fed this summer will take another step in developing a digital currency
The Federal Reserve is moving forward in its efforts to develop its own digital currency, announcing Thursday it will release…
Read More » - Finance
U.S. backs a 15 percent global minimum tax on big companies as it tries to enlist other countries.
The Biden administration proposed a global tax on multinational corporations of at least 15 percent in the latest round of…
Read More » - Finance
Pandemic population change across metro America: Accelerated migration, less immigration, fewer births and more deaths
Contents There has been much speculation about the impact that COVID-19 has had on population changes across the country since…
Read More » - Finance
To “build back better,” we must connect young people to jobs and education
In cities and counties across the country, summer youth employment programs (SYEPs) stand out as some of the largest and…
Read More » - Finance
Feel pushed to go back to the office? Here’s what you need to ask your boss first
As England lifts its third nationwide lockdown, companies are beginning to introduce their employees to their future office setup. Most…
Read More » - Finance
Covid outbreaks in Asia could hit supply chains and raise U.S. inflation, says expert
Fresh waves of Covid-19 cases in major manufacturing hubs in Asia could hit global supply chains — and that could…
Read More » - Finance
Fidelity International, JPMorgan scramble to vaccinate India staff as nation reels from Covid
Fidelity International, the $706bn asset manager, is offering to pay for Covid vaccines for its more than 3,000 staff based…
Read More » - Finance
Citigroup names Pakcan as new emerging markets chief
Citigroup has named Ebru Pakcan as head of its emerging markets business in Europe, another step in its goal to having…
Read More » - Finance
Andrea Orcel slashes claim against Santander ahead of Madrid court hearing
Andrea Orcel has sharply reduced his claims against Banco Santander in relation to the Spanish bank’s decision to withdraw his…
Read More » - Finance
Boohoo moves to link exec bonuses to supply chain issue after backlash
Fashion retailer Boohoo has linked a bonus pot for its top executives to its resolution of issues in its supply…
Read More » - Finance
FCA warns e-money bosses not to ‘mislead’ customers about risks
The UK’s Financial Conduct Authority has written to chief executives of fintech companies over concerns that they are not making…
Read More » - Finance
Electric Pickups Could Make or Break Biden’s Infrastructure Plans
“The F-150 is generally driven by guys who have a certain image of driving around in a truck — and…
Read More » - Finance
Texas, Indiana and Oklahoma join states cutting off pandemic unemployment benefits.
Texas, Indiana and Oklahoma this week joined the growing number of states that are withdrawing from federal pandemic-related unemployment benefits.…
Read More » - Finance
Who knew? Toronto the Boring is now North America’s top financial centre, next to New York
Breadcrumb Trail Links News Economy Canada’s biggest city is adding bankers, portfolio managers and other finance types faster than any…
Read More » - Finance
Yellen pushes higher taxes, stronger unions, more global competition to U.S. Chamber
Secretary of the Treasury Janet Yellen speaks during a daily news briefing at the James Brady Press Briefing Room of…
Read More » - Finance
America Is on a Road to a Better Economy. But Better for Whom?
Low-income families are starting in a much different place from where they were in the last recovery. Indeed, American households…
Read More » - Finance
Elon Musk reveals Tesla is still holding bitcoin as crypto price crashes
Tesla boss Elon Musk has clarified that the electric vehicle manufacturer has not sold any of its bitcoin holdings, after…
Read More » - Finance
City must apply pandemic lessons to counter the risk of cyber-attacks
The devastating impact of the pandemic has rightly prompted businesses and investors to scour the horizon for other risks they…
Read More »
