While tech wunderkinds and music and sports celebrities may get the most attention, the world’s billionaires are largely aging entrepreneurs.
Category: Finance News
ECB’s de Guindos warns financial markets are vulnerable to a sharp sell-off
The European Central Bank’s May Financial Stability Review warned that the euro area’s stability outlook remains fragile.
British digital bank Monzo hits monthly profitability for the first time after spike in lending
Monzo’s bump in revenues was driven by a spike in lending activity, with net interest income increasing 382% to £164.2 million.
Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy
JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for “real engagement” between policymakers in Washington and Beijing.
Very few U.S.-China flights are back despite the end of Covid
In contrast, flights between the Middle East and mainland China have picked up significantly.
New warning signs emerge for China’s property market
Data for May show China’s massive property sector is still struggling to turn around, despite signs of recovery earlier this year.
Coinbase stock pops after analyst upgrade. Here’s how the pros are reacting
Pros on CNBC discussed Coinbase after Atlantic Equities upgraded the stock.
Goldman Sachs is cutting jobs again amid Wall Street deals slump
Goldman Sachs, more tied to the ups and downs of Wall Street than its rivals, is cutting jobs again.
Proposed debt ceiling deal would cut part of $80 billion IRS funding
The proposed debt ceiling deal may include up to $21.4 billion in IRS budget cuts. Here’s what it means for taxpayers.
Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more
These are the stocks posting the largest moves in midday trading.