Taking center stage for investors will be two resolutions tabled by investor Ken Lui, which call for a spinoff of HSBC’s Asia business and fixed dividends.
Category: Finance News
King Charles’ scaled-back coronation set to cost the UK up to $125 million
The eyes of the world will be on the U.K. this weekend as King Charles III is crowned at Westminster Abbey in a quintessentially British display of pomp and pageantry.
Consumers in China are dining at nicer restaurants — even if it costs $500 a person
“The pandemic … affected consumers, and now they’re more likely to want to treat themselves,” said Tang Yan, a Black Pearl representative.
Stocks making the biggest moves after hours: Apple, Carvana, DoorDash, Block and more
These are the stocks posting the largest moves in after hours trading.
Qualcomm shares fall after phone chip sales tumble. Here’s what the experts have to say
Pros on CNBC discuss Qualcomm after phone chip sales tumble.
Americans haven’t been this worried about their bank deposits since the 2008 financial crisis
The Federal Deposit Insurance Corp. backs deposits up to $250,000 per depositor.
Berkshire Hathaway is outperforming during turmoil, but Warren Buffett’s favorite child Geico is in trouble
Geico, the crown jewel of Berkshire’s insurance empire, has found itself in trouble recently after losing market share to its best competitor Progressive.
There are limited options to fix the banking crisis, but one is gaining support
Billionaire hedge fund manager Bill Ackman made an impassioned plea for a depositor backstop in a tweet Wednesday.
Stocks making the biggest moves midday: PacWest, Western Alliance, Paramount Global & more
These are the stocks posting the largest moves in midday trading.
Billionaire Richard Branson defends space travel, argues it can benefit planet
The entrepreneur’s comments were made during an extensive interview with the BBC.