3M said it would cut about 6,000 positions to focus on high-growth markets, such as automotive electrification and home improvement.
Category: Finance News
Fintech firm Klarna overhauls its app with a TikTok-like discovery feed as A.I. hype swirls
“Buy now, pay later” firm Klarna on Tuesday made some sweeping changes to its app, including a TikTok-inspired discovery feed that recommends products to users.
Standard Chartered CEO warns of risks in the banking sector that haven’t ‘come home to roost’
“I think we can put the crisis behind us. I don’t think we can put the issue behind us,” Standard Chartered CEO Bill Winters told CNBC.
Coinbase sues SEC after months of silence from federal regulator
The crypto exchange asked a judge to compel the SEC’s answer on whether or not existing rulemaking processes would be extended to the crypto industry.
Stocks making the biggest moves after hours: First Republic, Whirlpool and more
These are some of the stocks posting the largest moves in extended hours trading.
LVMH market cap milestone: First European company to surpass $500 billion in value
Carter Worth, Worth Charting CEO and founder and CNBC’s Robert Frank join ‘The Exchange’ to discuss the strength of Europe’s luxury goods sector, the power of LVMH’s diverse offering, and a technical read of the luxury goods space.
Stocks making the biggest moves midday: Fox, Albemarle, First Republic and more
Fox’s Class A and B shares were each down almost 4% on news that host Tucker Carlson has left the network, days after Fox News settled its defamation lawsuit.
Here are 3 things Mohamed El-Erian is watching out for in earnings this week
The former Pimco CEO is watching this week’s earnings reports for further potential cost-cutting measures in mega-cap tech companies.
Social media raises bank run risk, fueled Silicon Valley Bank’s collapse, paper says
A new academic paper examines the risk of social media on “distress in banks” and how Twitter conversations amplified the bank run risk ahead of SVB’s collapse.
Crypto winter is over — and bitcoin could hit $100,000 by the end of 2024, Standard Chartered says
The U.S. banking sector crisis has solidified the case for bitcoin as a “decentralised, trustless and scarce digital asset,” Standard Chartered said in a note.