Lee Wai Fai said the world is heading into a more “uncertain environment” and the impact of higher-for-longer interest rates is starting to filter through.
Category: Finance News
With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023
Using data provided by research firm Statista, CNBC analyzed the top nations overall when it comes to financial technology.
Meet the ‘queen of caviar’ who supplies Britain’s royal family with the world’s most expensive food
Laura King has run a caviar business for nearly 20 years and imports hundreds of kilos of the sturgeons’ eggs to the U.K. every two to three weeks.
Tesla rival Xpeng presses ahead with driver-assist rollout in China, Europe
Chinese electric car company Xpeng said this week it plans to roll out driver-assist technology in Europe by the end of next year.
Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1
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Stocks making the biggest moves after hours: Meta, Whirlpool, Mattel, Endeavor and more
These are the stocks posting the largest moves in extended trading.
The economy probably showed gangbuster growth in the third quarter. But will it last?
Gross domestic product, or the sum of all goods and services produced in the U.S. economy, is expected to post a 4.7% annualized gain for the third quarter.
Major luxury brands deliver warnings tied to high-end spending
CNBC’s Robert Frank reports on spending pull backs from the luxury consumer and what it could be signaling for the economy at large.
Alphabet shares plummet after cloud revenue falls short. What the pros say to do next
Pros on CNBC discussed Alphabet after the company missed on cloud revenue estimates in the third quarter.
Morgan Stanley’s stock playbook for this slowing, ‘late-cycle’ economy
The firm recommended a “barbell” of traditional defensive stocks, some select growth opportunities and late-cycle cyclical names.