Before he founded booking platform Yanolja, Lee Su Jin started his hospitality career as a “love hotel” janitor. Now, he has a net worth of $1.2 billion.
Charles Schwab stock pops 11% after second-quarter results beat expectations
CFO Peter Crawford said cash outflows were decelerating for the brokerage firm.
Fed banking regulator warns A.I. could lead to illegal lending practices like excluding minorities
Michael S. Barr said AI technology has potential, but also can be used for nefarious means.
Twitter laid off most of its workers in Africa last year. They say they’ve been ignored and left without severance
Former Twitter employees in Ghana have been left without severance and have not heard from the company for three months, sources told CNBC.
Is Biden’s $39 billion student loan forgiveness action legal? ‘Be assured it’s going to stay,’ says expert
The White House announced $39 billion of debt forgiveness for student loan borrowers Friday. The move would likely withstand legal scrutiny, said experts.
Morgan Stanley beats estimates on record wealth management revenue
Under CEO James Gorman, Morgan Stanley’s reliance on wealth management has helped its steady earnings and boosted its valuation relative to peers.
Stocks making the biggest moves premarket: Bank of America, Pinterest, Masimo & more
These are the stocks posting the largest moves premarket.
Bank of America tops analysts’ expectations amid higher interest rates
While analysts expected Bank of America to be one of the top beneficiaries of rising interest rates, it hasn’t played out that way.
Henry Kissinger meets with China’s defense minister in Beijing
Henry Kissinger, a former U.S. secretary of State, met with China’s defense minister, Li Shangfu, in Beijing on Tuesday, the ministry said in a statement.
Goldman Sachs cuts odds of a U.S. recession in the next year
The investment bank, however, expects some deceleration in subsequent quarters as a result of sequentially slower real disposable personal income growth.