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Financial News Around the World

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.

Published 5 May 2023
Categorised as Finance News

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.

Published 4 May 2023
Categorised as Finance News

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.

Published 4 May 2023
Categorised as Finance News

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.

Published 4 May 2023
Categorised as Finance News

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.

Published 4 May 2023
Categorised as Finance News

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.

Published 4 May 2023
Categorised as Finance News

Stocks making the biggest moves midday: PacWest, Western Alliance, Paramount Global & more

These are the stocks posting the largest moves in midday trading.

Published 4 May 2023
Categorised as Finance News

Billionaire Richard Branson defends space travel, argues it can benefit planet

The entrepreneur’s comments were made during an extensive interview with the BBC.

Published 4 May 2023
Categorised as Finance News

Watch: ECB President Christine Lagarde speaks after rate decision

European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.

Published 4 May 2023
Categorised as Finance News

Ferrari profit jumps 24% as demand pushes waiting list into 2025

Ferrari’s EBIT profit margin, a widely-watched figure, increased a full percentage point to 26.9%.

Published 4 May 2023
Categorised as Finance News

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