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Financial News Around the World

Chegg drops more than 40% after saying ChatGPT is killing its business

Chegg beat first-quarter expectations on the top and bottom lines, but issued a weak second-quarter revenue outlook.

Published 2 May 2023
Categorised as Finance News

Crypto exchange owned by embattled conglomerate Digital Currency Group loses top global exec

Vijay Ayyar, Luno’s vice president of corporate development and international, resigned from the firm after seven years working there.

Published 2 May 2023
Categorised as Finance News

Stocks making the biggest premarket moves: Uber, Pfizer, Chegg, Dell & more

These are the stocks posting the largest moves in the premarket.

Published 2 May 2023
Categorised as Finance News

Income migration doubled during pandemic from high- to low-tax states, IRS report finds

New data from the Internal Revenue Service shows the Covid-19 pandemic doubled the flight of the wealthy out of New York and California in 2021. CNBC’s Robert Frank joins ‘Squawk Box’ to report on the great income migration.

Published 2 May 2023
Categorised as Finance News

‘Other problems might be lurking’: Strategist is unconvinced by Jamie Dimon’s bank crisis comments

JPMorgan Chase CEO Jamie Dimon’s assertion that turmoil in the banking sector was effectively ended by the resolution of First Republic may be premature, one analyst has suggested.

Published 2 May 2023
Categorised as Finance News

Singapore’s largest lender expects net interest margins will decline, but sees other growth drivers

With limited upside from these levels, CEO Piyush Gupta said he expects the pace of decline will be very gradual and not “falling off a cliff.”

Published 2 May 2023
Categorised as Finance News

Stocks making the biggest moves after hours: Arista Networks, MGM Resorts, Stryker and more

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

Published 1 May 2023
Categorised as Finance News

JPMorgan shares pop after the bank takes over the embattled First Republic. Here’s what the experts have to say

Pros on CNBC discuss JPMorgan Chase after it acquires First Republic Bank.

Published 1 May 2023
Categorised as Finance News

Bitcoin pulls back to start May as First Republic Bank saga comes to an end

Crypto fell to start May as investors bet the takeover of First Republic Bank could put an end to the financial crisis.

Published 1 May 2023
Categorised as Finance News

Series I bonds still ‘attractive for longer-term investors’ as annual rate falls to 4.3%, expert says

Series I bonds will pay 4.3% annual interest through October, the U.S. Department of the Treasury announced Friday. Here’s how it compares to other investments.

Published 1 May 2023
Categorised as Finance News

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