Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC’s Annette Weisbach that “we certainly hope we can avoid” a hostile takeover by the Italian bank.
China launches probe into Calvin Klein parent over Xinjiang supply chain ‘disruptions’
China’s Ministry of Commerce said it was launching a probe into Calvin Klein-parent PVH Group over alleged business disruptions involving Xinjiang.
China’s central bank chief set to hold press conference days after Fed rate cut
People’s Bank of China Governor Pan Gongsheng is set to speak to reporters Tuesday alongside two other financial regulator heads.
Stocks making the biggest moves after hours: Snowflake, GameStop, Deere and more
These are the stocks posting the largest moves in extended trading.
Stocks making the biggest moves midday: Micron, Tesla, Ulta, Intel and more
These are the stocks posting the largest moves in midday trading.
Bank of America: Luxury consumer is ‘all tapped out’
CNBC’s Robert Frank reports on news from luxury shoppers.
Value investor Bill Nygren looking outside of crowded megacap tech, adds cheap financial stock
Bill Nygren, portfolio manager at Oakmark Funds for 40 years, said he’s picking cheap stocks outside the dominant tech sector.
Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead
Kashkari said Monday that he expects to dial down the pace of interest rate reductions after the central bank eased policy by a half percentage point last week.
Stocks making the biggest moves premarket: Intel, Pinterest, Palantir and more
These are some of the stocks posting the largest moves in premarket trading Monday.
Britain’s finance minister calls for spending discipline but no return to austerity
U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, saying her budget proposals will look to rebuild the country.