Finance

In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.  David A. Grogan Berkshire Hathaway‘s cash pile swelled to a record $276.9 billion last quarter as Warren Buffett sold big chunks in

In this article BTC.CM= FIS BLK MS Follow your favorite stocksCREATE FREE ACCOUNT Getty Images Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned. The firm’s 15,000 or so financial advisors

It’s a July for the record books. State Street Global Advisors finds inflows into exchange-traded funds hit $127 billion. Not only was it the best July ever, but the firm’s head of SPDR Americas research notes it is also the second-largest monthly inflow ever. “Part of it is just the market,” Matt Bartolini told CNBC’s

A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California, on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in extended trading: Alphabet — The tech giant slipped 1% despite a beat on both top

A worker produces chips at a semiconductor manufacturing enterprise in Binzhou, China, on June 4, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Four of the world’s largest semiconductor equipment manufacturers, including ASML, have seen the share of their China revenue more than double since late 2022, Bank of America analysts said in a

Nio’s second factory in the city of Hefei has around 2,000 human workers and 756 robots. CNBC | Evelyn Cheng BEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis of the four automakers’ first-quarter earnings. It’s a strategy for survival in

In this article SQ PYPL Follow your favorite stocksCREATE FREE ACCOUNT Buy now, pay later firms like Klarna and Block’s Afterpay could be about to face tougher rules in the U.K. Nikolas Kokovlis | Nurphoto | Getty Images Britain’s new Labour government will soon set out updated plans to regulate the “buy now, pay later”

China’s retail sales grew by 3.7% in the first half of the year from a year ago. CNBC | Evelyn Cheng SHANGHAI — China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the Covid-19 pandemic. Authorities announced they would allocate 300 billion Chinese yuan ($41.5 billion) in

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 4, 2024. CNBC Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett’s conglomerate has reduced its stake in the bank. The Omaha, Nebraska-based holding company sold another 18.9 million shares via

Traders work on the floor of the New York Stock Exchange (NYSE) on July 11, 2024 in New York City.  Spencer Platt | Getty Images Small-cap stocks are on a tear right now as they took the baton from megacap technology shares last week to lead the bull market on hopes interest rate cuts will

In this article CME Follow your favorite stocksCREATE FREE ACCOUNT Federal Reserve Bank Chair Jerome Powell speaks during a House Financial Services Committee hearing on the Federal Reserve’s Semi-Annual Monetary Policy Report at the U.S. Capitol on July 10, 2024 in Washington, DC.  Bonnie Cash | Getty Images Traders are now 100% certain the Federal

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023.  Chalinee Thirasupa | Bloomberg | Getty Images Gold prices advanced Tuesday, on track for a record close as rising expectations of a September interest rate cut bolstered demand for bullion. Spot gold gained

HSBC logo is displayed outside a branch of in the United Kingdom. Matt Cardy | Getty Images HSBC announced on Wednesday that it has appointed Georges Elhedery as group CEO, starting Sept. 2. Elhedery, who is the current chief financial officer, will replace outgoing head Noel Quinn in September. In late April, HSBC unexpectedly announced

Federal Reserve Board Governor Christopher Waller poses before a speech at the San Francisco Fed, in San Francisco, California, U.S., March 31, 2023.  Ann Saphir | Reuters Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. “I

Relations between Washington and Beijing are at their lowest in decades amid disputes over trade, technology, human rights and China’s increasingly aggressive approach toward its territorial claims involving self-governing Taiwan and the South China Sea. Jason Lee | Reuters BEIJING — U.S. presidential hopeful Donald Trump’s new running mate JD Vance stuck to a hard

Real estate building under construction in Qingjiangpu District, Huai ‘an City, Jiangsu province, China, on July 15, 2024. Cfoto | Future Publishing | Getty Images BEIJING — Top Chinese officials on Friday emphasized the country would focus on its own affairs in the face of rising trade tensions. “As long as we do our own

More than 70% of Baidu Apollo Go robotaxi rides in Wuhan were fully driverless as of April, and the company said in May it expected 100% of the rides to be completely autonomous in coming quarters. Bloomberg | Bloomberg | Getty Images BEIJING — China’s yearslong effort to develop robotaxis is starting to gain traction

Oscar Wong | Moment | Getty Images There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months. Banks involved in the mess caused by the collapse of fintech intermediary Synapse have made progress piecing together account information for stranded customers that could

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. The S & P 500 and Nasdaq on Thursday retreated from their record highs, set in the previous session, after a cooler-than-expected inflation report sent investors out of Big Tech

PIctured here is the Qianwen container terminal in the port city of Qingdao, Shangdong, China on July 11, 2024.  Cfoto | Future Publishing | Getty Images BEIJING — China’s imports fell in June, missing expectations for slight growth, while exports grew more than expected, customs data released Friday showed. China’s imports fell by 2.3% in