Finance

Bitcoin, the world’s largest cryptocurrency, has been stealthily rising in 2023. Chris Ratcliffe | Bloomberg | Getty Images The U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will look to bring in formal legislation for crypto activities by 2024. The government published its response to

An Xpeng G9 electric vehicle at the Xpeng pavilion in the Open Space area during the Munich Motor Show (IAA) in Munich, Germany, on Sept. 5, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese electric car company Xpeng said this week it plans to roll out driver-assist technology in Europe by the end

[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision. The ECB ended its run of rate hikes on Thursday after 10 consecutive

Chinese and US flags fly outside a hotel during a 2012 U.S. presidential election results event organized by the US embassy in Beijing on November 7, 2012. Ed Jones | AFP | Getty Images From the U.S. to China, countries around the world are battling it out to lead on financial technology, a heavily lucrative

James Gorman, Morgan Stanley CEO, July 18, 2023. CNBC Morgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024. Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank’s Wall Street operations, will also join the bank’s board, the bank said in a

Workers assemble mini excavators in a factory of heavy machinery in Suzhou in east China’s Jiangsu province on Oct. 23, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — China on Tuesday took steps toward easing financing conditions for local governments, which have been at the crux of recent economic difficulties. The central

A logo stands on display above the headquarters of Deutsche Bank AG at the Aurora Business Park in Moscow, Russia. Andrey Rudakov | Bloomberg | Getty Images Deutsche Bank on Wednesday reported a third-quarter net profit of 1.031 billion euros ($1.06 billion), slightly beating expectations despite an 8% fall on the previous year and ongoing

Sdi Productions | E+ | Getty Images Many people will soon be picking their health insurance plans for 2024: November is a common month for workplace open enrollment, and the public marketplace opens Nov. 1. But choosing a health plan can be tricky. In fact, a 2017 study found many people lose money due to

A view of the Canary Wharf financial district of London. Prisma by Dukas | Universal Images Group | Getty Images LONDON — Barclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in its consumer and credit card businesses compensated for weakening

Despite a murky macroeconomic environment and heightened fears around the health of the banking sector, the nation’s largest financial institutions all reported earnings beats for the third quarter. Some businesses performed better than others. However, none of them has been rewarded with higher stock prices — yet. As expected, money center banks like Wells Fargo

In this article ARKK Follow your favorite stocksCREATE FREE ACCOUNT The most popular question on Ark Invest’s website has nothing to do with investing in the U.S., according to the firm’s CEO and Chief Investment Officer Cathie Wood. “The No. 1 question on our website as we track these questions is: Why can’t we buy

In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT Chesnot | Getty Images News | Getty Images Cryptocurrency exchange Coinbase has chosen Ireland as its main operational and regulatory hub in the European Union, the company told CNBC in an exclusive interview. Coinbase submitted its application for a license under the EU’s new Markets

Pedestrians walk along Wall Street near the New York Stock Exchange in New York. Michael Nagle | Bloomberg | Getty Images The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. Even as the economy has surprised forecasters with its resilience, lenders

Airwallex’s cofounders, from left to right, Xijing Dai, Lucy Liu, Jack Zhang and Max Li. Airwallex Global fintech giant Airwallex on Thursday said it has agreed to acquire MexPago, a rival payments company based out of Mexico, for an undisclosed sum to help the firm expand its Latin America footprint. The company, which competes with

Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the slowing in price increases was not enough yet to determine a trend and that the central bank would be “resolute” in its commitment to its 2% mandate. “Inflation is still too high, and a few months of good data

A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. PAUL ELLIS | AFP | Getty Images As the biggest players in wind energy gear up to report quarterly earnings, supply-chain reliability issues are front and center for both stock analysts and industry leaders. Siemens Energy

Gamers play the video game “Star Wars Battlefront II” during the “Paris Games Week” on Oct. 31, 2017. Chesno Publicly listed gaming companies are sitting on a $45 billion pile of cash and cash equivalents — and that could lead to greater consolidation in the $188 billion video games market, according to a new report

Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the U.S. Securities and Exchange Commission, the company’s chief legal officer, Paul Grewal, told CNBC. “I’m quite hopeful that these [ETF] applications will be granted, if only because they should be granted under the law,” Grewal said in an interview with CNBC’s

Yellow taxi cabs drive down a road in Senegal’s capital city of Dakar on Sept. 6, 2023. John Wessels | Afp | Getty Images BEIJING — An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies. “The problem is that the ratings we

In this article WFC JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023.  Marco Bello | Reuters American banks are closing out another quarter in which