U.K. Finance Minister Jeremy Hunt has said Britain should have a “20-year plan” to become the world’s next Silicon Valley. Dan Kitwood | Getty Images News | Getty Images LONDON — Bri...
Tag: Barclays PLC
RBLX, ABNB, BCS, SI and more
Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves midday Wednesday: Roblox — Shares of the video game company skyrocketed more than 24% after ...
Barclays Q4 2022 earnings
Barclays Bank building Chris Ratcliffe | Bloomberg | Getty Images LONDON — Barclays on Wednesday reported a full-year net profit of £5.023 billion ($6.07 billion) for 2022, beating consensus expectati...
Qatar doubles Credit Suisse stake
The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images The Qatar Investment Authority is the second-largest shareholder in Credit Suisse ...
As China reopens and data surprises, economists are starting to get less gloomy
The European Central Bank is expected to continue raising rates aggressively in the short-term as the euro zone economy proves more resilient than anticipated. Haussmann Visuals | Moment | Getty Image...
‘Old habits die hard’: Traders take second look at 5%-plus U.S. interest rate by March
It’s taken financial markets almost four months to register the likelihood that U.S. interest rates could rise above 5% by March, the highest level since 2006, but that moment may finally be arriving....
Goldman Sachs bonus pool shrinks
David Solomon, chief executive officer of Goldman Sachs, speaks during the Milken Institute Global Conference in Beverly Hills, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sac...
Wall Street layoffs pick up steam as Citigroup and Barclays cut hundreds of workers
A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images Global investment banks Citigroup and ...
Barclays earnings Q3 2002
A sign hangs above an entrance to a branch of Barclays Plc bank in the City of London, U.K. Bloomberg | Bloomberg | Getty Images LONDON — Barclays on Wednesday reported an unexpected rise in third-qua...
Amazon debuts home insurance store in the UK
The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images LONDON — Amazon will start selling home insurance in the U.K. through partnerships with three lo...
Why questions are swirling about who will buy more than $31 trillion of U.S. debt — and at what price
For the first time ever, U.S. national debt crossed above $31 trillion this month, at a time when the Federal Reserve is in retreat from buying government debt and foreign investors’ interest in it is...
Jamie Dimon says Musk should ‘clean up Twitter,’ echoes bot concerns
JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters Jamie Dimon appears to be a fan of Elon ...
Pound tanking, massive tax cuts and talk of emergency rate hikes
Britain’s Prime Minister Liz Truss and Britain’s Chancellor of the Exchequer Kwasi Kwarteng. Dylan Martinez | Afp | Getty Images LONDON – The first fiscal policy announcement from new Brit...
UK PM Liz Truss is facing multiple economic crises. Time for Trussonomics?
New British Prime Minister Liz Truss delivers a speech outside Downing Street, in London, Britain September 6, 2022. Toby Melville | Reuters LONDON — New British Prime Minister Liz Truss faces a confl...
Britain’s banks told to tackle wealth inequality despite one-off payments
LONDON — Britain’s financial sector is being urged to do more to help workers struggling with the cost-of-living crisis, despite a slew of top banking names providing one-off payments to low ear...
‘Catastrophically bad’ inflation report is boosting chances of a 75-basis-point interest-rate hike next week
Friday’s consumer-price index report for May — which showed the annual headline U.S. inflation rate climbing to 8.6% in May, with few signs of having peaked — is boosting the chances of a jumbo-sized ...
Dick’s Sporting Goods, Nordstrom, Wendy’s and more
Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making headli...
Inflation is rising, but fans are paying for NBA, NFL, other sports tickets
People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means big demand for live sports. Demand for sports attendance ...
Barclays beats expectations but suspends buybacks after U.S. trading blunder
A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. Peter Nicholls | Reuters LONDON — Barclays on Thursday said it had suspended its planned share buyback program on the back of ...
As Wall Street banks embrace crypto, start-ups look to lure top finance talent
Wall Street has been beefing up hiring for digital asset teams. But some employees are walking away from name-brand institutions in search of more risk, and potentially, more reward. JPMorgan Chase, M...
Walgreens, AMD, Dell and more
A pedestrian wearing a protective mask walks past a Walgreens store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday tradin...
A key part of the Treasury yield curve has finally inverted, setting off recession warning — here’s what investors need to know
A closely watched measure of the yield curve that serves as one of the bond market’s most reliable recession indicators inverted on Tuesday, underlining fears about the economic outlook as the Federal...
Tesla, Beyond Meat, Coinbase and more
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla will ask shareholders to authorize the issuance of additional shares at the upcoming annual meeting so it can pay a sto...
Rising oil prices could hit cigarette demand
A pack of Marlboro cigarettes. Daniel Acker | Bloomberg | Getty Images Rising prices at the gas pump will likely hurt cigarette demand as smokers have less cash to spend on impulse purchases while fil...
Target, Kohl’s, AutoZone and more
Take a look at some of the biggest movers in the premarket: Target (TGT) — Shares of the big-box retailer rallied 11% in premarket trading after Target said it expects growth to continue even after it...
Barclays q4 earnings 2021
Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada ...
Weber, Rivian, Tyson and more
Weber, which plans to trade on the New York Stock Exchange under the ticker ‘WEBR’ could be valued between $4 billion and $6 billion. Scott Olson | Getty Images News | Getty Images Check o...
Tesla, Spotify, Netflix, Beyond Meat and more
The Spotify app on an iPhone. Fabian Sommer | picture alliance | Getty Images Stock picks and investing trends from CNBC Pro: Intuitive Surgical – Shares of Intuitive Surgical rose 3.5% after Piper Sa...
Santander launches buy now, pay later service Zinia to take on Klarna
A Santander office building in London. Luke MacGregor | Bloomberg via Getty Images Spanish bank Santander is launching its own “buy now, pay later” service in Europe, in a bid to fend off ...
Tesla, Wells Fargo, Nordstrom and more
The logo marks the showroom and service center for the US automotive and energy company Tesla in Amsterdam on October 23, 2019. John Thys | AFP | Getty Images Check out the companies making headlines ...