HSBC CEO Noel Quinn. Lam Yik | Bloomberg | Getty Images HSBC on Tuesday announced the surprise departure of Group Chief Executive Officer Noel Quinn after nearly five years at the helm. In a statement released by the bank, Quinn said: “It has been a privilege to lead HSBC. I never imagined when I started …
The Bitcoin network on Friday evening completed its fourth “halving,” reducing the rewards earned by miners to 3.125 bitcoins from 6.25. The price of bitcoin has been volatile ahead of the event, and fell about 4% this week to trade around $64,100, according to Coin Metrics. Mechanically, the halving itself shouldn’t affect the price of …
The Fed chair is looking for confirmation of last year’s low inflation readings Federal Reserve Chair Jerome Powell will continue to seek confirmation inflation is moving closer to the central bank’s 2% target, even after a recent spate of hotter inflation readings. “The other thing is, in the second half of the year, you had …
2 Hours Ago Indonesian markets rally after Prabowo’s presumed electoral win Indonesia stocks rose after Indonesia’s Defense Minister Prabowo Subianto declared victory in the country’s presidential election after unofficial vote counts showed he held a significant lead over rivals. The Jakarta Stock Exchange Composite Index rose as much as 2% to hit its highest level …
After a week of tech earnings results that fueled a market gain, there are still plenty of top shares to buy in the sector ahead of profit reports, according to Morgan Stanley. The firm named a slew of companies that have major upside heading into quarterly results. CNBC Pro combed through top Wall Street research …
Meta shares closed up more than 20% on Friday after the company reported a tripling in fourth-quarter profit and issued its first-ever dividend. Revenue rose 25% in the fourth quarter for Meta to $40.1 billion from $32.2 billion a year earlier. That’s the fastest rate of growth for any period since mid-2021, and offers further …
Wed, Jan 31 2024 3:32 PM EST ‘We don’t have a growth mandate,’ Powell says The Federal Reserve isn’t concerned that the economy is too strong right now, Chair Jerome Powell told CNBC’s Jeff Cox. “We’ve had inflation come down without a slow economy and without important increases in unemployment. There’s no reason why we …
Traders on the floor of the New York Stock Exchange (NYSE) in New York, on Tuesday, Jan. 3, 2023. Michael Nagle | Bloomberg | Getty Images Stocks fell Wednesday as Treasury yields tracked higher following the release of stronger-than-expected U.S. economic data. The Dow Jones Industrial Average declined 94.45 points, or 0.25%, to close at …
Signage of the Hong Kong stock exchange in Hong Kong. HKEX has added a new scheme that will connect capital markets in Hong Kong and mainland. Vernon Yuen | Nurphoto | Getty Images Asia-Pacific markets were mixed on the first trading day of the year, with China stocks dipping at the open after official data …
Binance cofounder and CEO Changpeng Zhao speaks during the 2022 Web Summit in Lisbon, Portugal, on Nov. 1, 2022. Ben Mcshane | Sportsfile | Getty Images Outflows from Binance have amounted to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen, after founder and …