Anthropic lining up a new slate of investors, ruled out Saudi Arabia
From CNBC: Sovereign wealth funds are vying for a stake in Anthropic, a rival to OpenAI. Saudi Arabia is excluded
Category: Finance
Commercial Bank of Ethiopia ‘glitch’ sees customers withdraw millions
From CNBC: A glitch at the Commercial Bank of Ethiopia allowed customers to withdraw over $40 million, causing chaos over
How to spot and overcome ‘ghost’ jobs
From CNBC: Amid a tough job market, watch out for “ghost” jobs – phantom listings or long-unfilled positions. Career experts
Immigration is boosting the U.S. economy and has been ‘underestimated’
From CNBC: Influx of immigration boosts U.S. economy, according to JPMorgan’s Joyce Chang. Federal Reserve raises U.S. GDP growth projection
TikTok aside, Congress has its eye on the U.S. money going into China
From CNBC: 2024-03-20 19:16:10 The U.S. Congress is laser-focused on how American capital has funded China’s military development, pushing for
Fed raises GDP and inflation outlook, while keeping rate cut forecast
From CNBC: Federal Reserve Chairman Jerome Powell testifies at a Senate hearing, revealing plans for three interest rate cuts in
Central bank holds rates steady, maintains three cuts coming
From CNBC.: The Federal Reserve decided to keep interest rates steady and hinted at multiple cuts in 2024. The current
Bank of England set to hold rates, but falling inflation brings cuts into view
From CNBC: 2024-03-20 08:56:39 The Bank of England expected to maintain 5.25% interest rate amidst economic slowdown. Inflation drops to
EU-China trade relations in ‘slow-motion train accident’: business group
From CNBC: 2024-03-19 21:00:01 A photovoltaic module company in Hefei, Anhui province, on Feb. 20, 2024. Trade tensions between Europe
Where cracks in the banking sector may appear without more M&A
From CNBC: 2024-03-19 18:13:09 Hundreds of smaller banks face challenges after the collapse of three regional lenders in March 2023.
What to expect from the Federal Reserve’s policy meeting Wednesday
From CNBC: Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee, focusing on monetary policy outlook. The
Hindenburg Research is making a name for itself by taking on Carl Ichan, Gautam Adani and others
From CNBC: Nate Anderson of Hindenburg Research exposes corporate fraud and ponzi schemes, targeting high-profile companies, billionaires, and leading the
Time running out for rate cuts, Jim Bianco warns before Fed meeting
From CNBC: The window for interest rate cuts may be closing as Wall Street forecaster Jim Bianco predicts the Federal
This is the easiest way for newbies to start investing, experts say
From CNBC: Investing can be intimidating, but it doesn’t have to be. Financial experts recommend starting early to benefit from
Bitcoin may lose its reputation as a volatile asset. Here’s why
From CNBC: Bitcoin is becoming less volatile, with price swings decreasing over the past decade. Bitwise Asset Management’s Matt Hougan
Bitcoin shows its volatility once again, tumbling back to $67,000 in overnight decline
From CNBC: Bitcoin took a sharp plunge from over $72,000 to $67,000 in overnight trading, proving its volatility. Despite this,
Biden’s billionaire tax hits the super-rich. Can a wealth tax work?
From CNBC: Calls for a wealth tax on the super-rich are growing, with President Biden pushing a 25% tax on
Here’s when the Fed may start cutting rates, investment strategists say
From CNBC: Federal Reserve Chairman Jerome Powell is set to testify before the Senate Banking Committee in March. Despite higher-than-expected
Jamie Dimon endorses Disney CEO Bob Iger in proxy fight with Nelson Peltz’s Trian Partners
From CNBC: In a recent development, JP Morgan Chase CEO Jamie Dimon has endorsed Disney CEO Bob Iger in his
Shareholder payouts hit a record $1.7 trillion last year as bank profits surged
From CNBC: Global dividend payouts hit a record $1.66 trillion in 2023, with a 5% year-on-year rise and 7.2% in
Xiaomi is set to launch its SU7 electric car on March 28
From CNBC: Xiaomi unveiled its long-awaited electric car on March 28 but did not disclose the price or exact release
China’s valuations are ‘way too low,’ strategist says — here’s why
From CNBC: China has set a GDP target of 5% despite concerns of insufficient policy support. Valuations of Chinese stocks
Amtrak backs Texas Central bullet train
From CNBC: Despite decades of research, the U.S. lacks high-speed rail options. Texas Central aims to connect Dallas to Houston
Key takeaways from 2024 China parliamentary meeting: economy, environment
From CNBC: China’s annual parliamentary meetings concluded without a press conference from the premier, in a break from tradition. President
DOJ opens investigation into Alaska Airlines incident of door panel blowing out midair, WSJ says
From CNBC: An investigation by the Justice Department is underway regarding an Alaska Airlines incident where a door panel blew