After doubts about Alibaba’s future, co-founder Joe Tsai says: ‘We’re back’
From CNBC: Alibaba co-founder Joe Tsai expresses confidence in the company’s future, stating it is set to be a top
Category: Finance
Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size
From CNBC: Warren Buffett discussed Berkshire Hathaway’s performance at the shareholders meeting, mentioning the challenges of finding impactful investment opportunities
Warren Buffett calls the late Charlie Munger ‘part older brother, part loving father’ in heartfelt tribute
From CNBC: Warren Buffett paid tribute to late business partner Charlie Munger at Berkshire Hathaway meeting. Munger advised Buffett on
Hainan Airlines hands out Rokid AR glasses for in-flight entertainment
From CNBC: Hainan Airlines offers passengers free use of Rokid’s AR glasses for in-flight entertainment. This is the first large-scale
Revolut launches travel eSIM phone plans in the UK
From CNBC: Revolut is launching a travel eSIM plan in the U.K., making it the first financial firm to offer
Stocks making the biggest moves after hours: SQ, CVNA and more
From CNBC: Block’s shares soared 11% after a fourth-quarter revenue beat, with expected gross profit growth in 2024. Intuit’s revenue
Block (SQ) earnings Q4 2023
From CNBC: Jack Dorsey’s companies, Twitter Inc. and Square Inc., saw Block stock rise 19% after reporting fourth-quarter earnings that
Credit card interest rates are at record highs
From CNBC: Credit card issuers have raised “APR margins” as rates have surged in 2022. The average APR margin was
Capital One Discover acquisition has $1.4 billion breakup fee for another buyer
From CNBC: Capital One’s proposed takeover of Discover Financial includes a $1.38 billion breakup fee if Discover goes with another
Fed minutes January 2024:
From CNBC: Federal Reserve officials indicated that they’re in no hurry to cut interest rates, expressing optimism and caution on
Why Capital One is buying Discover in the biggest merger yet of 2024
From CNBC: Capital One has announced a $35.3 billion acquisition of Discover Financial in order to protect against fintech and
UK posts record budget surplus in January
From CNBC: The UK recorded a £16.7 billion net budget surplus in January, the highest on record. Self-assessed income and
HSBC pre-tax annual profit jumps 78%, misses market estimates
From CNBC: Customers in Hong Kong are using HSBC Holdings Plc’s ATMs at night. Amidst stock gains, HSBC reported a
NYCB reignites banking industry, commercial real estate fears
From CNBC: Embattled New York Community Bank attempts to calm investors by disclosing financial details of deposits and liquidity, promoting
Societe Generale posts sharp profit drop as net banking income slides
From CNBC: Societe Generale reported a sharp drop in fourth-quarter net profit due to weaker net banking income, but exceeded
Imposter scams are top fraud of 2023, FTC says. How to protect yourself
From CNBC: Consumers lost a record $10 billion to fraud in 2023, and imposter scams were the most prevalent swindle,
Affirm buy now pay later vendor discusses loans, delinquencies
From NBC Universal: 1. Americans shopping online after midnight are more likely to make risky transactions and default on their
Wells Fargo says consent order tied to 2016 scandal lifted
From CNBC: The Office of the Comptroller of the Currency has lifted a critical penalty for Wells Fargo, related to
UK economy slipped into technical recession at the end of 2023
From CNBC: The U.K. economy has slipped into a technical recession, with the Office for National Statistics reporting a 0.3%
Stocks making the biggest moves midday: UBER, ABNB, MGM, HOOD
From CNBC: Uber shares soared 11% and hit a new 52-week high after announcing a $7 billion share repurchase program
Here’s where prices fell in January 2024, in one chart
From CNBC: Inflation in the US has decreased significantly, with some goods now experiencing outright deflation. This shift comes after
London loses another listing, but analysts wary of writing off UK
From CNBC: German travel company TUI received overwhelming shareholder support to move its shares from the London Stock Exchange’s FTSE
Cities With Biggest Job Growth Over Next 5 Years: Report
From Time: The state of Texas is expected to have a surge in job growth in many of its cities
Banks ask for help protecting customers from online romance scams
From CNBC: The banking industry seeks help from the federal government and social media companies to combat a rise in
How To Get A Home Equity Loan With Bad Credit
From Time Magazine: As the real estate market fluctuates, it’s important to get an accurate figure. To further calculate your