In this article .STI DBSM-SG The building of DBS, Singapore’s largest bank, at the city state’s central business district. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Singapore’s largest bank, DBS Group Holdings, posted third-quarter earnings that beat analysts’ estimates as its chief executive flagged improving business conditions in the months ahead.
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Demonstrators hold signs during a protest against Covid-19 mandates outside the General Motors (GM) Tech Center in Warren, Michigan, U.S., on Wednesday, Nov. 3, 2021. Mathew Hatcher | Bloomberg | Getty Images Several business groups expressed concern about President Joe Biden’s Covid vaccine mandate on Thursday, arguing that the requirements will burden businesses during the
andreswd | E+ | Getty Images Inflation keeps rising and doesn’t look like it will be coming down anytime soon. Consumer prices jumped in September, a 5.4% increase from September — nearly hitting a 30-year high. That means you’re paying more for energy and housing costs, as well as groceries and other goods. With the
In this article ROKU Roku shares dropped in after-hours trading Wednesday after the company reported a third-quarter revenue that missed expectations. The company’s revenue came in at $680 million, just below a Refinitiv forecast of $683.4 million. That’s still up 51% from a year earlier. Roku’s earnings per share of 48 cents, however, topped expectations
In this article WFC Wells Fargo CEO Charles Scharf listens during the Milken Institute Global Conference in Beverly Hills, Calif., on April 30, 2019. Kyle Grillot | Bloomberg | Getty Images Wells Fargo isn’t out of the woods yet when it comes to its regulatory mess. That’s the message the bank sent in its most
Former Theranos CEO Elizabeth Holmes leaves a federal court after a status hearing on July 17, 2019 in San Jose, California. Kimberly White | Getty Images SAN JOSE, CALIF. — A former estate attorney told jurors in Elizabeth Holmes’ criminal trial that he invested $6 million in Theranos after being introduced to Holmes by ex-Secretary
Stephan Wollenstein, CEO of Volkswagen China, presents the new ID.6 Crozz electric car during the Shanghai International Automobile Industry Exhibition on April 19, 2021. Hector Retamal | AFP | Getty Images BEIJING — When it comes to their favorite electric car brand, Chinese consumers’ top choice is Warren Buffett-backed BYD, according to a survey by
Market forecaster Jim Bianco expects inflation’s intensity to catch up with central bank policymakers worldwide, including the Federal Reserve. The fallout could make stocks less attractive, and knock them off record highs. “Inflation is persistent and you’ve got to start thinking about moving your policies more aggressively towards tightening,” the Bianco Research President told CNBC’s
In this article PFE Pfizer CEO Albert Bourla said Tuesday the U.S. government has ordered enough Covid-19 vaccine doses to cover every child in the country, as a Centers for Disease Control panel meets to decide whether to recommend authorization of the shots for kids ages 5 to 11. “The U.S. government has placed orders
Open enrollment season is underway. With millions of employees reevaluating their job or considering a change, employer-sponsored benefits are an even greater consideration heading into 2022. About 157 million Americans rely on employer-sponsored health insurance coverage and yet, before the Covid-19 pandemic, many people spent very little time reviewing their workplace health-care plan during the
In this article CVX Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Chevron said Friday that it generated the highest free cash flow on record during the third quarter as surging commodities prices and lower operational costs
In this article TSLA CNBC’s Jim Cramer expressed wonderment Monday at the continued strength in Tesla‘s stock — up about 50% in the past month and roughly 200% in the past 12 months. “Tesla is actually a phenomenon we have to talk about,” Cramer said on “Squawk on the Street,” before the opening bell on
Twitter and Square CEO Jack Dorsey recently issued a dire economic prediction, complete with a frightening phrase: hyperinflation. “Hyperinflation is going to change everything. It’s happening,” Dorsey tweeted on Oct. 22. Later, in response to a follower’s follow-up question, Dorsey added that “[hyperinflation] will happen in the U.S. soon, and so the world.” Such an
In this article DBSM-SG OCBC-SG UOBH-SG .STI View of the Singapore Central Business District. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Shares of Singapore’s top banks jumped in the lead-up to their third-quarter earnings this week as the global economic recovery gains momentum. OCBC and UOB are scheduled to kick off
In this article CMCSA CNK Tom Hardy stars in Sony’s “Venom: Let There Be Carnage.” Sony Don’t count out the domestic box office just yet. A combination of new movie releases, many of which appeared exclusively in theaters, coupled with growing consumer confidence in returning to cinemas amid the coronavirus pandemic led October to be
President Joe Biden on Oct. 29, 2021 in Rome, Italy. Antonio Masiello | Getty Images News | Getty Images A $1.75 trillion social and climate spending framework Democrats unveiled Thursday would reform the health-care market in several ways, expanding access and reducing costs for millions of Americans. Chiefly, the proposal would expand subsidies available for
In this article XOM A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. Sergio Moraes | Reuters Exxon said Friday that its third-quarter profit was the highest in years as improving demand, higher commodity prices and streamlined operations
In this article CFX thianchai sitthikongsak | Moment | Getty Images Company: Colfax Corp. (CFX) Business: Colfax is a global diversified technology company. The company operates in two segments: (i) Fabrication Technology: consumable products and equipment, including cutting, joining, and automated welding products, as well as gas control equipment; and (ii) Medical Technology: medical device
US Treasury Secretary Janet Yellen speaks during a meeting with business leaders and CEOs on the need to address the debt limit, on October 6, 2021, in the South Auditorium of the White House in Washington, DC. Nicholas Kamm | AFP | Getty Images Treasury Secretary Janet Yellen told CNBC on Friday the $1.75 trillion
In this article GS Rafael Henrique | SOPA Images | LightRocket | Getty Images Goldman Sachs has begun giving its institutional trading clients research reports from crypto news and data firm The Block. Hedge funds and other clients began receiving the reports on Thursday via the investment bank’s Marquee digital platform, according to an email
A demonstrator holds up an abortion flag outside of the U.S. Supreme Court as justices hear a major abortion case on the legality of a Republican-backed Louisiana law that imposes restrictions on abortion doctors, on Capitol Hill in Washington, U.S., March 4, 2020. Tom Brenner | Reuters Abortion and guns are front and center as
President Joe Biden delivers remarks on his proposed Build Back Better social spending bill in the White House on Oct. 28, 2021 Chip Somodevilla | Getty Images News | Getty Images The White House issued a framework for a $1.75 trillion social and climate spending bill on Thursday — and would finance more than half
In this article AMZN Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will report third-quarter earnings after the market close on Thursday. Here’s what analysts are expecting: Earnings: $8.92 per share, according to analysts
In this article AMZN VZ INDIA – 2019/08/30: In this photo illustration a popular wireless communication application Verizon logo seen displayed on a smartphone. (Photo Illustration by Avishek Das | SOPA Images | LightRocket | Getty Images Verizon is partnering with Amazon to use the tech giant’s coming satellite internet system to expand rural broadband
Reza Estakhrian | The Image Bank | Getty Images Opportunity zone fund investments are back. Granted, they never went away, but after generating a great deal of attention a few years ago, much of the excitement surrounding them died down. However, investors are starting to pay attention again, with lawmakers in Washington, D.C., mulling proposals
Stock futures edged higher in overnight trading on Wednesday after the S&P 500 and the Dow Jones Industrial Average slipped from their record highs. Dow futures rose 50 points. S&P 500 futures and Nasdaq 100 futures both traded 0.1% higher. Shares of Twilio fell more than 12% despite a beat on both earnings and revenue
In this article HOOD TWTR ENPH Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Check out the companies
Getty Images Taxes are often a concern for employees with stock options, which is the right to buy company stock at a specific price for a set period. However, if someone earned less in 2021 or expects to make more in 2022, they may consider ways to accelerate stock-based income before year-end. For example, someone
In this article GOOGL Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Alphabet reported profit and earnings for the third quarter that topped analysts’ estimates. The company’s shares were little changed after the report.
Eric Glyman and Karim Atiyeh, cofounders of corporate card startup Ramp Corporate charge card start-up Ramp is going after publicly-traded competitor Bill.com with a free invoice management and payments platform, CNBC has learned. The start-up has grown rapidly this year by offering small and medium-sized businesses a cash back card paired with software that identifies
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