The Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Jan. 20, 2021. Qilai Shen | Bloomberg | Getty Images Beijing plans to break up Ant Group’s Alipay and create a separate app for the fintech giant’s loans business, according to a Financial Times report on Monday. Regulators previously ordered […]
CNBC News
As many return to the office, tensions flare between the ‘vaxxed and unvaxxed’
Business colleagues with protective face masks using infrared thermometer for measuring temperature before entrance in office. filadendron | E+ | Getty Images Office politics have been a thing of the past for most of us over the last 18 months, as millions of people worked from home throughout Covid-induced lockdowns. […]
China’s booming electric car industry is much bigger than just Nio and Xpeng
SAIC-GM-Wuling Automobile Co. electric vehicles are plugged in at charging stations at a roadside parking lot in Liuzhou, China, on Monday, May 17, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — While investors watched dramatic surges in the stock prices of Chinese electric car makers like Nio and […]
Stock futures higher after Dow, S&P post five straight days of losses
U.S. stock index futures were in positive territory during early morning trading on Monday as the S&P 500 comes off its longest daily losing streak since February. Futures contracts tied to Dow Jones Industrial Average jumped 153 points. S&P 500 futures and Nasdaq 100 futures both traded in positive territory. […]
Russia is building its military influence in Africa, challenging U.S. and French dominance
ADDIS ABABA, Ethiopia – August 8, 2020: Ethiopians hold up a poster of Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan during a pro-government gathering condemning the rebel Tigray People’s Liberation Front (TPLF). Minasse Wondimu Hailu/Anadolu Agency via Getty Images Russia is challenging the status quo in Africa, […]
Stock futures muted after Dow, S&P post five straight days of losses
U.S. stock index futures were little changed during early morning trading on Monday as the S&P 500 comes off its longest daily losing streak since February. Futures contracts tied to Dow Jones Industrial Average gained just 25 points. S&P 500 futures and Nasdaq 100 futures both sat marginally lower. All […]
The 29-year-old founder of a $1 billion fitnesswear label: We don’t worry about larger brands
Gymshark founder Ben Francis says he doesn’t view big-name sportswear brands as a threat to his relatively young $1 billion label. “So we don’t worry about larger brands,” Francis told CNBC in a recent video interview, arguing that many of those businesses were actually trying to pivot toward a business […]
The top 5 national universities of 2022, according to U.S. News—and what it takes to get in
On Monday, U.S. News & World Report released its annual ranking of the best colleges and universities in the country. U.S. News calculates its ranking based on six categories which are each weighted differently: student outcomes (40%), faculty resources (20%), expert opinion (20%), financial resources (10%), student excellence (7%) and […]
Chinese tech, EV stocks fall on regulatory fears; property developer Soho China drops 35% on failed deal
SINGAPORE — Shares in Asia-Pacific largely slipped in Monday trade, with stocks in Hong Kong leading losses. Hong Kong-listed shares of Alibaba dropped 4.47% following a Financial Times report that Beijing wants to break up Ant Group’s Alipay and force the creation of a separate loans app. Other Chinese tech […]
China’s zero-Covid stance could worsen debt problems for companies
People queue to undergo nucleic acid testing for the Covid-19 coronavirus in the city of Ruili which borders Myanmar, in China’s southwestern Yunnan province on July 5, 2021. STR | AFP | Getty Images China’s zero-Covid approach could worsen the debt situation of the country’s companies, some of which are […]