Former subpostmasters celebrate outside the Royal Courts of Justice in London, on April 23, 2021, following a court ruling clearing subpostmasters of convictions for theft and false accounting. – Dozens of former subpostmasters, who were convicted of theft, fraud and false accounting because of the Post Office’s defective Horizon accounting […]
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Haley, DeSantis clash over Disney and government’s role in business
(COMBO) This combination of pictures created on January 04, 2024 shows (L) Florida Governor Ron DeSantis gestures as he speaks during the fourth Republican presidential primary debate at the University of Alabama in Tuscaloosa, Alabama, on December 6, 2023, and (R) former Governor from South Carolina and UN ambassador Nikki […]
China’s EV stocks start 2024 in reverse gear as price wars pressure profitability
A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) Vcg | Visual China Group | Getty Images Shares of Chinese electric car makers have started the new year in reverse gear, as intense competition […]
Trump won’t pledge to divest from businesses if he wins second term
Former President Donald Trump speaks to the media at a Washington hotel, Tuesday, Jan. 9, 2024, after attending a hearing before the D.C. Circuit Court of Appeals at the federal courthouse in Washington. Susan Walsh | AP Former President Donald Trump on Wednesday signaled that he plans to retain his […]
China will make foreign investment easier, vice premier tells foreign executives
SAN FRANCISCO, CALIFORNIA – NOVEMBER 10: U.S. Secretary of the Treasury Janet Yellen (R) greets People’s Republic of China (PRC) Vice Premier He Lifeng at the start of a bilateral meeting at the Ritz Carlton Hotel on November 10, 2023 in San Francisco, California. Secretary Yellen and Vice Premier Lifeng […]
Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023. Mike Blake | Reuters Citigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank’s reorganization came in far higher than disclosed […]
Jim Cramer says positive analyst notes hold real power in this market
CNBC’s Jim Cramer said today’s market presents a rare landscape where analyst upgrades and price target bumps are catalysts for market action. “These recommendations and little tidbits and asides suddenly have power in this market because, at the moment, there doesn’t seem to be anything about what we call ‘resistance,’” […]
What to look for when the major banks report earnings, according to Jim Cramer
CNBC’s Jim Cramer analyzed several major banks’ performances on Wednesday, telling investors what to look out for when JPMorgan, Citigroup, Bank of America and Wells Fargo release earnings reports on Friday. These reports can set the tone for earnings season, he said. “If you believe, as I do, that interest […]
Bitcoin wavers, ether soars after SEC greenlights launch of U.S. bitcoin ETFs
Omar Marques | Lightrocket | Getty Images Bitcoin hovered around the flat line higher late Wednesday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected. The cryptocurrency trimmed earlier losses and was last trading flat at […]
World’s two largest coal consumers won’t be weaning off the fossil fuel anytime soon
Man tending to sacks of coals. Dhiraj Singh | Bloomberg | Getty Images China and India’s growing economies will continue to fuel demand for coal even as they set ambitious renewable energy targets, according to experts. While China is the world’s largest energy consumer, India is ranked third globally, and […]