World
India’s finance minister faces a tough choice crafting the annual budget — boost growth or cut deficit?
Nirmala Sitharaman, India’s finance minister, leaves the ministry to present the budget at the parliament in New Delhi, India, on July 23, 2024. Bloomberg | Bloomberg | Getty Images As the Indian government walks a tight rope between fiscal prudence and reviving growth, experts suggest it will likely favor cutting deficit in its annual budget […]
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Japan stocks track Wall Street declines overnight; most Asia markets closed for holiday
People walking in George St on a sunny day with the Sydney Town Hall building in the background. Xavierarnau | E+ | Getty Images Australian markets climbed Thursday, breaking ranks with Wall Street that fell overnight as the Federal Reserve kept interest rates unchanged. Several Asia-Pacific markets were closed for the Lunar New Year holiday. The […]
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Stock futures are little changed after Meta Platforms, Tesla report earnings: Live updates
Traders work at the New York Stock Exchange on Jan. 29, 2025. NYSE U.S. stock futures hovered the flatline Wednesday night as Wall Street digested recent quarterly results from a slew of megacap tech companies. Investors are also coming off a losing session after the Federal Reserve held steady on rates. S&P 500 futures and […]
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‘I lost purpose’: At 27, he sold his company for $100 million — now, he says it’s changed his view on money
Jake Kassan, co-founder of MVMT Watches. Courtesy of Jake Kassan When Jake Kassan sold his company for $100 million at the age of 27, he thought the money would make him happy. Though it did temporarily, it eventually took away his sense of purpose and threw him into cycles of anxiety and depression, he said. […]
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Argentina and more: Fund manager names 3 emerging markets with a ‘great investment story’ in 2025
Just one month into the new year and one portfolio manager is already confident that Argentina is “going to be a great story throughout 2025.” “Argentina’s momentum story is fantastic, so it moved from being my top contrarian idea in 2024, to one of my top bets for this year,” Malcolm Dorson, senior portfolio manager […]
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IBM shares rise 9% on earnings beat
Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025. Yves Herman | Reuters IBM reported fourth-quarter earnings on Wednesday that topped Wall Street expectations for earnings and revenue. The shares rose as much as 10% in extended trading before giving up […]
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Trump says he will send migrants to Guantanamo Bay
U.S. President Donald Trump speaks during an event to sign the Laken Riley Act, at the White House in Washington on Jan. 29, 2025. Elizabeth Frantz | Reuters President Donald Trump on Wednesday said he will order his administration to prepare Guantanamo Bay, the U.S. military base in Cuba where terrorism suspects have been held […]
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Fed meeting recap: Powell says central bank is in no hurry to cut rates again
Range of possibilities is ‘very, very wide’ for tariff effects There is a wide range of possibilities when it comes to the potential effects of tariffs, according to Fed Chair Powell. “The range of possibilities is very, very wide,” he said. “We don’t know for how long or how much, what countries. We don’t know […]
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Microsoft set to report earnings after the bell
Satya Nadella, CEO of Microsoft, arrives for the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, July 9, 2024. Brendan McDermid | Reuters Microsoft will report fiscal second-quarter results after the U.S. market close Wednesday. Here’s what analysts are looking for, according to LSEG: […]
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Chubb’s Evan Greenberg says insurer just had the best year in its history
Chubb CEO Evan Greenberg Scott Mlyn | CNBC California is a tough market for insurers — and growing more so, according to Chubb CEO Evan Greenberg. The executive has long proclaimed that Chubb won’t write insurance where it can’t get a reasonable return for taking on risk. And it’s that approach that helped it report […]
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