business news
HSBC annual pre-tax profit drops over 7%, revenue jumps as bank’s results top estimates
A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico, on June 14, 2024. Henry Romero | Reuters Europe’s largest lender HSBC on Wednesday reported annual pre-tax profit of $29.91 billion, beating the estimates on the back of a strong performance in its wealth division and Hong […]
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South Korea and Japan stocks hit fresh highs amid regional gains after Wall Street’s AI relief rally
A currency dealer monitors exchange rates in front of a big screen showing South Korea’s benchmark stock index (C) and the Korean won/USD exchange rate (R) in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on April 9, 2025. Jung Yeon-je | Afp | Getty Images South Korea and Japan stocks […]
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U.S. Supreme Court tariff ruling will likely allow India to keep buying Russian oil
US President Donald Trump and Indian Prime Minister Narendra Modi arrive to hold a joint press conference in the East Room of the White House in Washington, DC, on February 13, 2025. Jim Watson | Afp | Getty Images India will likely continue buying Russian oil as the U.S. Supreme Court’s verdict outlawing President Donald […]
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Trump says Iran wants a deal more than the U.S. ahead of next round of negotiations in Geneva
Iran wants to make a “deal” more than the U.S., President Donald Trump said Tuesday, ahead of another round of scheduled talks with Tehran and amid a build up of American forces in the Middle East. Tehran’s refusal to commit to not developing nuclear weapons remains the key sticking point holding up an agreement, Trump […]
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The global M&A boom is rolling into 2026 as AI sparks deal frenzy — but cash is getting tight
Key Points Merger-and-acquisition activity roared back to life last year despite a sluggish start. Markets are betting that the surge will continue. While the appetite for deals remains strong, the pool of discretionary capital to fund them is historically thin. Source
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Judge dismisses xAI trade-secrets lawsuit against rival OpenAI for now
A federal judge in California on Tuesday dismissed a lawsuit from Elon Musk’s artificial intelligence startup xAI that accused rival Sam Altman’s OpenAI of stealing its trade secrets. U.S. District Judge Rita Lin in San Francisco said that xAI could refile its case, but for now has failed to allege that OpenAI committed any misconduct. […]
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Governments are rushing to hoard critical minerals as the ‘resource nationalism’ era arrives
A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Steve Marcus | Reuters A new race to secure critical minerals is unfolding across the global economy. From Washington’s proposed $12 billion Project Vault stockpile to expanding buffers in Asia and […]
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Register now: Applications open for the World’s Top Fintech Companies 2026
Key Points CNBC and Statista chart the top fintech players from around the world, ranging from startups to Big Tech names. The World’s Top Fintech Companies has been expanded this year, with regulation tech — companies helping others meet their financial regulatory obligations — becoming its own segment. Applications are now open for companies to […]
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Cava reports surprise same-store sales growth, driven by menu prices
Cava, the fast-casual Mediterranean restaurant chain, reported record-breaking revenue for fiscal year 2025 on Tuesday and forecast sales growth for fiscal year 2026. Shares gained roughly 10% in extended trading Tuesday. “While there are a lot of factors around us that are creating pressures from a margin perspective, our model has allowed us to be […]
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PayPal pops nearly 7% on report fintech startup Stripe is weighing an acquisition
Key Points Fintech startup Stripe is reportedly in early discussions to potentially buy PayPal. PayPal’s stock has plummeted over the last year as it faces slowing growth and mounting competition in the digital-payments market. Stripe hit a $159 billion valuation on Tuesday and said it was on track to reach an annual run rate of […]
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