business news
China consumer inflation rises less than expected in January as producer price deflation persists
Chinese consumers are experiencing “luxury shame” similar to what happened in the U.S. during the 2008-09 financial crisis, according to a June Bain and Company report. Jade Gao | Afp | Getty Images China’s consumer inflation rose less than expected in January while the deflation in producer prices persisted, in a sign of continued deflationary […]
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The world’s rich are relocating at a pace unseen in history — where are they going?
The movement of the world’s richest families across borders is accelerating into what experts are calling the most significant private wealth migration ever recorded. Demand for cross-border relocation, residency planning and citizenship consultancy services is being driven by geopolitical tensions and sudden policy shifts, advisers who work with ultra-high-net-worth clients told CNBC. According to a […]
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Hong Kong proceeds with stablecoin plans despite Beijing’s reservations
INDIA – 2025/05/22: In this photo illustration, a Bitcoin logo is seen displayed on a smartphone with the Hong Kong flag in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Hong Kong’s central bank is pressing ahead with plans to issue an initial batch of […]
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CNBC Daily Open: AI might come for financial firms next — and a weak U.S. retail report weighs on stocks
Traders work at the New York Stock Exchange on Feb. 10, 2026. NYSE What can’t artificial intelligence claim to do nowadays? Tech platform Altruist announced Tuesday a tool to help users carry out tax planning — an act, as everyone knows, more complex than quantum physics — within “minutes.” Financial stocks wobbled on those claims […]
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Shares of Australian biotech major CSL plunge to 8-year low after CEO departure, weak earnings
CSL employees. William West | AFP | Getty Images Shares of Australian biotech firm CSL plunged to an 8-year low Wednesday after it announced the exit of Paul McKenzie as chief executive officer, and posted weak earnings for the first half of its fiscal year. Shares fell 17% to 151.3 Australian dollars, their lowest since […]
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Astera Labs shares sink 10% as revenue comes up short of some expectations
Astera Labs reported fourth-quarter earnings that beat on top and bottom lines, but shares plunged as much as 10% as revenue came short of some analysts’ expectations. Here’s how the artificial intelligence infrastructure and semiconductor company did compared to LSEG consensus estimates: Earnings per share: 58 cents vs. 51 cents expected Revenue: $271 million vs. […]
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Amazon gets FCC approval to launch 4,500 Leo internet satellites
Amazon Leo Satellite Connectivity signage is displayed during the annual Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2026. Patrick T. Fallon | Afp | Getty Images The Federal Communications Commission said Tuesday it approved Amazon’s request to deploy 4,500 satellites, expanding the company’s planned constellation as it vies to compete with […]
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Moderna says FDA refuses to review its application for experimental flu shot
A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty Images The Food and Drug Administration has refused to start a review of Moderna‘s application for its experimental flu shot, the company announced Tuesday, in another sign of the […]
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Crypto’s ‘age of speculation’ may be over, says Galaxy CEO Mike Novogratz
Key Points Bitcoin is down more than 21% so far this year, and nearly 50% from its peak in October. Galaxy CEO Mike Novogratz said crypto’s “age of speculation,” where investors expected outsized returns, may be ending as more risk-adverse players enter the sector. “It’s going to be real world assets with much lower returns,” […]
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Lyft stock falls 15% on disappointing fourth-quarter results, rider numbers
Lyft‘s stock tumbled 15% in extended trading on Tuesday after the ride-sharing company posted disappointing fourth-quarter results. Here how the company did versus LSEG estimates: Earnings per share: Not comparable Revenue: $1.59 billion vs. $1.76 billion Revenue grew 3% from a year ago. Bookings grew 19% year over year to $5.07 billion, which was in […]
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