Finance
UBS shares retreat 6% as fourth-quarter profit beat, $3 billion buyback fail to impress
UBS shares lost ground after the lender's fourth-quarter results and up to $3 billion share buyback plans failed to impress.Switzerland's...
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Trump names Treasury Secretary Scott Bessent acting director of CFPB, as former head Chopra confirms he is out
Republican presidential nominee former President Donald Trump, left, listens as investor Scott Bessent speaks on the economy in Asheville, N.C.,...
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Fed’s Powell has had no contact with Trump after president said he’ll demand rates drop
Federal Reserve Chair Jerome Powell said Wednesday he has not spoken to President Donald Trump since the newly inaugurated president...
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L.A. wildfire victims face financial anxiety amid recovery: ‘The uncertainty is very unsettling’
Homes burn above Pacific Coast Highway during the Palisades Fire on Jan. 8, 2025, in Pacific Palisades, Calif. Photo by Jeff...
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OpenAI in talks to raise funding that would value AI startup at up to $340 billion
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI...
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We asked 10 travel agents: What’s the top under-the-radar destination? Here’s what they said
Klaus Vedfelt | Digitalvision | Getty ImagesLooking for travel inspiration for 2025 and beyond?Look no further: CNBC asked 10 travel...
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Will 2025 finally mark the end of the IPO drought?
Nasdaq president Nelson Griggs discusses the decline of companies going public and when the incentive for initial public offerings will...
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Here’s how tariffs on Canada, China and Mexico may impact U.S. consumers
President Donald Trump on Jan. 27, 2025 in Doral, Florida.Joe Raedle | Getty Images News | Getty ImagesPresident Donald Trump...
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Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit
A "mild recession" is on the cards, according to Commerzbank CEO Manfred Knof.Picture Alliance | Picture Alliance | Getty ImagesCommerzbank...
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Nasdaq 100 celebrates 40 years: Is crypto the next big driver for gains?
The tech-driven Nasdaq 100 may be undergoing a historic shift as it turns 40 this week.According to Strategas Securities' Todd Sohn, cryptocurrency...
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