Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.

CNBC | World Business News Leader

25.04.2024

Why the Fed keeping rates higher for longer may not be such a bad thing

It's a tough case to sell that higher interest rates today are having a substantially negative impact on the course of the economy.

CNBC | World Business News Leader

25.04.2024

Workers earning under $58K a year could soon become eligible for overtime pay

The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for overtime pay.

CNBC | World Business News Leader

25.04.2024

Biden signs Israel, Ukraine, TikTok bill into law

TikTok vowed to legally challenge the measure if President Joe Biden signed it into law.

CNBC | World Business News Leader

25.04.2024

Meta loses $200 billion in value, Zuckerberg focuses on AI, metaverse

Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.

CNBC | World Business News Leader

25.04.2024

Standard Chartered: Bitcoin (BTC) to hit $150,000 after halving

Bitcoin is set for more price gains later this year, even after a recent retreat in prices, according to Standard Chartered's top crypto analyst.

CNBC | World Business News Leader

25.04.2024

DJT stock jumps, Trump Media CEO seeks stock manipulation probe

Donald Trump's media company CEO Devin Nunes wants Congress to probe possible manipulation of the company's stock.

CNBC | World Business News Leader

25.04.2024

Biogen (BIIB) earnings Q1 2024

Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.

CNBC | World Business News Leader

25.04.2024

Inside Foot Locker's plan to revitalize retail footprint

Foot Locker unveiled its "store of the future" concept that will inspire the revamping of 900 stores the sneaker retailer is planning over the next two years.

CNBC | World Business News Leader

25.04.2024

Elon Musk is keeping investors' dreams of a Tesla robotaxi alive

Tesla CEO Elon Musk continues to promise investors that autonomy is in the company's future even as financials deteriorate.

CNBC | World Business News Leader

25.04.2024

Morningstar likes these 7 stocks in Europe

"There could ... be a greater tailwind for European equities than those in the U.S.," Michael Field says.

CNBC | World Business News Leader

25.04.2024

Xpeng's Gu says robotaxis won’t be a real business for at least five years

Xpeng, a China-based electric car startup that is also selling in Europe, has made driver-assist software one of its selling points.

CNBC | World Business News Leader

25.04.2024

Geely-backed luxury EV brand Zeekr says it's beating Tesla in parts of China

EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.

CNBC | World Business News Leader

25.04.2024

Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions

AI startup Synthesia on Thursday announced the launch of its "Expressive Avatars," AI-generated digital avatars that can convey human emotions.

CNBC | World Business News Leader

25.04.2024

Solar manufacturers petition U.S. to impose tariffs on some imports

First Solar and six other manufacturers allege that companies in Cambodia, Malaysia, Thailand and Vietnam are dumping solar cells on the U.S. market.

CNBC | World Business News Leader

25.04.2024

Tesla stock up after Elon Musk says new affordable EV models coming

Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.

CNBC | World Business News Leader

25.04.2024

IBM Q1 earnings report 2024: IBM to acquire HashiCorp

IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.

CNBC | World Business News Leader

25.04.2024

Meta's Reality Labs posts $3.85 billion loss in first quarter

Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.

CNBC | World Business News Leader

25.04.2024

India election: Markets face correction if Modi's win disappoints: Bernstein

The results of India's general elections could be the reason for a correction in the Indian stock market, according to Bernstein.

CNBC | World Business News Leader

25.04.2024

Chamber of Commerce sues FTC for banning noncompete clauses

The U.S. Chamber of Commerce has long threatened to sue the FTC over the noncompete ban.

CNBC | World Business News Leader

25.04.2024

Rubrik prices IPO at $32 per share, above the expected range

Rubrik is hitting the market at a historically slow time for venture-backed tech IPOs.

CNBC | World Business News Leader

25.04.2024

TikTok creators fear for their livelihoods after Biden signs law

A TikTok ban could take years due to potential legal challenges, but creators worry about how they'll make a living if it goes away.

CNBC | World Business News Leader

25.04.2024

Walgreens launches cell, gene therapies in service expansion

Among the company's investments to "transform" its specialty pharmacy services is the opening of a new facility dedicated to cell and gene therapy services.

CNBC | World Business News Leader

25.04.2024

Ford (F) earnings Q1 2024

Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter.

CNBC | World Business News Leader

25.04.2024

Deutsche Bank first-quarter 2024 earnings

Deutsche Bank reported first-quarter earnings on Thursday.

CNBC | World Business News Leader

25.04.2024

Chipotle Mexican Grill (CMG) Q1 2024 earnings

The burrito chain said traffic increased 5.4% in its first quarter.

CNBC | World Business News Leader

24.04.2024

Airbnb's new chief business officer shares his top priorities for hosts and travelers

International stays and more guest experiences are crucial parts of Airbnb's top priorities for future growth.

CNBC | World Business News Leader

24.04.2024

Tesla shares have taken a beating this year. Here's where they could find support, charts show

Tesla recently made new yearly lows with no apparent support level in sight until another 30% lower at the early 2023 bottom of $101.81.

CNBC | World Business News Leader

24.04.2024

JetBlue shares tumble after airline lowers 2024 revenue outlook

JetBlue said second-quarter revenue would likely drop as much as 10.5% on the year.

CNBC | World Business News Leader

24.04.2024

Tesla cutting close to 2,700 jobs in Austin, over 3,300 in California

Tesla is eliminating about 12% of its workforce at a factory in Austin, Texas, where the electric vehicle company is headquartered.

CNBC | World Business News Leader

24.04.2024

Walmart-backed fintech One introduces buy now, pay later

One's expanding role at Walmart raises the possibility that the company could force Affirm and others out of some of the most coveted partnerships in retail.

CNBC | World Business News Leader

24.04.2024

Healthy Returns: Biotech IPOs heated up, but haven't fully recovered

Biotech IPOs surged at the start of 2024, but the rest of the year will depend on Fed rate cuts. Meanwhile, doctors using VR and AI to hone their skills.

CNBC | World Business News Leader

24.04.2024

Spotify (SPOT) earnings Q1 2024

Spotify beat expectations on the top and bottom lines when it reported quarterly earnings Tuesday, after a year of activist investor scrutiny and cost cutting.

CNBC | World Business News Leader

24.04.2024

Oracle is moving its world HQ to Nashville

Oracle is moving its world headquarters to Nashville, according to Larry Ellison.

CNBC | World Business News Leader

24.04.2024

Apple sends invites to May 7 launch event, new iPads expected

Apple will launch new products on May 7 in an online event, according to invites sent to the media on Tuesday.

CNBC | World Business News Leader

24.04.2024

Labor Department cracks down on bad retirement savings advice

The Biden administration issued a final "fiduciary" rule that aims to rein in conflicts of interest that officials say erode Americans' savings.

CNBC | World Business News Leader

24.04.2024

ByteDance, TikTok spent over $7 million on lobbying, ad campaign

The disclosures show how TikTok officials lobbied Congress and President Joe Biden's executive office last quarter.

home›CNBC | World Business News Leader›Economy

CNBC | World Business News Leader - Economy

TikTok to suspend TikTok Lite's reward programme amid EU concerns

Amazon aggregator Thrasio loses CEO, other execs in bankruptcy process

Japanese yen hits fresh 34-year low despite verbal intervention from authorities

Barclays first quarter earnings, swings back to profit amid overhaul

Why the Fed keeping rates higher for longer may not be such a bad thing

Workers earning under $58K a year could soon become eligible for overtime pay

Biden signs Israel, Ukraine, TikTok bill into law

Meta loses $200 billion in value, Zuckerberg focuses on AI, metaverse

Standard Chartered: Bitcoin (BTC) to hit $150,000 after halving

DJT stock jumps, Trump Media CEO seeks stock manipulation probe

Biogen (BIIB) earnings Q1 2024

Inside Foot Locker's plan to revitalize retail footprint

Elon Musk is keeping investors' dreams of a Tesla robotaxi alive

Morningstar likes these 7 stocks in Europe

Xpeng's Gu says robotaxis won’t be a real business for at least five years

Geely-backed luxury EV brand Zeekr says it's beating Tesla in parts of China

Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions

Solar manufacturers petition U.S. to impose tariffs on some imports

Tesla stock up after Elon Musk says new affordable EV models coming

IBM Q1 earnings report 2024: IBM to acquire HashiCorp

Meta's Reality Labs posts $3.85 billion loss in first quarter

India election: Markets face correction if Modi's win disappoints: Bernstein

Chamber of Commerce sues FTC for banning noncompete clauses

Rubrik prices IPO at $32 per share, above the expected range

TikTok creators fear for their livelihoods after Biden signs law

Walgreens launches cell, gene therapies in service expansion

Ford (F) earnings Q1 2024

Deutsche Bank first-quarter 2024 earnings

Chipotle Mexican Grill (CMG) Q1 2024 earnings

Airbnb's new chief business officer shares his top priorities for hosts and travelers

Tesla shares have taken a beating this year. Here's where they could find support, charts show

JetBlue shares tumble after airline lowers 2024 revenue outlook

Tesla cutting close to 2,700 jobs in Austin, over 3,300 in California

Walmart-backed fintech One introduces buy now, pay later

Healthy Returns: Biotech IPOs heated up, but haven't fully recovered

Spotify (SPOT) earnings Q1 2024

Oracle is moving its world HQ to Nashville

Apple sends invites to May 7 launch event, new iPads expected

Labor Department cracks down on bad retirement savings advice

ByteDance, TikTok spent over $7 million on lobbying, ad campaign

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