Finance

Jim Simons attends IAS Einstein Gala honoring Jim Simons at Pier 60 at Chelsea Piers in New York City.  Sylvain Gaboury | Patrick Mcmullan | Getty Images Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in New York City, his foundation announced on its

[The stream is slated to start at 7:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Bank of England Governor Andrew Bailey is speaking at a press conference following the U.K. central bank’s latest monetary policy decision. Subscribe to CNBC on YouTube. 

A robot is producing auto parts on the production line of an auto parts company in Minhou County, Fuzhou, China, on May 7, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — European companies in China are finding it harder to make money in the country as growth slows and overcapacity pressures increase, according to

In this article SYF COF Follow your favorite stocksCREATE FREE ACCOUNT Epoxydude | Fstop | Getty Images A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation. Led by the U.S. Chamber of Commerce, the card

In this article HOOD Follow your favorite stocksCREATE FREE ACCOUNT Spencer Platt | Getty Images Shares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results. Robinhood reported net income of $157 million, or 18 cents per share, for the first quarter. That is a positive swing from the

A key is seen in front of a computer screen displaying the Airbnb logo in Ankara, Turkey, on Nov. 22, 2023. Dilara Irem Sancar | Anadolu | Getty Images Check out the companies making headlines in extended trading: Airbnb — The hoteling company issued disappointing forward guidance, dragging shares down 8%. Airbnb said second-quarter revenue

Monzo CEO TS Anil. Monzo British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year to $610 million. The company told CNBC it raised the cash from new investors including Hedosophia, a backer of top European fintechs including N26 and Qonto. CapitalG, Alphabet’s independent growth

Employees of HD Hyundai Marine Solution Co., during the company’s listing ceremony at the Korea Exchange in Seoul, South Korea, on Wednesday, May 8, 2024. HD Hyundai Marine, a ship repair company, jumped as much as 45% in its South Korea trading debut after a 742.3 billion won ($547 million) initial public offering that was

Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans. Fraser, who leads one of the largest U.S. credit card issuers, said she is seeing a “K-shaped consumer.” That means the affluent continue to spend, while lower-income Americans have become more cautious

Warren Buffett poses with Martin, the Geico gecko, ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogan | CNBC Berkshire Hathaway shares rose in premarket trading Monday after Warren Buffett’s conglomerate reported a surge in operating earnings as well as a record cash hoard. Berkshire’s Class A shares

There may be an untapped market for exchange-traded funds. According to Calamos investments’ Matt Kaufman, there are trillions of dollars across CD and money market accounts, and it is a market ETFs should look to capture. “That’s larger than almost the ETF space itself,” the firm’s head of ETFs told CNBC’s “ETF Edge” earlier this

In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT OMAHA, Neb. — Warren Buffett said that Berkshire Hathaway is looking into an investment in Canada. “We do not feel uncomfortable in any shape or form putting our money into Canada,” he told an arena full of investors Saturday. “In fact, we’re actually looking at