UBS beats earnings expectations, announces up to $1 billion share buyback
Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth $1 billion in the second half of the year.
Emerging brands grab market share in China and South Korea, forcing established ones to reinvent
The rise of online shopping, social media and easier access to factories are driving the growth of new consumer brands in parts of Asia — putting pressure on traditional industry giants.
Toyota hikes annual profit forecast after third quarter beats expectations
Toyota Motor raised its full-year operating profit forecast by nearly 9%, after higher sales volumes and a weaker yen boosted its third-quarter results.
India’s Paytm shares pop 8% after Ambani’s Jio Financial denies deal talks for wallet business
Paytm and Jio Financial deny media speculation of the digital payments firm’s wallet buyout.
Gen Z, millennials want to invest — but many aren’t, CNBC/Generation Lab survey finds. Here are the issues
Young adults are having a hard time saving and investing despite higher earnings from a year ago, a CNBC/Generation Lab survey found. Here’s why.
Christian Horner, Red Bull’s F1 team principal, under investigation by company
Red Bull wouldn’t detail the reason behind the investigation.
U.S. Treasury team heads to China to talk subsidies, economic policies
The Biden administration has sent U.S. Treasury officials to Beijing for economic talks that include China’s “non-market” policies, a Treasury official said.
CNBC Daily Open: Wall Street rattled over Fed worries
Investors are once again getiing ahead of themselves on the Fed’s next move.
China stocks surge over 3% amid measures to prop up markets; Hong Kong shares gain 4%
The RBA hold rates at 4.35%, China authorities sought to calm market selloff.
Look beyond AI’s near-term plays, Goldman says — naming long-term beneficiaries in and outside tech
CNBC looks at 13 such stocks Goldman likes. The bank says near-term beneficiaries are already well known and their performance reflect the “consensus view.”
