Big banks are quietly cutting thousands of employees, and more layoffs are coming
Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper cuts.
As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal
Global fintech giant Airwallex said it has acquired MexPago, a rival payments company based out of Mexico, for an undisclosed sum.
U.S. weekly jobless claims total 198,000, fewer than expected
Initial jobless claims for the week ended Oct. 14 were expected to total 210,000, according to a Dow Jones consensus estimate.
American journalist detained and charged in Russia
Alsu Kurmasheva’s detention follows the arrest of Wall Street Journal reporter Evan Gershkovich, who is still awaiting trial on espionage charges.
Netflix shares climb nearly 14% in premarket trade on strong subscriber growth
The company added 8.8 million subscribers after its crackdown on password sharing and cheaper, ad-supported platform.
Nestle misses nine-month sales estimates, expects volume upturn by year-end
Nestle posted lower-than-expected nine-month sales growth Thursday as higher product prices impacted shoppers.
Google to manufacture smartphones in India starting with Pixel 8
Alphabet will start manufacturing in India and will partner with international and domestic manufacturers to produce its Pixel smartphones locally.
Coinbase picks Ireland as its main EU regulatory hub as U.S. authorities go on the offensive
Cryptocurrency exchange Coinbase has chosen Ireland as its main operational and regulatory hub in the European Union, the company told CNBC exclusively.
A ‘revolution’ is coming: CEO shares the challenges and opportunities in autonomous trucking
KargoBot chief Junqing Wei was speaking at CNBC’s East Tech West conference in China.
World’s largest chipmaker TSMC sees biggest drop in profit in nearly five years
TSMC posted a third quarter profit of NT$211 billion – its largest profit decline since first quarter 2019 – as weak demand for consumer electronics persists.
