Standard Chartered raises forecast, announces $1 billion share buyback after profit jumps 28%
The London-headquartered bank upgraded its performance forecast, saying it now expected to achieve a return on tangible equity of 10% this year and 11% in 2024.
Japan logs record merchandise trade deficit in January as export growth slows
Aggressive interest rate rises in other advanced economies have cooled demand for Japanese products, particularly during China’s lunar New Year holiday.
Biden plans to deliver his most extensive remarks yet about the aerial objects the military shot down
Biden will explain how the administration is forming rules to deal with other objects in the future.
Adani’s fall reignites scrutiny of billionaire’s close ties with Modi
The tycoon found the ground sinking beneath his feet and the fortunes of his businesses plummeting after a short-sellers report.
Google asks employees to rewrite Bard’s bad responses, says the A.I. ‘learns best by example’
As Google races to get its artificial intelligence search tool up to speed, it wants employees to flag incorrect answers and even to rewrite them.
This investor’s fund returned 15% in a bad year for stocks. He shares his playbook and bets for 2023
2022 was a bad year for the stock market. But a Singapore-based veteran investor’s fund knocked it out of the park. He tells CNBC Pro his best and worst trades.
‘They are in a bear market rally’: Tech’s on a roll, but some market pros aren’t convinced
“That enthusiasm for aggressive technology-oriented stocks in the last couple of months is exactly what you get in a bear market rally,” one investor tells CNBC.
Foreign holdings of U.S. Treasurys increase for 2nd month in December, data shows
The benchmark 10-year Treasury yield started the month December at 3.527% and ended the month at 3.835%.
Asia markets mostly rise as U.S. sales jump; Japan posts worst trade deficit ever
Investors in the Asia-Pacific will digest the U.S. retail sales report that came in stronger than expected.
Dow closes 400 points lower as hot inflation report, comments from Fed’s Bullard raise rate hike fears: Live updates
“Both inflation readings this week point to the stickiness of inflation and that the fight isn’t over,” said one strategist.
