Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business
In late 2022, Goldman Sachs began to pivot away from its consumer operations, beginning a series of write-downs related to selling chunks of the business.
The new Trump trade is bitcoin, price could top $80,000 if he wins election, according to Bernstein
As Election Day draws nearer, so does bitcoin’s eventual breakout from this year’s narrow trading range, Bernstein says.
Morgan Stanley cuts oil forecast, says traders are pricing in a demand slowdown similar to mild recession
There are some troubling signals in the oil market and a recession-like scenario “is not entirely to be dismissed,” according to Morgan Stanley.
Here’s everything Apple just announced: iPhone 16, iPhone 16 Pro, Apple Watch Series 10, AirPods 4 and more
Apple announced the new iPhone 16, the new Apple Watch Series 10, AirPods 4 and more on Monday. CNBC’s live blog coverage is below.
Germany to work closely with neighbours in new controls, minister says
Germany will work closely with neighbouring countries in implementing temporary border controls, Interior Minister Nancy Faeser said on Monday.
Battery giant Northvolt to lay off staff in huge cost-cutting drive amid EV market slowdown
Swedish battery maker Northvolt announced Monday that it plans to cut jobs and close down some facilities in Europe and the U.S.
A Porsche-backed startup is building a massive battery recycling plant to boost Europe’s EV industry
Cylib, a startup backed by luxury sports car firm Porsche and appliances maker Bosch, is building a massive battery recycling facility in Germany.
Eli Lilly appoints insider Lucas Montarce as new finance chief
U.S. drugmaker Eli Lilly on Monday said it has appointed insider Lucas Montarce as its new chief financial officer, effective immediately.
Jumbo 50 basis points Fed rate cut should not raise alarm, analyst says
The U.S. Federal Reserve can afford to make a jumbo 50 basis points rate cut next week without spooking markets, an analyst suggested Monday.
The EU is a ‘monster,’ Dutch nationalist leader says, and it mustn’t have more power
Dutch populist leader Geert Wilders insisted to CNBC that Europe needs less integration, not more.
