Rene Benko files for sole trader insolvency after Signa collapse
Rene Benko, the fallen property tycoon whose Signa empire toppled in a series of high-profile insolvencies, has filed for insolvency at an Austrian court.
NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent
NYCB had $77.2 billion in deposits as of March 5, NYCB said in an investor presentation tied to the capital raise, down from $83 billion it had as of Feb. 5.
European Central Bank hints at June rate cut as it trims inflation forecast
Staff at the euro zone’s central bank released their closely-watched macroeconomic projections Thursday.
Big Tech goes from ‘teenager’ to ‘grown-up’ under landmark EU law. Here’s what you need to know
The EU Digital Markets Act officially became enforceable on Thursday, giving the European Commission sweeping new powers to rein in Big Tech.
Stock market bubble? Analysts explain why they’re not worried
Despite the heavy concentration of the U.S. market rally in expensive AI-focused tech stocks, Wall Street is not yet in bubble territory, analysts suggest.
Novo Nordisk shares jump 8% on promising weight loss trial results; Eli Lilly dips
Novo Nordisk shares climbed 8% on Thursday after the Danish pharmaceutical giant reported positive early trial data for a new weight loss drug.
Call center group Teleperformance falls 23%; CEO insists AI cannot replace human staff
“The day the customer is going to be a robot, maybe AI will replace the humans,” Daniel Julien told CNBC.
European stocks close 1% higher after ECB meeting; Stoxx 600 breaches 500-point level for first time
European markets moved higher Thursday as investors digested the European Central Bank’s latest interest rate decision.
Hugo Boss plunges 13% on pessimistic sales outlook
Shares of Hugo Boss plunged 13% Thursday, after the company warned that it may fail to meet its 2025 sales target.
CNBC Daily Open: No surprises for Wall Street from Powell
No news is, perhaps, good news as far as Wall Street is concerned.
