Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
Citigroup CEO Jane Fraser announced one of the largest moves to cut headcount at a major U.S. bank in recent years.
Beer market isolated from supply chain woes, CEO of Budweiser-maker AB InBev says
The CEO of AB InBev told CNBC the brewing giant was monitoring trade disruption in the Suez Canal.
JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
JPMorgan is watched closely for clues on how banks fared amid volatile interest rates and rising loan losses.
Crypto bulls see bitcoin flying above $100,000 after ETF approval
Crypto bulls say bitcoin could surge to more than $100,000 this year after the SEC made a pivotal step to approve the first-ever U.S. spot bitcoin ETF.
Middle East crisis: Houthis say U.S., U.K. will pay a ‘heavy price’ after Yemen strikes
The U.S. and U.K. carried out strikes against targets in Yemen, escalating tensions sparked by a spate of Houthi maritime attacks in the Red Sea.
White House says U.S. Ukraine assistance has ‘ground to a halt’; UK announces increased drone funding
National Security Council Spokesperson John Kirby said Washington had “issued the last drawdown package that we had funding to support.”
Taiwan’s strength in semiconductors could be its ‘Achilles heel,’ economist says
Taiwan’s economy should plan to diversify away from semiconductors and encourage more industries to grow, an economist told CNBC.
Ukraine and Russia say they want the war to end. But military and political experts say they’re nowhere near peace talks
Ukraine is set to pitch its peace plan for ending the war with Russia. But military and political experts say neither Russia nor Ukraine is ready for talks.
Chinese rival to Apple’s Vision Pro raises $70 million, doubles down on new strategy to win consumers
Chinese augmented reality glasses company Rokid announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city.
Japan wants higher returns for investors — here’s what it’s doing
Prime Minister Fumio Kishida’s wants to transform Japan Inc into an attractive investment for foreigners and locals to create jobs and generate returns for retirement savings.
