Economy

Apple CEO Tim Cook gestures during the annual developer conference event at the company’s headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | Reuters Apple could launch a connected ring to rival Samsung by 2026, according to CCS Insight, adding to the U.S. tech giant’s focus on health. The call is part of […]

The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images South Korean tech giant Samsung Electronics said it expects worse-than-expected profit for the third quarter. In guidance released Tuesday, the world’s […]

One of the key reasons renters are getting caught in the crossfire of the mortgage rates is that it is increasing rental demand, said Oliver Knight, head of residential development research at real estate firm Knight Frank.Oscar Wong | Moment | Getty ImagesLONDON — Mortgage rates are soaring in Britain, and many are now questioning… […]

Ukraine’s President Volodymyr Zelensky (R) shakes hands with Lithuania’s President Gitanas Nauseda (2nd L) next to (L-R) Spain’s Prime Minister Pedro Sanchez, Turkey’s President Recep Tayyip Erdogan, US President Joe Biden Italy’s Prime Minister Giorgia Meloni and NATO Secretary General Jens Stoltenberg at a meeting of the NATO-Ukraine Council during the NATO Summit on July… […]

Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, February 2, 2023. Pool | ReutersLONDON — Market expectations are split over the Bank of England’s next monetary policy move on Wednesday, as policymakers near a tipping point in their fight… […]

The Bank of Japan has pushed back on speculation its recent policy adjustment marked the start of a tightening cycle.Deputy Governor Shinichi Ichida on Wednesday reiterated the central bank’s flexible threshold for tolerance on long-term bond yields is merely a necessary modification to sustain its ultra-easy monetary policy position.On Friday, the BOJ unexpectedly loosened its… […]

From across the globe, spanning a diverse range of applications in finance — these are the world’s top 200 fintech companies.Together, CNBC and independent market research firm Statista worked to compile a comprehensive list of companies building innovative, tech-enabled and finance-related products and services.The partnership set out to list the top fintech companies using a… […]

Google and Facebook parent Meta are some of the companies that have laid off workers in recent months.Beata Zawrzel | Nurphoto | Getty ImagesFrom the U.S. to Europe and Asia, global tech giants from Microsoft and Google, to Amazon, SAP and more have laid off thousands of employees since the start of the year.That’s despite… […]

KIEV, UKRAINESOPA Images | LightRocket | Getty ImagesVideo game publisher Activision Blizzard increased representation of women and non-binary people by 2 percentage points from November 2021 to December 2022, according to data shared with CNBC.The company said women and non-binary employees represented 24.3% of its workforce in November 2021 but that figure has increased to 26.3%… […]

People pass by the Pfizer headquarters building in New York City, Jan. 29, 2023. Kena Betancur | View Press | Corbis News | Getty Images Activist investor Starboard Value has a roughly $1 billion stake in pharmaceutical giant Pfizer and is seeking to mount a turnaround at the struggling companyaccording to people familiar with the […]