CNBC
-
Bitcoin could soar to $150,000 this year, hedge fund manager Mark Yusko predicts
Investors should have at least 1% to 3% allocated to bitcoin in their portfolios, Morgan Creek Capital Management CEO Mark Yusko says.
-
Huawei's profit doubled in 2023 as smartphone, autos business picked up
Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings.
-
Xiaomi releases electric car $4K cheaper than Tesla's Model 3 as price wars heat up
Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla's Model 3, as price wars heat up in China's...
-
UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck
UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant.
-
China's Xi meets U.S. executives as businesses navigate bilateral tensions
U.S. business leaders met with Chinese President Xi Jinping, the latest of Beijing's efforts to bolster foreign investment in China amid tensions...
-
China's economy is on track for 'strong' March performance, survey says
China's economy is ending the first quarter on a "strong" note, according to a business survey published by the China Beige Book on Thursday.
-
Crypto is ‘like cayenne pepper’ for investors, money manager says: 'A little goes a long way'
Investors who hold cryptocurrency like bitcoin only need to allocate a small share of their money to the digital assets to reap benefits, experts say.
-
Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet
Amazon is spending billions more to back an artificial intelligence startup as it looks for an edge in this new technology arms race.
-
The UK is regulating memes about crypto and other investments to curb scams from 'finfluencers'
The Financial Conduct Authority said marketing for financial products — including those expressed in memes — should be fair, clear, and not...
-
Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a...