Goldman Sachs says these China stocks can win even if there’s a repeat of...
The China playbook is changing, after decades of rapid growth. Whether the country is headed toward an extreme of Japan-style stagnation remains to be seen. China's attempt to transition to what Beijing calls high-quality growth will take time to play out. Goldman Sachs calls...
Why spot ETFs may be a game changer for bitcoin
The Securities and Exchange Commission's approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing.Ark Invest CEO and Chief Investment Officer Cathie Wood is behind one of the new ETFs. Her firm partnered with 21Shares to launch the ARK...
Stocks making the biggest moves premarket: Tesla, Delta, Qualcomm, Bank of...
Check out the companies making headlines in premarket trading. Tesla — Shares of the electric vehicle company fell more than 3% in premarket trading after Tesla cut prices on both the Model 3 and the Model Y in China a day earlier. Tesla also said its production plant in Berlin...
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate...
Citigroup CEO Jane Fraser at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023.Adam Galica | CNBCCitigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank's results and stock price.About 20,000 employees will be let go over the...
Bill Ackman is creating an activist organization to fight antisemitism, reform...
Hedge fund billionaire Bill Ackman, who recently fought a high-profile battle against Harvard University, said Friday that he's starting an activist organization to fight antisemitism and reform higher education."It's going to be a 'think-and-do tank.' It's going to be an...