After stepping down and pleading guilty to federal charges, former Binance CEO Changpeng Zhao has named a successor.
Kategorie-Archiv: CNBC Financial News
Fed gave no indication of possible rate cuts at last meeting, minutes show
The Federal Reserve on Tuesday released minutes from its Oct. 31-Nov. 1 policy meeting.
Nvidia’s revenue triples as AI chip boom continues
Nvidia called for accelerating revenue growth in the next quarter, even as executives warn that government limits on sales to some countries will hurt results.
Clothing rental service Nuuly reaches profitability, beating rival Rent the Runway to the benchmark
Urban Outfitters‘ clothing rental service Nuuly has turned its first profit since its launch in 2019, rivaling the performance of competitor Rent the Runway.
Nordstrom sales come up short, echoing broader retail industry pressures
Nordstrom stressed progress it’s made by clearing through inventory and reducing markdowns.
Chinese tech giant Baidu’s shares rise 2% after revenue beat
Chinese tech giant Baidu reported third-quarter revenue that beat expectations, although growth was slower than during the previous three months.
Plaid taps Adyen executive to lead its European operations
U.S. financial technology firm Plaid has hired Brian Dammeir, a former Adyen executive, as its new head of Europe, the company told CNBC exclusively.
China’s property sector needs more government support as crisis deepens
China’s property market, which makes up a substantial chunk of the country’s economy, needs more government support to prevent further deterioration, analysts said.
Most Americans tip 15% or less at a restaurant — and some tip nothing, poll finds
Traditional etiquette is to tip 15% to 20% for a sit-down meal. Many Americans seem to disagree.
Abercrombie & Fitch raises outlook after quarterly sales surge 20%
Abercrombie & Fitch, known for its „quiet luxury“ assortment, blew past estimates again and raised its full-year guidance.