Business

People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. Niharika Kulkarni | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big […]

Chet Kapoor, chairman and CEO of DataStax. Datastax As a teen, Chet Kapoor dreamed of working for tech mogul Steve Jobs. One day, that dream became a reality when Kapoor was hired as an intern at software company NeXT, founded by Jobs. “Steve was this iconic individual and I didn’t know him … I was […]

(Reuters) – Boeing shareholders will vote on Friday whether outgoing CEO Dave Calhoun should remain on the board, adding intrigue to an annual general meeting (AGM) where investors are expected to seek clarity on future leadership of the planemaker. Former Qualcomm chief Steve Mollenkopf will make his first public appearance as chairman at the virtual […]

International Monetary Fund (IMF) Managing Director, Kristalina Georgieva (R), with Director of Strategic Communications Julie Kozack, speaks at a press briefing on the global policy agenda during the International Monetary Fund (IMF) and World Bank Spring Meetings at IMF headquarters in Washington, DC, on April 13, 2023.  Mandel Ngan | Afp | Getty Images The […]

(Bloomberg) — Stocks in Asia fell Friday after data from China showed fresh economic weakness and traders reassessed the path forward for US interest rates. Most Read from Bloomberg A gauge of the region’s equities declined for the first time in six sessions as stocks in mainland China, Australia and South Korea declined, while Japanese […]

Pictured here is a BYD factory producing new energy-powered trucks in Huai’an, China, on February 21, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust. Retail sales rose by 2.3% in April from a year ago, the […]

U.S. President Joe Biden announced a new 100% tariff on Chinese-made electric vehicles (EVs) on May 14 as part of a wider set of measures to protect U.S. producers from cheap and subsidized imports. The measure is designed to protect the likes of Tesla (NASDAQ:TSLA) and General Motors (NYSE:GM) from companies like BYD (NASDAQ:BYDDF), Li Auto […]

CNBC/Jamie Dimon Inflation may be higher for longer than people think, JPMorgan CEO Jamie Dimon told Bloomberg TV. Markets are too optimistic about inflation, interest rates, and the US economy, Dimon said. He added that rates were likelier to go higher than people might think. Markets underestimate inflation’s likely endurance, as an array of factors keep […]

Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat on quarterly results, former Walmart U.S. CEO Bill Simon warns they’ll be hard to keep. “The Walmart experience is better than it used to be, but it’s still not a premium experience. Walmart is built […]

Gone are the days when wine tasting was confined to local wineries or national borders. Today’s consumers crave authentic wine experiences in the land where it’s cultivated. In Europe, where the wine economy is predominantly export-driven, tasting rooms tend to be family-operated. That means there may be just one person serving visitors, and appointments are […]

The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images Reddit shares surged 11% in extended trading on Thursday after the social media company announced a partnership with OpenAI that will allow the […]