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Finance
Private payrolls growth slows to 152,000 in May, much less than expected, ADP says
Private job creation slowed more than expected in May, according to a report Wednesday from ADP that signals further sluggishness in the labor market.The payroll processing firm…
Ron Baron, big Tesla shareholder, supports Elon Musk’s $56 billion pay package
Ron Baron, founder of Baron CapitalAnjali Sundaram | CNBCBillionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk's…
Treasury yields rise as investors weigh economic data
U.S. Treasury yields were higher on Wednesday as investors considered the state of the economy amid a series of key data releases.At 3:30 a.m. ET, the yield on the 10-year Treasury…
European markets higher as investors look ahead to ECB meeting; Inditex up 5.2%
European Central Bank (ECB) President Christine Lagarde speaks as she presents the bank's Annual Report to the European Parliament, in Strasbourg, eastern France, on February 26,…
Goldman-backed Starling says no plans to pursue EU bank license, expansion to come from software
Raman Bhatia, incoming chief executive officer of Starling. Bhatia moved over from OVO Energy Ltd., where he was CEO. Zed Jameson | Bloomberg | Getty ImagesAMSTERDAM — Digital bank…
European Central Bank set to cut rates for the first time since 2019
President of the European Central Bank (ECB) Christine Lagarde arrives to address a press conference following the meeting of the governing council of the ECB in Frankfurt am Main,…
Citadel and BlackRock back project to start a national stock exchange in Texas
The Texas flag is seen before the game between the Houston Cougars and the Texas Longhorns at TDECU Stadium on Oct. 21, 2023 in Houston.Tim Warner | Getty Images Sport | Getty…
Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO
Westend61 | Westend61 | Getty ImagesAMSTERDAM, Netherlands — Financial technology startup Nium told CNBC Wednesday it raised $50 million in new funds from investors, and is…
Diamond industry ‘in trouble’ as lab-grown gemstones tank prices further
A diamond necklace in a Harrods department store in London.Leon Neal | Afp | Getty Images"A diamond is forever," but perhaps not for the increasing number of consumers spurning the…
The best banks in the Asia-Pacific region, according to customers
SINGAPORE — Customers in Asia-Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing environment.After a prolonged period of…