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Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand

This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.
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JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank

The escalation shows how American banks are struggling to navigate American sanctions...

Klarna scores major payment deal with Uber ahead of hotly anticipated IPO

The global deal will see Klarna added as a payment option on the Uber and Uber Eats apps in the U.S., Germany, and...

U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao

U.S. prosecutors on Tuesday recommended an above-guidance, 36-month sentence for former Binance CEO Changpeng Zhao.
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China may have to brace for a new wave of bond defaults, S&P says

China might see a new wave of bond defaults as soon as next year — the third round in about a decade, according to an S&P Global...

China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner

Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than...

Philippines orders removal of Binance from Google and Apple app stores

The Philippines' Securities and Exchange Commission sent letters to Google and Apple requesting the removal of Binance apps...

Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending

One's expanding role at Walmart raises the possibility that the company could force Affirm and...

Consumers may soon get access to a share of $8.8 billion in Inflation Reduction Act home energy rebates

Home Energy Rebates funding should start flowing to many consumers within months after the...

Here's where the world's top 0.001% are putting their money, according to wealth experts

There are about 28,420 centimillionaires globally, largely concentrated in New York City, the Bay Area, Los...

'Big change' in global growth is bullish for commodities including copper, says VanEck CEO

VanEck CEO Jan van Eck thinks the commodities' rally has more room to run.

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If you’re investing in the AI theme for the long haul, here’s how to pick the winners

The excitement behind artificial intelligence is far from over. How to make smart decisions when investing...

China's fiscal stimulus is losing its effectiveness, S&P says

China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P...

National Park Week is coming up — and that means free entry for visitors

Visitors get free admission to all national parks on April 20.

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Why semiconductors could be the most efficient artificial intelligence play

High demand and a competitive moat could position AI chipmakers for lasting outperformance, experts say.

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Global police agencies take down massive scam website that defrauded thousands of victims

Britain's Metropolitan Police said in a statement Thursday that the LabHost website was used by 2,000...

TSMC beats first-quarter revenue and profit expectations on strong AI chip demand

TSMC is the world's largest producer of advanced processors and counts companies such as Nvidia and Apple as its...

Wall Street pushes out rate-cut expectations, sees risk they don't start until March 2025

Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility...

Regional bank earnings may expose critical weaknesses, former FDIC Chair Sheila Bair warns

Sheila Bair, who ran the FDIC during the financial crisis, is nervous about a handful of regional banks...

K-pop stocks have sold off this year, but Goldman sees a turnaround

The K-Pop market is 'misunderstood', says Goldman Sachs, and it is on track for further growth in its global fanbase

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Fed Chair Powell says there has been a 'lack of further progress' this year on inflation

Powell said that while inflation continues to make its way lower, the current state of policy should remain...

Who should pay for the first date? Dating coaches and a couples therapist weigh in

Dating experts say the man in heterosexual couples should generally pay the check.

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Morgan Stanley tops expectations on wealth management, trading and investment banking results

How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?

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Bank of America is set to report first-quarter earnings — here’s what Wall Street expects

Will Bank of America follow rivals in posting better-than-expected Wall Street revenue?

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Freetrade, Britain's answer to Robinhood, posted its first quarterly profit

British stock trading app Freetrade hit breakeven earlier this year, the company told CNBC, marking its first-ever move...