Signage ahead of the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 15th, 2024. Adam Galici | CNBC This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? … Read more
Improved financial performance at Vancouver-based retailer Aritzia sent the company’s stock soaring on Thursday morning by more than 20 per cent, though some experts warn the company isn’t out of the woods after a challenging year saw the company’s red-hot hype start to simmer down. The clothing chain announced its latest quarterly earnings on Wednesday after … Read more
By Todd Gillespie | Bloomberg Citigroup Inc. said it will eliminate 20,000 roles in a move that will save it as much as $2.5 billion as part of Chief Executive Officer Jane Fraser’s quest to boost the Wall Street giant’s lagging returns. Expenses company-wide are expected to drop to a range of $51 billion to … Read more
Canada’s big five banks are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group. Banks are using the term “sustainable finance” too broadly and not backing up the claims with data, Investors for Paris Compliance said in its submission Tuesday to … Read more
Goldman Sachs CEO David Solomon isn’t getting ready to fire you in the coming weeks — but he may convince you to show yourself the door. Insiders at the Wall Street giant say employees are on edge at the start of 2024 following a traumatic year that had kicked off with “David’s Demolition Day” — … Read more
These days, scams are more sophisticated than ever — and Andy Cohen just experienced it firsthand. On a recent episode of his Daddy Diaries podcast, the 55-year-old Radio Andy host opened up about recently being the victim of a scam, which began with an email from what appeared to be his bank’s fraud alert system. … Read more
As the curtains draw on a tumultuous year, 2023 leaves behind a tapestry of unraveled events, painting a world shrouded in uncertainty and grappling with an ominous glimpse of the future. In a kaleidoscope of occurrences that defy easy categorization, selecting defining images for an annual overview becomes a difficult task. To encapsulate the essence … Read more
2023 was marked by crisis, transition and conflict. As the war in Ukraine dragged into its second year, the EU was confronted with yet another conflict on its doorstep: The Israel-Hamas war, which brought fresh instability to the Middle East and exacerbated divisions between EU countries. Europe now heads into a big election year and … Read more
The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal. Sopa Images | Lightrocket | Getty Images LONDON — The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe’s largest banking centers closer together. British Finance Minister Jeremy … Read more
Wells Fargo employees at an Albuquerque, NM, branch voted to join a union on Wednesday, opening up a new frontier in the labor campaign against corporate America. Wells Fargo employees voted 5 to 3 in favor of joining the Communications Workers of America’s Wells Fargo Workers United, the union said. The vote stands “as a testament to workers in the financial services … Read more
