U.S. payments giant Visa said Tuesday that it received approval to prepare to set up a bank card clearing business in China, a move that could allow Visa to compete for a share of the country’s large payments market. Some analysts see the development as an encouraging sign for American businesses following Chinese leader Xi […]
The House speaker stood before Donald Trump during his first term at the White House and pointed a finger, declaring that with this president, “All roads lead to Putin.” The stark assessment years ago from Nancy Pelosi echoed anew after Trump’s surprise announcement last week that he struck a deal with Russian President Vladimir Putin […]
The latest innovations and breakthroughs in health care don’t get routed to the sickest people, they usually go to the deepest pockets. “Most of the venture money in health care goes into where the money is, and the money isn’t in Medicaid,” Centene CEO Sarah London said on Monday at the Fortune Most Powerful Women […]
Here are Tuesday’s biggest calls on Wall Street. by CNBC
Pharmaceutical sales jumped 7.7% in the quarter to $16.76 billion, but medical technology division sales rose just 2.5% to $8.6 billion. by CNBC
IMF Chief Kristalina Georgieva warned AI is hitting the global labor market like a “slow-moving tsunami,” with young workers entering the job market the most exposed. by CNBC
Follow live bank earnings coverage for JPMorgan, Wells Fargo, Goldman Sachs and Citigroup, with third-quarter results, calls and stock moves. by CNBC
Social Security’s cost-of-living adjustment will boost retirees’ monthly budgets. But will it be enough?
Many asset allocators are waiting for bond yields to hit 6% before they flip the switch from equities to fixed income, but a significant portion are already making the transition.
The four-year bull market in stocks is riding high because of the AI boom. But it’s also increasing the cost of money.
