Shark Tank investor Kevin O’Leary predicts the ongoing cycle of U.S. Federal Reserve rate hikes could lead to more regional U.S. bank failures. Fed Chair Jerome Powell said the Fed is not yet fully confident that inflation is defeated even though recent headline reads show that price increases have cooled …

Silhouettes of laptop users are seen next to a screen projection of Microsoft logo in this photo illustration. Dado Ruvic | Reuters European Union regulators on Thursday opened an antitrust investigation into Microsoft’s bundling of its video and chat app Teams with other Office products. The European Commission, the EU’s …

Singapore’s United Overseas Bank is expecting “some upside” in interest income in the next quarter, after the U.S. Federal Reserve announced a fresh rate hike overnight. UOB’s core net profit jumped 35% to 1.5 billion Singapore dollars ($1.13 billion) in the second quarter from a year ago. Its net interest …

Barclays bank reported second quarter earnings Thursday. Bloomberg | Bloomberg | Getty Images Barclays reported a net income of £1.3 billion ($1.68 billion) for the second quarter, in line with expectations, despite slower momentum in investment banking. Analysts were expecting a net income of £1.4 billion for the quarter, according …

Christine Lagarde, president of the European Central Bank. Bloomberg | Bloomberg | Getty Images FRANKFURT — The European Central Bank is set to hike rates once again on Thursday with market analysts certain that the Frankfurt intuition is nearing a peak despite inflation remaining stubbornly high. The ECB will more …

A worker cools off while working in a street during a heatwave in Sevilla, in the southern Spanish region of Andalusia, on July 17, 2023. Cristina Quicler | Afp | Getty Images SEVILLE, Spain — The day-to-day reality of scorching summer heat in Spain is taking its toll. A spate …

BEIJING — China-focused venture capital and other private investment funds have had a slow start to the year and are set to drag down Asia-Pacific fundraising to the lowest in 10 years. That’s according to a second-quarter update Thursday from Preqin, an alternative assets research firm. Alternative assets include venture …

The BlackRock logo is displayed at their headquarters on November 14, 2022 in New York City. BlackRock and Saudi Arabia’s sovereign wealth fund signed an agreement to jointly explore infrastructure projects in the Middle East. Leonardo Munoz | Getty Images BlackRock has joined forces with the financial services arm of …

People walk past an Amazon Fresh store in Washington, DC, on August 26, 2021. Nicholas Kamm | AFP | Getty Images Amazon is cutting some jobs at its Fresh grocery stores, CNBC has confirmed. The company said it’s restructuring the in-store staffing and operations model at its Amazon Fresh stores …

Globally, nearly one in five workers say they’ve been passed over for business trips — not because of costs or lack of seniority, but because of the way they speak.  In a survey of 3,850 business travelers in 25 markets, 18% of men and 16% of women said they felt …