Home / 2023 / September (page 12)

Monthly Archives: September 2023

UK PM Rishi Sunak announces shift on climate policies, waters down targets

U.K. Prime Minister Rishi Sunak speaks to the media during his visit to Shell St Fergus Gas Plant in Peterhead on July 31, 2023 in Aberdeenshire, Scotland. Wpa Pool | Getty Images News | Getty Images LONDON — U.K. Prime Minister Rishi Sunak on Wednesday said his government would take …

Read More »

FTC and 17 states sue Amazon on antitrust charges

The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon. In a sweeping complaint filed in federal court in Seattle on Tuesday, the FTC and attorneys general from 17 states accused Amazon of wielding its “monopoly power” to inflate prices, degrade quality for shoppers and unlawfully exclude rivals, …

Read More »

‘Private equity is now king’ for the ultra-rich, says Tiger 21, an exclusive club of investors

Michael Sonnenfeldt, Tiger 21 Scott Mlyn | CNBC Private equity is currently “king” among members of Tiger 21 — a network of ultra-high net worth entrepreneurs and investors — according to its founder and chairman, Michael Sonnenfeldt. The private equity industry had an especially tough 2022 after a decade-long bull …

Read More »

Fed rate decision September 2023: Leaves rates unchanged

The Federal Reserve held interest rates steady in a decision released Wednesday, while also indicating it still expects one more hike before the end of the year and fewer cuts than previously indicated next year. That final increase, if realized, would do it for this cycle, according to projections the …

Read More »

Sweden’s central bank raises rates to 4%, in line with expectations

Sweden’s central bank hiked interest rates for the eighth consecutive time on Thursday, taking the main rate to 4%, as the country continues to battle high inflation. The quarter-point increase is in line with the expectations of analysts polled by Reuters. Sweden’s headline inflation, which excludes energy costs, slowed more …

Read More »

‘It’s not going to work’

Applying to jobs can feel like a numbers game, and there’s no shortage of hacks to try and get your resume into the hands of a hiring manager. But one so-called tip that’s gone viral on TikTok several times over may not be so foolproof. The hack, known as “white …

Read More »

JPMorgan’s UK digital bank blocks customers from buying crypto

Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images Chase UK, the British challenger bank brand of JPMorgan, has blocked customers in the U.K. from purchasing crypto assets. The company said in a statement Tuesday that, …

Read More »

Chinese electric car maker Nio releases an Android smartphone

SHANGHAI — Chinese electric car brand Nio on Thursday released an Android smartphone, which the company expects at least half its users to buy, CEO William Li told CNBC in an exclusive interview ahead of the launch. The phone, priced from around $900 to $1,000, is an Android device that’s …

Read More »

Germany needs structural change to prevent a shift to the right, Commerzbank CEO says

The sun sets behind the lignite-fired power plant of Boxberg on August 18, 2023 in Neuliebel, Germany. Florian Gaertner | Photothek | Getty Images Germany needs to implement structural changes if it wants to prevent a political shift to the right, Commerzbank CEO Manfred Knof told CNBC at the Handelsblatt …

Read More »

Sen. Bob Menendez of New Jersey and his wife charged with bribery

U.S. Sen. Bob Menendez of New Jersey and his wife were indicted in New York on federal bribery charges for allegedly accepting hundreds of thousands of dollars in cash, gold bars, a Mercedes-Benz convertible, home mortgage payments, and more in a “corrupt relationship” with three Garden State businessmen. The three-count …

Read More »