When London-based Revolut opens its virtual doors in America this year, it will be the latest European digital bank to challenge incumbent U.S. lending giants after forays by Monzo and N26, but the challenges it faces have not diminished.
The benchmark S&P 500 posted a record closing high on Wednesday as U.S. stocks rallied for a third straight day on encouraging U.S. economic data and waning fears of the financial fallout from the corona virus in China.
Texas Attorney General Ken Paxton, who is leading a multistate investigation into Alphabet Inc's Google unit, said on Wednesday he has not taken any possible punishment off the table, including breaking up the search and advertising giant.
Wall Street rallied for a third straight day on Wednesday after a clutch of positive data painted a stronger picture of the U.S. economy but the Nasdaq pulled back from record levels as losses in Tesla shares weighed.
Professional networking platform LinkedIn's chief executive officer, Jeff Weiner, said on Wednesday that he would step down from his position effective June 1.
The Federal Trade Commission alleged that online marketplace LendEDU, which compares loans, credit cards and insurance for consumers, engaged in a pay-to-play scheme that distorted its rankings and misled the public.
Investor William Ackman told clients on Wednesday that Pershing Square Capital Management exited its Starbucks Corp position as future growth looks less robust but will stick with last year's biggest winner, Chipotle Mexican Grill Inc. .
A superior labor court in Sao Paulo state ruled on Wednesday that there is no employment relationship between Uber and its drivers, siding with the ride hailing company against a driver in the Guarulhos district.
The strong start to 2020 for utilities extended a run of outperformance for the sector that began in 2018.
The Federal Reserve is looking at a broad range of issues around regulations and protections for digital payments and currencies, including the costs and potential benefits of issuing its own digital currency, Governor Lael Brainard said on Wednesday.
"We've arrived at that price by weighting the probabilities of 10 different scenarios, including bankruptcy, to be honest," Ark Investment Management CEO Catherine Wood told CNBC.
Asian stocks edged up on Thursday, cheered by record closes in Wall Street benchmarks after encouraging economic data, although investors kept a wary eye on the developments in the coronavirus outbreak.
Toyota Motor Corp on Thursday raised its forecast for annual operating profit by 4.2% due to a slightly weaker yen.
China said on Thursday it will halve additional tariffs levied against 1,717 products imported from the United States last year, following the signing of a Phase 1 trade deal that brought a truce to a bruising trade war.
KFC licensee Yum China said it could report an operating loss in the first quarter and take a significant hit to sales and productivity due to a coronavirus outbreak in China, after it was forced to shut nearly a third of its stores.