Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesLONDON — The boss of British financial technology giant Revolut told CNBC he is optimistic about the company's chances of being granted a U.K. banking license, as a jump in users saw the firm report...
Category: Finance
Growth, value stocks could see boost from Russell rebalancing
A bullish move may be ahead for both value and growth in the year's second half.VettaFi's Todd Rosenbluth thinks value stocks, which have been market laggards, could get a lift from one of the biggest Wall Street events of the year: the FTSE Russell's annual rebalancing."It's worth paying attention to...
IMF says Fed should hold interest rates where they are until ‘at least’ end of year
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during the 2024 CNBC CEO Council Summit in Washington, D.C. on June 4, 2024.Shannon Finney | CNBCThe Federal Reserve should wait to cut interest rates until "at least" the end of the year, according to the head of the International Monetary...
The yuan’s status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023.Athit Perawongmetha | ReutersDALIAN, China — For China's yuan to be used more globally, the currency needs more "applications" such as for stocks and bonds, Bonnie Chan,...
The stock market is in its longest stretch without a 2% sell-off since the financial crisis
Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 11, 2024.Angela Weiss | Afp | Getty ImagesWall Street's climb to record highs has come with conspicuously little volatility.The S&P 500 has gone 377 days without a 2.05% sell-off. That's the longest stretch for...