Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | Reuters HSBC on Thursday announced it has proposed to privatize Hang Seng Bank, in which it holds a controlling stake, valuing the bank at more than 290 billion Hong Kong dollars ($37 billion). HSBC has…
Traders work on the floor of the New York Stock Exchange. NYSE S&P 500 futures are near flat on Wednesday night after the benchmark index rose to all-time highs. Futures tied to the broad index traded around its flatline, as did Nasdaq 100 futures. Dow Jones Industrial Average futures rose 17 points, also sitting near…
Small caps may have climbed to all-time highs, but investors shouldn’t expect a repeat performance, according to Trivector Research. The Russell 2000 has rallied to all-time highs after clearing its prior record going all the way back to November 2021. It topped 2,500 for the first time this week, and it’s up more than 10%…
A worker checks the valve of an oil pipe at Nahr Bin Umar oil field, north of Basra, Iraq. Essam Al-Sudani | Reuters Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its giant Majnoon oilfield and expand oil exports, government officials and sources said, marking the U.S. major’s return to the…
President of France Emmanuel Macron prepares to deliver a speech during a state banquet at Guildhall on July 9, 2025 in London, England. President Emmanuel Macron and Mrs Brigitte Macron are in the U.K. for the first visit state visit made by France in 17 years. They stayed at Windsor Castle, hosted by King Charles…
A farmer cutting a cocoa pod to collect the beans inside on a farm in Azaguie, Ivory Coast, on Friday, Nov. 18, 2022. Bloomberg | Bloomberg | Getty Images Cocoa’s winning streak is faltering after prices fell to an almost two-year low this week — but investment banks are warning the commodity has become “extremely…
AST SpaceMobile on Wednesday announced a deal with Verizon to provide cellular service from space beginning next year. This deal aims to bring direct-to-service connection via space to cell phone users “when needed” on Verizon plans, according to AST. It marks an expansion of a partnership between the two companies announced last year. AST shares…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Foreign investors have struggled to decipher if China can deliver the kind of returns that once seemed assured, especially in the fickle world of consumer…
The BMW brand logo can be seen on the BMW four-cylinder (also known as the BMW tower and BMW high-rise), the main administration building and landmark of the vehicle manufacturer BMW. Picture Alliance | Picture Alliance | Getty Images Shares of Europe’s biggest carmakers traded lower on Wednesday, amid concern that the European Union’s latest…
Gold has scaled a new peak, smashing past $4,000 an ounce, a milestone that’s set Wall Street abuzz. As the metal hits new highs, veteran hedge fund manager Ray Dalio has urged investors to allocate as much as 15% of their portfolio to gold, as debt levels, inflation and government spending erode confidence in paper…
