business news

Ron Baron, big Tesla shareholder, supports Elon Musk’s $56 billion pay package

Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk’s controversial…

Dubai Mall, one of the world’s largest, is getting even bigger with a $400 million expansion

DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get…

Goldman-backed Starling says no plans to pursue EU bank license, expansion to come from software

AMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue international expansion through…

Citadel Securities and BlackRock back project to start a national stock exchange in Texas

BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas.…

Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO

AMSTERDAM, Netherlands — Financial technology startup Nium told CNBC Wednesday it raised $50 million in new funds from investors, and…

The best banks in the Asia-Pacific region, according to customers

SINGAPORE — Customers in Asia-Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing…

Watch: President Joe Biden delivers remarks on new U.S.-Mexico immigration executive order

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Biden’s new immigration executive order could tighten labor markets, but ease supply chain bottlenecks

President Joe Biden’s new executive order tightening asylum limits at the U.S.-Mexico border could have the double-edged economic effect of…