New York sues Citibank for alleged failure to reimburse fraud victims
New York Attorney General Letitia James on Tuesday sued Citibank for allegedly failing to protect and reimburse victims of electronic…
IMF upgrades global growth forecast, citing U.S. resilience and policy support in China
The International Monetary Fund on Tuesday nudged its global growth forecast higher, citing the unexpected strength of the U.S. economy…
Fahmi Quadir, short seller nicknamed ‘The Assassin,’ takes aim at for-profit college giant Adtalem
WASHINGTON — Short seller Fahmi Quadir has found her new target: The $2 billion market cap Adtalem Global Education, a…
Stocks are the ‘asset class of choice’ as markets are now used to bad news, strategist says
Geopolitical risks may be mounting, but stocks are still the “asset class of choice,” according to Beat Wittmann, partner at…
Euro zone economy narrowly skirts recession, stagnates in fourth quarter
The euro zone economy stabilized in the fourth quarter of 2023, flash figures published by the European Union’s statistics agency…
Absurd to believe Russia will invade other countries, Moscow says; Kyiv says it has destroyed Su-34 jet
This was CNBC’s live blog tracking developments on the war in Ukraine. See here for the latest updates. Regional officials…
Former Pakistan Prime Minister Imran Khan sentenced to 10-year jail term
Former Prime Minister of Pakistan Imran Khan has been sentenced to 10 years in jail on charges of leaking state…
Alibaba-backed Xreal, rival to Apple’s Vision Pro, claims it’s now an AR glasses unicorn
BEIJING — Alibaba-backed augmented reality glasses company Xreal said Monday it received $60 million in new funding, giving the company…
DOJ and SEC unveil charges in $1.9 billion HyperFund cryptocurrency fraud
The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person…
