Oracle is on pace for its best week since 2021, and the rally lifted founder Larry Ellison’s net worth past Jeff Bezos for a brief period on Friday.
China raising its retirement age may be unpopular but it’s much needed, analysts say
Economists have long called for an overhaul of the nation’s retirement age laws, currently among the world’s lowest, that was set in an era with lower life expectancies.
Billionaire investor John Paulson says the Fed can ‘move aggressively’ on rate cuts
The hedge fund veteran discussed his outlook for the Federal Reserve and his bullish view on gold.
Canada and New Zealand are among the 10 best countries for a comfortable retirement—the U.S. didn’t make the list
U.S. News and World Report ranked the countries based on an international survey of nearly 17,000 people.
UK regulator finds Vodafone and Three merger would lead to price rises, seeks remedies for deal
The U.K. Competition and Markets Authority (CMA) said the Vodafone and Three U.K. merger would lead to price increases for tens of millions of customers.
British government had ‘constructive’ talks with Musk’s X over disinformation, minister says
The U.K. government has had “constructive” talks with X over the spread of misinformation and other harmful content, technology minister Peter Kyle told CNBC.
How a U.S. spy tapped into Russian communication lines
On the latest episode of CNBC’s “The Crimes of Putin’s Trader” podcast, Eamon Javers interviews an American spy who risked his life for Russian intel.
How to Think About Risk: Howard Marks’s Comprehensive Guide
Howard Marks’s approach to risk emphasizes the importance of understanding risk as the probability of loss, not volatility, and managing it through careful judgment and strategic thinking.
India’s EV conundrum: To invest in cars or charging points first
India wants 30% of newly registered private cars to be electric by 2030. But out of around 4.2 million passenger vehicles sold last year, less than 2.5% were EVs, according to Bain & Company.
Asia-Pacific markets mixed as China rebounds from six-year low, Australia nears all time high
Investors will react to August inflation figures out from India, which showed the consumer price index rose 3.65% year on year, rising from a five-year low.