Sarah Kapnick started her career in 2004 as an investment banking analyst for Goldman Sachs. She was struck almost immediately by the overlap of financial growth and climate change, and the lack of client advisory around that theme. Integrating the two, she thought, would help investors understand both the risks and opportunities, and would help…
Customers look at BYD electric cars at an auto show in Yantai, in eastern China’s Shandong province on April 10, 2025. Stringer | Afp | Getty Images BEIJING — Competition in China’s electric car market just got fiercer with consequences for the domestic economy and even the global auto market. Industry giant BYD last week…
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe | Bloomberg via Getty Images Klarna saw its losses jump in the first quarter as the popular buy now, pay later firm applies the brakes on a hotly anticipated U.S. initial public offering. The Swedish payments…
Downtown Beijing on May 2, 2025. Greg Baker | Afp | Getty Images BEIJING — Alibaba, Tencent and JD.com reported earnings this week that not only reflected improving Chinese consumer spending, but also the growing benefits of artificial intelligence in advertising. E-commerce giant Alibaba said late Thursday its Taobao and Tmall group sales rose by…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Microsoft co-founder Bill Gates announced one week ago that he would give away “virtually all” of his wealth over the next…
Omar Marques | Sopa Images | Lightrocket | Getty Images Shares of stock brokerage platform eToro popped in their Nasdaq debut on Wednesday after the company raised almost $310 million in its initial public offering. The stock opened at $69.69, or 34% above its IPO, pushing its market cap to $5.6 billion. Shares were last up…
Omar Marques | Sopa Images | Lightrocket | Getty Images EToro, a stock brokerage platform that’s been ramping up in crypto, has priced its IPO at $52 a share, as the company prepares to test the market’s appetite for new offerings. The Israel-based company raised nearly $310 million, selling nearly 6 million shares in a…
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images Coinbase shares soared 24% on Tuesday, their sharpest rally since the day after President Donald Trump’s election victory, following the crypto exchange’s inclusion in the…
ESPN’s new streaming application, featuring everything the sports media arm of Disney has to offer, will cost $29.99 per month. The service, which will take the ESPN name, as CNBC reported last week, will be heavily discounted when bundled with Disney’s other streaming services, Disney+ and Hulu. The three services, with ads, will cost $35.99…
The app icons for Revolut and Monzo displayed on a smartphone. Betty Laura Zapata | Bloomberg via Getty Images Financial technology firms were initially the biggest losers of interest rate hikes by global central banks in 2022, which led to tumbling valuations. With time though, this change in the interest rate environment steadily boosted profits…
