DLocal is one of Latin America’s most prominent payment players. It specializes in cross-border payments for emerging markets such as Brazil, Mexico, Colombia and its home country, Uruguay. Sopa Images | Lightrocket | Getty Images LONDON — Uruguayan payments firm dLocal has secured a U.K. payment institution license, adding to the company’s growing portfolio of…
Pictured here is the Grand Indonesia shopping mall in Jakarta on Friday, Jan. 5, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — Huawei spinoff Honor announced Tuesday it plans to launch smartphone sales in Indonesia by the end of March, becoming the latest Chinese company to enter a market that has banned Apple’s iPhone…
After Akio Toyoda, CEO and President of Toyota, announced he was stepping down on Thursday, he shared his advice to his successor and his business philosophy. Photo by Yoshikazu Tsuno | Gamma-rapho | Getty Images LAS VEGAS — Toyota Motor is exploring the development and production of orbital rockets, Chairman Akio Toyoda said Monday. The…
Check out the companies making headlines in midday trading. FuboTV — The streaming provider soared 251% after confirming it struck a deal to combine its online live TV businesses with Walt Disney . The new venture will be 30% owned by Fubo and 70% by Disney and form the second-largest digital pay-TV provider after YouTube…
Melkinimages | E+ | Getty Images Target-date funds are a way for 401(k) participants to put their retirement savings on autopilot — and they capture the lion’s share of investor contributions to 401(k) plans. About 29% of assets in the average 401(k) plan were held in TDFs as of 2023, according to the Plan Sponsor…
Former New York Giants quarterback Eli Manning would consider becoming a minority owner of his old team if the Mara family is willing to sell him a stake. “It’s definitely something of interest,” said Manning, who spoke in a CNBC Sport interview. “There’s probably only one team I’d be interested in pursuing, and it’s the…
The Federal Reserve’s top banking regulator will be stepping down next month, paving the way for President-elect Donald Trump to name a replacement and heading off a potential confrontation between the two. Michael Barr’s resignation from the position, which is formally called the vice chair for supervision, takes effect as of Feb. 28, though he…
The FuboTV app on a television arranged in New York, US, on Wednesday, Feb. 21, 2024. Gabby Jones | Bloomberg | Getty Images Disney will combine its Hulu+ Live TV service with Fubo, merging together two internet TV bundles, the companies announced on Monday. Disney will become majority owner of the resulting company — the…
Beijing-based robot vacuum maker Roborock revealed a new model in January 2025 with an artificial intelligence-powered folding arm for removing obstacles. CNBC | Evelyn Cheng BEIJING — Chinese robot vacuum cleaner company Roborock revealed a new model on Monday that comes with a folding arm for removing socks and other obstacles — a feature powered…
Analysts are pointing to Hong Kong-traded Air China as the leading turnaround candidate among struggling Chinese airlines. China has been far slower than the U.S. to recover from the shock of the 2020-2023 pandemic as the world’s second-largest economy faces its own unique challenges. But among several analysts, ranging from DBS to Citigroup, Beijing-based Air…
