Finance

An electric scooter from Swedish tech start-up Voi Technology. Voi Technology Swedish electric scooter sharing start-up Voi Technology has raised $85 million from investors, a move the firm hopes will help it reach profitability in the next few years. The new round was led by Stockholm-based investment group Vostok New Ventures, Voi said Monday. Existing

A Goldman Sachs sign is seen on at the company’s post on the floor of the New York Stock Exchange. Brendan McDermid | Reuters The New York Department of Financial Services is launching an investigation into Goldman Sachs’ credit card practices after a tech entrepreneur accused the bank’s Apple Credit Card algorithm of discriminating against

US Federal Reserve Governor Lael Brainard attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images Along with all of the other things it must consider, the Federal Reserve needs to take into account climate change when formulating monetary policy, Fed

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) “You are what your record says you are,” said former football coach Bill Parcells, offering a no-excuses maxim of accountability tied to tangible results. So, what does the stock market’s recent rally

Jeff Bezos CEO of Amazon. Joe Klamar | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) The Dow, S&P 500 and Nasdaq all hit all time record-highs this week and if investors are looking at what

President Donald Trump holds a campaign rally in Dallas, October 17, 2019. Jonathan Ernst | Reuters Progress in trade talks and a steady, but accomodative Fed policy have eased the way for the stock market’s rally to new highs, and both will be in the forefront when President Donald Trump and Jerome Powell speak at

Dow Jones Industrial Average rises 6 points S&P 500 extends weekly win streak to 5 The S&P 500 posted its fifth straight weekly gain while the Dow rose for a third consecutive week. The Nasdaq, meanwhile, notched its sixth straight weekly gain. The major averages also hit record highs this week as sentiment around U.S.-China

Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, October 2, 2019. Kate Munsch | Reuters Bitcoin’s buzz may have faded but Andreessen Horowitz is still betting on cryptocurrency and its underlying technology. The Silicon Valley venture capital firm is launching a school to coach entrepreneurs on

A child receives a vaccination shot at a hospital in Huaibei in China’s eastern Anhui province on July 26, 2018. – | AFP | Getty Images SHANGHAI – Some of the world’s largest medical and health care companies are stepping up their bets on the Chinese market, regardless of slowing economic growth and trade tensions.

Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the bell: Zillow shares surged 14% during extended trading after the online real estate website posted a third-quarter revenue beat. Zillow reported revenue of $745 million, compared to the $718 million Wall Street expected, according to Refinitiv consensus estimates. That revenue

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Check out the companies making headlines in midday trading: Roku — Stock of the streaming device maker sank 10% in midday trading after it broke its streak of topping profit expectations. Roku reported a third-quarter loss of 22 cents per

A 711 employee accepts a mobile payment from a customer in Shenzhen, China Uptin Saiidi | CNBC BEIJING — A few months ago, I got out of a taxi upon arriving at my hotel in Beijing. As mainstream credit cards are uncommon and rarely accepted here, I handed the driver cash. I couldn’t speak Chinese

Netflix has built itself into a $125 billion company by accumulating global subscribers — a number that hit 164 million when the company announced third-quarter results last month. But CEO Reed Hastings said Wednesday that subscriber counts aren’t the right metric to track who’s winning the streaming wars — what’s really important is how viewers

Uber CEO Dara Khosrowshahi defended the ride-sharing company’s business Wednesday as the stock continues to tumble and it faces growing investor skepticism around its massive losses. On stage at the New York Times DealBook conference, interviewer Andrew Ross Sorkin asked Khosrowshahi if he was happy the company gone public in time to avoid a situation

A visitor holds illuminated controllers while wearing a prototype of the Sony Project Morpheus virtual reality gaming headset at the IFA tech show in Berlin, Germany, on Sept. 3. Chris Ratcliffe | Bloomberg | Getty Images LISBON, Portugal — Europe’s technology industry is thriving and showing signs that it can compete with the U.S., the

The Match Group OkCupid dating application is shown on an Apple iPhone. Gaia Squarci | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Match Group tanked 16% after the company topped third-quarter earnings expectations and matched revenue estimates at $541 million, though reported disappointing fourth-quarter revenue guidance. The parent

The U.S. Securities and Exchange Commission in Washington, D.C. Adam Jeffery | CNBC The U.S. Security and Exchange Commission formally proposed a new rule on Tuesday that could make it harder for shareholders to submit proposals dealing with social issues like executive pay and climate change. The rule, now open to public comment, would hike

Pedestrians walk past a Shake Shack location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shake Shack shares tumbled more than 14% during extended trading after the burger chain reported a third-quarter earnings beat but weaker-than-expected same-store sales. The company posted earnings of 26 cents per share,

China’s President Xi Jinping delivers a speech during the opening of the Boao Forum for Asia (BFA) Annual Conference 2018 in Boao, south China’s Hainan province on April 10, 2018. AFP | Getty Images SHANGHAI — Chinese President Xi Jinping was expected to speak Tuesday at the opening ceremony of the second China International Import

Satya Nadella, CEO of Microsoft, is pictured at Microsoft’s annual shareholder meeting in Bellevue, Washington on November 30, 2016. Jason Redmond | AFP | Getty Images The Dow Jones Industrial Average just hit an all-time record high. Now investors want to know which of the 30 Dow stocks will lead the measure to its next