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Signage for the Reserve Bank of India (RBI) in Mumbai, India, on Friday, April 5, 2024. Dhiraj Singh | Bloomberg | Getty ImagesIndia's central bank expectedly kept the benchmark interest rate unchanged at 6.50% on Friday as it struggles to contain rising inflation without hurting growth in Asia's third-largest economy.The decision came in line with economists' expectation in a Reuters poll, as India's consumer prices inflation surged to a 14-month high of 6.21% in October, significantly higher than the central bank's target of 4% and also above its tolerance ceiling of 6%.Reserve Bank of India Governor Shaktikanta Das said the central bank had revised India's GDP growth outlook for fiscal year 2025 down to 6.6% — RBI had forecast 7.2% growth in October — adding that the slowdown in the dom...

Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty ImagesDivided between two takeover courtships, UniCredit's Andrea Orcel still has room to sweeten his bid for Italy's Banco BPM, analysts say, while political turmoil stalls a deal with Germany's Commerzbank. Once a key architect in the controversial 2007 takeover and later break-up of Dutch bank ABN Amro, Orcel revisited his ambitions for cross-border consolidation with the September announcement of a surprise stake build in Commerzbank. Until recently, the latter had been the subject of speculation as a potential merger partner for Germany's largest lender, Deutsche Bank.Amid resistance from the German government — and turbulence in Chancellor Olaf Scholz's ruling ...

BATON ROUGE, LOUISIANA - NOVEMBER 9: Flau'jae Johnson #4 of the LSU Tigers in action during a game against the Northwestern State Demons at the Pete Maravich Assembly Center on November 9, 2024 in Baton Rouge, Louisiana. (Photo by Kristen Young/LSU/Getty Images)Reagan Cotton/lsu | University Images | Getty ImagesFlau'jae Johnson has a lot going on at the moment.The 21-year-old star basketball player, rapper, student and aspiring businesswoman has just inked her latest deal with the new women's 3-on-3 basketball league Unrivaled.Terms of the deal were not disclosed, but Johnson will receive an equity stake in the league."I wanted to be involved in something that is pushing the women's game forward," Johnson told CNBC.Unrivaled, which kicks off its inaugural season in January, looks to offer...

Nadia Milleron, whose daughter Samya Stumo was killed in the crash of Ethiopian Airlines Flight 302, holds a sign with photos of the crash victims during a Senate Commerce, Science and Transportation Committee hearing on aviation safety and the future of the Boeing 737 Max aircraft, in the Hart Building in Washington, D.C., Oct. 29, 2019.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesA federal judge on Thursday rejected Boeing's plea deal tied to a criminal fraud charge stemming from fatal crashes of the manufacturer's 737 Max aircraft.U.S. District Judge Reed O'Connor of the U.S. District Court for the Northern District of Texas expressed concern in his decision that the selection process for a government-appointed monitor, a condition of the plea deal, would be affected by diversity, eq...

Several stocks that have underperformed in 2024 may be poised for substantial gains in coming months, according to Goldman Sachs. The last trading month of 2024 has been off to a solid start, adding to the year-to-date gains across all three major stock market averages. On Wednesday, the S & P 500 and the Nasdaq Composite reached new closing records and the Dow Jones Industrial Average closed above 45,000 for the first time. Yet some stocks that have lagged this year could outperform in the first quarter of 2025, the investment bank said. Since Goldman began tracking data surrounding the "laggards" trade in 2002, the trend has been proven correct in 13 years. "Looking towards laggards of 2024, the YTD index-relative performance of this group (-39%) is similar to 2023 but worse than the...