Business

In Japan's biggest initial public offering in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing its shares at 1,200 yen apiece, according to the company's regulatory filing on Tuesday.Miho Uranaka | ReutersTokyo Metro's initial public offering could drive momentum in the Japanese market and attract more companies into the country, analysts said, as China continues to lose steam.In Japan's biggest IPO in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing its shares at 1,200 yen apiece, according to the company's regulatory filing on Tuesday.Reuters had reported, citing two sources familiar with the matter, that the IPO was more than 15 times oversubscribed. The stock is expected to be listed on the Tokyo Stock Exchange on Oct. 23."Everybo...

Jasper Juinen | Bloomberg | Getty ImagesThe Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan.Shares of the Dutch bank traded 1.2% lower at the market open and was last down 0.6% as of 9:15 a.m. London time.The Dutch government, which currently holds a 40.5% interest in ABN Amro, announced via its investment vehicle firm NLFI that it will sell shares using a pre-arranged trading plan set to be executed by Barclays Bank Ireland.ABN Amro was bailed out by the state during the 2008 financial crisis and later privatized in 2015. The government started reducing its shareholding in the firm last year.The banking sector has been in the spotlight of late, after UniCredit's move to take a stake in German lender Commerzbank sparke...

Carly Rowena, a 37-year-old fitness instructor, was tricked into sending £5 716.60 worth of digital assets to a scammer who promised her sizable returns on her crypto.Carly RowenaCarly Rowena, a British fitness and wellness influencer, is embarrassed as she recalls being duped into handing over £5,700 ($7,450) worth of cryptocurrency in a scam."I was like, it was too good to be true, and I still fell for it," she told CNBC Make It.Rowena transferred the crypto to an Instagram account she believed belonged to a finance professional managing investments for a friend. But after discovering that her friend's account had been hacked, Rowena says she felt "stupid."Here, Rowena shares her story with CNBC Make It, including the red flags she now knows to watch for when navigating the online world....

A Peugeot Inception concept car at the Paris Motor Show on October 14, 2024.Riccardo Milani | Afp | Getty ImagesPARIS, France — Auto giants have descended on the Paris Motor Show to showcase their latest concepts and production models, jostling to capture the public's attention with eye-catching designs and futuristic technologies.The biennial trade show, which opened on Monday and runs through to Sunday, comes as European carmakers contend with some hard truths on the road to full electrification.Manufacturers such as Volkswagen, BMW and Stellantis have all issued profit warnings in recent weeks, citing challenges including faltering demand for electric vehicles (EVs) and intense competition from abroad.The pressure on European automakers is poised to ratchet up even further next year whe...

As CEO of one of the world's largest industrial conglomerates, Honeywell's Vimal Kapur doesn't think about AI like most individuals. It's not about the threatened office worker. "There is always a trend which makes your skills obsolete, every five years," Kapur said at the recent CNBC Evolve: AI Opportunity Summit in New York City. "The churn in white collar is a continuous evolution." And he said it's not about the cool features that can be offered to the consumer, who "gets excited by the writing of a resume or restaurant recommendation." The biggest problems AI can solve at Honeywell start with a generational labor shortage that it and client companies are facing. From pilots to technicians, declining birth rates in the industrialized world have led to less people available to do jobs t...

FILE - In this April 30, 2012 file photo, Lilly Ledbetter, left, speaks in Concord, N.H. President Barack Obama and his allies in the Senate pushed Tuesday for a bill that calls for equal pay in the workplace, an election-year effort to merge political appeals to women with the No. 1 concern for all voters: the cash in their wallets on the heels of recession. (AP Photo/Jim Cole, File)Jim ColeWomen's rights activist Lilly Ledbetter has died, according to a family representative. She was 86.Ledbetter, best known for advocating for equal pay for women, died as a result of respiratory failure on Saturday night. She was in Alabama, where she was born and raised."She was surrounded by her family and loved ones," her family said in a statement on Sunday. "Our mother lived an extraordinary life."L...

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. GroganWarren Buffett's Berkshire Hathaway continued to increase its stake in SiriusXM, now owning 32% of the New York-based satellite radio company.The Omaha, Nebraska-based conglomerate purchased roughly 3.6 million shares for about $87 million in separate transactions Wednesday through Friday, according to a filing with the Securities and Exchange Commission late Friday.Berkshire hiked its bet after billionaire John Malone's Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the audio entertainment company. It was part of Malone's reshuffling of his sprawling media empire that also includ...

A SpaceX Falcon Heavy rocket with the Europa Clipper spacecraft aboard launches from Launch Complex 39A at NASA's Kennedy Space Center in Cape Canaveral on October 14, 2024. Chandan Khanna | Afp | Getty ImagesFor decades, an icy moon of Jupiter has been considered one of the most promising places to search for extraterrestrial life in the solar system. Thought to have an underground ocean and a potentially habitable environment, Europa has long seemed a tantalizing target in our cosmic backyard.Now, humanity is poised to get a closer look at Jupiter's fourth-largest moon.At 12:06 p.m. ET on Monday, NASA launched a new mission to Europa, dubbed Europa Clipper. The largest spacecraft the agency has ever built for a planetary science mission, the probe lifted off from NASA's Kennedy Space Cen...

Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024.Annabelle Chih | Bloomberg | Getty ImagesNvidia shares closed at a record on Monday as Wall Street gears up for earnings season and updates from all of the chipmaker's top customers on their planned spending on artificial intelligence infrastructure.The stock climbed 2.4% to close at $138.07, topping its prior high of $135.58 on June 18. The shares are now up almost 180% for the year and have soared more than nine-fold since the beginning of 2023.Nvidia, widely viewed as the company selling the picks and shovels for the AI gold rush, has been the biggest beneficiary of the generative AI boom, which started with the public release of OpenAI's ChatGPT in November 2022. Nvidia's graphics proc...

Recent geopolitical tensions and election-related noise have caused volatility in the markets that are outside an investor's control. When investing in such times, Kim Forrest, chief investment officer at Bokeh Capital Partners, has certain principles she follows to ensure a successful portfolio. During an interview with CNBC's " The Exchange " on Monday, Forrest advised investors to look for companies that consistently outperform their peers. She also owns names with solid balance sheets. In addition, she said to seek out companies that focus on product marketing, or keep their customers' needs central to ensure retention. These factors combined ensure that a company can outperform against its peers, according to Forrest. "That's what we look for — not who's going to be president and then...