At least 13 people have died and two more are missing after an Indian navy speedboat ploughed into the side of a passenger ferry off the coast of Mumbai, officials say. Three navy personnel are among the dead, while more than 100 people have been rescued, Maharashtra state chief minister Devendra Fadnavis said. Footage of…
Shoppers walk into a Burberry store at Fashion Valley, an upscale shopping mall on December 13, 2024 in San Diego, California. Kevin Carter | Getty Images News | Getty Images Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, providing a first glimpse of CEO Joshua Schulman’s efforts to revamp…
Silicon Valley venture capital firm General Catalyst has made its first investment in Saudi Arabia through fintech startup Lean Technologies, which just closed a Series B round worth $67.5 million. General Catalyst has $30 billion in assets under management and has backed major U.S. tech companies like Snap, Stripe and AirBnb. Lean Technologies’ fundraising round also…
The family of a black man who died after being restrained by police officers who denied having heard him say “I can’t breathe” have condemned the police discipline system after two officers were cleared of gross misconduct. Kevin Clarke, 35, died while in police custody in 2018, with the restraint having lasted more than 30…
Baona | E+ | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. Starting in 2025, investors age 60 to 63 can make catch-up contributions of up to $11,250 on top of the $23,500 deferral limit. Combined, these workers can defer a total of $34,750 for 2025,…
The French Indian Ocean territory of Mayotte has been hit by further heavy rains, leading to flooding and mudslides, one month after Cyclone Chido devastated large parts of the islands and left dozens dead. The archipelago was put on the highest state of alert as another storm passed by on Sunday morning. Authorities warned of…
Barstool Sports’ Dave Portnoy sat down with Brianna “Chickenfry” LaPaglia to spill some tea about her ex, Zach Bryan — claiming Zach kicked his rescue dog, Miss Peaches, out of a dressing room. Dave recounted how the alleged incident happened at the country singer’s July concert at Gillette Stadium outside Boston … and Brianna responded…
Close up stack of gold bars. Vector Photo Gallery | Istock | Getty Images The U.S. Federal Reserve jolted markets with an unexpectedly hawkish set of projections for the path of interest rates next year, setting gold prices up for a blow — but analysts told CNBC they still see solid support for the precious…
Mark Wiedman, head of BlackRock’s global client business, attends the Global Financial Leaders’ Investment Summit, in Hong Kong, Nov. 8, 2023. Tyrone Siu | Reuters Mark Wiedman, a senior BlackRock executive with a tenure that spans more than 20 years, is leaving the asset manager, according to a person familiar with the matter. Wiedman, head…
Jakub Porzycki | Nurphoto | Getty Images Perplexity AI officially made a play for TikTok on Saturday, submitting a bid to its parent company, ByteDance, to allow Perplexity to merge with TikTok U.S. and create a new entity combining Perplexity, TikTok U.S. and New Capital Partners, CNBC has learned. The new structure would allow for…
