Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit

Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesLONDON — The boss of British financial technology giant Revolut told CNBC he is optimistic about the company’s chances of being granted a U.K. banking license,...

Stocks making the biggest moves midday: Chewy, GameStop, Boeing, Norwegian Cruise Line and more

Check out the companies making headlines in midday trading: Chewy , GameStop — Chewy’s stock dropped 6.6% after a regulatory filing showed meme stock trader Keith Gill, who is also known as “Roaring Kitty,” bought nine million shares, amounting to a...

Citadel’s Ken Griffin says he’s not convinced that AI will replace human jobs in the near future

Ken Griffin speaks to Citadel and Citadel Securities interns during a discussion moderated by Citadel software engineer, and former intern, Bharath Jaladi.Courtesy: CitadelKen Griffin, founder and CEO of Citadel, said he remains skeptical that artificial intelligence...

Branding Chewy a meme stock is bad for the pet retailer, according to Wall Street analysts

Chewy shares started swinging wildly after online personality Roaring Kitty revealed a big stake , but Wall Street analysts believe being branded as a meme stock is not good for the pet retailer. The meme stock leader, whose legal name is Keith Gill, has taken a 6.6%...

Is the U.S. stock market too ‘concentrated’? Here’s what to know

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty ImagesThe U.S. stock market has become dominated by...