World
North Korea could launch a missile or nuclear test to ‘overshadow’ Biden’s first Asia trip
North Korea could launch an intercontinental missile test or even a nuclear test to try to overshadow U.S. President Joe Biden’s upcoming visit to South Korea, an expert told CNBC on Friday. “They’ve already done two intercontinental ballistic missile tests earlier this year and we’ve been seeing tunneling activity preparing for a nuclear test,” Bruce Klingner, […]
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Broadcom reportedly in talks to acquire VMware
In this photo illustration, the VMware logo is seen on a smartphone and in the background. Chipmaker Broadcom is in talks to acquire cloud service provider VMware, people familiar with the matter told Reuters. Pavlo Gonchar | Lightrocket | Getty Images Chipmaker Broadcom is in talks to acquire cloud service provider VMware, people familiar with […]
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How Davos became the anti-establishment’s punching bag
CNBC goes behind the scenes to find out why there is growing social backlash against the global elite and whether an Alpine gathering of the rich and powerful is the way to solve it. Nearly 2,500 global leaders from business, politics and civil society are expected to convene this week in Switzerland’s luxury Alpine ski […]
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Time to sell or buy the dip? Here’s how pros suggest trading Wall Street sell-off
With the recent carnage on Wall Street, CNBC Pro asks strategists and investors what’s next for stocks and where they see pockets of opportunity in the weeks ahead. U.S. stocks briefly fell into bear market on Friday, as the broad-based S & P 500 fell as much as 20.9% from its all-time high in January […]
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Asia-Pacific stocks set to open mixed as global concerns persist
SINGAPORE — Shares in the Asia-Pacific region were poised to open mixed on Monday as global concerns continue to plague markets. In Japan markets, the Nikkei futures contract in Chicago was at 26,920, while its counterpart in Osaka was at 26,750. The Nikkei 225 closed at 26,739.03 on Friday. Australia’s SPI futures were at 7,129, […]
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Stock futures rise after Dow falls for 8th-straight week in relentless sell-off
Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures rose in overnight trading Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a broader market sell-off. Futures on the Dow industrial average gained 170 points, or 0.57%. S&P 500 futures added 0.7% and Nasdaq 100 futures rose 0.7%. […]
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Turkey’s Erdogan discusses concerns with NATO hopefuls Sweden and Finland
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT Murat Cetinmuhurdar | Reuters Turkish President Tayyip Erdogan, who has […]
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Shanghai reopens some public transport, still on high Covid alert
Since March, mainland China has struggled to contain its worst Covid outbreak in two years. Notably, the metropolis of Shanghai, pictured here on May 18, only started this week to begin discussing resumption of normal activity — with a goal of mid-June. Hector Retamal | Afp | Getty Images Shanghai reopened a small part of […]
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Any potential recession will be ‘light,’ Qatar Investment Authority CEO says
The CEO of Qatar’s sovereign wealth fund believes that if the world sees a recession, it will be “light.” Rising fears of a looming recession pushed U.S. stocks briefly into a bear market on Friday, as Covid-19 related shutdowns in China, rising interest rates and a cost of living crisis impact investor sentiment. “The sell-off […]
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Biden says ‘hello’ to North Korea’s Kim amid tensions over weapons tests
U.S. President Joe Biden speaks during a joint news conference with South Korean President Yoon Suk-yeol at the Presidential office in Seoul, South Korea, May 21, 2022. Jeon Heon-Kyun | Reuters U.S. President Joe Biden, in Seoul before heading to Japan as part of his first Asia trip as president, had a simple message for […]
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