World
Novogratz says UST was a ‘big idea that failed’ after collapse, but he’s still confident in crypto
Crypto investor Michael Novogratz has broken his silence about the collapse of the Terra ecosystem, saying in a letter on Wednesday that he was confident in the industry over the long term. Novogratz’s investment firm Galaxy Digital invested in luna, the sister coin of TerraUSD, also known UST, in the fourth quarter of 2020 using […]
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Why Tesla was kicked out of the S&P 500’s ESG index
An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images The S&P 500 booted electric vehicle maker Tesla from its ESG Index in an annual rebalancing. Meanwhile, Apple, Microsoft, Amazon and even oil and gas multinational Exxon Mobil were included on the list. The S&P […]
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Here are some hedge funds that foresaw the tech fallout. And some that didn’t
This year’s tech-driven carnage in the stock market is carving out hedge fund winners from losers — showing up in diverging fortunes that haven’t been seen in years. Hedge funds that rode the tech wave up are getting crushed on the way down, especially those that doubled down on 2022’s biggest laggards in the first […]
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Joyn Bio aims to solve the world’s fertilizer problem with microbes
Plants at the Joyn Bio greenhouse in Woodland, Calif. Photo courtesy Joyn Bio Nitrogen fertilizer is crucial to growing crops and feeding the global population. But it’s expensive, in critically short supply, and is a contributor to climate change because the process to make it releases greenhouse gases. It’s a thorny problem, but microbes may […]
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European stocks close lower as UK inflation hits 40-year high; Stoxx 600 down 1.1%
LONDON — European stocks closed lower on Wednesday as fears over inflation rattled markets on either side of the Atlantic. Stock picks and investing trends from CNBC Pro: Global markets have remained bogged down by fears of aggressive monetary policy tightening and slowing economic growth. Earnings before the bell came from ABN AMRO, Burberry, British […]
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A CEO opened up about a divorce – and learned a valuable work lesson
Jackie Stevenson, Global CEO of creative agency The Brooklyn Brothers, shares her career-defining lightbulb moment with CNBC’s “My Biggest Lessons.” It’s generally accepted that our work and personal lives should be kept completely separate — especially if you’re a CEO. However, Jackie Stevenson, CEO of creative agency The Brooklyn Brothers, challenges that notion, arguing that […]
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India isn’t the only one banning food exports. These countries are doing the same
India has banned wheat exports as the price of grain surged this year due in part to the Russia-Ukraine war. T. Narayan | Bloomberg | Getty Images India has banned wheat exports, becoming the latest country to do so as the price of grain surged this year due in part to the Russia-Ukraine war. The […]
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‘The whole world is against us’: Russian military analyst gives damning assessment of Ukraine war on state TV
Destroyed military equipment of the Russian army in the city of Bucha. Sopa Images | Lightrocket | Getty Images In a country where independent media and commentary has all but disappeared from public view, it’s rare to hear dissenting voices on the many state-controlled TV networks in Russia — particularly now with the country at […]
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Turkey will eventually relent on Finland and Sweden joining NATO, says former Finnish PM
Finland’s former prime minister is confident that Turkey’s opposition to Sweden and Finland joining NATO will be diplomatically “sorted out.” “I’m sure this will get ironed out,” Alexander Stubb told CNBC’s Capital Connection on Wednesday, adding that both Finland and Sweden have been “avid supporters” of Turkey’s bid to join the European Union. “I imagine […]
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UAE petrochemicals firm Borouge to become latest IPO in a wave of Middle East mega listings
The lure of high dividends has been a major draw for global investors amid a recent wave of mega listings across the Gulf region. Rustam Azmi | Getty Images DUBAI, United Arab Emirates — Petrochemicals business Borouge will list on the Abu Dhabi stock exchange next month, marking the latest in a series of mega public […]
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