World
This is what’s next for Terra as the failed crypto project attempts a new path forward
Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images This week, backers of the failed cryptocurrency project Terra voted to revive the initiative, with a new luna blockchain and token – and without its controversial algorithmic stablecoin, TerraUSD. The founders had been seeking the next step […]
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The U.S. is wrapped in ‘collective grief’ from school shootings and the pandemic—and it’s rewiring our brains, experts say
For many, the tragedy that unfolded on Tuesday afternoon in Uvalde, Texas, brought on an unwelcome and all-too-familiar constellation of emotions: sadness, anger, shock, frustration and helplessness. The school shooting in south Texas, which left 19 children and two teachers dead, came only 10 days after 10 people were shot and killed in a Buffalo, […]
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JPMorgan sees upside for bitcoin after recent washout
Bitcoin investors have been swept up in the market carnage this year, but those still holding on should expect at least 30% upside to the cryptocurrency from here, according to JPMorgan strategist Nikolaos Panigirtzoglou. He reiterated in a note this week that bitcoin’s fair value is at the $38,000 level, which implies upside of about […]
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The Fed’s favorite inflation measure rose 4.9% in April in a sign that price increases could be slowing
People shop in a supermarket in Washington, DC, on May 26, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Nicholas Kamm | AFP | Getty Images The Federal Reserve’s preferred inflation gauge rose 4.9% in April from a year ago, a still-elevated level that nonetheless indicated that price pressures could […]
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Why ‘Stranger Things’ star Caleb McLaughlin waited until after season 3 to make his first big purchase: ‘I never really cared about splurging’
“Stranger Things” star Caleb McLaughlin has been a household name ever since the show first premiered in 2016. But it wasn’t until recently that the 20-year-old made his first big purchase with his Netflix earnings. McLaughlin tells CNBC Make It that for the first few years after the show was released, he was careful about […]
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Russian stocks may be ‘essentially worthless,’ MSCI research suggests
Russian stocks may have “no value” compared to the prices listed on the Moscow Exchange, new research from MSCI has suggested. Moscow ceased trading after stocks capitulated on the back of Russia’s invasion of Ukraine, reopening a month later after the exchange’s longest shutdown since the fall of the Soviet Union. The Moscow Exchange also […]
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U.S. may send long-range rocket systems to Ukraine; Russia captures more villages in Donbas. Follow our live updates
Russian forces capture several villages in the Donbas Russian forces have captured several villages in the Donbas north-west of Popasna, as they make gradual progress in their efforts to surround Severodonetsk and Lysychansk, the U.K.’s Ministry of Defense wrote in its daily intelligence update on Twitter. “Russia is pressuring the Severodonetsk pocket although Ukraine retains […]
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Japan is finally seeing some inflation – but it may not be time to celebrate
Japan’s core consumer prices may be approaching the central bank’s 2% target, but veteran entrepreneur Ernie Higa says it’s not time to cheer yet. “When you talk about inflation, it’s kind of like cholesterol – there’s good cholesterol and bad cholesterol – what we’re experiencing now in Japan is bad inflation,” Higa, chairman & CEO […]
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‘We’re in a bear market. And I think that’s good’: Crypto firms hope market slump shakes out bad players
Executives from the blockchain and cryptocurrency industry told CNBC that the recent crash in the digital coin market should help get rid of “bad actors” in the space. Billions of dollars of value has been wiped off the cryptocurrency market in the last few weeks driven by a sell-off in stocks and the collapse of […]
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‘Hypocrisy,’ ‘naivety’ and ‘greed’: Europe chided for failing to stop Putin’s war
DAVOS, Switzerland — The European Union failed to counter Russian President Vladimir Putin and needs to now strike flexible alliances across the world and search for new friends, current and former leaders told CNBC on a panel at the World Economic Forum. “We are too Euro-centric on this crisis, in the sense we think this […]
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