World
Michael Burry of ‘Big Short’ fame deregisters Scion Asset Management
Andrew Toth | FilmMagic | Getty Images “Big Short” investor Michael Burry, known for his successful bets against the U.S. housing market in 2008, has deregistered his hedge fund, Scion Asset Management. The Securities and Exchange Commission’s database showed Scion’s registration status as “terminated” as of November 10. Deregistering would imply the fund is not […]
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Singapore Airlines earnings sink 82% in second quarter, well below forecasts on Air India drag
An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. Nurphoto | Nurphoto | Getty Images Singapore Airlines on Thursday reported an 82% plunge in second-quarter earnings, missing estimates as losses from its Air India stake and lower interest income weighed on results. […]
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European markets higher as U.S. government shutdown ends; Burberry jumps 7%
LONDON — European stocks were higher on Thursday, tracking their global counterparts as the U.S. government shutdown came to an end. The pan-European Stoxx 600 was nearly 0.1% higher 9:49 a.m. in London (4:49 a.m. ET) with sectors in mixed territory. The U.K.’s FTSE 100 index and Germany’s DAX were in the red on Thursday, […]
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China’s Singles’ Day stumbles as frugal shoppers shrink the world’s biggest sale
JD.com and Alibaba are operating in Suqian City, Jiangsu Province, China, on Dec. 29, 2023. Costfoto | Nurphoto | Getty Images BEIJING — Preliminary figures for China’s biggest shopping event of the year indicated slower sales as consumers tie their purse strings tighter amid weak economic growth. The Double 11 shopping festival this year recorded […]
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Chinese tech giant Tencent’s quarterly revenue rises 15%, fueled by AI
Tencent on Thursday posted 15% year-on-year revenue growth, with AI boosting the Chinese tech giant’s performance in advertising targeting and gaming. Here’s how Tencent performed in the third quarter of 2025, per earnings released on Thursday: Revenue: 192.9 billion Chinese yuan ($27.12 billion), surpassing the 189.2 billion Chinese yuan expected analysts, according to data compiled by […]
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CNBC’s Inside India newsletter: India’s millennial and Gen Z heirs are redefining family wealth. Startups are their bets
This report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story Rajat Mehta, scion of Mumbai-based Mehta Group, walked out of the listing ceremony of Billionbrains Garage Ventures or Groww, on Wednesday, feeling vindicated. The company he backed in 2016 […]
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UK economy grows by a meager 0.1% in the third quarter, missing expectations
Shoppers and visitors on London’s Oxford Street brave the bad weather using Union Flag umbrellas on 6th May 2024. Mike Kemp | In Pictures | Getty Images The U.K. economy grew a meager 0.1% in the third quarter, according to preliminary figures from the Office for National Statistics. Economists polled by Reuters expected the economy […]
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Christian Bruch on Siemens Energy’s existential crisis — and the leadership lessons that followed
The Siemens Energy CEO reflects on being blindsided by an existential crisis early in his tenure, how a career abroad shaped his decision-making and the surprising lessons he learned from a stint working in a psychiatric institution. In 2023, Christian Bruch faced the most challenging chapter of his tenure as CEO of Siemens Energy. The […]
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Stock futures tick lower after Dow rallies to record high: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures came slightly under pressure Wednesday night after a continued market rotation powered the Dow Jones Industrial Average to fresh highs. Futures tied to the Dow Jones Industrial Average lost 26 points, or nearly 0.1%. The S&P futures shed 0.2%, while Nasdaq […]
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CNBC Daily Open: An AI and ‘everything else’ market in play in the U.S.
Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 12, 2025 in New York City. Spencer Platt | Getty Images The divergence between the performance of the Dow Jones Industrial Average and Nasdaq Composite on Wednesday stateside reinforces the suggestion that there are two markets operating in the U.S.: one […]
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