business news
5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures lose steam as 10-year Treasury yield hits a three-year high Traders on the floor of the NYSE, April 7, 2022. Source: NYSE Wall Street was set for a mixed open Friday. U.S. stock futures lost […]
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Morgan Stanley aims to serve the richest of the rich as family offices grow to $5.5 trillion in assets
Jed Finn, Chief Operating Officer for Morgan Stanley Wealth Management and Head of Corporate and Institutional Solutions Source: Morgan Stanley After making inroads managing money for the merely wealthy, Morgan Stanley is setting its sights on the richest of the rich — family offices with tens of billions of dollars in assets, CNBC has learned. […]
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Ukraine war is a key test in how the world responds to abuse of power, ex-UK foreign minister says
The Russia-Ukraine war will have “pivotal consequence” in how the world responds to the “growth of impunity,” said David Miliband, president and CEO of the International Rescue Committee, a humanitarian aid agency. Miliband, who was Britain’s foreign secretary from 2007 to 2010, said Ukraine President Volodymyr Zelenskyy’s impassioned speech to the U.N. Security Council on […]
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Elon Musk says production of Tesla’s Optimus humanoid robot could start next year
The Tesla Bot is on display at the Tesla Giga Texas manufacturing facility during the “Cyber Rodeo” grand opening party on April 7, 2022 in Austin, Texas. Suzanne Cordeiro | AFP | Getty Images Tesla may start production of a humanoid robot known as Optimus as early as next year, CEO Elon Musk said Thursday. […]
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Stocks making the biggest moves premarket: Biogen, Spirit, Robinhood and more
Check out the companies making headlines before the bell: Biogen (BIIB) – Biogen fell 1% in premarket trading after the government announced that Medicare will limit coverage for Aduhelm, Biogen’s Alzheimer’s disease treatment. Coverage will only be provided for patients enrolled in clinical trials. Spirit Airlines (SAVE) – Spirit said it will begin talks with […]
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The role of natural gas in the Russia-Ukraine conflict
Natural gas is one of several commodities affected by Russia’s invasion of Ukraine. Prices on the Dutch TTF hub, a European benchmark for natural gas trading, more than tripled between February 16 and March 7 before pulling back. But despite being at the center of the largest military conflict in Europe since World War II, […]
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Inflation may cause Americans to cut back on travel. Here’s how to vacation and save money
Inflation is surging — and if it keeps up, Americans may start nixing their travel plans. Some 40% of U.S. adults said they would cancel a vacation or trip if consumer prices continue to rise, according to a new CNBC + Acorns Invest in You survey, conducted by Momentive. The online poll was taken March […]
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Social turmoil is Sri Lanka’s biggest risk, ex-World Bank official says of economic crisis
Sri Lanka faces a “dangerous situation” with continuing social unrest and must avoid a “disorderly default,” the former chief economist of the South Asia regions at the World Bank, Shanta Devarajan told CNBC Friday. Shortages of food and fuel, along with record inflation and regular blackouts, have brought thousands of Sri Lankans to the streets as […]
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HP downgraded by UBS on valuation following pop from Buffett buy
UBS on Thursday downgraded shares of PC maker HP, weakening consumer demand for the company’s products and high valuation following a run higher. Source
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Sell Robinhood shares as user growth weakens, Goldman says
Goldman Sachs on Friday downgraded shares of mobile brokerage Robinhood, citing bleak user engagement and growth. Source
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