United States
Worried about the great sell-off? It’s time to mix it up, the pros say — here’s how
After the brutal sell-off in stocks, a multi-asset approach is back in the spotlight. CNBC Pro asks the experts how to invest to ride out the volatility — and make money in the process. The S & P 500 rallied last Friday to snap a seven-week losing streak, but it did little to mask the massive sell-off […]
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Top crypto firms go on the hunt for acquisition targets as market crashes
Two top cryptocurrency companies, Ripple and FTX, told CNBC that they’re on the lookout for acquisitions as the industry hopes to drive growth through buying other firms. It is a sign that some crypto firms feel that they’re large enough and well capitalized to splash the cash on acquisitions. Brett Harrison, president of cryptocurrency exchange […]
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Op-ed: After Davos, going ‘long’ on optimism in an anxious world
DAVOS, SWITZERLAND – A hedge fund investor told me she attends the World Economic Forum each year “so that I’ll know what to short.” In a world awash with geopolitical and economic pessimism, the dominant mood at this year’s Davos, her argument is that it might be time to go “long” on optimism. One can […]
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Help (mostly) wanted: A diverging job market boosts some workers’ prospects and puts others on notice
A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt | Getty Images Cracks are forming in the U.S. labor market as some companies look to curb hiring while others are desperate for employees. Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more […]
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$60 billion collapse of major cryptocurrency is not the industry’s Bear Stearns moment — senators and regulators explain why
WASHINGTON — It’s been a brutal few weeks for the crypto market. Half a trillion dollars was wiped off the sector’s market cap as terraUSD, one of the most popular U.S. dollar-pegged stablecoins, imploded virtually overnight. Meanwhile, digital coins such as ether continue to take a beating on the price charts, as the sell-off keeps […]
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Apple union push faces setback as Atlanta organizers withdraw bid for vote, citing alleged intimidation and rising Covid cases
Shoppers walk past an Apple Store at Franklin Park Mall during Black Friday. Shoppers go to stores to take advantage of Black Friday sales during the COVID-19 pandemic. Stephen Zenner | SOPA Images | LightRocket | Getty Images A union vote at an Apple store at the Cumberland Mall location in Atlanta is in question […]
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Citigroup downgrades U.S. equities, says get defensive because of ‘deflating bubble’
It’s time to get defensive on U.S. equities amid “significantly” rising recession risks, according to Citigroup. The global asset allocation team downgraded U.S. equities to neutral amid troubling signs — including disquieting signs in the stock market and hawkish guidance from the Federal Reserve chair — despite not technically holding a recession in its base […]
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How to protect yourself against monkeypox and what to do if you catch it
Test tubes labelled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. Dado Ruvic | Reuters A recent monkeypox outbreak across the U.S., Europe, Australia and the Middle East has baffled health experts and is raising concerns of a wider outbreak. As of Wednesday, there were 346 confirmed and suspected […]
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Thousands of people are leaving Hong Kong — and now it’s clear where they’re going
They stuck it out during the political protests of 2019. Then they lasted through nearly two years of pandemic. But this year, they say they’ve had enough. Residents of Hong Kong are leaving the city in droves in 2022 — not because they want to, several told CNBC, but because Covid restrictions and what they see […]
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Nine monkeypox cases identified in U.S.: What we know about each of them
Rochelle Walensky, Director of the U.S. Centers for Disease Control and Prevention (CDC), participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, on Wednesday, May 4, 2022. Lauren Justice | Bloomberg | Getty Images The Centers for Disease Control and Prevention has identified nine cases of monkeypox across seven […]
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