United States
Apple discourages retail employees from joining unions in internal video
An employee arranges Apple iPhones as customer shop at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan, in New York City, March 18, 2022. Mike Segar | Reuters Deirdre O’Brien, Apple’s head of retail and human relations, told employees in a video this week that joining a union […]
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SEC’s Hester Peirce says the U.S. has dropped the ball on crypto regulation
WASHINGTON — The U.S. has dropped the ball on crypto regulation, according to Securities and Exchange Commissioner Hester Peirce, and she says the knock-on effects of that failure keep her up at night. “There’s a lot of fraud in this space, because it’s the hot area of the moment,” Peirce told CNBC on the sidelines […]
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Mark Mobius says the bear market still has a ways to go, keep cash on the sidelines
Mark Mobius, founding partner of Mobius Capital Partners, says stocks have more room to fall in this bear market, so investors should stay in cash for now. “We’ve got a ways to go,” Mobius told CNBC’s “Squawk Box” on Tuesday. “It may be time to start nibbling at certain individual stocks that look good, but […]
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Crypto firm Ripple will explore IPO after SEC lawsuit ends, CEO says
DAVOS, Switzerland — Ripple will explore the possibility of an initial public offering once its lawsuit with the U.S. Securities and Exchange Commission has ended, CEO Brad Garlinghouse told CNBC. The company uses XRP, the world’s sixth-largest cryptocurrency, to facilitate cross-border payments. Effectively, fiat is converted to XRP which lowers the cost and increases the […]
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How this millennial turned $700 into a multimillion-dollar fishery start-up
When she was young, Utari Octavianty often felt like the underdog because of where she came from. Her hometown is Kampung Bahru, a remote fishing village in North Sumatra, Indonesia, where many don’t have access to education. There was even a common saying: “If you come from a fishing village, you cannot win.” That’s why […]
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Strategists pick their top stocks to beat rising prices and slowing growth — including some they say are ‘extremely cheap’
The global economy is beset with rising inflation and slowing growth. Here, CNBC Pro sifts through recent research notes to identify strategists’ top stocks in this tricky environment. The U.S. Federal Reserve hiked rates in March for the first time in more than three years, and announced a further 50-basis-point hike earlier this month . […]
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U.S. bars Russia from paying bondholders through American banks, increasing default risk
The Kremlin towers and Ivan the Great Cathedral in Moscow. Kirill Kudryavtsev | Afp | Getty Images The Biden administration will ban Russia’s government from paying bondholders through American banks starting Wednesday morning, the Treasury Department said. The move increases the odds that Russia will default on its outstanding debt. It is the latest sanction […]
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Jeep maker Stellantis to build $2.5 billion EV battery plant in Indiana
Stellantis logo displayed on a phone screen is seen with some of the company brands logos displayed in the background in this illustration photo taken in Krakow, Poland on December 7, 2021. Jakub Porzycki | NurPhoto | Getty Images Automaker Stellantis plans to invest more than $2.5 billion in partnership with Samsung SDI to build […]
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U.S. Navy climate plan calls to curb emissions, electrify vehicle fleet
U.S. Navy sailors operate onboard the Nimitz-class aircraft carrier USS Harry S. Truman (CVN 75) in the Adriatic Sea, off Split, Croatia February 14, 2022. Milan Sabic | Reuters The U.S. Navy on Tuesday unveiled a climate action plan focused on installing cyber-secure microgrids, boosting its supply of lithium batteries and slashing planet-warming greenhouse gas […]
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Tech rout is just a ‘shake-out’: Top CEOs predict what’s next for markets
Monitors display stock market information at the Nasdaq MarketSite in New York, on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Top CEOs and investors have struck an optimistic tone on the recent sell-off global technology stocks, telling CNBC it’s unlikely to metastasize into a broader market crisis. The tech-heavy Nasdaq 100 […]
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