In light of China’s reopening and easing of Covid rules, Hong Kong’s property market will be on a path to recovery in 2023, according to property consultancy Colliers Hong Kong. The reta...
Tag: business news
JPMorgan Chase shutters student financial aid website Frank
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
The world ‘is at the dawn of a new industrial age,’ IEA says
Wind turbine blades photographed at a facility in China’s Hebei Province on July 15, 2022. The world’s second largest economy is a major force in technologies crucial to the planned energy...
Sam Bankman-Fried denies stealing FTX user crypto in new Substack post
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Timothy A. Clary | AFP | Getty...
Consumer prices fell 0.1% in December, in line with expectations from economists
Inflation closed out 2022 in a modest retreat, with consumer prices posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday. The consumer price index,...
Stocks making biggest moves premarket: Disney, Logitech and more
In this photo illustration the Disney+ logo seen displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in premarket trading. Disney – Disn...
Bitcoin jumps above $18,000 to highest level in a month
Cemile Bingol | Digitalvision Vectors | Getty Images Bitcoin on Thursday surged to its highest price in nearly a month, as traders bet on an U.S. inflation cooldown and digest news that lawyers for de...
Jim Cramer likes these 5 ‘reasonably’ valued stocks in the S&P 500
CNBC’s Jim Cramer on Wednesday offered investors a list of stocks that he believes could be great additions to portfolios. “We only want … stocks if they’re reasonably valued because...
Charts suggest the market could rally for the next couple of months, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that the markets’ recent gains could become a sustained rally. “The charts, as interpreted by Larry Williams … suggest that the market could have ...
Starbucks tells corporate workers to return to office 3 days a week
Howard Schultz David Ryder | Reuters Starbucks corporate employees will be returning to the office at least three days a week by the end of the month. Starting Jan. 30, employees within commuting dist...
Disney opposes Nelson Peltz push to join board, names Mark Parker chairman
The Walt Disney Company on Wednesday afternoon said it opposes activist investor Nelson Peltz’s attempt to join its board. Disney also named Mark Parker, the executive chairman of Nike, its next...
FAA system outage disrupts thousands of flights across U.S.
Thousands of flights across the U.S. were delayed Wednesday after a Federal Aviation Administration pilot-alert system failed overnight, prompting a nationwide halt to departures. The FAA lifted the g...
Jim Cramer explains why the December CPI number is a ‘big deal’
CNBC’s Jim Cramer on Wednesday broke down the significance of the December consumer price index report for investors. “What makes tomorrow’s consumer price index number a big deal? S...
Mortgage refinance demand surges, as homeowners take advantage of lower interest rates
After rising at the end of the year, mortgage rates dropped sharply last week. That drove demand from current homeowners hoping to save on their monthly payments, but it did little to excite potential...
Burning Man sues Biden administration over geothermal project
A bagpipe player and a belly dancer on stilts, participants in the “Burning Man” festival, cross a section of the Black Rock Desert in Nevada. Mike Nelson | AFP | Getty Images Organizers o...
DirecTV lays off hundreds of managers as cord cutting accelerates
A DirecTV technician at an apartment building in Lynwood, Calif. Patrick T. Fallon | Bloomberg | Getty Images DirecTV is laying off hundreds of employees — roughly 10% of its upper ranks — as the comp...
Netflix will air SAG Awards in another step into live broadcasting
Aaronp | Bauer-Griffin | GC Images | Getty Images Netflix will exclusively air this year’s Screen Actors Guild Awards show in its first partnership with an awards show and its next step into liv...
ABL Space inaugural launch fails, damages Alaska launch pad
The company’s RS1 rocket lifts off on its inaugural launch attempt from Kodiak, Alaska on Jan. 10, 2023. ABL Space The first mission by ABL Space got off the ground on Tuesday, but the company&#...
Here are 3 moves to make before the 2023 tax filing season opens
mediaphotos | E+ | Getty Images Enlist tax prep help One of the first things to consider: Will you be filing your own taxes this year or tapping an expert to file a return on your behalf? If you’...
Prince Harry’s memoir break UK sales records and tops Amazon best sellers
Prince Harry’s memoir “Spare” became the fastest selling non-fiction book ever in the U.K. on its release day, its publisher said Tuesday. Chris Jackson / Staff / Getty Images LONDON...
Not discriminatory to Chinese travelers
South Korea on Tuesday hit back at claims that its Covid rules for Chinese travelers are “discriminatory,” saying more than half of its imported cases are coming from China. In a response ...
Bed Bath & Beyond, Tesla, Expedia and more
Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Meme stocks — A...
Bed Bath & Beyond jumps 50% to lead ‘nonsense’ rally in meme stocks; AMC gains 15%
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images A group of highly speculative stocks r...
Did Trump donate his salary in 2020? Tax returns don’t tell full story
Former President Donald Trump arrives at his Mar-a-Lago home on Dec. 31, 2022. Joe Raedle | Getty Images When former President Donald Trump’s tax returns were issued publicly Dec. 30, some news ...
FTX has recovered $5 billion worth of ‘liquid’ assets, lawyers say
John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Images FT...
CarMax, Salesforce, Coinbase and more
Check out the companies making headlines in premarket trading. CarMax — Shares of the used car seller slid 4.8% after JPMorgan downgraded them to underweight, saying investors aren’t fully prici...
Morgan Stanley’s Mike Wilson issues correction warning
Morgan Stanley’s Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. “Even though a majority of insti...
Global economy going into recession, 2023 growth to slow
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions. The international development institution ...
Energy Transfer is a very good stock
Nvidia Corp: “Nvidia is a terrific company but it sells at a very high price-to-earnings multiple. … We have pulled back a little bit [for the Charitable Trust].” Blackstone Minerals...
WWE co-CEO Stephanie McMahon steps down as Vince McMahon returns
LAS VEGAS, NEVADA – JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Jeff Bottari | Ufc | Getty Images Ste...
Bed Bath & Beyond lays off more employees as it struggles to survive
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond has begun its la...