Burger King owner Restaurant Brands buys chain’s largest U.S. franchisee
Restaurant Brands International will spend about $1 billion to buy Carrols Restaurant Group, the largest U.S. franchisee of Burger King.
Fed should be a ‘little concerned’ about starting rate cuts too early, Nasdaq CEO says
Nasdaq CEO Adena Friedman said that the Fed should be wary about starting to cut interest rates too early.
Russia now ‘dependent’ on China, EU chief says
An increasingly isolated Russia is now dependent on China for both its military and economic ends, the European Commission’s president said Tuesday.
Trump is a ‘transactional president’ but may not rock the boat on China, Standard Chartered CEO says
Trump would be “transactional” if he returns to power but is unlikely to blow up Biden’s rebuilding of relations with China, says StanChart’s Bill Winters.
China’s premier tells Davos that innovation shouldn’t be used to restrict other nations
Chinese Premier Li Qiang was speaking Tuesday at the World Economic Forum in Davos, Switzerland.
Ripple CEO calls U.S. SEC Chair Gary Gensler a ‘political liability’
Ripple CEO Brad Garlinghouse called U.S. Securities and Exchange Commission Chair Gary Gensler a “political liability.”
Private company valuations ‘going nuts again’ amid AI boom, Cisco CEO says
The valuations of some private companies are “going nuts again,” returning to highs not seen since the pandemic, according to Cisco’s chief executive.
Divide between political elites and the working class is a major risk, Allianz CEO says
A growing detachment between political leaders and populations presents the biggest risk in a busy election year, says Allianz CEO Oliver Bäte.
Vodafone signs $1.5 billion Microsoft deal for AI, cloud and IoT
Vodafone has agreed a 10-year partnership with Microsoft to bring generative AI, digital, enterprise and cloud services to more than 300 million businesses.
CNBC Daily Open: Down to Davos
Action this time came from across the Atlantic as the World Economic Forum in Davos, Switzerland commenced Monday.
