New billionaires getting rich via inheritance rather than entrepreneurship in ‘great wealth transfer’
“The great wealth transfer” is picking up steam as billionaires are acquiring more wealth through inheritance than entreprenuership
X CEO Linda Yaccarino addresses Musk’s ‘go f— yourself’ comment to advertisers
Linda Yaccarino addressed the explicit comments Elon Musk hurled at advertisers Wednesday.
Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected
The personal consumption expenditures price index was expected to increase 0.2% in October on a monthly basis and 3.5% from a year ago.
Countries at COP28 approve climate disaster fund deal details in early breakthrough
Countries at the U.N. COP28 summit on Thursday agreed deal details for a disaster fund to help nations reeling from damages caused by the climate crisis.
What one Swiss bank’s troubles can tell us about market vulnerabilities — and social media
The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of loan exposure to a single client.
Sweden expects Turkey to approve its NATO membership ‘within weeks’
Sweden sent a formal application to join NATO back in May 2022, alongside Finland.
Euro zone inflation sinks to 2.4%, below expectations
Euro zone price rises cooled to 2.4% November, flash figures showed.
ASML boss Wennink to retire in April; veteran Fouquet to step up
ASML Chief Executive Peter Wennink will retire at the end of his term next April to be replaced by company veteran Christophe Fouquet.
Zepz, a $5 billion fintech unicorn, is laying off more staff
Zepz, which is backed by TCV, Accel, Leapfrog and other major VCs, told CNBC exclusively that it laid off 30 roles across its people and marketing functions.
Qatari and Egyptian negotiators push for two-day truce extension between Israel and Hamas
The nearly week-long pause in fighting so far has seen almost 100 hostages released from Hamas’ captivity and 210 Palestinian prisoners released from Israel.
