Europe stocks close higher after ECB hints at peak rates; luxury climbs on China sales data
European markets closed slightly higher on Friday as traders reacted to the European Central Bank’s suggestion that its latest hike may be its last.
The meme stock mania is now a movie. Here’s what has happened to GameStop and AMC
Here’s how far the stocks have fallen since the meme stock moment shown in the new movie “Dumb Money.”
Shipping giant Maersk is seeing tentative signs of a bounce back in global trade
There are tentative signs of a bounceback in global trade, according to the CEO of shipping titan Maersk.
Yum China says tech investments let it open more stores without needing more staff
Yum China is spending more on tech, an investment that’s allowed it to open more stores without having to hire more staff, CEO Joey Wat told CNBC.
Arm’s second trading day is more subdued, but valuation still tops $60 billion
Arm began trading Thursday with shares in its blockbuster IPO priced at $51 each, valuing the company at about $54.5 billion.
EPL soccer club Everton acquired by U.S. private equity firm 777 Partners
Everton have been sold to U.S. private equity firm 777 Partners, the struggling Premier League club said on Friday.
French grocery chain adds ‘shrinkflation’ labels to products in bid to shame supplier pricing
French supermarket chain Carrefour added labels to products that have shrunk in size but cost more, putting pressure on suppliers that have increased prices.
UK designates Wagner Group as terrorists; Russian lawmakers propose banning WhatsApp
Banning WhatsApp would be an attempt to further control the Russian information space, analysts said.
Ray Dalio says to hold cash ‘temporarily’ — but don’t buy debt and bonds
Amid mounting concerns over rising interest rates and inflation levels Bridgewater Associates’ founder Ray Dalio said he prefers cash over bonds.
CNBC Daily Open: Arm’s surge lends helping hand to banks
Arm’s more-than-successful IPO radiated through markets’ entire body, giving them their best day in weeks.
