Bitcoin could plunge 70% to $5,000, Standard Chartered predicts, in possible 2023 ‘surprise’
The potential crash in bitcoin prices makes Standard Chartered’s list of scenarios that its analysts feel are “under-priced by the markets.”
iPhone maker Foxconn reports slump in revenue after unrest and Covid outbreak at key China plant
Foxconn reported a slide in November revenue, with a “portion of shipments being impacted” by the Covid outbreak in Zhengzhou, where it makes iPhones.
Tim Draper predicts bitcoin will reach $250,000 next year despite FTX collapse: ‘The dam is about to break’
Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coin by the middle of 2023.
Oil prices rose as much as 2% on hopes of China’s reopening and as OPEC+ maintains output cut targets
Both futures have since pared gains, with Brent crude last trading at $86.12 a barrel, and U.S. West Texas Intermediate futures at $80.53 per barrel.
Vodafone CEO Nick Read to step down
Chief financial officer Margherita Della Valle will take over as interim group chief executive.
Chinese stocks rally on reopening hopes; Morgan Stanley upgrades to overweight
Beijing and Shenzhen announced over the weekend they would lift measures that required commuters to show negative Covid test results before travel.
Germany’s housing market is facing a serious downturn in prices, analysts say
The German housing market has been strong for decades, but analysts have some concerns.
Finding the market tough right now? Here’s how young investors can be smart with their money
Investing was hot earlier in the pandemic, but not anymore. Analysts share with CNBC Make It their top investing tips for a volatile market.
OnePlus co-founder Carl Pei’s new startup wants to launch smartphone in the U.S. to take on Apple
Nothing, the hardware venture from OnePlus co-founder Carl Pei, is in early talks with American carriers to launch a phone in the country.
Foxconn expects Covid-hit China plant to resume full production around year-end, source says
The Zhengzhou plant has been grappling with strict Covid-19 restrictions that have fueled discontent among workers over conditions at the factory.
