Tesla board member says Musk doesn’t mind bankruptcy if a rival builds a better car: ‘That’s his philosophy’
Elon Musk remarked that he wouldn’t mind Tesla going bankrupt, if it means a rival company builds a better car, according to a company board member.
Crypto markets on edge as U.S. regulatory crackdown on industry intensifies
Investors are digesting a number of major regulatory actions in the U.S., as authorities look to rein in the once free-wheeling cryptocurrency industry.
Singapore 2022 budget deficit set to be lower than expected; inflationary pressures persist
The Singapore government will be pumping in another S$3 billion to help households cope with the rising costs of living and GST hikes.
‘Think of the unthinkable’: IMF chief warns world is a very different place after crises like Covid
IMF Managing Director Georgieva Kristalina said that, in the “shock-prone” world we live in, people need to be more agile and “think of the unthinkable.”
Japan’s next central bank governor is set to be Kazuo Ueda. Here’s what it means
Kazuo Ueda would replace current BOJ chief Haruhiko Kuroda, who was first appointed in March 2013. His current five-year term will end on April 8.
Promoting FTX was their side hustle. Now these student ambassadors are left to pick up the pieces
FTX student ambassadors promoted the now bankrupt crypto exchange on their campuses to help expand its customer base and lose funds when it collapsed.
After a bumper run, analysts say these 3 oil and gas stocks are set for another 50% rise
The energy sector provided investors stellar returns in 2022 when the rest of the market failed to perform. CNBC Pro shares the stocks well liked by analysts.
Biden to name Fed’s Lael Brainard as top economic advisor, source says
Biden is making over his top economic team as U.S. faces the prospect of an unusual recession without significant job losses.
‘Fed is not your friend’: Wells Fargo delivers warning ahead of key inflation report
Wells Fargo Securities’ Michael Schumacher believes Fed policy is working against equity investors regardless of this week’s inflation data outcome.
Philippines urges China to prevent any ‘provocative act’ after complaint over laser
The Philippine coast guard said its vessel was assisting a navy mission when a Chinese coast guard ship directed a “military-grade laser” at the ship.
