Ron Insana: It’s time to use an ‘all of the above’ energy policy to break up the OPEC+ cartel
Saudi Arabia’s decision to ally with Russia means it’s time for the U.S. to take every available step it can to boost U.S. energy production.
Why this investor doesn’t back companies that use carbon offsets
Zachary Bogue, co-founder of Palo Alto-based VC firm DCVC, does not invest in companies that depend on carbon offsets to make their business work.
European markets close lower after key U.S. jobs report; Credit Suisse jump 5%
European markets were lower on Friday to round out a volatile week, as global investors reacted to a key monthly jobs report out of the United States.
Visa partners with FTX in a bet that shoppers still want to spend cryptocurrencies in a bear market
Visa is betting that crypto investors still want to spend their digital currencies as asset prices plummet this year.
Credit Suisse to buy back $3 billion in debt, sell landmark hotel as credit fears persist
The Swiss lender revealed debt buyback plans and confirmed it is selling its famous Savoy Hotel in Zurich’s financial district.
$570 million worth of Binance’s BNB token stolen in another major crypto hack
Binance said a cross-chain bridge linking with its Binance Smart Chain (BSC) was targeted, enabling hackers to move BNB tokens off the network.
Samsung profit plunges in first drop since 2019 as chipmakers feel bite
Samsung forecast on Friday its operating profit plunged 32% in the third quarter of the year as weaker memory pricing and demand hit the technology giant.
The Kremlin behaved ‘like a drug dealer’ over gas supplies, Polish PM says
“The real price of the gas is … the blood of soldiers and people, children and women in Ukraine,” Poland’s Prime Minister Mateusz Morawiecki told CNBC.
Wharton’s Jeremy Siegel says today’s biggest threat isn’t inflation — it’s recession
Siegel said he was one of the first to warn of the Fed’s “inflationary policies” in 2020 and 2021, but “the pendulum has swung too far in the other direction.”
Asia-Pacific markets fall ahead of U.S. jobs report
Shares in the Asia-Pacific fell on Friday ahead of the monthly U.S. jobs report, which is likely to guide the Fed’s next monetary decision in November.
