Global spending on mobile games falls 5% as high inflation causes market to cool
Mobile game spending fell 5% last year, to $110 billion, according to Data.ai. Nevertheless, downloads rose 8% to a record 90 billion.
Uniqlo owner gives Japan Inc a jolt with 40% wage hike
The move by the casual clothing giant is likely to heighten focus on worker pay ahead of annual spring labor negotiations.
Sweden is facing its ‘day of reckoning’ as house prices plummet
This downturn is not surprising given the “dysfunctional” nature of the market, according to Stefan Ingves, the former governor of Sweden’s central bank, the Riksbank.
CNBC Pro Talks: Portfolio manager Trent Masters shares how to beat the market — and his top stock picks
“While 2022 was the year of valuation compression, 2023 will be the year when some former Covid darlings … go broke,” Trent Masters said ahead of the Pro Talks.
World Bank makes big cut to its 2023 growth outlook, says globe is ‘perilously close’ to recession
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions.
Investors could find better stock market returns outside the U.S. in 2023
With the dollar weakening, it’s time for U.S. investors to get more serious about going abroad.
Dell is reportedly abandoning China-made chips — and rising superpower tensions are the reason
It’s not just semiconductor chips from Chinese fabricators that Dell reportedly doesn’t want in its machines, but even chips made on the mainland by non-Chinese companies. CNBC’s Ted Kemp reports.
This global ETF is the only fund that’s posted gains every year for the past decade
The stock fund has delivered a 14% compounded annual growth rate per year — significantly higher than broader index-tracking ETFs.
‘An expensive mistake’: Citi says stop hoarding cash — and reveals two areas to invest in
Citi says it’s time to put excess cash to work, naming two ways to deploy it in the search for higher returns.
Asia-Pacific shares trade higher ahead of U.S. inflation report
Asia-Pacific shares traded higher as investors look ahead to U.S. inflation data report, which would inform the Fed’s rate hike policy trajectory.
