China’s new Covid surge is crippling the world’s most important factories and biggest ports
The surge in Covid-19 cases in China is impacting the completion of manufacturing orders, according to CNBC Supply Chain Heat Map data.
Dow closes 300 points lower after strong jobs data signals more rate hikes
Investors will watch for more data on the labor market Friday.
Silvergate Capital tanks more than 40% after crypto bank discloses massive fourth-quarter withdrawals
The bank, which was tied to failed crypto exchange FTX, reported a decline of nearly 70% in customer deposits last quarter.
Prince Harry reportedly alleges in new book that brother William physically attacked him
Prince Harry’s upcoming autobiography details an alleged fight in which his older brother, the future British king Prince William, pushed him to the floor, according to a report in The Guardian newspaper.
Pope Benedict’s funeral draws thousands to the Vatican
Thousands gathered at the Vatican on Thursday for the funeral of Pope Emeritus Benedict XVI, presided by Pope Francis.
Abu Dhabi’s Mubadala, Alpha Dhabi to enter credit markets via new venture
Abu Dhabi state fund Mubadala Investment Co and UAE-based conglomerate Alpha Dhabi plan to deploy up to 9 billion dirhams ($2.5 billion) in credit markets in a joint venture.
China to open border with Hong Kong on Sunday
Before the coronavirus emerged in China in late 2019, there were more than 236 million passenger trips over their border a year, government data showed.
Apple supplier Luxshare rises after reportedly winning contract to produce luxury iPhones
Luxshare stocks rose after a report said the supplier is set to sign a contract to produce premium iPhones.
EU recommends that travelers from China be required to take a Covid test before entering Europe
European nations agreed to recommend imposing new restrictions on travelers from China amid fears of an increase in Covid cases.
Bank of America sees 50% upside in this global fertilizer stock due to a worldwide shortage
The Wall Street bank says the global fertilizer maker commands a 55% profit margin as it is insulated from the rise in natural gas prices.
