Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways
Tech layoffs have been increasing in Southeast Asia as growth slows down. Existing investors are also pushing startups to extend their runways.
The stock market is trapped in a clear downtrend, and the situation could get worse
Stocks have lost short-term upside momentum, and now the market looks stuck in a longer term downtrend with no end in sight.
The next World Cup will jump to 48 teams. Is bigger better?
The next World Cup will be the biggest ever after world soccer body FIFA took the leap from a 32-team field to 48 teams in 2026.
Is Apple a stock to buy or avoid? Two asset managers face off
It’s been a tumultuous year for tech companies, though Apple has held up better than most. Two investors faced off on CNBC to make a case for and against buying the stock.
Bank of America says 2 global chip stocks could rise by 75% on EV car sales
The Wall Street bank said a shortage of semiconductors during a boom in electric vehicle sales could help raise profits at a handful of chip makers.
World Cup draws 765,000 visitors to Qatar in first 2 weeks, falling short of 1.2 million expected
Organizers identified the peak for international visitors to be Nov. 24-28 during the busy group stage, when 32 teams were playing four matches every day.
Wealthy Chinese keep on spending while others cut back, survey finds
More than a quarter of people with an annual household income above $49,286, said they increased spending this year, a McKinsey survey found.
Hong Kong stocks rise nearly 3% after reports say city is considering Covid rule easing
Hong Kong’s Hang Seng index rose, bucking the trend in the region after local media reported that the city is considering dropping its outdoor mask rule
S&P 500 closes higher to end longest losing streak since October
Stocks rose Thursday as the S&P 500 broke its longest losing streak since October and Wall Street evaluated the odds of a recession.
Former Theranos COO Sunny Balwani sentenced to nearly 13 years in prison
Sunny Balwani, the onetime COO and president of Theranos, was sentenced Wednesday in federal court on fraud charges, after Elizabeth Holmes was sentenced weeks ago.
