Bitcoin tops $17,000 for the first time in two weeks but analysts don’t expect the bounce to stick
Investor confidence in cryptocurrencies has been hammered after FTX collapsed, sending shockwaves through the entire industry.
Transitory inflation talk is back. But economists say higher prices are here to stay
Global markets have taken heart in recent weeks from data indicating that inflation may have peaked, but analysts have warned against the return of the “transitory” inflation narrative.
China’s Tencent bets on cloud computing growth abroad as its core video games business takes a beating
The move marks a realization that Tencent needs to find new sources of growth abroad as China’s economy slows.
Peter Thiel’s VC fund backs TreeCard, a fintech that plants trees when you spend
The deal underscores increased interest from VC investors in companies addressing climate change.
Chinese astronauts board space station in historic mission
Three Chinese astronauts arrived on Wednesday at China’s space station for the first in-orbit crew rotation in Chinese space history.
‘Wild ride’: Morgan Stanley’s Mike Wilson predicts double-digit percentage drop will hit stocks in early 2023
Morgan Stanley top U.S. strategist Mike Wilson believes investors are on the doorstep of a deep pullback due to an acceleration of downward earnings revisions.
As Wall Street strikes a bearish tone, these global stocks with margin growth could be safe bets
Wall Street is urging investors to stay defensive. CNBC Pro screened for stocks with margin growth, which analysts are backing looking ahead.
Goldman Sachs’ Currie says oil stocks are trading ‘far below’ their long-term trend
Goldman Sachs’ head of commodities research said there is a “catch-up game” between oil prices and equities right now.
China’s factory activity at lowest reading since April; Hong Kong stocks briefly rise 2%
Asia-Pacific shares were mostly higher on Wednesday as data on China’s November factory activity came in lower than expected.
Elon Musk may be luring Apple into a fight with Republicans
Comments that Florida’s Republican governor, Ron DeSantis, made Tuesday highlight the risks Elon Musk poses to Apple.
