Charlie Munger says crypto is a bad combo of fraud and delusion — ‘good for kidnappers’
“This is a very, very bad thing. The country did not need a currency that was good for kidnappers,” Munger said in an interview with CNBC’s Becky Quick Tuesday.
Apple rolls out iPhone emergency SOS satellite alert service for when you’re off the grid. Here’s how it works
A new feature on the iPhone 14 called emergency SOS via satellite allows you to text emergency services when you don’t have a cell connection.
FTX says it could have over 1 million creditors in new bankruptcy filing
In an updated filing Tuesday, FTX said there could be more than one million creditors with claims in its bankruptcy case.
‘We will see spectacular failures’: CEOs and investors on what the end of cheap money means for tech
Multibillion-dollar unicorn companies will collapse in “spectacular failures,” one venture capitalist told CNBC.
Deglobalization is not an option for any one of us, German Chancellor Olaf Scholz says
German Chancellor Olaf Scholz and Singapore Deputy Prime Minister Lawrence Wong have taken a united stance on continuing to work with China.
Buffett may have invested in TSMC too early, analyst says, predicting the best time to buy
John Blank, chief equity strategist at Zacks Investment Research, says the downside pressure on that stock means it could fall further.
Unregulated crypto exchanges are looking like a ‘dying breed,’ says investment firm
Mark Carnegie of MHC Digital Group discusses the fallout from FTX’s bankruptcy.
British government to usher in new era of austerity in effort to restore market confidence
Finance Minister Jeremy Hunt must weigh the country’s economic peril against his party’s political survival as he delivers a long-awaited fiscal statement Thursday.
China’s October retail and industrial data miss expectations
Three indicators on China’s economy in October missed expectations, according to data released by China’s National Bureau of Statistics on Tuesday.
What is the G-20, and what has it accomplished?
Established in 1999, the G-20 is an informal gathering of twenty of the world’s largest economies that convenes annually in an attempt to address the most pressing issues of our time. However, the bloc has repeatedly come under fire to failing to achie…
