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Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021

Created: Fri, 03 Feb 2023 22:29:22 GMT

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Cost cuts have replaced growth on Wall Street's checklist, and tech executives are being celebrated for efficiency over innovation.

Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low

Created: Fri, 03 Feb 2023 17:58:53 GMT

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Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.

Some of Wall Street's biggest names are exposed to the Adani Enterprises plunge

Created: Fri, 03 Feb 2023 14:47:01 GMT

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Shares of India's Adani Enterprises have plummeted over the past week after the publication of an extensive critical report from U.S. short-seller Hindenburg Research.

Blinken tells China its spy balloon was ‘irresponsible’ after canceling Beijing trip

Created: Fri, 03 Feb 2023 22:18:43 GMT

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Secretary of State Antony Blinken will postpone his trip to China next week after a suspected Beijing-operated spy balloon looming over parts of Montana.

Kyiv presses criminal charges against Wagner group chief; Germany announces more tanks for Ukraine

Created: Fri, 03 Feb 2023 22:14:27 GMT

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EU officials are likely to pour some cold water on Ukraine's membership hopes, as many reforms are still required in order to meet the bloc's requirements.

Goldman Sachs says European stocks will continue to outperform the U.S. Here's why

Created: Fri, 03 Feb 2023 06:16:55 GMT

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Goldman Sachs is doubling down on Europe's fortunes versus the U.S. this year — unless one specific market move occurs.

Stocks fall on Friday, but S&P 500 notches winning week as strong 2023 continues

Created: Fri, 03 Feb 2023 22:34:17 GMT

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Traders assessed a strong U.S. jobs report that suggest higher rates for longer, as well as disappointing tech earnings.

Buy this Chinese tech giant to play a $284 billion video gaming opportunity: Goldman Sachs

Created: Fri, 03 Feb 2023 01:15:18 GMT

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China is the world's largest online game market, according to Goldman Sachs, naming a Chinese tech giant it thinks is well-placed to cash in.

World's biggest pension fund posts loss in longest losing streak in two decades

Created: Fri, 03 Feb 2023 11:25:42 GMT

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A sharp drop in the value of the U.S. dollar against the yen weighed on the value of Japan's Government Pension Investment Fund's foreign assets.

China says suspected spy balloon over U.S. skies is a civilian airship

Created: Fri, 03 Feb 2023 15:41:54 GMT

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Chinese authorities said Friday that a suspected Beijing-operated spy balloon spotted hovering over sensitive U.S. airspace was in fact a civilian airship intended for scientific research.

Hong Kong is giving away 500,000 flights this year—here’s what to know

Created: Fri, 03 Feb 2023 20:34:06 GMT

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On Thursday, Hong Kong's leader John Lee announced the city is giving away 500,000 flights in an effort to revive its economy after strict pandemic policies.

There's a buzz about green hydrogen. But pink, produced using nuclear, may have a huge role to play too

Created: Fri, 03 Feb 2023 11:06:00 GMT

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CNBC's Sustainable Future takes a look at the emerging pink hydrogen sector and the role it could play in the planet's shift to a low-carbon future.

Samsung exec says he wouldn't give a smartphone to his daughter until she was 11

Created: Fri, 03 Feb 2023 14:22:10 GMT

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Plenty of parents are giving their children phones before then, according to a 2021 study by review site Common Sense Media.

Treasury yields leap after much hotter jobs report than expected

Created: Fri, 03 Feb 2023 21:21:50 GMT

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U.S. Treasury yields jumped up Friday following strong jobs data.

Blackouts, currency dives and corruption: Pakistan's economy is on the brink of collapse

Created: Fri, 03 Feb 2023 08:17:44 GMT

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Pakistan's foreign currency reserves are so depleted it has only enough to pay for roughly three weeks of imports.

Bill Gates says Elon Musk's ambition to colonize Mars is not a good use of money

Created: Fri, 03 Feb 2023 12:20:48 GMT

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In an interview with the BBC, Microsoft co-founder Bill Gates questioned whether Musk's vision of colonizing Mars was a good use of money.

Europe is set to ramp up its oil war against Russia — and markets are bracing for more disruption

Created: Fri, 03 Feb 2023 06:17:42 GMT

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It is thought that the EU's forthcoming embargo on Russian petroleum products will be both more complex and more disruptive than what has come before.

Ford CEO Jim Farley's frustration builds as he vows to transform the automaker

Created: Fri, 03 Feb 2023 11:07:33 GMT

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CEO Jim Farley wants Ford to become a far more efficient company, and he needs it to happen quickly.

Chinese Tesla rival Xpeng launches flagship EVs in Europe in international push

Created: Fri, 03 Feb 2023 10:06:57 GMT

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Xpeng, a Chinese electric vehicle startup, launched its P7 sedan and its G9 sports utility vehicle (SUV) in Denmark, Norway, the Netherlands and Sweden.

China's real estate crisis isn't over yet, IMF says

Created: Fri, 03 Feb 2023 09:00:01 GMT

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China needs to do more in order to fix its real estate problems, the International Monetary Fund said Friday.

Adani shares close higher after brief 35% plunge on Hindenburg jitters; Asia stocks mixed

Created: Fri, 03 Feb 2023 10:58:58 GMT

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Investors on Friday digested Wall Street's rally driven by technology stocks after Meta surged 23% on a better-than-expected earnings report.

S&P Dow Jones is knocking Adani Enterprises off its sustainability index

Created: Fri, 03 Feb 2023 05:53:34 GMT

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Adani Enterprises will be removed from the Dow Jones Sustainability Indices, effective Feb. 7, S&P said in an announcement.

Sanctions on Russian crude oil have 'failed completely,' oil analyst says

Created: Fri, 03 Feb 2023 07:43:18 GMT

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Sanctions imposed on Russian crude oil have so far have "failed completely" and new price caps could prove immaterial as well, analysts told CNBC.

Vietnam EV maker VinFast delays U.S. car deliveries until late February

Created: Fri, 03 Feb 2023 07:27:33 GMT

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It started to ship its first 999 EVs in November last year, but has not delivered them to customers yet after initially targeting December deliveries.

Hong Kong will give away half a million plane tickets. Here's who can get them first

Created: Fri, 03 Feb 2023 05:06:41 GMT

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The "Hello Hong Kong" campaign, launched Thursday, will offer 500,000 free air tickets over the next six months, starting in March.

Not a fan of cruising? The hack that could change your mind

Created: Thu, 02 Feb 2023 12:32:04 GMT

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Private shore excursions let cruisers make their own plans, choose their restaurants and spend the day with a local guide — without a cruise ship bus in sight.

An 81-year-old brain doctor's 7 'hard rules' for keeping your memory 'sharp as a whip'

Created: Thu, 02 Feb 2023 22:22:07 GMT

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Neuroscientist Richard Restak has spent decades studying how to enhance brain health and memory. Here's how he stays mentally sharp at 81 years old.

China's Tencent wants to expand its presence in Singapore — and Chinese tourists are a big reason

Created: Fri, 03 Feb 2023 02:59:36 GMT

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"We see Singapore as a strategic market for Weixin," Etienne Ng, Southeast Asia's regional director for Tencent's Weixin Pay, told CNBC in an email.

Apple sales drop 5% in largest quarterly revenue decline since 2016

Created: Fri, 03 Feb 2023 00:58:46 GMT

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Apple's overall sales for the holiday quarter were about 5% lower than last year's, the first year-over-year sales decline since 2019.

Charlie Munger says the U.S. should follow in China's footsteps and ban cryptocurrencies

Created: Fri, 03 Feb 2023 01:02:15 GMT

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"A cryptocurrency is not a currency, not a commodity, and not a security," the 99-year-old Munger said in an op-ed published in the WSJ Wednesday evening.