Former billionaire, Sam Bankman-Fried, saw a meteoric rise as crypto’s golden boy and an even more spectacular fall from grace as his $32 billion cryptocurrency exchange, FTX, collapsed in a matter of days. FTX customers and investors around the world watched in shock as a single tweet ignited a series of events that ended with… Continue reading The Collapse of FTX: Insiders Tell All
Is the party over? New data suggests revenge travel may be ending soon
After enduring years of inflation and rising travel prices, travel enthusiasm may be finally cracking under the pressure, new reports suggest.
China’s big ‘Golden Week’ is here. Three hot destinations for spending — and a stock with 95% upside
Three surveys of consumers in China reveal where they plan to spend during one of the biggest holidays since the country ended its Covid-19 controls.
Nike shares pop after mixed first quarter results. Here’s what the pros say
Pros on CNBC discussed Nike after the sneaker maker’s fiscal first-quarter earnings and gross margins topped analyst estimates, while sales missed.
Bill Ackman’s SPAC gets OK from the SEC and he’s ready for a deal: ‘please call me’
The Securities and Exchange Commission greenlit what the Pershing Square CEO has called a SPARC — a special purpose acquisition rights company.
Mark Cuban wants to give you personalized advice for free now—here’s how to get it
Mark Cuban’s Fireside streaming platform is launching an advice network, aimed primarily at helping entrepreneurs — and Cuban himself is set to be a part of it.
Stocks making the biggest moves midday: Tesla, Nike, Carnival, Nvidia and more
These are the stocks posting the largest moves in midday trading.
Citigroup CEO Jane Fraser sees ‘cracks’ emerging among some consumers as savings dry up
Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser.
LVMH boss Bernard Arnault under investigation in Paris over Russian oligarch transactions
The Paris public prosecutor’s office is investigating LVMH CEO Bernard Arnault over financial transactions involving Russian oligarch Nikolai Sarkisov.
The Fed’s favorite inflation indicator rose less than expected in August
The personal consumption expenditures (PCE) price index excluding food and energy increased 0.1% for the month, lower than the expected 0.2% gain.