Billionaire venture capitalist Doug Leone said there wasn’t much his firm Sequoia Capital could do to predict the solvency crisis at FTX.
Alibaba says 15% of China delivery areas were disrupted during Singles Day shopping festival
China’s Covid controls disrupted Alibaba’s ability to deliver packages, the company said, dragging down the e-commerce giant’s sales in a competitive market.
Stocks making the biggest moves after hours: Live Nation, Gap, Ross Stores, Palo Alto and more
These are the stocks posting the largest moves in post-market trading.
Visa says Ryan McInerney will replace Al Kelly as its next CEO
Ryan McInerney was named the next chief executive of Visa, replacing Alfred Kelly.
Taylor Swift public ticket sale on Friday is canceled, Ticketmaster says. But the secondary market can be ‘buyer beware’
After Ticketmaster canceled public ticket sale plans for Taylor Swift’s “The Eras Tour,” fans may turn to the “secondary” market to score a seat. But scams abound.
Tracking the bifurcation of consumer spending between luxury and budget goods
Oliver Chen, analyst at Cowen, and Scott Mushkin, analyst at R5 Capital, joins ‘Power Lunch’ to discuss consumer discretionary spending towards high-end versus budget goods, inflationary pressure on middle income consumers and holiday season purchase predictions.
Stocks making the biggest moves midday: Bath & Body Works, Norwegian Cruise Line, Macy’s and more
These are the stocks posting the largest moves in midday trading.
Jeff Bezos says ‘it’s really hard’ to give away money, while MacKenzie Scott announces $2 billion in donations
Jeff Bezos said “it’s really hard” to give away large sums of money in effective ways. His ex-wife, MacKenzie Scott, announced she’s given away $2 billion over the last seven months.
John Malone says he’s skeptical of ad-supported content as Netflix, Disney roll out ad tiers
Liberty Media Chairman told CNBC he’s doubtful that adding commercials to long-form streaming content would help media companies be successful in the long run.
Retirement savers seek safe havens within their 401(k) plans. They may regret it later
Workers who traded 401(k) holdings in October pulled money from stocks and moved to fixed income. That may feel good now, but likely means less money later.