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Get ready for a prolonged downturn that’s worse than 2000 or 2008, billionaire VC Doug Leone says
Sequoia Capital partner Doug Leone warned today’s economic downturn was “more difficult and more challenging” than recessions in 2000 and 2008.
The future of parking is in New York — and it costs at least $300,000 per space
Hidden deep below some of New York City’s most luxurious apartment buildings is an exclusive world of futuristic parking spaces.
Look inside a hi-tech parking spot that costs $300,000
Hidden deep below some of New York City’s most luxurious apartment buildings is an exclusive world of futuristic parking spaces where high-end vehicles are parked and retrieved by robotic parking machines. CNBC’s Ray Parisi shows you what it’s like to drive a car into an intelligent-parking system where a single spot starts at $300,000.
Stocks making the biggest moves premarket: Deere, HP, Nordstrom and others
These are the stocks posting the largest moves before the bell.
Credit Suisse shareholders greenlight $4.2 billion capital raise
Credit Suisse shareholders on Wednesday approved a 4 billion Swiss franc ($4.2 billion) capital raise aimed at financing the embattled lender’s massive strategic overhaul.
Credit Suisse projects $1.6 billion fourth-quarter loss as it embarks on strategy overhaul
Credit Suisse on Wednesday projected a 1.5 billion Swiss franc ($1.6 billion) fourth-quarter loss as it undertakes a massive strategic overhaul.
China may have ‘passed the point of no return’ as Covid infections soar
Surging Covid infections make it harder for China to achieve zero-Covid without reverting to a harsh lockdown, Macquarie’s Chief China Economist Larry Hu said.
CME Group CEO calls Bankman-Fried ‘an absolute fraud,’ says he saw trouble months before FTX collapse
CME Group chairman and CEO Terry Duffy suspected corruption at crypto exchange the day of his first one-on-one meeting with founder Sam Bankman-Fried.
Stocks making the biggest moves after hours: Nordstrom, Autodesk and more
These are the stocks posting the largest moves in extended trading.