After reducing headcount by about 10%, CEO Sebastian Siemiatkowski said Klarna will return to profitability on a monthly basis by summer 2023.
Superyacht rentals, private jets and a soccer-themed hotel: Dubai is cashing in on the Qatar World Cup
The UAE’s commercial capital of Dubai is set to see an estimated 1 million additional visitors during the course of the soccer tournament, according to the Dubai Sports Council.
Bulgari says wealthier consumers continue to spend despite growing recession fears
Jean Christophe-Babin of Bulgari Group says while demand for entry-level products tends to contract in recessionary times, higher-end consumers still have disposable income.
New York introduces expensive new luxury parking infrastructure
CNBC’s Robert Frank joins ‘Power Lunch’ to discuss a revolution in parking infrastructure in New York known as posh parking — spots can cost $300,000 or more.
Fed officials see smaller rate hikes coming ‘soon,’ minutes show
The Federal Reserve on Wednesday released minutes from its Nov. 1-2 meeting.
IRS warns taxpayers about new $600 threshold for third-party payment reporting
The IRS on Tuesday warned taxpayers about the new $600 threshold for receiving Form 1099-K for third-party payments. Here’s why you may receive one.
With TV prices down 17%, Black Friday shoppers may find ‘excellent deals’
TVs are among the few consumer items to fall in price in the last year, amid broader inflation. Here’s what to watch on Black Friday and Cyber Monday.
Stocks making the biggest moves midday: Citigroup, Manchester United, Nordstrom, Tesla and more
These are the stocks posting the largest moves in midday trading Wednesday, Nov. 23.
Citigroup faulted by U.S. banking regulators for poor data management in ‘living will’ review
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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.