These are the stocks posting the largest moves before the bell.
Beijing grinds to a near halt as China’s capital city battles Covid with more lockdowns
Baidu traffic data showed Beijing has fallen from being the most congested city in all of China to 74th place.
Musk says Twitter to launch ‘Verified’ service next week with a ‘gold check’ for companies
Elon Musk said the Twitter “Verified” service would have a “gold check” for companies, a grey colored one for government accounts and a blue one for individuals.
CNBC Stock World Cup: LVMH vs. Exxon — who wins?
In this round of CNBC’s Stock World Cup challenge, Jake Dollarhide of Longbow Asset Management weighs in on whether LVMH or Exxon is a better bet in giving investors a greater total return in the next year.
U.S. shoppers alone in boosting Black Friday spend as cost-of-living crisis hits Europe
Bargain-hunting shoppers will be expecting retailers to cut prices by a greater margin this year as they tighten their belts amid a worsening cost-of-living crisis.
Binance deploys $1 billion to keep crypto industry afloat after FTX collapse
Binance said it may increase that amount to $2 billion at a point in time in the future “if the need arises.”
CEO of $4.5 billion tech firm slams his peers over layoffs: ‘These are humans’
The boss of European digital insurance startup Wefox decried how tech companies have laid off workers en masse.
Klarna CEO says firm was ‘lucky’ to cut jobs when it did, targets profitability in 2023
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.