business news

Buy the dip or time to sell stocks? Here’s what Wall Street experts say

Buy the dip or time to sell stocks? Here’s what Wall Street experts say With the recent carnage on Wall Street, CNBC Pro asks strategists and investors what’s next for stocks and where they see pockets of opportunity in the weeks ahead. US stocks briefly fell into bear market on Friday, as the broad-based S&P …

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Asia Markets: Stocks, economic growth, earnings

Asia Markets: Stocks, economic growth, earnings SINGAPORE — Shares in the Asia-Pacific region traded higher early on Monday as global concerns continue to plague markets. In Japan markets, the Nikkei 225 rose 0.94%, while the Topix climbed 0.85%. Australia’s S&P/ASX 200 advanced 0.32%. The Kospi in South Korea was 0.44% higher, while the Kosdaq was …

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Hyundai plans $5 billion investment in US on mobility technology

Hyundai plans $5 billion investment in US on mobility technology Drew Angerer | Getty Images News | Getty Images Hyundai Motor said on Sunday it plans to invest $5 billion in the US by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and AI The investment comes alongside the automaker’s recent …

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Oxfam slams billionaire pandemic ‘bonanza’ as millions face poverty

Oxfam slams billionaire pandemic ‘bonanza’ as millions face poverty Olga Shumytskaya | moment | Getty Images A new billionaire arose every 30 hours during the Covid-19 pandemic, and nearly a million could fall into it extreme poverty at around the same rate in 2022. Those are the sobering statistics recently released by Oxfam. There were …

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Elon Musk’s SpaceX looks to raise $1.7 billion in new funding

Elon Musk’s SpaceX looks to raise $1.7 billion in new funding A Falcon 9 rocket launches a batch of Starlink satellites to orbit on April 29, 2022. SpaceX SpaceX is raising a massive round of fresh funding, CNBC has learned, sending the private company’s valuation to about $127 billion. The space venture is looking to …

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Inflation is rising, but fans are paying for NBA, NFL, other sports tickets

Inflation is rising, but fans are paying for NBA, NFL, other sports tickets People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means big demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a …

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Stock futures rise after Dow falls for 8th-straight week in relentless sell-off

Stock futures rise after Dow falls for 8th-straight week in relentless sell-off Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures rose in overnight trading Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a broader market sell-off. Futures on the Dow industrial average gained 130 points, or …

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What a recession means for workers battle over return to office

What a recession means for workers battle over return to office People enter the Goldman Sachs headquarters building in New York, US, on Monday, June 14, 2021. Michael Nagel | Bloomberg | Getty Images A long-running employee’s market had made it difficult for employers to tug the reins and force remote workers back to the …

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Any potential recession will be ‘light’: Qatar Investment Authority CEO

Any potential recession will be ‘light’: Qatar Investment Authority CEO The CEO of Qatar’s sovereign wealth fund believes that if the world sees a recession, it will be “light.” Rising fears of a looming recession pushed US stocks briefly into a bear market on Friday, as Covid-19 related shutdowns in China, rising interest rates and …

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Why the fund shorting Cathie Wood’s ARKK is now ultra-long the ETF

Why the fund shorting Cathie Wood’s ARKK is now ultra-long the ETF The ETF shorting Cathie Wood’s ARK Innovation Fund (ARKK) has been a big winner in 2022. The Tuttle Capital Short Innovation ETF (SARK) has soared more than 75% year-to-date while the ARKK ETF has fallen more than 55% in the same time period. …

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