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Showing posts from December, 2021

Tadawul Group shares open 10% above listing price in Riyadh debut

"Today we mark a significant milestone for our transformation," Saudi Tadawul Group CEO Khalid Al Hussan told CNBC's Dan Murphy on Wednesday. from International: Top News And Analysis https://ift.tt/3IsoP22

Tighter Covid restrictions could reportedly be announced for England as omicron spreads

The U.K. government could be poised to announced more Covid restrictions for England as soon as Wednesday, according to a report in the Financial Times. from International: Top News And Analysis https://ift.tt/3GqfxSl

Social Democrat Olaf Scholz elected German leader as Merkel era ends

Scholz, a member of the center-left SPD party, will lead a three-party coalition with the Greens and the pro-business FDP party. from International: Top News And Analysis https://ift.tt/3lIRkP6

Symptoms, vaccine evasion and a new 'offshoot': What we know now about the omicron Covid variant

Day by day, more information has emerged regarding the spread of the variant, as well as anecdotal evidence and preliminary data about its risk profile. from International: Top News And Analysis https://ift.tt/3IyQi1Z

India's central bank holds interest rates steady, says growth needs to be 'self-sustaining'

The Reserve Bank of India's monetary policy committee voted to keep the repo rate — the rate at which the RBI lends to commercial banks — unchanged at 4%. from International: Top News And Analysis https://ift.tt/3dy4LgC

These are the 50 'best bars' in the world for 2021

The best bar in the world is London's Connaught Bar, which topped "The World's 50 Best Bars" list for the second year in a row. from International: Top News And Analysis https://ift.tt/3pBQ41F

China is reportedly tightening its grip on tech start-ups trying to tap foreign funding

China is drawing up a blacklist targeting new companies in sensitive sectors that use the variable interest entity structure, reported the Financial Times. from International: Top News And Analysis https://ift.tt/3pFlKTw

Why billionaire Ray Dalio thinks another economic disaster is coming — and how he recommends preparing for it

Hedge fund billionaire Ray Dalio gives advice on how to prepare yourself for future financial catastrophes — and what could tank the American economy next. from International: Top News And Analysis https://ift.tt/31yCMdP

WHO wades into vaccine mandates dispute, saying they should be an 'absolute last resort'

The comments come as an increasing number of governments are considering, or planning to introduce, compulsory vaccinations. from International: Top News And Analysis https://ift.tt/3EC3jWg

Elon Musk says 'civilization is going to crumble' if people don't have more children

The tech billionaire said low and rapidly declining birth rates are "one of the biggest risks to civilization." from International: Top News And Analysis https://ift.tt/338W8Hl

Intel plans to take self-driving car unit public in the U.S. in mid-2022

Intel has announced that it plans to list Mobileye, the Israeli autonomous driving firm it acquired for $15.3 billion in 2017. from International: Top News And Analysis https://ift.tt/3IqFdjy

Biden wants to prevent Russia-Ukraine conflict, but experts say time is running out

There are widespread concerns about Russian military activity on the border with Ukraine and its increasingly aggressive rhetoric. from International: Top News And Analysis https://ift.tt/3Is95fC

UAE to shift weekend to Saturday and Sunday from next year

The United Arab Emirates will have a 4.5-day working week, with the weekend starting on Friday afternoon and lasting until Sunday. from International: Top News And Analysis https://ift.tt/31udn5w

European start-up funding triples to a new record above $100 billion this year

Start-ups in Europe are on track to haul in a record $121 billion in funding this year, according to a report from venture capital firm Atomico. from International: Top News And Analysis https://ift.tt/3oDFcRH

India and Russia broaden defense ties despite potential risk of U.S. sanctions

The two countries signed 28 agreements and inked a 10-year defense cooperation pact. from International: Top News And Analysis https://ift.tt/3lFMl1I

Hong Kong, Japan stocks jump 2% as Wall Street rallies on omicron optimism; Alibaba surges 10%

Dr. Anthony Fauci had said that the initial data on the omicron variant was "encouraging," though he cautioned that more information was needed to fully understand it. from International: Top News And Analysis https://ift.tt/3lFKQ3P

European markets head for mixed open as investors weigh up omicron risks

European stocks are expected to open in mixed territory on Tuesday as investors weigh up new developments relating to the omicron Covid variant. from International: Top News And Analysis https://ift.tt/3rHwLXb

Evergrande set for restructuring, with no word on first formal default

Evergrande is set to forge ahead into a restructuring that would include all of its offshore public bonds and private debt, according to analysts. from International: Top News And Analysis https://ift.tt/3rHjFtd

Saudi Aramco CEO warns of social unrest if new investment in fossil fuels ends too quickly

Nasser's remarks come amid growing pressure on oil and gas producers to limit production of climate-changing fossil fuels. from International: Top News And Analysis https://ift.tt/3dnj8UV

Stock futures are flat after a rebound in markets as investors reassess omicron risk

The overnight session followed a comeback on Wall Street that saw the blue-chip Dow gain nearly 650 points. from International: Top News And Analysis https://ift.tt/3lIF29H

Toyota to build $1.29 billion EV battery plant in North Carolina, create 1,750 jobs

Toyota expects the facility to be capable of producing enough lithium-ion batteries for 200,000 vehicles when production begins in 2025. from International: Top News And Analysis https://ift.tt/3pzWONc

WHO strongly advises against convalescent plasma for treating Covid patients

The WHO issued a strong recommendation against administering convalescent plasma to treat Covid patients, citing research that shows no improvement in patients. from International: Top News And Analysis https://ift.tt/3GiksVp

Tesla is replacing faulty Autopilot cameras in some cars, internal documents say

Tesla found faulty printed circuit boards are causing problems with cameras that enable its Autopilot systems. from International: Top News And Analysis https://ift.tt/3rHCDQ7

Miami jury rules in favor of Craig Wright, who claimed to invent bitcoin

Australian computer scientist Craig Wright, who claims to be Satoshi Nakamoto, prevails in Miami court case. from International: Top News And Analysis https://ift.tt/3IqKVSI

'Modest downgrade': IMF likely to cut euro zone growth forecasts amid inflation, omicron fears

"We may have a very modest downgrade in the cards for the euro zone," IMF Managing Director Kristalina Georgieva told CNBC on Monday. from International: Top News And Analysis https://ift.tt/3Inr3jb

Omicron is prompting new rules for international travel to the U.S. Here's what you need to know

Starting Monday, inbound travelers to the U.S., including citizens, have to make time and budget for Covid tests closer to their departure date. from International: Top News And Analysis https://ift.tt/3pqsyEC

Boeing, travel stocks surge as investors shrug off omicron concerns

Airline shares recovered from a broad sell-off last week after signs of mild omicron cases. from International: Top News And Analysis https://ift.tt/3IssOvq

Wildfires produced record-breaking emissions this year from U.S. to Turkey

Blazes also devastated Greece, Italy, Albania, North Macedonia, Spain, Algeria and Tunisia this year, according to the Copernicus Atmosphere Monitoring Service. from International: Top News And Analysis https://ift.tt/3xYeyFU

Biden set to warn Putin in video call: Expect 'substantial' economic punishment if Russia attacks Ukraine

Ukraine has warned the United States and European allies that Russian troops have amassed along its eastern border. from International: Top News And Analysis https://ift.tt/3dsgrRK

Hedge fund pioneer Michael Steinhardt surrenders 180 stolen antiquities valued at $70 million, Manhattan DA Vance says

Hedge fund pioneer and philanthropist Michael Steinhardt has been banned for life from acquiring antiquities as part of a criminal probe. from International: Top News And Analysis https://ift.tt/3dnZBn1

Microsoft Office prices going up 20% for some business clients unless they move from monthly to annual subscriptions

Microsoft is trying to lock customers into longer terms for their Office subscriptions, but clients are pushing back in a number of ways. from International: Top News And Analysis https://ift.tt/3DyoV4u

U.S. diplomats will boycott Beijing Winter Olympics over human rights abuses

The Olympics boycott is due to China's "ongoing genocide and crimes against humanity in Xinjiang and other human rights abuses," Jen Psaki said. from International: Top News And Analysis https://ift.tt/3358osl

Trump SPAC under investigation by federal regulators, including SEC

Digitial World Acquisition Corp. said regulators have asked for information related to the SPAC's merger Donald Trump's new social media company. from International: Top News And Analysis https://ift.tt/3do268S

The case for loose monetary policy ‘just isn’t there anymore,’ top economist Jim O’Neill says

The Federal Reserve and the Bank of England are right to be turning hawkish, according to Jim O'Neill, senior advisor at Chatham House. from International: Top News And Analysis https://ift.tt/3dpnYkr

NYSE shakes up senior management with Lynn Martin replacing Stacey Cunningham as president

from International: Top News And Analysis https://ift.tt/3othFma

First data on omicron Covid variant's severity is 'encouraging,' Fauci says

Preliminary data is starting to emerge that could give us a clearer picture of the omicron Covid variant. from International: Top News And Analysis https://ift.tt/3rFCpJh

A major shift is underway at the Federal Reserve that could see a speedier end to its easy policies

The Fed is likely to decide to double the pace of its taper to $30 billion a month at its December meeting, comments from central bank officials suggest. from International: Top News And Analysis https://ift.tt/3IoyAyo

Tech giant SoftBank's shares get hit as Alibaba and Didi see stock slide

SoftBank portfolio companies including Alibaba, Arm and Didi Chuxing are all experiencing periods of uncertainty that have hit their market value. from International: Top News And Analysis https://ift.tt/3ooiH2S

Patek Philippe brings back the 'holy grail' of watches for 170 lucky buyers

Patek Philippe will make 170 special versions of its most popular watch, the Nautilus Ref. 5711, as part of a partnership with Tiffany & Co. from International: Top News And Analysis https://ift.tt/3lEptzM

Malaysia not 'as concerned' about capital outflows as Fed sets to taper, finance minister says

Finance Minister Tengku Zafrul Aziz said Malaysia's financial markets are "insulated" as the country has raised most of its debt locally. from International: Top News And Analysis https://ift.tt/3dmMMJE

Elon Musk has strong views on hydrogen. Not everyone agrees

Toyota and Hyundai have produced hydrogen fuel cell vehicles, while smaller manufacturers such as Riversimple are also working on hydrogen-powered cars. from International: Top News And Analysis https://ift.tt/3dqh6U2

Omicron Covid variant poses greater risk for the unvaccinated, former White House advisor says

There's reason to believe that current vaccines are going to be "quite effective" in combating the effects of the omicron strain, says Andy Slavitt. from International: Top News And Analysis https://ift.tt/3ErJ2mf

European stocks head for higher open as omicron variant, bitcoin volatility watched

European stocks are expected to open higher on Monday as investors continue to monitor developments around the omicron Covid variant and bitcoin volatility. from International: Top News And Analysis https://ift.tt/3lxQOUf

'Tip of the spear:' Venture capitalist says Chinese tech companies are just starting to go global

There has been a rise in Chinese tech companies finding success overseas. Xiaomi is the third-largest smartphone player and TikTok has a billion monthly users. from International: Top News And Analysis https://ift.tt/3EspSg9

This is how to play China's tech crackdown and these are the potential winners, according to one investor

One fund manager says Alibaba and Tencent are key "national champions" for China and lays out a strategy for investors looking at Chinese technology firms. from International: Top News And Analysis https://ift.tt/3lCgJu3

Japan, South Korean stocks drop 1%; investors monitor bitcoin volatility

Investors will keep an eye on bitcoin prices after they fell sharply over the weekend. from International: Top News And Analysis https://ift.tt/3y0MGBg

Steve Cohen-backed start-up bets on 24-hour trading so investors can react instantly to tweets

Steven Cohen's venture-capital fund Point72 Ventures is leading a $14 million funding round for 24 Exchange. from International: Top News And Analysis https://ift.tt/3IoCgQH

Crypto investors see looming NFT bubble but tout staying power of the underlying tech

Crypto investors acknowledge the potential for a bubble behind NFTs but they’re still bullish on the underlying technology.  from International: Top News And Analysis https://ift.tt/3olbWPd

S&P 500 futures gain slightly despite recent tech stock selling, bitcoin's weekend rout

The moves came after a big sell-off in bitcoin during the weekend. from International: Top News And Analysis https://ift.tt/31wNBNE

Hackers take $196 million from crypto exchange Bitmart, security firm says

Bitmart said all withdrawals had been temporarily suspended until further notice and a thorough security review was underway. from International: Top News And Analysis https://ift.tt/31vQfmE

As Google wades through legal fight over labor issues, ex-employees accuse company of mistreatment

Former Google employees filed a lawsuit this week that claims the company violated its own "Don't Be Evil" mission. from International: Top News And Analysis https://ift.tt/3Ie2Go9

Sexual misconduct allegation against CNN’s Chris Cuomo led to his firing, attorney says

CNN said it fired Cuomo after "new information" came to light during a review of how he helped his brother respond to sexual harassment allegations. from International: Top News And Analysis https://ift.tt/3xXA3Xr

Market history says omicron volatility isn't a reason for investors to sell

Last Friday's VIX spike of 54% on the omicron variant emergence has been followed by more big moves in the Dow, but VIX history says the bull market won't end. from International: Top News And Analysis https://ift.tt/3dr2Jys

Omicron Covid variant in at least 15 states and cases are likely to rise, CDC chief says

At least 15 states have detected the omicron coronavirus variant. from International: Top News And Analysis https://ift.tt/3rxn1yO

Bitcoin stabilizes at $49,000 after Friday's overnight plunge

Bitcoin prices held steady on Sunday after a wild 48 hours of trading send the world's largest cryptocurrency tumbling. from International: Top News And Analysis https://ift.tt/3pnAGpo

CNN fires Chris Cuomo after new information found during review of how he helped brother Andrew Cuomo

CNN did not provide further detail on what new information was found. from International: Top News And Analysis https://ift.tt/3djHT42

Here’s what makes ‘positive parenting’ different—and why psychologists say it's one of the best parenting styles

There's no shortage of parenting styles these days. But according to parenting expert Amy McCready, "positive parenting" is one of the most effective. Here's why psychologists agree — and how it works. from International: Top News And Analysis https://ift.tt/3IhFjKn

Amazon is making its own containers and bypassing supply chain chaos with chartered ships and long-haul planes

Amazon is avoiding supply chain chaos by making its own containers, chartering ships and leasing long-haul planes to get goods from China to the U.S. faster from International: Top News And Analysis https://ift.tt/3lzFOWa

Bitcoin and ether prices drop sharply, falling more than 10%

Bitcoin prices dropped sharply on Saturday afternoon, plunging more than 10% to hit a low of over $43,000. from International: Top News And Analysis https://ift.tt/3rAHvXw

Charlie Munger says he wishes cryptocurrencies had 'never been invented' and admires China for banning them

Billionaire investor Charlie Munger still isn't a fan of cryptocurrency: "I wish they'd never been invented," he reportedly said. from International: Top News And Analysis https://ift.tt/3Eoxdgq

The top 10 cities for expats living and working abroad in 2021

Expats rated their new home city based on quality of life, ease of settling in, personal finance and working abroad factors. from International: Top News And Analysis https://ift.tt/2ZFGJg6

All of the stocks in Cathie Wood's Ark Innovation fund are in a bear market except 2

Wood's main exchange-traded fund, which trades under ticker ARKK, is down more than 12% this week, on pace of its worst week since February. from International: Top News And Analysis https://ift.tt/3ojwIyD

Biden administration seeks to prevent potential Russian invasion of Ukraine

The Biden administration said it is consulting with Congress and allies on options aimed at dissuading Russia from carrying out a potential attack on Ukraine. from International: Top News And Analysis https://ift.tt/3piUeeA

Influential Koch network rocked by an alleged affair scandal, donor departures and a discrimination lawsuit

The influential, libertarian-leaning Koch network has been rocked by an alleged affair scandal, departures of key donors and a workplace discrimination lawsuit. from International: Top News And Analysis https://ift.tt/3dk2fdK

More turbulence could be ahead for stocks as investors weigh omicron and the Fed’s next steps

The market could continue to hit turbulence, after a week of violent swings that sent many stocks deep into correction territory. from International: Top News And Analysis https://ift.tt/2ZQzQIX

WHO says Covid omicron variant detected in 38 countries, early data suggests it's more contagious than delta

The WHO's Maria Van Kerkhove said there are early indications omicron is more infectious, but additional data is needed. from International: Top News And Analysis https://ift.tt/2ZPlatB

The worst-performing tech stocks this week suggest the U.S. is done with Covid lockdowns

DocuSign, Etsy, DoorDash and Zoom are among the biggest losers, while HP, Apple and Cisco saw gains. from International: Top News And Analysis https://ift.tt/3ojy2Sa

Fauci says booster shots likely give cross protection against 'wide range' of Covid variants

Dr. Anthony Fauci said studies suggest booster shots could give cross protection against a "wide range" of Covid variants, but noted it has not been proven yet. from International: Top News And Analysis https://ift.tt/3lyYNQL

Iberdrola and H2 Green Steel team up for huge $2.6 billion green hydrogen project

The development will be situated on the Iberian Peninsula and is set to come online in 2025 or 2026. from International: Top News And Analysis https://ift.tt/3deaecj

Germany steps closer to making Covid vaccines mandatory, imposes strict curbs on unvaccinated

German lawmakers plan to vote on a vaccine mandate by February, while millions of unvaccinated people face fresh restrictions. from International: Top News And Analysis https://ift.tt/3prcsuk

It remains to be seen if China is really on Iran's side at the nuclear talks, researcher says

Indirect talks between Iran and the U.S. kicked off on Monday, as the two countries look to revive the 2015 nuclear deal. from International: Top News And Analysis https://ift.tt/3rs19ou

Didi shares surge despite plan to delist from the U.S.

Shares of Didi soared as much as 14% in U.S. premarket trading Friday. from International: Top News And Analysis https://ift.tt/3deXB0i

Fidelity International CEO 'strongly' believes central banks should wait to tighten policy

Holding off on tightening policy is a "lesser evil than acting prematurely," says Anne Richards, from Fidelity International. from International: Top News And Analysis https://ift.tt/3ogPRS2

Chinese electric car start-up Hycan claims funding of more than $300 million is on the way

Chinese electric car start-up Hycan claims it's on the verge of a large fundraise as investors pour more money into a hot sector. from International: Top News And Analysis https://ift.tt/3Df0tF3

Fed's inflation pivot could be catastrophic for stocks, fund manager says

Fed Chair Jerome Powell's retirement of the term "transitory" could have a bleak effect on risk assets, according to Cole Smead of Smead Capital Management. from International: Top News And Analysis https://ift.tt/3oeQvzj

Nvidia's $40 billion Arm acquisition is now ‘highly unlikely’ to go through, analyst says

Nvidia's acquisition of British chip designer Arm is looking increasingly unlikely, according to Gartner semiconductor analyst Alan Priestley. from International: Top News And Analysis https://ift.tt/2ZNFLhW

Aviation expert claims 'knee-jerk' omicron border restrictions show countries haven't learned much

Peter Harbison, chairman emeritus of CAPA, or Centre for Aviation, called for a "multilateral consensus" on Covid-19 border policies. from International: Top News And Analysis https://ift.tt/3lwxHd1

China is a better short-term bet than India, says Jefferies

China will be less vulnerable than India to the U.S. Federal Reserve's policy tightening moves, according to Christopher Wood of Jefferies. from International: Top News And Analysis https://ift.tt/3Ep2pfF

Senate passes bill to prevent a government shutdown, sending it to Biden

The Senate passed a short-term government funding bill on Thursday night, sending it to Biden's desk a day before a Friday deadline to prevent a shutdown. from International: Top News And Analysis https://ift.tt/3d9rm2R

Didi says it will delist from the U.S. and prepare to list in Hong Kong

from International: Top News And Analysis https://ift.tt/3ohQYkj

Softbank-backed Grab falls more than 20% in first day of trading following largest-ever SPAC merger

SoftBank-backed ride-hailing giant Grab began trading on the Nasdaq on Thursday, becoming the largest-ever company to close a SPAC merger and go public. from International: Top News And Analysis https://ift.tt/31rFa5S

Asia-Pacific stocks mixed as investors continue to monitor omicron Covid variant

Shares on Wall Street saw a sharp rebound overnight, with the Dow Jones Industrial Average surging more than 600 points. from International: Top News And Analysis https://ift.tt/3rAkcwO

SEC finalizes rule that allows it to delist foreign stocks for failure to meet audit requirements

On Thursday, the Securities and Exchange Commission adopted amendments to finalize rules to implement the Holding Foreign Companies Accountable Act. from International: Top News And Analysis https://ift.tt/32JTLKG

Six different Covid vaccines are safe and effective when used as boosters, UK study finds

The peer-reviewed phase 2 trial analyzed the safety and efficacy of seven vaccines when administered as booster shots. from International: Top News And Analysis https://ift.tt/3xNQqpq

New York officials confirm 5 cases of omicron Covid variant across state

from International: Top News And Analysis https://ift.tt/3dbl9U5

Stock futures dip slightly ahead of November jobs report as omicron concerns loom

The November jobs report is set for release Friday morning. from International: Top News And Analysis https://ift.tt/31s3Mf6

Google workers in U.S. won't return to office as expected on Jan. 10

The latest delay comes after several previous postponements amid the Covid-19 pandemic. from International: Top News And Analysis https://ift.tt/31qXLzr

Biden says he doesn't want lockdowns and won't expand vaccine mandates to fight Covid this winter

President Joe Biden said on Thursday his plan to fight Covid during the winter doesn't include shutdowns or lockdowns. from International: Top News And Analysis https://ift.tt/3de2lDz

FTC sues to block Nvidia's $40 billion acquisition of Arm

The deal has faced scrutiny from regulators since it was announced last year, and the U.S. action is the biggest hurdle it has faced yet. from International: Top News And Analysis https://ift.tt/3lvt9DH

Tesla says it needs graphite from China for batteries, requests tariff waiver

Tesla filed three public comments on Wednesday supporting waivers for tariffs on graphite, which is used in the lithium-ion batteries in its cars. from International: Top News And Analysis https://ift.tt/3pjdecZ

Omicron clouds outlook for international travel that was just turning a corner

The U.S., U.K. and other nations have revived travel restrictions just as demand was recovering. from International: Top News And Analysis https://ift.tt/3IdxxB0

European markets head for lower open as omicron Covid variant fears return

European stocks are expected to open lower on Thursday as concerns persist over the omicron Covid variant. from International: Top News And Analysis https://ift.tt/3xKLbGW

Tencent exec says WeChat Pay will soon be available ‘in all places’

Barriers between China's tech giants like Alibaba and Tencent are coming down as the companies rush to comply with Beijing's anti-monopoly crackdown. from International: Top News And Analysis https://ift.tt/32Txevd

Cramer says to start buying these 'bargain basement stocks' now before omicron fears pass

"For days I've told you we were waiting for the other shoe to drop and it just hit today," the "Mad Money" host said. from International: Top News And Analysis https://ift.tt/31jRHZo

Alec Baldwin says he did not pull the trigger before the bullet struck, killed 'Rust' cinematographer

In a released excerpt of an "ABC News" interview, the actor said he does not know how a live bullet ended up on the set of the film. from International: Top News And Analysis https://ift.tt/3xHc4Ma

This interactive map shows where the Covid omicron variant has been detected

From the U.S. to Germany and Saudi Arabia to Australia, the omicron Covid-19 variant has spread to dozens of countries globally. from International: Top News And Analysis https://ift.tt/3ocYGfn

Razer shares fall over 8% after group including co-founder offers to take company private

A consortium that includes co-founder Tan Min-Liang made an offer to take the Hong Kong-listed gaming hardware company private. from International: Top News And Analysis https://ift.tt/31nADkV

Qualcomm jumps into hot gaming market with new chip for portable game consoles

The Snapdragon G3x chip will debut in a portable device made by Razer that resembles a Nintendo Switch that can play Android games. from International: Top News And Analysis https://ift.tt/3lnq5JS

'The crisis is not yet over': Omicron variant could deal another blow to supply chains

Just as it appeared like the crisis was beginning to stabilize, the industry may now face yet another blow: the new omicron Covid variant. from International: Top News And Analysis https://ift.tt/3ErAQlK

Oil may hit $150 and a surge could 'definitely escalate an inflation scare,' says Jefferies

Oil prices could move "a lot higher" and hit $150 when the world fully reopens, says Christopher Wood from Jefferies. from International: Top News And Analysis https://ift.tt/3DaKgAI

Asia-Pacific stocks fall as omicron variant fears continue to weigh on market sentiment

Stocks on Wall Street saw a sharp reversal overnight after the Centers for Disease Control and Prevention confirmed the first case of omicron in the U.S. from International: Top News And Analysis https://ift.tt/3DcDfzt

Apple backs exemptions for Trump tariffs on Apple Watches and Mac Pro parts

The filings are a step in a process that could lead to an exclusion for 7.5% tariffs on Apple Watch imports and 25% tariffs on Mac Pro components. from International: Top News And Analysis https://ift.tt/3ocU0WU

Stock futures inch higher after sell-off prompted by first U.S. omicron case

U.S. stock index futures inched higher during overnight trading on Wednesday. from International: Top News And Analysis https://ift.tt/3ofZGzH

CEOs and insiders sell a record $69 billion of their stock, and the year isn't over yet

From Satya Nadella at Microsoft to Jeff Bezos and Elon Musk, CEOs, founders and insiders have been cashing in their stock at the highest pace on record. from International: Top News And Analysis https://ift.tt/3lpIfuH

GM to form new joint venture to produce crucial materials for EVs

GM and South Korea-base Posco plan to open a new North American facility to process critical battery materials known as Cathode Active Material in 2024. from International: Top News And Analysis https://ift.tt/2ZGznce

Jack Dorsey’s Square changes corporate name to Block

Square is renaming itself Block as it focuses on technologies like blockchain and expands beyond its original card reader business. from International: Top News And Analysis https://ift.tt/3EdPME4

Apple loses key autos engineer to electric aviation startup Archer

The move shows that tech start-ups attacking climate issues can attract the most qualified engineers. from International: Top News And Analysis https://ift.tt/31i4zz1

First U.S. omicron patient was fully vaccinated and has mild Covid symptoms, officials say

The individual has mild symptoms, has not been hospitalized and is improving, Gov. Gavin Newsom said. from International: Top News And Analysis https://ift.tt/32R4WkZ

Disney names Susan Arnold as board chair, replacing Bob Iger

Susan Arnold is taking over as Chairman of the Board, the company announced Wednesday. from International: Top News And Analysis https://ift.tt/3EfQPn6

Salesforce stock has worst day since beginning of pandemic after disappointing earnings forecast

Salesforce shares plunged 10% on Wednesday, their steepest drop since March 2020, after the company's forecast for the current quarter missed estimates. from International: Top News And Analysis https://ift.tt/3lqBEQs

Pentagon calls for stop to anti-satellite weapons testing after Russian demo debris threatened ISS

The Pentagon called for global halt to anti-satellite weapons testing on Wednesday, further decrying the practice after Russia's destructive demonstration. from International: Top News And Analysis https://ift.tt/3Ehs0ah

Trump SPAC social media company appears to miss its first product deadline

Trump Media & Technology Group appears to have missed its own November deadline to launch an invitation-only version of "Truth Social," its Twitter alternative. from International: Top News And Analysis https://ift.tt/3oafPqg

U.S. confirms nation's first case of omicron Covid variant in California

The patient, who was fully vaccinated, returned from traveling in South Africa to the San Francisco area on Nov. 22 and tested positive for omicron on Nov. 29. from International: Top News And Analysis https://ift.tt/3Ibz8at

GM raises 2021 earnings guidance on pricing and better chip supply

The new guidance will likely please investors who were disappointed with the company previously only guiding to the "high end" of its range. from International: Top News And Analysis https://ift.tt/2ZJkWUZ

HSBC takes on fintechs with UK investing feature aimed at younger clients

HSBC is launching a new feature in its mobile app that lets U.K. customers invest in a range of ready-made funds. from International: Top News And Analysis https://ift.tt/3d4SsIp

Supply chain chaos to persist through to next summer, Siemens chairman says

Supply chain chaos will likely persist through to the middle of next year, according to Jim Snabe, chairman of German conglomerate Siemens. from International: Top News And Analysis https://ift.tt/3oaGfbe

OPEC to decide on oil output policy as omicron Covid variant rattles markets

There is little sign OPEC+ intends to change course from its current output plan of a monthly hike of 400,000 barrels per day. from International: Top News And Analysis https://ift.tt/3d5V60z

Private payrolls post better-than-expected growth of 534,000 in November, ADP says

Private payrolls increased by 534,000 for the month, better than the Dow Jones estimate of 506,000 in a labor market that appears to be getting tighter. from International: Top News And Analysis https://ift.tt/31iMHUX

Ukraine border fears escalate as officials thrash out details of Biden-Putin meeting

Uncertainty has shrouded a potential meeting between President Biden and President Putin as fears mount that Russia could be preparing to invade Ukraine. from International: Top News And Analysis https://ift.tt/3EdKjNG

Greece imposes monthly fines of 100 euros on the over-60s who refuse a Covid vaccine

Failure to get a first dose of a coronavirus shot by Jan. 16 for anyone aged 60 or over will result in a monthly fine of 100 euros ($114). from International: Top News And Analysis https://ift.tt/3pjcFzI

Vaccine inequality is to blame for Covid omicron variant, Rockefeller Foundation president says

New Covid-19 variants are a result of the failure of the richest nations to share their vaccines, says the Rockefeller Foundation's president. from International: Top News And Analysis https://ift.tt/3xNLq4b