business news

Michael Shi | Moment | Getty ImagesChina's power cuts this year are not likely to stretch too far beyond summer, as conditions of this year's power crunch are different from last year's, according to analysts.Power rationing in parts of…
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Bitcoin and ether ended Thursday in the red, but ether has surged more than 100% since mid-June.Yu Chun Christopher Wong | S3studio | Getty ImagesBitcoin on Friday fell to its lowest level in more than three weeks, dipping below $22,000…
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Dan LoebJustin Solomon | CNBCDaniel Loeb's Third Point has taken a new stake in Disney, pushing the entertainment giant to spin off its sports network ESPN, according to a letter obtained by CNBC's David Faber.The shares jumped as much…
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Michael Sonnenfeldt, Tiger 21 Scott Mlyn | CNBCThe members of Tiger 21 – a peer network of ultrahigh net worth entrepreneurs and investors – are putting most of their money to work in the stock market for the first time.Tiger 21 consists…
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CNBC's MacKenzie Sigalos and William Rudolf Lobkowicz in the Family Chapel of the Lobkowicz Palace depicting an early 18th-century altarpiece painting of St. Wenceslas, patron saint of the Czech nation.House of LobkowiczPRAGUE — It is…
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The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021.Dado Ruvic | ReutersThink the meme stock mania is so 2021? Just take a look at AMTD Digital.The…
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Dr. Charles Lim, Global Head of Quantum Communications and Cryptography, JP Morgan ChaseCourtesy: JP Morgan ChaseJPMorgan Chase has hired a Singapore-based quantum-computing expert to be the bank's global head for quantum communications…
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U.S. stocks fell Tuesday after Walmart cut its earnings forecast, sending other retail shares lower and adding to concern that consumer spending might not be strong enough to keep the U.S. out of a recession.The Dow Jones Industrial…
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President of the European Central Bank (ECB) Christine Lagarde speaks during a news conference following the ECB's monetary policy meeting, in Frankfurt, Germany, July 21, 2022.Wolfgang Rattay | ReutersThe European Central Bank toughened…
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Goldman Sachs on Monday posted profit and revenue that exceeded analysts' estimates as fixed income traders generated roughly $700 million more revenue than expected.Here's what the company reported compared with what Wall Street was…
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