Business

Mark Cuban might be a billionaire now but, before he became a successful entrepreneur, Cuban had to pinch pennies.While in his 20s, shortly after moving to Dallas with only $60 in his pocket, Cuban tried every money-saving hack he could think of to stretch what little cash he...

The market seems to be saying that the jobs data was not enough to deter the Fed from raising interest rates 75 basis points again.

Virgin Atlantic has not operated any passenger flights to Hong Kong since December 2021, after the city-state suspended all flights from the U.K. due to a resurgence in Covid-19 cases.Sopa Images | Lightrocket | Getty ImagesBritish airline Virgin Atlantic announced Wednesday it was permanently ceasing operations in Hong...

Tesla 's fourth-quarter results are an early sign that the pioneering automaker has entered a new stage, according to Wedbush analyst Dan Ives. Tesla beat estimates on the top and bottom lines for the fourth quarter . However, its automotive gross margin came in at 25.9%, down from...

Billionaire hedge fund manager Bill Ackman is skeptical of the Federal Reserve's ability to bring down inflation, seeing structurally higher prices lingering. "Long-term interest rates are meaningfully below where they're going to go and we think that is, of course, a risk for equities," Ackman said on a quarterly investor call for Pershing Square Holdings Thursday. "A...

U.S. Senator John Fetterman (D-PA), leaves a classified briefing for U.S. Senators about the latest unknown objects shot down by the U.S. military, on Capitol Hill in Washington, U.S., February 14, 2023. Evelyn Hockstein | ReutersSen. John Fetterman, D-Pa., will receive inpatient hospital care for "a few weeks" as...

In Singapore, nearly 90% of Singapore CEOs have embarked on or are planning a hiring freeze over the next six months, KPMG says.Roslan Rahman | Afp | Getty ImagesGlobal CEOs are anticipating a recession in the next 12 months, according to a new survey by professional services firm...

The Nasdaq Composite was the stock market leader, roaring to an all-time high a year ago. But now in a deep bear market, it may be awhile before the index and big cap tech can lead stocks higher again. Since that Nov. 19, 2021, closing high, the Nasdaq...

It's time to step to the sidelines on solar power stock Enphase Energy , according to Piper Sandler. Analyst Kashy Harrison downgraded shares to neutral from overweight, saying the U.S. residential solar power market could undergo a reset this year on weaker demand. "We still view ENPH as...

Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/IllustrationDado Ruvic | ReutersBitcoin's lack of volatility lately isn't a bad thing and could actually point to signs of a "bottoming out" in prices, analysts and investors told CNBC.Digital currencies have fallen sharply since a...