Ray Dalio, founder of Bridgewater Associates LP, speaks during a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, May 25, 2022. Bloomberg | Bloomberg | Getty Images The financial market turmoil resulting from the U.K. government’s spending plan “suggests incompetence,” according to …

Customers try out new iPhones at an Apple store as iPhone 14 series go on sale on September 16, 2022 in Shanghai, China. VCG | Visual China Group | Getty Images Shares of Apple fell about 4% Wednesday on a report that the company has told suppliers to bail on …

Election commission members count votes of refugees from Russian-held regions of Ukraine for a referendum at a polling station in Simferopol, Crimea, on Sept. 27, 2022. Stringer | Afp | Getty Images The results from a series of so-called referendums that have taken place in occupied parts of Ukraine —which …

Housing costs across the U.S. have soared to near-astronomical levels in recent months — and the shift to remote work could be to blame, according to new research from the Federal Reserve Bank of San Francisco. Home prices rose 24% between November 2019 and November 2021, the research, which was …

The benefits of working with FIFA to create more jobs in Africa offsets the ongoing controversies surrounding Qatar’s hosting of the World Cup this year, the head of the World Trade Organization told CNBC. The WTO and FIFA signed a Memorandum of Understanding on Tuesday aimed at building up the …

Over the past 25 years, Netflix has changed the film and television landscape. The company has amassed nearly 221 million subscribers across 190 countries, billions of hours watched for popular series like “Stranger Things,” and along the way has racked up 226 awards. Since going public in 2002, the company …

Check out the companies making headlines before the bell: Biogen (BIIB) – Biogen soared 45.6% in premarket trading after Biogen and Japanese partner Eisai said their experimental Alzheimer’s drug dramatically slowed the disease’s progression in a study, reducing cognitive and functional decline by 27%. Thor Industries (THO) – Thor Industries …

The European Union on Wednesday raced to find out exactly what happened and why after mystery gas leaks hit two underwater Russian gas pipelines, warning of retaliatory measures for any deliberate attack on the region’s energy infrastructure. In a statement on behalf of all 27 members, EU foreign policy chief …

The airline industry has been hamstrung by a perfect storm of challenges over recent weeks, from labor shortages and supply disruptions to rising fuel prices. Sopa Images | Lightrocket | Getty Images DUBAI, United Arab Emirates — One-way economy flights from Moscow to Dubai are going for as much as …

Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, caused mortgage application volume to drop 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s …