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Monthly Archives: September 2022

The Fed is now expected to keep raising rates then hold them there, CNBC survey shows

US Federal Reserve Chairman Jerome Powell gives a press briefing after the surprise announcement the FED will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradat | AFP | Getty Images Wall Street finally looks to be embracing the idea that the Federal Reserve will hike rates …

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Chinese EV maker Xpeng launches rival to Tesla’s Full Self Driving system

Xpeng launched a feature that allows its cars to semi-autonomously navigate urban environments, marking its latest challenge to U.S. electric vehicle giant Tesla. The Chinese start-up announced Monday that it was piloting a feature known as City NGP, which stands for navigation guided pilot. Xpeng claims that City NGP will allow …

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Ether (ETH) drops 15% since Ethereum merge as traders take profits

Ethereum underwent a huge network upgrade called the merge which proponents say will make transactions much more energy efficient. Following the merge, ether prices have dropped following a huge run up ahead of the event. Jakub Porzycki | Nurphoto | Getty Images Ether has fallen more than bitcoin since the …

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Sweden’s central bank launches 100 basis point rate hike

Sweden’s Riksbank launched a 100 basis point hike to interest rates on Tuesday as it looks to rein in inflation. Mikael Sjoberg/Bloomberg via Getty Images Sweden’s Riksbank on Tuesday launched a 100 basis point hike to interest rates, taking its main policy rate to 1.75%, as it warned that “inflation …

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Bitcoin briefly drops to its lowest level in 3 months as risk assets continue to get crushed

Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called “the merge.” Yuriko Nakao | Getty Images Bitcoin fell to its lowest level in three months on Monday as investors …

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What to expect at the Bank of Japan (BOJ)’s next meeting as yen sinks

The Japanese yen is hovering close to its weakest levels since 1998, and authorities have hinted at taking action to stem the currency’s decline. Ahead of Bank of Japan’s rate decision later this week, CNBC takes a look at whether Japan’s central bank might shift from its ultra-loose monetary policy, …

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CEO of Alibaba-owned Daraz gives tips for building successful business

After spending six years working for Goldman Sachs as an investment banker, Bjarke Mikkelsen faced a dilemma. “I had a very comfortable life, but I wasn’t really feeling like I had a purpose,” he told CNBC Make It. “In banking, you’re always in the end, an advisor. I knew I …

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India is the ‘best bet’ in the global economy

The India chairman of conglomerate Hinduja Group said he’s bullish on India, which he called “the very great emerging, fast moving market.” Speaking to CNBC on Thursday, Ashok Hinduja explained: “We see a recession coming in U.S., recession coming in U.K., in Europe, problems in China, [a] problem in Southeast …

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Beyond Meat COO Doug Ramsey arrested for allegedly biting man’s nose

Douglas Ramsey Source: Washington County, Arkansas Beyond Meat Chief Operating Officer Doug Ramsey was arrested this weekend after allegedly biting a man’s nose in an Arkansas parking garage following a college football game. Ramsey, 53, was charged with terroristic threatening and third-degree battery and booked in the Washington County jail …

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LIV Golf CEO Greg Norman visits Capitol Hill as Saudi-backed league battles PGA Tour

LIV CEO and commissioner Greg Norman watches play on the third hole during the final round of the LIV Golf Invitational Series Chicago at Rich Harvest Farms in Sugar Grove, Illinois. Brian Spurlock | Icon Sportswire | Getty Images LIV Golf CEO Greg Norman will be visiting Capitol Hill this …

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