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Monthly Archives: November 2022

There’s no win-win situation in fragmented world

Singapore won’t take sides in geopolitical conflicts and will instead take positions that support the rule of law, the country’s Education Minister Chan Chun Sing said in his keynote address at the Morgan Stanley Asia Pacific summit in Singapore on Wednesday. He said the world should remain interdependent despite pressures …

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Uber is going to be the last man standing

Uber Technologies Inc: “Uber is a stock that you have to own for a while. … It’s going to be the last man standing, and that’s why I like Uber.” PayPal Holdings Inc: “I think that they can make it so that a lot of other companies go under their …

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Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategy

CNBC’s Jim Cramer on Wednesday said the Federal Reserve must pay attention to recent retail earnings reports to plan the rest of its battle against inflation. “I am begging the Fed to look at what’s happening at individual companies – big ones, not small ones – so that they’ll be …

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Malaysia election set to be a battleground of uncertainty

Senior statesman Mahathir is running his own coalition of four parties, Gerakan Tanah Air which will be contesting 125 seats. Nurphoto | Nurphoto | Getty Images The historic win by Malaysia’s largest opposition party in 2018 is fading fast. Political experts are predicting more drama at the country’s upcoming general …

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How the infamous market crash of 1987 could ease worries about stocks

This is an excerpt from the CNBC Make It newsletter. Subscribe here. Sometimes, when I feel myself getting wrapped up in drama in my life, I like to take a second to zoom out and put things in perspective.  And no, I don’t mean ask my therapist about it. I mean, …

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Sam Bankman-Fried admits FTX got ‘overconfident and careless’

Sam Bankman-Fried, CEO and Founder of FTX, walks near the U.S. Capitol, in Washington, D.C., September 15, 2022. Graeme Sloan | Sipa via AP Images Former FTX CEO Sam Bankman-Fried said on Wednesday that the cryptocurrency exchange got “overconfident” and “careless” as it grew into a $32 billion juggernaut. “I …

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Targeting of Ukrainian energy grid is a war crime, Pentagon says

U.S. Secretary of Defense Lloyd Austin (L) and Chairman of the Joint Chiefs of Staff General Mark Milley (R) participate in a news briefing at the Pentagon May 23, 2022 in Arlington, Virginia. Alex Wong | Getty Images WASHINGTON – The Pentagon on Wednesday slammed Russia’s barrage of missile strikes across …

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Cisco (CSCO) earnings Q1 2023

A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022. Paresh Dave | Reuters Cisco reported fiscal first-quarter results on Wednesday that beat analysts’ estimates and boosted its guidance for fiscal 2023. …

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Nvidia (NVDA) earnings Q3 2023

NVIDIA DRIVE Thor, the company’s next-generation centralized computer for autonomous and assisted driving and in-car infotainment, is shown in a handout image obtained September 20, 2022. Nvidia | via Reuters Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings …

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FTX wanted to let investors borrow to trade derivatives: CFTC head

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Sam Bankman-Fried, co-founder of bankrupt crypto firm FTX, spent almost a year trying to convince regulators to let him introduce a derivatives product …

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