The Great Resignation has dominated the workplace for nearly two years — but employers may soon be able to heave a sigh of relief. The labor market is now “emerging from” the Great Resignation, LinkedIn’s CEO Ryan Roslansky told CNBC Make It. The phenomenon — also known as the “Great …
Read More »Monthly Archives: November 2022
Goldman Sachs CEO says he expects a ‘reopening’ in capital markets next year
Goldman Sachs CEO David Solomon said Thursday that he expects capital markets to recover in the upcoming months. “I think what we’re going through at the moment is a reset of valuation expectations,” he said in an interview with CNBC’s Jim Cramer. “In the coming months, we’ll see a little …
Read More »Healthy infants face considerable risk of RSV hospitalization: study
Diane Macdonald | Stockbyte | Getty Images Even healthy infants face a considerable risk of hospitalization from respiratory syncytial virus, according to a large European study published Thursday. Dutch and British scientists, in a study published in Lancet Respiratory Medicine, found that 1.8% of healthy infants are hospitalized with RSV …
Read More »Jim Cramer says a slowdown in the logistics industry suggests inflation could be coming down
CNBC’s Jim Cramer on Thursday said that inflation could finally be cooling off as the freight industry’s pandemic boom wanes. “We caught a real break today with a much lower-than-expected consumer price index number, and a huge part of that came down to how much it costs to get goods …
Read More »We may not know who controls the Senate until December
The question of which political parties control one or both chambers of Congress for the next two years could take until early December to sort out. But whether Republicans have managed in the midterm elections to narrowly wrest majority control away from Democrats in the U.S. House of Representatives could …
Read More »An expensive VR experiment with no audience
Sofia Pitt using Meta Quest Pro Sofia Pitt I’ve been testing the new $1,500 Meta Quest Pro virtual reality headset since it launched on Oct. 25. After spending about two weeks with it, here’s my takeaway: The Pro has an identity crisis. At $1,500, it’s far too expensive to be …
Read More »Elon Musk tells Twitter staff he sold Tesla stock to save Twitter
Muhammed Selim Korkutata | Anadolu Agency | Getty Images Twitter’s new owner Elon Musk, who is also CEO of electric vehicle maker Tesla and U.S. defense contractor SpaceX, told employees of the social media business on Thursday that he recently sold shares of Tesla to “save Twitter.” He made the …
Read More »FTX collapse won’t sink the crypto economy, Blockchain.com CEO says
This week’s FTX collapse is “a tragedy and total failure of governance,” Blockchain.com CEO and co-founder Peter Smith told CNBC’s “Closing Bell” on Thursday, but it’s not going to sink the crypto economy by any stretch. According to Smith, the rapid downfall of Sam Bankman-Fried’s company will accelerate a trend …
Read More »Carl Icahn says he still thinks we are in a bear market despite Thursday’s rally
Famed investor Carl Icahn said Thursday’s relief rally didn’t change his negative view on the market, and he believes a recession is still on the horizon. “We keep our portfolio hedged,” Icahn said on CNBC’s “Closing Bell Overtime” Thursday. “I am still very, quite bearish on what is going to happen. …
Read More »How Spotify stayed No. 1 in streaming music vs. Apple, YouTube, Amazon
Onur Dogman | LightRocket | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Spotify, once a Swedish startup tasked with tackling music piracy issues, is now the most popular audio streaming subscription service in the world. …
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