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Monthly Archives: December 2022

EU threatens Elon Musk with sanctions after Twitter suspends journalists

STR | Nurphoto | Getty Images The European Union on Friday threatened tech billionaire Elon Musk with sanctions after Twitter removed several journalists that report on him and the social media company. Vera Jourova, the European Commission’s vice president for values and transparency, said in a tweet that news of …

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Central banks around the world have now given the markets a clear message — tighter policy is here to stay

A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The U.S. Federal Reserve, European Central Bank, Bank of England and Swiss National Bank all raised interest rates by 50 basis points …

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$7 billion lost in criminal hacks, most victims small businesses

Small and medium-sized businesses face a big threat from cyberattacks and hackers, according to a special agent in the FBI’s cyber division. “The large businesses continue to invest in their cybersecurity and enhance their cybersecurity posture,” FBI Supervisory Special Agent Michael Sohn said at CNBC’s Small Business Playbook virtual event …

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Former FTX spokesman Kevin O’Leary defends endorsement of crypto firm

“Shark Tank” star Kevin O’Leary defended his position as a spokesperson for bankrupt crypto firm FTX on CNBC’s “Squawk Box” Friday morning. CNBC anchors Andrew Ross Sorkin, Joe Kernen and Becky Quick questioned O’Leary on his paid FTX ambassadorship, venture capital career, and his defense of Bankman-Fried days before his …

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Accenture, Winnebago, Maxar Technologies and more

Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 1.5% in the premarket despite beating estimates on the top and bottom lines for its latest quarter. Accenture issued a revenue range for the current quarter whose midpoint is below current consensus and …

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Advertisers will get back to Twitter on these conditions

The Twitter logo is seen on an iPhone mobile device in this illustration photo on 12 October, 2022. STR | Nurphoto | Getty Images Ad guru Maurice Levy said Friday that the majority of advertisers are likely to return to Elon Musk’s overhauled Twitter — on the proviso that a …

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U.S. safety regulators probe GM’s Cruise self-driving cars

A Cruise vehicle in San Francisco, California, on Wednesday Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images U.S. automotive safety officials have opened a formal probe into the autonomous driving system used by General Motors’ self-driving vehicle unit Cruise. The National Highway Traffic Safety Administration said it …

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Neobanks raise savings yields as Bank of England hikes interest rates

The Starling Bank app displayed on a person’s phone. Adrian Dennis | AFP via Getty Images LONDON — Online banks in the U.K. are racing to bump up the yields on their savings accounts in a bid to lure cash-strapped savers after the Bank of England increased its benchmark interest …

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5 things to know before the stock market opens Friday, December 16

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022.  Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. Desperately seeking Santa Ho ho ho? More like, no …

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Sales fall 0.6% as consumers feel pressure from inflation

Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation for the month, the Commerce Department reported Thursday. Retail sales for the month declined 0.6%, even worse than the Dow Jones estimate for a 0.3% drop. The number is not adjusted for …

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