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Monthly Archives: December 2022

India, Vietnam may benefit as chipmakers shift from China amid US curbs

An illustration showing glowing numbers, code and circuit on a black background. Yuichiro Chino | Moment | Getty Images U.S. curbs on chip exports to China are the latest shakeup prompting companies to consider moving some of their chipmaking capabilities to nearby Vietnam and India. Still, experts told CNBC the …

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Sam Bankman-Fried has been arrested. This is what happens next.

Tom Williams | CQ-Roll Call, Inc. | Getty Images Sam Bankman-Fried’s arrest in the Bahamas on Monday marks the beginning of a new chapter in the FTX saga, one that will pit the former crypto billionaire against the Southern District of New York. The indictment is expected to remain sealed …

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The Federal Reserve will hike interest rates again: How it affects you

The Federal Reserve is expected on Wednesday to raise interest rates for the seventh time this year to combat stubborn inflation.  The U.S. central bank will likely approve a 0.5 percentage point hike, a more typical pace compared with the super-size 75 basis point moves at each of the last …

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FTX founder Sam Bankman-Fried arrested in the Bahamas

CEO Sam Bankman-Fried Bloomberg | Bloomberg | Getty Images FTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the …

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Jim Cramer goes over the energy stock winners of 2022

CNBC’s Jim Cramer on Monday went over the top-performing energy stocks in the S&P 500 this year. “While energy was the only winning sector this year, all of these stocks have come down substantially from their highs thanks to the recent declines in oil and gas. I don’t see energy …

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Oracle (ORCL) earnings Q2 2023

Safra Catz, Oracle’s CEO and then one of Oracle’s two co-CEOs, smiles during Oracle’s OpenWorld conference in San Francisco on, Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Images Oracle shares rose as much as 4% in extended trading on Monday after the software company reported results for …

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GM, Stellantis rank worst for fuel efficiency, even amid EV push

GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images DETROIT – General Motors may be transitioning to an all-electric future, but its recent vehicle fleet ranked among the least efficient and most polluting in the …

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New FTX CEO will testify about ‘utter failure of corporate controls’

John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Sarah Silbiger | Bloomberg | Getty Images FTX CEO John J. Ray III plans to tell the House Financial Services Committee on Tuesday that the cryptocurrency exchange …

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Here’s what borrowers can do if student loan forgiveness falls though

HOUSTON, TEXAS – AUGUST 29: Students study in the Rice University Library on August 29, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images After President Joe Biden’s historic announcement that tens of millions of Americans would get up to $20,000 in student loan forgiveness, borrowers’ …

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60% of Americans see crypto investing as highly risky

The majority of Americans increasingly see crypto as a chancy investment. About 60% of Americans believe investing in digital currency is highly risky — up from 45% in 2021, according to the recent CNBC Make It: Your Money survey, conducted in partnership with Momentive. Another 26% believe it is moderately risky. …

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