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Monthly Archives: January 2023

ECB’s Lagarde says China’s reopening will be inflationary

Christine Lagarde, president of the European Central Bank spoke at a CNBC panel at the World Economic Forum Bloomberg | Bloomberg | Getty Images DAVOS, Switzerland — China’s decision to reopen its economy will increase inflation in Europe as they both compete for more energy, the president of the European …

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Byju’s plans to end sponsorship of Indian cricket team jersey, as it puts profitability on cards for 2024

Indian education technology start-up Byju’s will not renew its jersey sponsorship deal with India’s cricket team, the company’s co-founder Divya Gokulnath, told CNBC. In a wide-ranging interview, Gokulnath spoke about the path to profitability and the potential for an initial public offering for Byju’s, one of India’s most valuable private …

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Global outlook may be less bad — but we’re still not in a good place: IMF chief

International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. Fabrice Coffrini | Afp | Getty Images The global economic outlook is not as bad as feared a couple of months ago — “but less …

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One of the UK’s largest unions announces 10 more days of strikes

COVENTRY, U.K. – Dec. 21, 2022: Unite union general secretary Sharon Graham (centre), joins ambulance workers on the picket line outside ambulance headquarters in Coventry. On Friday, Jan. 20, Unite announced a further 10 days of strikes as a dispute between the government and ambulance escalated. Jacob King/PA Images via …

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Tesla shareholder Tencent backs Elon Musk despite Twitter distraction

A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images Tesla will “keep blowing our …

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Hiring for these jobs in India is on the rise in 2023: LinkedIn

Workers who are “solving problems” in health-care and those who are driving business growth in an uncertain economic environment will see more opportunities this year, according to LinkedIn. Its latest Jobs on the Rise data revealed spikes in hiring for growth specialists, technical workers and health-care professionals in Asia — …

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Netflix (NFLX) earnings Q4 2022

Illustration of stock trading graph of Netflix seen on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Netflix added millions more subscribers in the fourth quarter than Wall Street expected, helping to send shares of the streamer up after the bell despite a big earnings …

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Cramer’s lightning round: I like ABM Industries

Dow Inc: “I want you to hold on. … Keep it at a 5% yield, buy some more if it goes 5.5%.” ABM Industries Inc: “Talk about a boring facilities management company that I like so much. You’ve got a real winner there.” Lockheed Martin Corp: “People are worried about …

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China’s reopening ‘good news’ for growth — but could be inflationary, economists warn at Davos

China’s reopening has been one of the most discussed topics at the World Economic Forum in Davos. Bloomberg | Bloomberg | Getty Images DAVOS, Switzerland — China’s economic reopening might boost global growth, but the business leaders and policymakers at the World Economic Forum this week are also a little …

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What a maxed-out card does to your credit score

The U.S. government reaching its debt ceiling has major implications for the domestic and global economies. The debt ceiling is the amount of money the U.S. is authorized to borrow to pay its bills, including Social Security benefits, military salaries and more. When it hits that limit, as it has, …

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