World

FedEx CEO Raj Subramaniam told CNBC’s Jim Cramer on Thursday that he believes a recession is impending for the global economy. “I think so. But you know, these numbers, they don’t portend very well,” Subramaniam said in response to Cramer’s question of whether the economy is “going into a worldwide …

Adobe is paying 2021 prices. It’s 2022. Wall Street hates it. Silicon Valley is thrilled. In a year that’s featured exactly zero high-profile tech IPOs and far more headlines about mass layoffs than big funding rounds, Adobe’s $20 billion acquisition of Figma on Thursday is what some might call a …

Apple Watch Series 8 and SE (second generation). Sofia Pitt I’ve been testing the new Apple Watch Series 8 and Apple Watch SE second generation ahead of its release Friday. If you already have an Apple Watch, the $399 Series 8 doesn’t have enough new features to justify an upgrade. …

Shantanu Narayen, CEO of Adobe Systems Inc. David Paul Morris | Bloomberg | Getty Images Adobe announced Thursday that it will acquire design software firm Figma in a deal worth about $20 billion in cash and stock. Shares of Adobe sank 17%, their biggest plunge since 2010. Figma, founded in …

Ethereum’s biggest-ever upgrade just took effect, in what industry experts are calling a game changer for the entire crypto sector. Thus far, all signs suggest the so-called merge — which is designed to cut the cryptocurrency’s energy consumption by more than 99% — was a success. The overhaul to the …

Iran will need sanctions to be lifted if it hopes to strengthen economic ties with China — and that can only come with a successful nuclear deal, one analyst told CNBC. Iran, which has business dealings with China, currently faces a slew of U.S. that’s devastated its economy. On Thursday, …

CNBC’s Jim Cramer on Wednesday said that investors urging traders to exit the market while they still can are about a year too late. “I’m done with all the ‘now is the time to get out’ calls — where the heck were you 10 months ago when it mattered? It’s …

Not investing in the Chinese market is “crazy” and “makes no sense whatsoever” in light of how cheap Chinese stocks are right now, said Kevin O’Leary of O’Shares Investments. According to him, that’s thanks to these factors: the projected size of China’s economic growth; a foreseeable end to regulatory disputes …

Top Widgets is the second most popular free app in Apple’s App Store. Sofia Pitt Apple’s iOS 16 iPhone update, released this week, lets iPhone users add little squares or rectangles of information known as “widgets” to the lock screen. That’s helped popularize Chinese app Top Widgets, which rocketed to …

Amazon is paring back its warehouse footprint across the country after it aggressively added more buildings to its network to meet a pandemic-driven surge in e-commerce demand.   The retail giant has closed or canceled 44 facilities and delayed the opening of 25 sites as of this week, according to MWPVL …