Club holding Amazon (AMZN), a leading retailer for holiday sales and promotions, should be a top destination for American bargain-hunters this holiday season.Story Published at: November 18, 2022 at 10:22PM
U.S. shoppers to spend less this holiday season, but Amazon still stands to gain, Goldman Sachs says
Attorney General Merrick Garland will name special counsel in Trump criminal probe, report says
Donald Trump faces multiple criminal investigations. A special counsel will be named to determine if federal charges should be lodged against the Republican.Story Published at: November 18, 2022 at 06:55PM
After Twitter planned to close offices for the day, Elon Musk asks engineers to come in
In the widely distributed emails, sent at the start of business on Friday, Musk called for “anyone who actually writes software,” to report to Twitter HQ.Story Published at: November 18, 2022 at 06:25PM
Carvana to lay off 1,500 employees following stock freefall
Carvana plans to lay off about 1,500 people, or 8% of its workforce, following a freefall in the company’s stock, according to an message obtained by CNBC.Story Published at: November 18, 2022 at 05:13PM
Trump’s former Treasury secretary calls G-7 Russian oil price cap ‘the most ridiculous idea I’ve ever heard’
G-7 nations are set to announce a fixed price cap on Russian oil that is exported through certain Western routes.Story Published at: November 18, 2022 at 01:36PM
Brits face sharpest fall in living standards on record as government tightens its belt
As the U.K. government announces a £55 billion ($65.5 billion) program of tax hikes and spending cuts, the country faces its sharpest fall in living standards since records began.Story Published at: November 18, 2022 at 12:08PM
Crypto startup Ripple is seeking a license in Ireland to drive EU expansion
Most of Ripple’s business is now driven outside of the U.S. despite its large presence in the country, General Counsel Stuart Alderoty told CNBC.Story Published at: November 18, 2022 at 12:01PM
Commerzbank chief says he’s not preparing for disaster, sees a mild recession
Commerzbank CEO Manfred Knof says the bank has prepared for an uplift in nonperforming loans, but a “mild recession” is on the horizon rather than “a disaster.”Story Published at: November 18, 2022 at 11:04AM
‘We’re going to dream a little less’: Sequoia’s Doug Leone on fallout from FTX’s collapse
Billionaire venture capitalist Doug Leone said there wasn’t much his firm Sequoia Capital could do to predict the solvency crisis at FTX.Story Published at: November 18, 2022 at 10:44AM
UMNO’s Shahril Hamdan says demonizing Barisan Nasional is unfair to the future of Malaysia’s people
UMNO party said its rivals are driving a “campaign of fear” against the Barisan Nasional coalition in the lead-up to the elections and this could cost Malaysians. Story Published at: November 18, 2022 at 09:04AM