business news

Stocks fall as Chinese Covid protests dampen market sentiment

Stocks fall as Chinese Covid protests dampen market sentiment Stocks fell Monday as social unrest from China’s prolonged Covid restrictions weighed on markets, sending oil prices lower — after Wall Street notched gains during the Thanksgiving holiday-shortened week. The Dow Jones Industrial Average fell more than 60 points, or 0.2%. The 30-stock average briefly tumbled …

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Adidas employees raised concerns about Ye’s conduct for years, report says

Adidas employees raised concerns about Ye’s conduct for years, report says Gilbert Carrasquillo | Getty The chief executive and other senior leaders at Adidas discussed the potential fallout from its relationship with Kanye West as far back as four years ago, according to a report from The Wall Street Journal. During a 2018 presentation to …

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Elon Musk says Twitter to launch ‘Verified’ service next week

Elon Musk says Twitter to launch ‘Verified’ service next week Elon Musk Twitter account displayed on a phone screen and Twitter logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on November 22, 2022. Jakub Porzycki | Nurphoto | Getty Images Elon Musk said in a …

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Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed Hong Kong movers: Casinos, technology stocks drop on rising China case numbers Hong Kong-listed stocks related to reopening and technology fell in Asia’s morning session following reports of a surge of Covid cases in China. Shares of casino operator MGM China …

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Recession will be an inch deep but a mile wide, says UBS strategist

Recession will be an inch deep but a mile wide, says UBS strategist Global economic conditions will shift next year and that’s going to flip which markets and sectors underperform, according to the chief strategist of UBS Investment Bank. Bhanu Baweja told CNBC’s “Squawk Box Europe” on Wednesday that between one-third and half of the …

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Wefox CEO ‘disgusted’ by mass tech layoffs: ‘These are humans’

Wefox CEO ‘disgusted’ by mass tech layoffs: ‘These are humans’ Wefox CEO Julian Teicke. wefox HELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse. The likes of Meta, Amazon and Twitter have laid off tens of thousands of employees …

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