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☆ Ukraine can keep on fighting Russia — but the 'victory' it wants might be out of reach
▼ + stars: | 2024-04-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +4 min

Ukrainian servicemen practice combat drills involving a BMP-1 in Donbas, Ukraine as Russia-Ukraine war continues on March 19, 2024. But, with future aid uncertain, analysts question what "victory" Ukraine could realistically achieve against Russia — a country that has put its industries on a war footing and is able to mobilize hundreds of thousands more men to war. While additional aid allows Ukraine to keep on fighting Russian forces in the short stretch, a "victory" in the near-term is an unlikely prospect. What's more, what "victory" looks like for Ukraine, or its allies, could be a source of friction. This is particularly the case in eastern Ukraine, where it has enjoyed support from pro-Russian separatists for over a decade.

Persons: Teneo, Vladimir Putin, Natalia Kolesnikova, Tursa, Frankness, Oleksandr Musiyenko, Putin Organizations: Anadolu, Getty, Russia —, Afp, Centre for Military, Legal, U.S, CNBC Locations: Donbas, Ukraine, Russia, Kyiv, U.S, Central, Eastern Europe, Ukrainian, Crimea, Red, Moscow, Russian, Sevastopol

☆ Google terminates 28 employees after multi-city protests: Read the full memo
▼ + stars: | 2024-04-18 | by ( Hayden Field | ) www.cnbc.com time to read: +7 min

Google workers have the right to peacefully protest about terms and conditions of our labor. Last month, Google Cloud engineer Eddie Hatfield interrupted a keynote speech from the managing director of Google's Israel business stating, "I refuse to build technology that powers genocide." That same week, an internal Google employee message board was shut down after staffers posted comments about the company's Israeli military contracts. The Israeli Ministry of Defense reportedly sought consulting services from Google to expand its access to Google Cloud services. "A small number of employee protesters entered and disrupted a few of our locations," a Google spokesperson told CNBC Wednesday evening.

Persons: Thomas Kurian's, Chris Rackow, Googlers, Cheyne Anderson, Anderson, Eddie Hatfield, Hatfield, Israel, Ariel Koren, It's, Hasan Ibraheem, Ibraheem Organizations: Google, CNBC, Google Cloud, Apartheid, Protesters, Hamas, enclave's Health Ministry, Israeli Ministry of Defense, The New York Times, Security, New Locations: New York, Sunnyvale , California, Sunnyvale, Seattle, Washington, Israel, Gaza, South Africa, York, New York City

☆ Russia claimed the West, Kyiv ordered the Moscow terror attack. Now it has the problem of proving it
▼ + stars: | 2024-03-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Russian President Vladimir Putin at an expanded Prosecutor General's Office meeting on March 26, 2024, in Moscow. An investigation into the attack is ongoing, but the latest, outlandish accusations give Moscow a problem: It now has to find the evidence to back up its unsubstantiated claims. What's particularly awkward for the Kremlin is that the Islamic State militant group has already claimed responsibility for the attack. Ukraine denies any involvement in the attack, saying it was "absolutely predictable" that Moscow would look to blame it. The White House said Ukraine had "no involvement whatsoever" in the attack and that any claim to the contrary was "Kremlin propaganda."

Persons: Vladimir Putin, It's, Andrius, Putin, David Cameron, concertgoers, Alexander Bortnikov, Nikolai Patrushev, Sergei Karpukhin, Nikolai Patrushev —, —, Patrushev, Maria Zakharova, Dmitry Peskov, Peskov, Moscow, Margarita Simonyan, Putin's, Alexander Lukashenko, Rachabalizoda, Barotovich, Muhammadsobir, Shamsidin Fariduni, Tatyana Makeyevaolga Maltseva, Max Hess Organizations: General's, Getty, Ukraine, Crocus City Hall, Islamic State, West, Kremlin, Russia's Federal Security Service, Russian Security, AFP, Security, Islamic, RIA Novosti, Russian Foreign, U.S, Kremlin's, CNBC Wednesday, Institute for, Afp, Analysts, Foreign Policy Research Institute, CNBC, CIA Locations: Moscow, Russia, Ukraine, Crocus, Kyrgyzstan, Tajikistan, Ukrainian, Europe, Russian, U.S, Kyiv, Belarusian, Belarus, Basmanny, Soviet Union

☆ New York Community Bank stock drops even after lender says deposits increased
▼ + stars: | 2024-02-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

The bank announced earlier on Wednesday that it had appointed DiNello, formerly the president of Flagstar Bank, to the position effective immediately. The bank holds total deposits of approximately $83 billion, the lender said in a statement Tuesday evening. US banks hold about $2.7 trillion in commercial real estate loans. But while the last crisis was all about interest rate risk, this one revolves around the $20 trillion commercial real estate market. The increase was driven partly by expected losses on commercial real estate loans, it said.

Persons: ” Alessandro DiNello, DiNello, NYCB, ”, weren’t, Fitch, Thomas Cangemi, ” DiNello, Goldman Sachs, Moody’s, Neel Kashkari, ” Kashkari, he’s, Janet Yellen, “, Yellen, “ I’m, ” Yellen Organizations: New, New York CNN —, New York Community Bancorp, Moody’s Investors Service, Flagstar Bank, Bank, Moody’s, JPMorgan, Signature Bank, Silicon Valley, Regulators, Federal, Community Bancorp, CNBC, Financial Locations: New York, Flagstar, New, Minneapolis

☆ Judge dismisses Disney lawsuit against Florida Gov. Ron DeSantis alleging retaliation
▼ + stars: | 2024-01-31 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Ron DeSantis stands at a campaign event at the Los Angeles Harbor Grain Terminal on September 29, 2023 in Long Beach, California. A judge on Wednesday dismissed a federal lawsuit Disney filed against Florida Gov. Judge Allen Winsor ruled that Disney lacked legal standing to sue DeSantis and the secretary of Florida's Commerce Department. DeSantis had touted the law, and his fight with Disney, during his unsuccessful run for the Republican presidential nomination. A Disney spokesperson told CNBC Wednesday, "This is an important case with serious implications for the rule of law, and it will not end here."

Persons: Ron DeSantis, Allen Winsor, DeSantis, Winsor, Disney Organizations: Gov, Disney, Florida Gov, Florida's Commerce, Central, Republican, Walt Disney Resort, CNBC Locations: Long Beach , California, Florida, Central Florida, U.S, Tallahassee

☆ India's Zee Entertainment urges Sony to restore blockbuster merger, sues over termination
▼ + stars: | 2024-01-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Indian entertainment conglomerate Zee Entertainment on Wednesday said it urged Sony to revive their blockbuster entertainment merger and has sued the Japanese tech giant over the deal's termination. Sony earlier this week called of the transaction with Zee Entertainment, which is reported to be worth $10 billion. In a filing, Zee said it denies that Sony is entitled to call off the merger agreement and that its claim for a termination fee is "legally untenable and has no basis whatsoever." A merger of Zee with Sony's India subsidiary, Culver Max Entertainment Pvt. Sony would have gained access to Zee's local content, giving it a bigger footing in the lucrative Indian entertainment market.

Persons: Zee, Culver Max, BEPL, Punit Goenka, Arjun Kharpal Organizations: Zee Entertainment, Sony, Zee Entertainment Enterprises, Sony's, CNBC Wednesday, Culver, MCA, Company, Singapore International Arbitration Center, Zee, Culver Max Entertainment, Ltd, Bangla Entertainment, Disney, Reliance Industries Locations: India, Zee, Singapore, Sony's India

☆ Barclays CEO says difference in Labour and Conservative economic policy is 'fairly minimal'
▼ + stars: | 2024-01-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

LIVERPOOL, U.K. - Oct. 11, 2023: Britain's main opposition Labour Party leader Keir Starmer applauds a speaker the final day of the annual Labour Party conference in Liverpool, northwest England, on October 11, 2023. Paul Ellis | Afp | Getty ImagesPolitical risk in the U.K. is "far less than it's ever been" as the difference between the ruling Conservative Party and main opposition Labour on economic policy is "fairly minimal," Barclays CEO C.S. The U.K. is set to hold a General Election later this year, and the latest polling consistently suggests a landslide Labour victory, bringing an end to fourteen years of Conservative rule. "I think the political risk in the U.K. is far less than it's ever been," Venkatakrishnan told CNBC at WEF. The difference in economic policies between the two, and they're both striving to say so, are fairly minimal," he said, referencing two former British leaders.

Persons: Keir Starmer applauds, Paul Ellis, Venkatakrishnan, Keir Starmer, Rishi Sunak's, Rachel Reeves, Margaret Thatcher, James Callaghan, Labour's Organizations: LIVERPOOL, Labour Party, Afp, Getty, Conservative Party, Labour, Barclays, C.S, Conservative, Labour's Shadow, Economic, CNBC Wednesday, CNBC, WEF, British Locations: Liverpool, England, Davos, Switzerland

☆ U.S. and allies must 'persuade countries, not dictate to them,' former UK PM Gordon Brown says
▼ + stars: | 2024-01-17 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Former U.K. Prime Minister Gordon Brown said Wednesday that the U.S. and other powerful nations must "persuade countries, not dictate to them" in an increasingly multipolar world. Much of the conversation at this week's World Economic Forum in Davos, Switzerland, has focused on a breakdown of trust between populations and world leaders, and how to restore it. Allianz CEO Oliver Bäte told CNBC Tuesday that an "increasing detachment of the political elite from the working class" was the "number one risk for our societies." It's no longer neoliberal economics, it's more mercantilist economics, states doing their own thing, and protectionist trade policies have become 'in' and we've seen a retreat from globalization," Brown told CNBC on the sidelines of WEF. Brown told CNBC Wednesday that he still believes this should be the template for establishing lasting peace in the region, but that it is "incredibly difficult because nobody is trusting each other at the moment."

Persons: Gordon Brown, Oliver Bäte, Brown, Tony Blair, you've, we've, Netanyahu, Mahmoud Abbas, Ehud Olmert, Saudi King Abdullah bin Abdulaziz Al Saud Organizations: Economic, Allianz, CNBC Locations: Davos, Switzerland, WEF, America, Africa, Ukraine, Gaza, Israeli, Saudi, Israel, Palestinian

☆ Trump's potential return to the White House is dominating the chat at Davos
▼ + stars: | 2024-01-17 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

watch nowSome Davos participants are already preparing their business for a potential Republican leader in the White House. "Considering what happened when President Trump was in office, his main interest is trade. He added that his company is allocating more resources to their operations in the United States so they can protect themselves against any trade disputes. "We have to produce locally, especially in the United States ... We have scenarios to be able to respond to that leadership change," he added. The United States is one of the main markets for Suntory, which is looking to expand its sales beyond China.

Persons: Donald Trump, State Rex Tillerson, Nicholas Kamm, I've, Tim Adams, Trump, Ron DeSantis, Nikki Haley, Joe Biden, Takeshi Niinami, Bill Winters, Biden Organizations: State, Economic, AFP, Getty, Institute of International Finance, CNBC, Florida Gov, South Carolina Gov, Republican, Trump, Democratic, Suntory, Congress, Standard Chartered, U.S Locations: Davos, Switzerland, DAVOS, United States, Swiss, Iowa, The Iowa, China, U.S, Washington, Beijing

☆ Markets getting ahead of themselves on rate cuts and risk being 'self-defeating,' ECB member says
▼ + stars: | 2024-01-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Markets are "getting ahead of themselves" with rate cut expectations, the president of the Dutch central bank, Klaas Knot, told CNBC Wednesday. But a lot needs to go well for that to happen," European Central Bank member Knot said, speaking at the World Economic Forum in Davos. "Underlying that projection is an interest rate path, assumed interest rate path, that contains significantly less easing than is currently embedded in market pricing. ECB officials have largely pushed back on market expectations for interest rate cuts starting as soon as the spring. Austrian central bank head Robert Holzmann, an ECB arch-hawk, told CNBC on Monday that there were threats to the inflationary picture that could mean rates do not move lower at all this year.

Persons: Klaas Knot, Knot, Robert Holzmann Organizations: CNBC, Central Bank, Economic, ECB Locations: Dutch, Davos, Austrian

☆ Treasury yields edge higher as investors monitor data and Fed comments
▼ + stars: | 2024-01-17 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

The yield on the 10-year Treasury note edged higher to 4.0694%. The 2-year Treasury yield rose by around 5 basis points to trade at 4.278%. Treasury yields were higher early Wednesday, with the 10-year yield holding above 4%, as investors focused on fresh data and commentary from Federal Reserve members. On Tuesday, yields jumped after comments from Federal Reserve Governor Christopher Waller, who suggested that while the central bank will likely cut rates this year, it may take its time. At the World Economic Forum in Davos, more European Central Bank members indicated that markets were getting ahead of themselves on rate cut projections.

Persons: FactSet, Christopher Waller, Klaas Knot, Jeff Cox, Pia Singh Organizations: Treasury, Federal Reserve, Investors, Economic, Central Bank, CNBC Wednesday Locations: Davos, Dutch

☆ Wind power industry in moment of reckoning as stocks fall and earnings crumble
▼ + stars: | 2023-11-13 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

Ina Fassbender | AFP | Getty ImagesRenewable energy firms are mostly suffering a dire earnings season as struggling supply chains, manufacturing faults and rising production costs eat into profits. Manufacturing faults, most notably at Siemens Energy 's wind turbine subsidiary Siemens Gamesa, have emerged as companies race to build turbines at a greater pace and scale. Specialist wind energy firms are also often finding themselves outbid for seabed licenses by traditional oil and gas players. As a result, most wind energy stocks are down sharply since the turn of the year. The firm's economists said the past earnings season was a "learning moment" for the industry.

Persons: Ina Fassbender, Ørsted, Vestas, Henrik Andersen, " Andersen, Jacob Pedersen, it's, " Pedersen, CNBC's, Pedersen Organizations: International Energy Agency, AFP, Getty, Siemens Energy, Siemens Gamesa, Allianz Research, CNBC Wednesday, Sydbank Locations: Germany, Europe, U.S

☆ As the West courts Russia's neighbors, Putin shows he won't give up its backyard without a fight
▼ + stars: | 2023-11-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Russian President Vladimir Putin at the Eurasian Economic Summit on Nov. 9, 2022, in Bishkek, Kyrgyzstan. Russian President Vladimir Putin and Kazakh President Kassym-Jomart Tokayev at a joint news conference at the Kremlin in Moscow, on Feb. 10, 2022. "Central Asia obviously has to keep a fine balance and tread that line," Hess said. Analysts note that while an economically isolated Russia wants and needs to keep Central Asia on side, it is gradually losing its grip on the region. Russian President Vladimir Putin, Kazakh President Kassym-Jomart Tokayev and Uzbek President Shavkat Mirziyoyev arrive for a working breakfast of the leaders of the Commonwealth of Independent States in Moscow, Russia, on May 9, 2023.

Persons: Vladimir Putin, Keen, Emmanuel Macron, Putin, Ilham Aliyev, Serdar Berdimuhamedow, Emomali Rahmon, Alexander Lukashenko, Sergei Lavrov, —, it's, Max Hess, Hess, Kassym, Mikhail Klimentyev, Xi Jinping, Florence Lo, they've, Temur Umarov, Tokayev, Shavkat Mirziyoyev, Vladimir Smirnov Organizations: Economic, Getty, Russia, Commonwealth of Independent States, Russian, Central Asia —, Central Asian, Kazakh, CIS, West, Georgia, Foreign Policy Research Institute, CNBC, Kremlin, Reuters Central, Central, Central Asia Summit, Afp, Shanghai Cooperation Organization, Carnegie Russia Eurasia Center, Commonwealth of Independent, Sputnik Locations: Bishkek, Kyrgyzstan, Central Asia, Moscow, Russian, Kazakhstan, Uzbekistan, Kazakh, Russia, Tajikistan, Turkmenistan, China, Soviet, Armenia, Azerbaijan, Belarus, Baltic States, Soviet Union, Moldova, Ukraine, U.S, Afghanistan, Asia, Xian, Shaanxi

☆ Recent stock gains may have been too 'explosive,' but falling bond yields should continue to boost equities, technical strategist says
▼ + stars: | 2023-11-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Technical strategist Katie Stockton said that recent stock gains have been "explosive." But falling bond yields should continue to provide a boost to stocks if the pullback persists. The surge in equities, Wilson explained, is mostly a consequence of falling bond yields. Key government bond yields have pulled back sharply from 16-year highs in recent weeks. She said signs flashing in the TLT Treasury ETF point to an extended period of bond yields correcting from recent highs.

Persons: Katie Stockton, Stockton, —, November's, Morgan Stanley's Mike Wilson, Wilson, JPMorgan's Marko Kolanovic Organizations: Service, CNBC Wednesday, TLT Treasury Locations: Stockton, TLT

☆ Mike Novogratz thinks the SEC will approve a bitcoin ETF as early as this year
▼ + stars: | 2023-10-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The crypto market has effectively been on pause – aside from a quick and short-lived spike this week – as investors wait for the SEC to give the green light to a bitcoin ETF. This week bitcoin, as well as shares of Coinbase , briefly spiked on a false report that BlackRock 's proposed spot bitcoin ETF had been approved by the SEC. BlackRock first filed its application in June and several other institutional players including Galaxy followed, taking BlackRock's move as a bullish signal for bitcoin ETF prospects as well as the long-term trajectory of bitcoin itself. Although no bitcoin ETF has been greenlit still, Novogratz highlighted BlackRock's bitcoin blessing on Wednesday as another sign that "the dialogue with the SEC is all heading in the right direction." Ark Invest CEO Cathie Wood echoed that sentiment this week, telling CNBC's "Halftime Report" the "SEC is engaging with us for a bitcoin ETF application.

Persons: Mike Novogratz, Novogratz, Cathie Wood, CNBC's, bitcoin, Godot Organizations: SEC, Galaxy Investment Partners, Invesco, CNBC Wednesday, Securities and Exchange Commission, Coinbase, BlackRock, Galaxy Locations: U.S

☆ Bloodshed, destruction and a far-off peace? There are several possible outcomes of the Israel-Hamas war
▼ + stars: | 2023-10-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +11 min

An Israeli army self-propelled howitzer fires rounds near the border with Gaza in southern Israel on Oct. 11, 2023. Israel's border communities have since been evacuated and the military said Tuesday it had regained control of the Gaza-Israel border, through which Hamas had launched its surprise offensive. Former Israeli Prime Minister Ehud Barak told CNBC's "Squawk Box" Wednesday that Israeli ground forces would take over the Gaza Strip in a matter of days. Israeli soldiers gather near Armoured Personnel Carriers (APCs) near Israel's border with Lebanon, northern Israel, October 9, 2023. For now, however, a cease-fire looks nigh-on impossible, with the conflict likely about to enter a "hot" phase of active operations on the ground.

Persons: Yahya Hassouna, it's, Yossi Mekelberg, Israel, Jack Guez, Benjamin Netanyahu, Yoav Gallant, Eden Guez, Violeta Santos Moura, William F, Wechsler, Al, Ehud Barak, CNBC's, Barak, Mekelberg, Ammar Awad, Israel —, Antony Blinken, Netanyahu, we're, Sean Gallup, Jonathan Panikoff Organizations: AFP, Getty, Hamas, North Africa, Chatham House, CNBC, Getty Images Hamas, Israeli, Israel Defense Forces, Reuters, Reuters Analysts, Rafik Hariri Center and Middle, Atlantic Council, Carriers, Tel Aviv Thursday, Security Initiative, State Locations: Gaza City, Israel, Palestinian, Gaza, East, Chatham, Lebanon, Israeli, Ashkelon, Rafik, Al Qaeda, Syria, Iran, Israel's, Iranian, Russia, Saudi Arabia, Riyadh, Western, U.S, Berlin, Jerusalem, China, State, Palestine

☆ Jim Cramer says it's time to move on from Pioneer after $60 billion Exxon deal announcement
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

Jim Cramer's Charitable Trust owns 300 shares of Pioneer, at an average price of $230.14 apiece. Club rules prevent the Trust from trading any stock Jim mentions on CNBC television for the three subsequent trading sessions. Pioneer shares climbed 1%, to just roughly $240 each, shortly after the opening bell Wednesday. Exxon CEO Darren Woods told CNBC on Wednesday he doesn't foresee "any regulatory issues" complicating its acquisition of Pioneer. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim, Jim Cramer's, Brent, Darren Woods, Woods, Scott Sheffield —, —, Scott Sheffield, Daniel Kramer Organizations: Natural Resources, Exxon Mobil, Street Journal, Exxon, Club, Jim Cramer's Charitable Trust, CNBC, Brent, Hamas, Texas, CNBC Wednesday, Sheffield, Pioneer Resources, IHS Locations: Israel, Houston , Texas

☆ EU's crackdown on Apple, Meta and others is to avoid forced breakups, top official says
▼ + stars: | 2023-09-07 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

BRUSSELS — U.S. tech giants are facing stricter rules in Europe with more regulation announced this week, but one senior European Union official told CNBC the aim is to avoid forced breakups of large businesses. They are Amazon , Alphabet , Apple , Microsoft , Meta and ByteDance, who now have six months to comply with stricter market rules — such as not being able to prevent users from un-installing any pre-installed software or apps, or treating their own services more favorably. The fine could be increased to 20% if the company in question continues to not comply with the rules. "And if they continue, yes, we have tools, including to break up these companies, but I will never want to use it. And I can tell you the discussion that we have with all these companies are professional and I believe are going in the right decision," Breton said.

Persons: Thierry Breton, Breton Organizations: European Union, CNBC, European Commission, Microsoft, Meta, Internal Locations: BRUSSELS, Europe

☆ Giuliani's son turns to Trump for fundraising push after father's indictment
▼ + stars: | 2023-08-23 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Andrew Giuliani is the son of former New York City Mayor Rudy Giuliani, who was indicted in Georgia along with Trump and 17 other defendants on charges of election interference. The event on Sept. 7 will feature a round table discussion with Trump and Rudy Giuliani, followed by a dinner with Rudy Giuliani, according to the invite. A person familiar with the gathering told CNBC that the September fundraising event at Trump's golf club is expected to have at least a dozen guests and raise close to $1 million. This person declined to be named in order to speak freely about private efforts to help Rudy Giuliani. "It is helpful that President Trump has agreed to headline two events, one on September 7 at Bedminster and another this winter at Mar-a-Lago, where we are getting strong donor interest," Andrew Giuliani told CNBC in a statement.

Persons: Rudy Giuliani, Donald Trump, Giuliani, Andrew Giuliani, Trump Organizations: New York City, Former New York Republican, Giuliani Defense, CNBC Wednesday, PAC, New, Trump, CNBC, Bedminster Locations: Georgia, Washington , U.S, Trump's, Jersey, New York, Mar

☆ Goldman Sachs just doubled down on RTO, demanding employees come back 5 days a week. Get ready for more companies to do the same.
▼ + stars: | 2023-08-23 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +4 min

Goldman Sachs is asking employees to return to the office five days a week. The company is asking workers to come back to the office five days a week, according to a Bloomberg report. So they are increasingly asking employees to come back to the office full time, even if it means they lose some workers. Meta is asking most employees to return at least three days a week after September 5 or they could potentially lose their jobs. Amazon is asking remote employees to return to the company's nearest "hub," which is a location assigned to them, or find work elsewhere.

Persons: Goldman Sachs, We're, we're, Jason Greer, Greer Organizations: Service, Bloomberg, Greer Consulting, CNBC, Meta Locations: Wall, Silicon, COVID

☆ Goldman just threw down the gauntlet in the remote work reckoning. Your company could follow its lead.
▼ + stars: | 2023-08-23 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +4 min

Goldman Sachs is asking employees to return to the office five days a week. The company is asking workers to come back to the office five days a week, according to a Bloomberg report. So they are increasingly asking employees to come back to the office full time, even if it means they lose some workers. Amazon is asking remote employees to return to the company's nearest "hub," which is a location assigned to them, or find work elsewhere. Even Zoom, the company that powered the remote work revolution during the COVID Era, is asking employees who work within 50 miles of its offices to return at least two days a week.

Persons: Goldman Sachs, We're, we're, Jason Greer, Greer Organizations: Service, Bloomberg, Greer Consulting, CNBC, Meta Locations: Wall, Silicon, COVID

☆ Bitcoin is headed to $180,000 if regulators approve the first spot ETF in the US, Fundstrat's Tom Lee says
▼ + stars: | 2023-08-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Fundstrat's Tom Lee said the approval of a new spot bitcoin ETF could send the token soaring in 2024. The strategist still sees upside even if a spot bitcoin ETF doesn't get approved by regulators. In an interview with CNBC Wednesday, the strategist broke down why a six-figure jump above the previous record high of $69,000 remains in the cards. "If the spot bitcoin gets approved, I think the demand will be greater than the daily supply for bitcoin," Lee said. The Jacobi Bitcoin ETF went live Tuesday in Europe under the ticker BCOIN, but regulators in the US have yet to approve applications for similar funds from asset managers including BlackRock and Fidelity.

Persons: Fundstrat's Tom Lee, Tom Lee, Lee, Satoshi Nakamoto, Crypto, there's Organizations: CNBC, doesn't, Service, CNBC Wednesday, BlackRock, Fidelity Locations: Wall, Silicon, Europe

☆ SK Hynix posts narrower second-quarter loss amid robust AI demand, sees chip recovery
▼ + stars: | 2023-07-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

SK Hynix reported its earnings for the second quarter of 2023 on Wednesday. South Korean chipmaker SK Hynix posted a second-quarter operating loss of 2.88 trillion Korean won ($2.24 billion) on Wednesday as demand for memory chips remained sluggish. SK Hynix said the weak memory chip market is on the road to recovery amid robust artificial intelligence demand, which resulted in a smaller second-quarter operating loss. The quarterly losses were narrower than the 3.4 trillion Korean won in the previous quarter which ended in March, and compared to a 4.2 trillion won profit from a year ago. That's compared with expectations for a 2.7 trillion won operating loss, according to Refinitiv estimates, weighted toward analysts that are more consistently accurate.

Persons: SK Hynix, Anthony Sassine, that's Organizations: SK Hynix, ., Korean chipmaker SK Hynix, SK, KraneShares, CNBC Locations: Korean

☆ Is Ukraine's counteroffensive failing? Defense experts say the risks facing Kyiv are growing
▼ + stars: | 2023-07-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Global Images Ukraine | Getty Images News | Getty ImagesFor Michael Clarke, a defense analyst and former director-general of the Royal United Services Institute (RUSI) think tank, there's a risk that the first phase of the counteroffensive, designed to probe Russia's defenses, takes too long. Global Images Ukraine | Getty Images News | Getty ImagesKonrad Muzyka, a military intelligence specialist and president of Rochan Consulting, said "the weather has always been the factor" for Kyiv. But Kyiv says its forces are conducting counteroffensive actions in at least three areas and are operating against a backdrop of increased Russian offensive operations. Ukraine's defense ministry claims that its forces have liberated around 210 square kilometers (81 square miles) of occupied territory since June. Anatolii Stepanov | Afp | Getty Images

Persons: —, Michael Clarke, Clarke, Konrad Muzyka, Muzyka, Yuriy Sak, Sak, Anatolii Stepanov Organizations: 110th Brigade, Territorial Defense, Anadolu Agency, Getty, Military, Royal United Services Institute, CNBC, Rochan Consulting, Kyiv, Afp Locations: Novodarivka, Luhansk, Ukraine, Kharkiv, Kherson, Ukrainian, Bakhmut, Donetsk, Russian, Russia, Vuhledar, Yuriy, Siversk

☆ $5 billion fintech Zepz looks to take on rivals like PayPal with digital wallet, M&A plans
▼ + stars: | 2023-06-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

With a $5 billion valuation, Zepz is one of the largest fintech companies in Europe, backed by leading investors including Accel, TCV and Leapfrog. The company enables users to send money from a smartphone or computer to people abroad, who can receive it in their bank account, mobile wallet, or as a mobile airtime top-up. Lenhard didn't identify which companies Zepz was looking to buy, but said the sharp slump in private fintech valuations made it an attractive time to kick off M&A exploration. A particular focus for Zepz product-wise in the near term is digital wallets, Lenhard said, with the company planning to launch its first digital wallet "imminently." He added that he hopes the company's upcoming digital wallet product will convince customers to rely more on Zepz, rather than using competing digital banks and other financial apps which have grown their services to offer a much wider range of products.

Persons: Mark Lenhard, Zepz, It's, Lenhard, Sendwave Organizations: Getty, CNBC, Accel, Bank of England, Sky News, PayPal Locations: Europe, Western Union

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