Justin Chin | Bloomberg | Getty Images Hedge fund participation in private deals that typically involve venture capital and private equity firms has grown “enormously” in recent years as fund managers look to try to boost their returns, according to a report from the Goldman Sachs sales and trading desk. […]
CNBC News
People are booking Christmas vacations earlier than ever before
What a difference a year can make. Last September, the travel industry agonized over a dearth of Christmas bookings. This September, some hotels are already fully booked for the holiday season. People are reserving their Christmas vacations earlier this year, despite an unsettling rise in Covid-19 infections caused by […]
Why are Covid cases so high when millions are fully vaccinated? Blame the delta variant, experts say
Kyndal Bolden, 15, holds the hand of her aunt as she receives a COVID-19 vaccination dose on August 14, 2021 in New Orleans, Louisiana. Mario Tama | Getty Images LONDON — Looking at the Covid case data in the U.S., U.K. and the rest of Europe, you’d be forgiven for […]
Stock futures point to opening bounce after Dow, S&P post fourth day of losses
U.S. stock index futures were higher in early morning trading on Friday, after stocks registered a fourth-straight day of losses on Thursday. Futures contracts tied to the Dow Jones Industrial Average rose 118 points. S&P 500 futures and Nasdaq 100 futures were both also in positive territory. During regular trading […]
Biden, Xi discuss avoiding confrontation in second phone call of new U.S. administration
Chinese President Xi Jinping shakes hands with U.S. Vice President Joe Biden (L) inside the Great Hall of the People in Beijing December 4, 2013. Lintao Zhang | Reuters BEIJING — Chinese President Xi Jinping and U.S. President Joe Biden spoke for the first time since February on Friday. It […]
Hong Kong’s Hang Seng index surges nearly 2% as Chinese video game stocks bounce back
SINGAPORE — Shares in Asia-Pacific rose in Friday trade, as investors monitored Hong Kong-listed stocks of firms in regulation-hit sectors such as video games. By Friday afternoon in Hong Kong, shares of Tencent in the city jumped 1.67% while Netease gained 2.32% — a partial recovery after the heavy losses […]
Stock futures little changed after Dow, S&P post fourth day of losses
U.S. stock index futures were little changed during overnight trading on Thursday, after stocks registered a fourth-straight day of losses. Futures contracts tied to the Dow Jones Industrial Average rose 15 points. S&P 500 futures and Nasdaq 100 futures were both also little changed. During regular trading the Dow shed […]
Op-ed: The day the climate crisis came home
Streetlights, headlights, and apartments with lights on around noon on Sept. 9, 2020, in Russian Hill, San Francisco. Christina Farr | CNBC One year ago today was the most terrifying day of my life. I’ve faced personal tragedies and professional setbacks, but there are templates to deal with those. You […]
China’s rumored ambitions to dive into Afghanistan are overstated and unrealistic, experts say
View of a gold mine in Nor Aaba, Takhar province, Afghanistan. Omar Sobhani | Reuters One of the first things many Western pundits predicted as the chaotic U.S. withdrawal from Afghanistan unraveled was the replacement in that power vacuum by China, long a critic of and strategic adversary to the […]
Covid waves will hit the global supply chain for two years, Reagan economist warns
The semiconductor shortage is affecting consumers’ ability to buy cars, smartphones and virtually all electronics — and there may be little relief in sight. According to economist John Rutledge, the Covid-19 pandemic will continue to inflict pain on the global supply chain and contribute to the semi logjam into 2023. […]