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The Latest Breaking News from CNBC

As Boeing posts more red ink, CEO cites progress, swipes at FAA

Still struggling with a wobbly supply chain and production slowdowns, Boeing lost $663 million, or $1.06 per share, in the fourth quarter despite Wall Street analysts’ expectation of a profit.

Tribune News Service

JPMorgan’s top strategist warns stocks have a 10%-plus drop ahead: ‘Things have to get worse before they can get better’

“I think it created this narrative that the worst is behind us...the recession happened somehow magically last year,” JPMorgan's top strategist told CNBC Tuesday. “We don’t agree.”

Fortune

Boeing reports Q4 loss but reaffirms 2023 targets

New York (AFP) - Persistent supply chain woes and staffing issues led to another quarterly loss at Boeing, but the company on Wednesday confirmed its 2023 outlook amid strong aviation demand.

AFP

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Jim Cramer Recommends This Investment Over Buying Crypto

Bitcoin has had a strong rally over the past few days, but Cramer isn't buying in.

The Street

Jim Cramer Picks a Side on Debate Over Elon Musk's Infamous Tweet

CNBC's "Squawk on the Street" discusses whether Elon Musk's infamous tweet was material information.

The Street

CNBC's Becky Quick Fires Back at Twitter Troll Who Criticized Her Outfit Monday

Quick handled the awkward situation beautifully.

The Street

Former Google employee documents ‘day in my life getting laid off’ TikTok video

Nicole Tsai’s video garnered more than three million views as Google lays off 12,000 workers

The Independent UK

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Elon Musk Reveals Twitter Lost 5,200 Employees

The billionaire drastically cut costs including massive job cuts after taking control of the platform.

The Street

Elon Musk Reveals Twitter Lost 5,200 Employees But Will Hire

The billionaire drastically cut costs including massive job cuts after taking control of the platform.

The Street

Jamie Dimon says remote work ‘doesn’t work’ for bosses, young workers, or ‘spontaneity'

But it does work for women, the JPMorgan chief added.

Fortune

Jim Cramer Can't Resist Shot at Giants Ahead of Eagles Playoff Matchup

The outspoken TV host and proud Eagles fan tweets out a zinger to the Giants ahead of the upcoming NFC championship game.

The Street

JPMorgan CEO Jamie Dimon says that Bitcoin is a ‘hyped-up fraud’ and cryptocurrencies are a ‘waste of time'—but blockchain is a 'deployable' technology

“I think all that's been a waste of time and why you guys waste any breath on it is totally beyond me,” Dimon told CNBC on Thursday. “Bitcoin itself is a hyped up fraud. It’s a pet rock.”

Fortune

JPMorgan CEO Jamie Dimon says Ukraine could be an 'inflection point for the Western world': 'The only thing that matters for the future of the world is how this thing plays out'

A recession may be on the way, but Jamie Dimon says the Ukraine war is still the world's most challenging crisis.

Fortune

Stocks Extend Slide, Housing Data, P&G, American Airlines, Bed Bath & Beyond - Five Things To Know

Stock futures lower as Fed hawks, recession worries weigh; Housing starts in focus as mortgage rates extend slide; Procter & Gamble earnings on deck with price hikes in focus; American Airlines looks to follow rival carriers with solid Q4 earnings and Bed Bath & Beyond edges higher despite renewed bankruptcy…

The Street

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Fortune

Cisco’s CEO at Davos says most executives are ‘very optimistic’ about the economy's future—despite Americans' recession fears

While some Davos attendees warned of a looming recession, Cisco's CEO isn't worried. And Carlyle Group's co-founder argued that it might even be a good time to invest in stocks.

The Street

Jim Cramer Doesn't Mince Words After Goldman Sachs Earnings

The bank's profit plunged 66% in the fourth quarter, with high expenses and weak investment banking revenue.

Fortune

Davos CEOs have never had a worse feeling about the global economy

The world's business leaders at Davos think the global economy is in for a rough few years. Do they know something we don't?

InsideEVs

CNBC Looks At How Rivian Electric Van Has Changed Amazon Deliveries

The Rivian-made electric delivery van used by Amazon has apparently had a very positive impact on the work lives of Amazon drivers.

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Fortune

IMF chief sees light at the end of the tunnel amid global inflation and recession gloom

Kristalina Georgieva expects growth to bottom out this year.

Zenger

Anthony Scaramucci Invests In Former FTX US CEO’s New Company Showing New Interest In Crypto

Skybridge Capital founder Anthony Scaramucci, who was among the featured speakers at Future Of Crypto event.

AFP

Travel demand boosts Delta results but labor costs dent profit forecast

New York (AFP) - Delta Air Lines on Friday reported better-than-expected results in the final months of 2022, helped by strong consumer demand, although it expects labor costs to weigh on first-quarter profits this year.

Fortune

Delta has told staff they can no longer use their luxury Sky Clubs due to crowding

Delta Air Line staff have been told they can't use the company's luxury Sky Club lounges unless they fork out for a ticket - even if they're for company business.

Daily Mirror

Meta worker is paying £250,000 to work remotely from luxury cruise ship

Austin Wells, a Meta employee, will work completely remotely from cruise ship MV Narrative which will have 20 restaurants, a 10,000-square-foot gym, three swimming pools, a school, bank, and co-working office spaces spread across 18 decks

Reuters

U.S. extends public health emergency status for COVID

The U.S. health department on Wednesday extended the COVID-19 pandemic's status as a public health emergency, allowing millions of Americans to continue receiving free tests, vaccines and treatments.

InsideEVs

Tesla Stock Upgraded To "Buy" By Edward Jones

It’s impossible to say with any certainty what Tesla’s stock will do in the coming years. However, the stock's low price and anticipated upside are encouraging.

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