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The Latest Breaking News from CNBC

Energy Sector Needs Tesla And Amazon-Like Mentality To Succeed

Tesla has helped renewable energy become a worthwhile goal in the auto sector, but more is needed to be done for the energy industry as a whole to follow suit.

InsideEVs

Cryptocurrency platform FTX files for bankruptcy

NEW YORK: Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.

Bangkok Post

Cryptocurrency platform FTX files for bankruptcy, boss resigns amid tumult

New York (AFP) - Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.

AFP

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A Bull And Bear Discuss The Status Of The U.S. Consumer After A Worse-Than-Expected Consumer Sentiment Report

According to Bank of America, consumer discretionary spending was up 2.9% in October year-over-year, but down from its September reading of 3.2%.

Benzinga

These leadership traits help women executives succeed despite the odds

"When Women Lead" author Julia Boorstin reflects on what makes women successful.

Fortune

Stellantis Paying Some Employees To Voluntarily Quit Amid Shift To EVs

Trimming down its workforce in preparation to become a sustainable tech mobility company.

Motor1

This Billionaire Tesla Investor Says Fed's Dollar Devaluation Is 'The Right Thing'

Baron Capital Investments has more than $39 billion in assets under management and its top investment in its focused growth fund is Tesla Inc (NASDAQ: TSLA), accounting for

Benzinga

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Investors: Wake Up and Smell the Pain (Part 2)

How funny it was to see traders get it wrong once again. They misread the Fed announcement at 2pm ET leading to a big 1% rally for the S&P 500 (SPY). Within minutes of Chairman Powell speaking it dawned on every body that things have not gotten better...only worse. And…

StockNews.com

CNBC cancels Shepard Smith’s nightly newscast after two years

CNBC says it is pulling the plug on Shepard Smith's weeknight general interest news program, saying it wants to focus on the network's core strength of business news

The Independent UK

CNBC pulls the plug on 'The News With Shepard Smith'

NEW YORK — CNBC is ending its nightly newscast with Shepard Smith, the former Fox News anchor who moved to the business channel in 2020.

Los Angeles Times

CNBC axes Shepard Smith's nightly newscast after two years

CNBC says it is pulling the plug on Shepard Smith's weeknight general interest news program, saying it wants to focus on the network's core strength of business news

The Independent UK

Twitter staff brand Musk’s advisers ‘Elon’s goons’ after $44bn takeover, says report

Billionaire brought in allies following purchase of San Francisco company

The Independent UK

Find Out Why Roger Ferguson, Former Fed Vice Chairman, Thinks The Market Disconnect Is 'A Bit Of A Head Scratcher'

Roger Ferguson, former vice chairman of the Federal Reserve and a director on the board of Alphabet (NASDAQ: GOOGL) since June 2016, joined CNBC’s ‘Squawk Box’ earlier Monday to discuss the Fed’s

Benzinga

Musk's Twitter Takeover: Citroën Is Concerned, GM Pauses Advertising

Citroën tweeted about being on a "social media platform owned by one of our competitors," while GM temporarily paused its paid advertising on Twitter.

InsideEVs

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The Guardian - UK

LinkedIn has a fake profile problem – can it fix this blot on its CV?

Bogus users claiming to work for Apple and Amazon are doing serious reputational damage to the online service

Motor1

GM Pauses Twitter Advertising For Now Following Musk Takeover

Customer interaction will continue while the company evaluates the direction of the platform.

The Street

Twitter Takeover: Pranksters Play Dirty Trick on Journalists

Pranksters took part of the news cycle on Friday, and claimed they were former employees, but it was apparently a hoax.

The Independent UK

NLRB alleges Amazon's Jassy violated labor law in interviews

The National Labor Relations Board has filed a complaint accusing Amazon CEO Andy Jassy of violating labor law during media interviews this year where he said workers are better off without a union

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AFP

Boeing reports huge loss on defense contract woes

New York (AFP) - Aerospace giant Boeing reported a surprise $3.3 billion third-quarter loss Wednesday as it struggled with swelling costs on several defense programs, including the US presidential jet Air Force One.

Salon

Big money is backing the "Big Lie"

Wealthy donors are funding pro-Trump state-level candidates in battlegrounds like Michigan, Nevada and Arizona

StockNews.com

Fade the Friday Rally

Bull markets do not go straight up. There are plenty of down days, weeks and even months for the S&P 500 (SPY) added into the mix. Conversely bear markets do not go straight down. In fact, they have some pretty sizeable rallies that come along the way often clouding the…

The Independent UK

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

The Independent UK

Mike Pence caught sighing when asked about Kevin McCarthy pledge to limit Ukraine aid if GOP win midterms

The House minority leader said he supported Ukraine, but was concerned by the national debt

The Independent UK

Jeff Bezos, one of the world’s richest men, warns the rest of us about economic recession: ‘Batten down the hatches’

The CEO of JPMorgan Chase, Jamie Dimon, also predicts a recession within the next nine months

Benzinga

SpaceX Starlink's New In-Flight Connectivity Service, Amazon's NY Workers Reject Union, Celsius Network Faces Several Federal Investigations: Top Stories Wednesday, Oct. 19

Reuters US Lawmakers Plan Hearing On Kroger, Albertsons' $25B Merger

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