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The Latest Breaking News from CNBC

Morgan Stanley's chief strategist thinks investors are in for a bumpy ride after they realize there's no more Fed rate cut 'heroin'

“Once people realize the Fed’s not cutting rates—there’s no more heroin, so to speak—then we’re going to price the fundamentals, which are clearly deteriorating in our view,” Wilson told CNBC Tuesday.

Fortune

Jay Leno broke bones in a recent motorcycle accident — and now his 'Garage' is canceled

Jay Leno broke his collarbone and several other bones in a motorcycle accident last week, the comic revealed in an interview published Thursday night. The revelation comes less than two months after he suffered second-degree burns in a car fire in his Burbank garage — and at the same time…

Los Angeles Times

[UPDATE] Report: Jay Leno's Garage TV Series Cancelled

The network is allegedly changing its programming strategy during primetime. Leno's show doesn't fit with that plan.

Motor1

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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

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

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

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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

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.

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?

Fortune

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.

InsideEVs

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.

Fortune

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.

Zenger

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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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Fortune

Wall Street’s top strategist warns investors to brace themselves for stocks to plummet more than 20%

He said many investors were insufficiently prepared for what’s around the corner.

Fortune

This $8 billion startup is fining employees $1,200 for contacting colleagues on vacation

Roughly half of U.S. employees report working at least one hour a day even when on vacation.

Zenger

Its No Longer A Small World: Disney CEO Bob Iger Terminates COVID-19 Era Work From Home Policy

Disney CEO Bob Iger Terminates COVID-19 Era Work From Home

Tribune News Service

Why are eggs still so expensive?

Egg prices jumped 49% in 2022 through November, according to data from the Bureau of Labor Statistics, and costs are expected to remain high through the first quarter of 2023, CNN and CNBC report.

Fortune

The ‘everything bubble’ has popped and the experts on Wall Street and in Silicon Valley were spectacularly wrong about a ton of things

Morgan Stanley analysts were sure Carvana stock would hit $430 a share and the crypto faithful believed Bitcoin would top $1 million.

The Independent UK

Walgreens executive admits retail theft concerns are overblown: ‘Maybe we cried too much’

Investments in private security have been “largely ineffective” after theft issue dominated headlines heading into midterms

Tribune News Service

Southwest Airlines’ meltdown loss could run $500 million to $700 million

When Southwest Airlines’ had an operational meltdown in October 2021, it cost the airline $75 million in lost revenue.

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