Twitter and Square CEO Jack Dorsey Says ‘Hyperinflation' Will Happen Soon in the U.S. and the World

Tesla shares surged 33% this week, marking their best weekly performance since May 2013. CEO Elon Musk said earlier this week the company was on target to potentially produce 2 million vehicles in 2023. The rebound followed a six-month period in which Tesla shares declined more than 40%. Tesla shares...

Treasury yields climbed on Friday as a key inflation report watched by the Federal Reserve indicated a sizable increase in prices. The yield on the benchmark 10-year Treasury was up by a little over 2 basis points to 3.515% after topping 3.52% earlier in the session. The 2-year Treasury yield was last trading at 4.205% after rising by around 3 basis points. Yields and prices have an inverted relationship and one basis point equals 0.01%.

Intel shares closed down 6.4% on Friday, a day after the company reported dismal quarterly and full-year 2022 results. One analyst said there were "no words" to describe the collapse of Intel, which has suffered as consumer demand for PCs has slackened overall. The company posted a 32% year-over-year decline...

This is CNBC's live blog covering European markets. European markets were cautiously higher Friday, after U.S. economic data came in stronger than expected, and with a slew of rate hike decisions due next week. The pan-European Stoxx 600 index was up 0.1% in early afternoon trade, with all major bourses...

The package includes a $2 million base salary and variable compensation of $23 million, New York-based Goldman said in a filing. Most of Solomon's bonus — 70%, or $16.1 million — is in the form of restricted shares tied to performance metrics, while the rest is paid in cash, the bank said.

Many at the World Economic Forum in Davos described India as a bright spot on the world stage. Infrastructure spending, foreign investment, the digital transition and inflation heading lower were cited as causes for optimism. However, some analysts argue the country is largely benefiting from weak comparisons. With 2023's World...

Data from the past month has been positive: the U.S. is at its lowest unemployment rate in 50 years and, over the past two years, job growth has been at its strongest rate ever, although that's partially due to the historic drop during the 2020 pandemic lockdowns. Though consumer prices...

There's a lot of speculation about whether a recession is coming in 2023. Some economists say the country is already experiencing a "rolling recession," rather than a broad contraction to come later. There are certain steps Americans can take now to prepare for successive downturns. By most measures, the U.S....

Wise was accused on Friday of harming competition in the money transfer market by delisting a rival, Atlantic Money, from its foreign exchange fee comparison tool. In a letter to the U.K. Competition and Markets Authority, Atlantic Money said Wise's conduct was "harmful to competition" and "ultimately results in higher fees for end consumers."

The steel industry brings in revenue of about $1.6 trillion a year and represents between 7% and 9% global carbon dioxide emissions, according to the World Steel Association. On Friday, the clean steel technology company Boston Metal, which spun out of Massachusetts Institute of Technology announced a $120 million funding round, led by the international steel giant ArcelorMittal and with participation from software behemoth Microsoft.

WASHINGTON, Jan 28 (Reuters) - A four-star U.S. Air Force general said in a memo that his gut told him the United States would fight China in the next two years, comments that Pentagon officials said were not consistent with American military assessments.

Check out the companies making headlines in after-hours trading. Intel — Shares of Intel plunged 8.2% after the company reported earnings that missed on the top and bottom lines. The company reported adjusted earnings of 10 cents per share on $14.04 billion in revenue where analysts expected 20 cents per share on revenue of $14.46 billion, per Refinitiv. Intel also gave weak guidance, forecasting a net loss in the first quarter.

Another round of weak data this morning. The economy may well be contracting right now--which makes sense, given that it got over-inflated after all the Covid stimulus. We'll probably only call it a "recession," technically speaking, once the labor market rolls over, though. So let's back up. Keep in mind...

The Department of Justice's latest challenge to Google's tech empire is high risk with potentially high reward. If the agency gets its way, it would get a court to order a breakup of Google's digital advertising business and expand the boundaries of antitrust law for future digital monopoly cases. But...

Supply chain managers' biggest fear is a second pandemic wave after Lunar New Year. There are concerns about port and trucking labor shortages and delays. The impact of the first Covid wave in China was swift but not long lasting, according to Infinite Electronics, a global supplier of components, and it is not expecting operating conditions to deteriorate as badly this time.

Russian Foreign Minister Sergei Lavrov visited Pretoria as part of an African tour. Diplomatic analysts told CNBC that the tour primarily represented an assertion of Russia's "non-isolation." Steven Gruzd of the South African Institute of International Affairs told CNBC that the timing of a joint military exercise with Russia to...