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The economy faces a heightened risk of a recession, Ford (F) CEO Jim Farley told CNBC on Tuesday, a week after the automaker warned investors of $1 billion in unexpected supplier costs and parts shortages in the third quarter. But the Club is sticking with Ford because we believe it has what it takes to navigate macroeconomic headwinds and supply disruptions.
Jim Cramer and Jeff Marks share their thoughts on how the latest inflation reads will not deter the Federal Reserve from hiking interest rates even further. They also break down the stock they like off of Nike's inventory glut issues.
South Korea seeks to freeze $62 million of bitcoin linked to crypto founder Do Kwon as manhunt continues
South Korean authorities told CNBC on Wednesday that they have asked two cryptocurrency exchanges KuCoin and OKX to freeze more than $60 million worth of bitcoin linked to Do Kwon. Kwon is the founder of Terraform Labs, the company behind the algorithmic stablecoin terraUSD or UST and its sister token...
FTX's winning bid for bankrupt crypto firm Voyager Digital includes a $51 million cash payment, with an additional $60 million in earnouts and incentives. The bulk of the offer is for the fair market value of Voyager's cryptocurrencies, which Sam Bankman-Fried's FTX will distribute pro rata to customers who move to FTX's platform.
Investors looking to scoop up deals and position themselves for long-term growth should act now instead of waiting for stocks to bottom, David Rubenstein said Wednesday. "People shouldn't be afraid of going in and buying things now," The Carlyle Group co-founder said during CNBC's Delivering Alpha Investor Summit in New York City. "The great fortunes in the investment world are often made by buying things at discounts."