Moody's cut China's credit outlook to negative on rising debt risks (www.cnbc.com)
Ratings agency Moody’s downgraded its outlook on China’s government credit ratings to negative from stable, expecting Beijing’s support and possible bailouts for distressed local governments and state-owned enterprises to diminish China’s fiscal, economic and institutional strength....
Americans are 'doom spending' — here's why that's a problem (www.cnbc.com)
How America racked up a record $1 trillion credit card bill (www.cnbc.com)
Amazon broke federal labor law by calling Staten Island union organizers 'thugs,' interrogating workers (www.cnbc.com)
Alaska Airlines says it's buying Hawaiian Airlines in $1.9 billion deal (www.cnbc.com)
Return to office is ‘dead,’ Stanford economist says. Here’s why (www.cnbc.com)
Return to office is ‘dead,’ Stanford economist says. Here’s why::The share of workers being called back to the office has flatlined, suggesting remote work is an entrenched feature of the U.S. labor market.
Pending home sales drop to a record low, even worse than during the financial crisis (www.cnbc.com)
Americans are ‘doom spending’ — here’s why that’s a problem (www.cnbc.com)
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Return to office is ‘dead,’ Stanford economist says. Here’s why (www.cnbc.com)
Robinhood CEO defends payment for order flow, says practice is ‘here to stay’ (www.cnbc.com)
Robinhood CEO defends payment for order flow, says practice is ‘here to stay’::That’s despite calls from notable consumer trading advocates and regulators for a ban on the practice.
‘Stop the price-gouging’: Biden hits corporations over high consumer costs (www.cnbc.com)
Okta hackers stole data on all customer support users in major breach (www.cnbc.com)
Okta hackers stole data on all customer support users, company says (www.cnbc.com)
Okta hackers stole data on all customer support users, company says::The hack was worse than initially believed, with every client having some data stolen in the breach, the cybersecurity company warned.
'Retirement isn't that easy': 3 people on working into their 90s and 100s (www.cnbc.com)
Shein files for U.S. IPO as fast-fashion giant looks to expand its global reach (www.cnbc.com)
Shein has confidentially filed to go public and is moving forward with its long-rumored IPO....
China leads Asia market declines as property stocks plunge; Japan service inflation heats up (www.cnbc.com)
Asia-Pacific stocks fell on Monday as the Chinese market dropped due to a decline in property firms, while Japan’s service inflation surged to a 45-month high....
UAE reportedly planned to use COP28 climate summit to lobby for oil and gas deals (www.cnbc.com)
The United Arab Emirates planned to use its role as the host of the biggest and most important annual climate conference as a platform to lobby foreign government officials for oil and gas deals, according to a cache of internal documents obtained by a not-for-profit investigative journalism organization....
Black Friday shoppers spent a record $9.8 billion in U.S. online sales, up 7.5% from last year (www.cnbc.com)
Black Friday e-commerce spending popped 7.5% from a year earlier, reaching a record $9.8 billion in the U.S., according to an Adobe Analytics report, a further indication that price-conscious consumers want to spend on the best deals and are hunting for those deals online....
Turkey's central bank hikes interest rate by 500 basis points to 40%, well above expectations (www.cnbc.com)
Microsoft exec says OpenAI employees can join with same compensation (www.cnbc.com)
Microsoft exec says OpenAI employees can join with same compensation::Microsoft CTO Kevin Scott offered to match the compensation of OpenAI employees considering a departure from the company.
Germany slides deeper into budget crisis. Here's what you need to know (www.cnbc.com)
Germany’s budget is in trouble....
Binance users pull over $1 billion from the exchange after CEO leaves, pleads guilty (www.cnbc.com)
Binance users pull over $1 billion from the exchange after CEO leaves, pleads guilty::Binance has seen outflows amounting to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen.
Ford to scale back plans for $3.5 billion Michigan battery plant as EV demand disappoints, labor costs rise (www.cnbc.com)
Ford Motor is scaling back plans for a $3.5 billion battery plant in Michigan as consumers move to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs....