CNBC Inc.

The boss of one of Australia’s big four banks is urging businesses to brace for impact, after delivering a grim economic outlook for the years ahead.Despite the nation’s inflation rate dipping by 0.8 per cent from its December peak, ANZ…

A UK economist has delivered a dire warning to the rest of the world amid new “compelling” data which suggests a recession is on the cards within a matter of months.Chris Watling, chief executive of financial advisory firm Longview…

US retailer Bed Bath & Beyond, seller of everything from shower curtains and soaps to vacuum cleaners and duvet covers, for years was a fixture on the Fortune 500 list of biggest American companies.But after a years-long decline that…

Facebook parent company Meta has started sacking 4000 employees in technical roles as part of the tech giant’s latest round of job cuts announced last month.CNBC reported on Wednesday that employees with technical backgrounds such as user…

US pharmaceutical giant Pfizer has announced a deal to buy biotech firm Seagen, which specialises in innovative cancer treatment, for $US43 billion ($A64.6 billion).Pfizer is offering $US229 ($344) per share in cash, and the companies…

We’ve all heard of “quiet quitting,” one of the buzzwords of last year, when employees do the bare minimum to keep their jobs. But be warned, because there’s a new workplace word in town. And it’s not great if have you confidently embraced…

Elon Musk appears to have moved the goalposts at Twitter after an online poll he set up to see if he should remain as CEO, the results of which he said he would abide by, resulted in more than 57 per cent of people saying he should step…

A once-leading global vape provider is looking to shave off a third of its global workforce to save itself from bankruptcy. On Thursday, Juul Labs – a company behind rechargeable e-cigarettes (or ‘vapes’) – reached a financing deal with…

Crypto wunderkind Sam Bankman-Fried’s net worth was $24.2 billion ($US15.6 billion) on Monday night when he went to bed. But when he woke up the next morning, his fortune was gutted by 94 per cent.One of the richest people in the world, the…

Elon Musk has sent out a characteristically cheeky tweet after taking control of Twitter, in a deal that puts him at the helm of one of the leading platforms for global discourse.Musk completed the $44 billion (A$68 billion) takeover on…