finance and investments

Jeff Bezos’ top tips for managing the economic downturn

Washington CNN Business — Amazon founder Jeff Bezos recently warned consumers and businesses that they should consider postponing major purchases in the coming months as the global economy faces a slowdown and faces a possible recession. . The entrepreneur offered his most raw advice yet on a faltering economy in a exclusive interview with CNN’s …

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Crypto: What’s next as FTX collapse triggers ‘Lehman moment’?

London CNN Business — The breathtaking fall of the FTX exchange, one of the largest and most reputable players in the digital asset market, is raising the alarm among people who own cryptocurrencies as investors run for cover. There are still many unanswered questions. But two big issues loom: how far will the damage extend? …

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Rivian has both good and bad news at end of tough day for EV stocks

New York CNN Business — Electric truck maker Rivian delivered a mixed bag to investors in its third-quarter earnings report, after a brutal day for its shares and those of other electric vehicle makers. On the one hand, Rivian reported a lower-than-expected adjusted loss of $1.4 billion, less than the $1.7 billion loss forecast by …

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