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Asia-Pacific stocks climb;  Fed's Powell warns he can't guarantee 'soft landing'

Asia-Pacific stocks climb; Fed’s Powell warns he can’t guarantee ‘soft landing’

SINGAPORE — Shares in Asia-Pacific edged higher in Friday morning trade, continuing a rollercoaster week as investors remain cautious over inflation and the global economic outlook. The Nikkei 225 in Japan traded 1.05% higher, with shares of Japanese conglomerate SoftBank Group jumping more than 2% despite reporting Thursday a record loss at its Vision Fund …

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Jim Cramer says investors shouldn't allow a tumultuous market to prevent them from finding 'better opportunities'

Jim Cramer says investors shouldn’t allow a tumultuous market to prevent them from finding ‘better opportunities’

CNBC’s Jim Cramer on Thursday said that while investors should tread carefully as the stock market continues to be stormy, they also shouldn’t be afraid to make moves to strengthen their portfolios. “We want to be very careful to buy stocks with stories that can handle a slowdown. … A good portfolio manager never sells …

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Start-up investor Jason Calacanis raising millions for Twitter stake

Start-up investor Jason Calacanis raising millions for Twitter stake

Jason Calacanis Adam Jeffery | CNBC Angel investor Jason Calacanis, an early backer of Uber and Robinhood, is seeking to raise tens of millions of dollars for a stake in Twitter as part of Elon Musk’s $44 billion agreement to buy the social media company. “We are now collecting interest to invest in Twitter with …

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Stock futures fall slightly with S&P 500 teetering on edge of a bear market

Stock futures fall slightly with S&P 500 teetering on edge of a bear market

Stock futures dipped on Thursday evening as investors geared up for the S&P 500 to potentially slide into official bear market territory. Futures tied to the Dow Jones Industrial Average shed 39 points, or 0.1%. S&P 500 futures lost 0.1% and Nasdaq-100 futures fell marginally. On Wednesday, the S&P 500 and Dow bounced off their …

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Powell says he can't guarantee a 'soft landing' as the Fed looks to control inflation

Powell says he can’t guarantee a ‘soft landing’ as the Fed looks to control inflation

US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. jim watson | AFP | Getty Images Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority. Powell said he couldn’t promise a so-called soft …

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Robinhood shares pop more than 20% after Sam Bankman-Fried buys 7.6% stake

Robinhood shares pop more than 20% after Sam Bankman-Fried buys 7.6% stake

Sam Bankman-Fried, CEO of FTX US Derivatives, testifies during the House Agriculture Committee hearing titled Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models, in Longworth Building on Thursday, May 12, 2022. tom williams | CQ-Roll Call, Inc. | Getty Images Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a …

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Federal Reserve Chair Jerome Powell confirmed by Senate for a second term

Federal Reserve Chair Jerome Powell confirmed by Senate for a second term

Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation. Win Mcnamee | Getty Images As he and his colleagues engage in a …

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Boeing considers redesigning crucial valve for Starliner space capsule

Boeing considers redesigning crucial valve for Starliner space capsule

Boeing’s Starliner capsule for the Orbital Flight Test 2 (OFT-2) mission is lifted on top of United Launch Alliance’s Atlas V rocket on May 4, 2022. Frank Michaux/NASA Boeing is examining whether to redesign the propulsion valves on its Starliner crew capsule, a crucial system that has kept the company from flying astronauts for NASA …

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Yellen: Cryptocurrency market turbulence is not 'real threat' to US financial stability.

Yellen: Cryptocurrency market turbulence is not ‘real threat’ to US financial stability.

Treasury Secretary Janet Yellen said Thursday that the turbulence in the cryptocurrency market is not a hazard for the stability of the US financial system. Yellen noted that TerraUSD USTUSD, -57.88% had decoupled from its $1 peg in recent days and the world’s largest stablecoin, tether, briefly was under similar pressure. Other companies in the …

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Alphabet CEO Sundar Pichai: CNBC interview

Alphabet CEO Sundar Pichai: CNBC interview

CNBC: Sundar Pichai, CEO of Alphabet and Google being interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market. “We definitely see uncertainty ahead, like everyone else,” Pichai told …

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