CNBC World News

Twitter employees expect a 50% reduction in force, as Elon Musk scrambles to improve margins at the social network he just acquired for $44 billion.

Traders tried to decipher the Federal Reserve's message on its tightening path after the central bank approved another big rate hike.

Many are hoping for a "step-down" in policy that could see a rate increase of half a point at the December meeting and then a few smaller hikes in 2023.

Since Elon Musk's acquisition of Twitter closed last week, employees have been concerned that they wouldn't be paid for their vested stock.

An industrial park in China that is home to the world's largest assembly plant for Apple's iPhones has been ordered to complete a seven-day Covid lockdown.

Qualcomm shares fell in extended trading on Wednesday after the chipmaker offered poor first-quarter guidance.

Twitter's new owner Elon Musk was pressed by civil rights leaders to keep banned users off the site and maintain election integrity tools.

Shares of Airbnb fell Wednesday, a day after the company released third-quarter earnings that beat Wall Street's estimates but fell short on Q4 guidance.

That will give time to set up a clearer process around content moderation, Musk said, giving more details about his planned council to inform those decisions.

Ferrari raised its full-year guidance for the second time in 2022, after its third-quarter revenue and profit beat Wall Street's estimates.

Kathleen Breitman told CNBC "easy money" had artificially inflated crypto firms, and a shake-out looms in which only truly useful applications survive.

Netanyahu is the longest-serving prime minister in Israel's history, and is currently charged with multiple counts of corruption with investigations and legal proceedings ongoing.

Some Twitter employees are unable to discipline users that break the app's rules around hate speech and misinformation unless they are serious violations.

Companies added 239,000 positions in October, ahead of the Dow Jones estimate of 195,000, ADP reported Wednesday.

Some of the biggest names in sports are investing in Tiger Woods' and Rory McIlroy's new company as they look to the future of professional golf.

Binance CEO Changpeng Zhao, now an investor in Twitter, said he was "a little surprised" when he heard Musk had agreed to acquire the platform after all.

The business is looking to build a gigafactory in the county of Northumberland, northeast England.

The market expects the Bank of England to raise interest rates by 75 basis points on Thursday, its largest hike since 1989.

The company, which listed in 2021, has suffered from consumers cutting back on big ticket items.

Goldman Sachs predicts that European natural gas prices would drop by about 30% in the coming months as nations gain a temporary upper hand on supply issues.