CNBC World News

Musk completed his $44 billion acquisition of the company this week.

While Apple gave Wall Street a reason to cheer, the other Big Tech companies showed how challenging the economic environment has become for their businesses.

Pending home sales suffered a worse decline than expected from August to September, as mortgage rates surged.

They told the CEOs of Amazon, Apple, Google, Meta, Microsoft and DigitalOcean that they should be "more proactive" in getting important services to Iran.

Amazon gave weak guidance for the fourth quarter, and its third-quarter results fell short of expectations.

Apple's performance during earnings this past week got a drastically different reaction from investors than its Big Tech peers Amazon, Google and Facebook.

The core personal consumption expenditures price index increased 0.5% from the previous month and accelerated 5.1% over the past 12 months.

Rishi Sunak and his tech heiress wife, Akshata Murty, are worth an estimated £730 million ($844 million).

After Musk indicated his takeover of Twitter was complete, the EU's Thierry Breton tweeted: "In Europe, the bird will fly by our rules."

Consumers and corporations have strong underlying credit and are not holding back, Brian Moynihan said.

Tesla CEO Elon Musk has taken control of Twitter, which he agreed to purchase for $44 billion.

Europe's energy crisis isn't over, and analysts are warning European policymakers against complacency.

Formal approval of the deal from the European Council and European Parliament is required before it takes effect.

The CEO of Bank of America doesn't appear worried about funding Elon Musk's Twitter takeover.

European telecom groups are demanding firms like Google and Netflix pay them to compensate for the outsized portion of bandwidth they take up on their networks.

Asia-Pacific has more to lose than any other region if the global trade system splits up in the wake of geopolitical tensions, the IMF warned.

China's latest Covid controls affected 9.2% of gross domestic product as of Thursday, up from 7% on Oct. 16, according to Nomura's model.

The central bank also said it would purchase necessary amounts of Japanese government bonds at a fixed rate in order to keep 10-year JGB yields at 0%.

The Reserve Bank of Australia has hiked the official cash rate six times in a row this year to 2.6%, forcing up mortgage rates from lows of around 2% to about 5% to 6%.

China is so far behind the U.S. in semiconductor technology that some investors are betting on startups to fill that gap.