The writer and director made his comments during an interview with CNBC’s Tania Bryer at the World Economic Forum in Davos, Switzerland.
Party City files for bankruptcy with plans to restructure mounting debt
Retailer Party City has filed for Chapter 11 bankruptcy protection, toppled by a heavy debt load as inflation hits consumers’ wallets and dents sales.
John Kerry says thawing U.S.-China tensions could make a huge difference to climate fight
The U.S. and China formally resumed stalled climate talks with China late last year following a meeting between President Joe Biden and President Xi Jinping.
Stocks making the biggest moves premarket: United Airlines, Moderna, IBM and more
These are the stocks posting the largest moves before the bell.
Bank of America CEO says capitalism needs cleaning up with new global ESG rules
Brian Moynihan said the world needs a global standards line so business and society can say, “if you’re below it we shouldn’t do business with you.”
Bank of America downgrades Levi Strauss, says upside is hard to see with discounts and sliding denim demand
Sliding demand for denim and a continued reliance on markdowns make it hard to expect outperformance from Levi Strauss, Bank of America said Wednesday.
Smartphones, used cars and bacon: 10 things with the biggest price drops in 2022, despite inflation
Overall inflation in 2022 peaked at its highest levels since the early 1980s. Here’s why consumers saw some items deflate.
Aramco chief warns of possible oil supply shortages, as Chinese demand set to surge
The latest IEA oil market report forecasts global oil demand will hit a record 101.7 million barrels per day this year — with nearly half of that coming from China.
Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses
Credit Suisse is seeing a sharp reduction in client outflows, as the embattled Swiss lender progresses with its major strategic overhaul, new CEO Ulrich Koerner told CNBC on Wednesday.
CrowdStrike is a buy as it becomes a bigger player in the cybersecurity space, BMO says
CrowdStrike could benefit from consolidation as clients look to use one company for multiple services, BMO said.