December 22, 2023

Markets Now 12/22

Billionaire megadonor suspends donations to Harvard

Billionaire Len Blavatnik is joining the list of frustrated Harvard donors closing their checkbooks to the university.  
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Nike says it will cut $2 billion in costs in a major warning for consumers

Nike, a bellwether for the global economy, sounded a warning sign Thursday as the sneaker giant sees consumers becoming more cautious.  
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Analysis: The highs (and lows) of the year in markets

We’ve made it to the final Before the Bell of 2023 and what a difference these last 12 months have made.  
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Video: A look at how rich the McCallisters were in 'Home Alone'

Ever wondered how rich the McCallister family in the Christmas classic “Home Alone” really were? The New York Times turned to economists and people involved with the film to find the answer. CNN’s Phil Mattingly breaks it down.  
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Prominent Chinese business analysts are starting to disappear from social media

Some of China’s most prominent analysts have been subjected to social media restrictions that appear designed to restrict their ability to comment on the country’s ailing stock markets and struggling economy.  
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Tencent loses $50 billion in market value as China targets in-game spending

Shares of several Chinese tech giants tanked in Hong Kong, after Beijing unveiled a new set of regulations to restrict online spending in the gaming industry as part of its wider crackdown.  
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Source: CNN Business

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