The 56-meter (184 feet) sailing boat, called “The Bayesian,” was hit by a violent storm around 4 a.m. local time Monday with 10 crew and 12 passengers on board.
‘Britain’s Bill Gates’: Who is Mike Lynch, the UK tech entrepreneur missing after superyacht sinks?
Mike Lynch was only recently cleared of fraud charges in a landmark trial. Now, in a shock turn of events, he’s gone missing after the sinking of a superyacht.
China’s youth unemployment soars above 17% in July, highest since new system began in December
China’s youth unemployment rate soared above 17% in July to the highest level since the new system of record-keeping began in December, official data showed.
CNBC Daily Open: Wall Street extends winning run
S&P 500 and Nasdaq extend winning streak. AMD’s $4.9 billion acquisition. GM to cut 1,000 jobs.
Waymo is developing a roomier robotaxi with less-expensive tech
Alphabet-owned Waymo has revealed details about its newest “generation 6” self-driving technology as it looks to scale its robotaxi operations in the U.S.
Asia-Pacific markets mostly climb; China holds loan prime rates and RBA minutes in focus
China’s loan prime rates were held at 3.35% for the one-year LPR and 3.85% for the five year LPR, in line with expectations
Beijing and Hollywood are decoupling as Chinese audiences favor domestic productions
After years of strong showings in China’s box office, Hollywood films are being pushed out by homegrown blockbusters in the massive movie market.
British tech entrepreneur Mike Lynch reported missing after superyacht sinks off Sicily
British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off the coast of Sicily, sources familiar with the matter told CNBC.
Russia struggles to respond to Ukraine’s incursion as advancing forces destroy key bridges and war potential
Ukrainian forces say they’ve blown up a second strategically significant bridge in Russia’s Kursk region, as Kyiv continues its incursion.
Mitigating Economic Risk in Multi-Factor Strategies
Here’s a weighting scheme to mitigate economic risks while preserving the benefits of diversified multi-factor strategies.