CNBC World News

"Based on our current understanding, we are marking our investment down to $0," venture capital firm Sequoia Capital announced Wednesday.

Covid infections are surging in the capital of China's export-heavy Guangdong province, raising concerns of another drag on the economy.

Fraying diplomatic tensions between the U.S. and China are a big concern at the COP27 climate summit.

Bitcoin fell to a new bear market low Wednesday after Binance walked away from a deal to bail out FTX.

It will be years for Apple to diversify its China factories according to a research director while a Constellation Research analyst is bullish on Apple's stock.

Those who took part rated cities based on transport links, proximity of accommodation to attractions and information availability.

"Loss and damage" funding is a highly contentious issue that is seen as a fundamental question of climate justice.

Rocket Lab delivered quarterly results on Wednesday that boasted record revenue, with the space company tacking on additional contract wins across its business.

CPI data for October is set for release on Thursday.

The industry has returned to an annual ritual that's been part of what defined life on Wall Street: Cutting workers who are deemed to be underperformers.

Tesla CEO Elon Musk sold additional shares of his electric car company after closing the $44 billion purchase of Twitter.

Rivian said it now has "over 114,000" preorders for its R1-series trucks and SUVs.

Former President Donald Trump's chosen candidates did not fare as he had hoped in the 2022 midterm elections.

Meta CEO Mark Zuckerberg addressed employees Wednesday afternoon, hours after the company announced it is laying off 13% of its staff, more than 11,000 people.

Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg told employees on Wednesday.

Elon Musk has a lot of work to do to regain the trust of advertisers, but he seems more inclined to push them further away.

Shares of Tesla have been plummeting since Elon Musk said he would buy Twitter, and the retreat gained steam after Musk reported sales of Tesla stock.

Meta cut 11,000 jobs Wednesday in the biggest tech layoff of 2022. It's not alone.

The BMWED rail union pushes back date for potential strike against freight railroad companies that could cripple the U.S. economy.

Despite FTX being the fourth-biggest crypto exchange, the company wasn't immune from the downturn in digital assets.