Politicians pushing for new legislation that would rein in the power of big tech have seen their hopes pricked and dashed several times over the past few months. Last week, one of the brighter notes for those supporting the push for new antitrust laws was when the House of Representatives passed a bill that gave …
Category Archives: World News
North Korea fires a ballistic missile into the Sea of Japan
WASHINGTON — North Korea launched a ballistic missile that likely flew over Japan, the militaries of South Korea and Japan said Wednesday night. The unidentified ballistic missile was launched into the Sea of Japan, South Korea’s Joint Chiefs of Staff confirmed to NBC News. The White House and Pentagon did not immediately respond to CNBC’s …
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Why the Federal Reserve will not be easing its battle in opposition to inflation anytime quickly
Federal Reserve Chairman Jerome Powell speaks during a Fed Listens event in Washington, DC, U.S., Friday, September 23, 2022. Federal Reserve officials gave their clearest signal yet this week that they are ready to a Recession as a necessary compromise to regain control of inflation. Al Drago | Bloomberg | Getty Images Think of Federal …
What are the perfect enterprise resorts in Europe: London, Paris, Frankfurt
International travel can still have its challenges. But finding a solid hotel for a business trip is not one of them. CNBC Travel and market data company Statista today release a Ranking of the “Best Hotels for Business Travelers” in Europe. This is the first ranking of its kind between CNBC and Statista, who also …
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South Korea’s Naver buys US e-retailer Poshmark for $1.2 billion
Rafael Henrique | flare | Getty Images South Korean internet giant Naver is acquiring US e-retailer Poshmark for around $1.2 billion, the companies announced on Monday. Poshmark shares plummeted as much as 14% in extended trading. Naver is paying $17.90 per share in the all-cash deal. Shares of the South Korean internet giant fell more …
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Ukraine ambassador tells Elon Musk to again off after billionaire’s Twitter ballot
In this photo illustration Elon Musk’s Twitter account is shown on a smartphone screen with the Twitter logo in the background. Pavlo Gonchar | Light Rocket | Getty Images WASHINGTON — American tech billionaire Elon Musk drew the public ire of Ukraine’s top officials on Monday after the Tesla CEO tweeted what he said was …
Search and rescue efforts underway in Florida after ‘catastrophic’ hurricane
An aerial photo taken on Sept. 30, 2022 shows the only access to the Matlacha neighborhood destroyed after Hurricane Ian in Fort Myers, Florida. Ricardo Arduengo | AFP | Getty Images Search and rescue efforts are underway in Florida after a devastating Category 4 hurricane made landfall on Wednesday. At least 77 people have been …
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Tesla (TSLA) Q3 2022 Automobile Supply and Manufacturing Numbers
A Tesla Model Y on display at a Tesla store at Westfield Culver City Shopping Center in Culver City, California, United States on Thursday, April 14, 2022 Bing Guan | Bloomberg | Getty Images The electric vehicle manufacturer Tesla has just published the vehicle production and delivery figures for the third quarter of 2022. Here …
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People undergo from monetary burnout
A recession is a very real possibility. With the Federal Reserve aggressively raising interest rates to combat persistent inflation, the tough stance may come at a price. Already, falling stock markets have wiped out more than $9 trillion in US household wealth. Fed Chair Jerome Powell also warned that the central bank’s upcoming moves to …
The recession could possibly be a serious handicap for Starbucks and Amazon unions
The union movement, launched across the country more than a year ago, has continued its momentum in 2022, with workers in warehouses, cafes, grocery stores and airlines pushing for representation. Working conditions during the pandemic prompted many of these frontline workers to organize, but fears about the economy and a possible recession could slow the …