It’s a hot summer day when economist Laurence Kotlikoff sits down for breakfast at a Boston restaurant not far from where he has taught economics for more than 30 years. The neighborhood feels empty, with many students still gone and other residents presumably enjoying the last days of the season. […]
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Ocean Cleanup launches to take on the Great Pacific Garbage Patch
The Great Pacific Garbage Patch is now twice the size of Texas and contains 1.8 trillion pieces of trash floating in the ocean. The Ocean Cleanup is an ambitious non-profit committed to removing it, and on Saturday it launches its first system out to sea from the San Francisco Bay. […]
The 2018 US Open pays the most in tennis history—here’s how much the women’s champ will earn
Serena Williams and Naomi Osaka will compete for the 2018 US Open title Saturday at 4 p.m ET. Osaka, 20, is making her Grand Slam final debut, while Williams, 36, is vying for her 24th Grand Slam title and seventh US Open title. Today’s winner will collect a $3.8 million […]
Tesla keeps losing senior leadership — here are some of the key departures this year
Shares of Tesla tanked as much as 10 percent Friday after CEO Elon Musk smoked marijuana on video and two C-suite executives left the company. Chief Accounting Officer Dave Morton resigned after about a month on the job, while Chief People Officer Gaby Toledano said she would not return after […]
US and China could soon prompt a ‘big slowdown’ in global growth, former bank regulator warns
The economic policies being pursued by the U.S. and China could bring about a massive slowdown in global growth, according to Britain’s top former bank regulator. Economic growth in the U.S. remains robust in 2018, yet in much of the rest of the world signs of deteriorating momentum have emerged […]
Italy’s economy would struggle with ‘even a minor recession,’ former IMF director says
Italy‘s economy is in such a fragile state that even a minor recession could be very dangerous, according to a former director at the International Monetary Fund (IMF). Italy’s coalition government is poised to present its 2019 budget next month, setting out its economic and financial plans for the coming […]
What to expect from Apple’s big iPhone event on Sept. 12
Kuo has also reportedly said that Apple will include up to 512GB of storage in the iPhone Xs and iPhone Xs Max — twice what any current iPhone offers — stainless steel frames, Apple’s new A12 processor, dual 12-megapixel cameras for portrait pictures and three color options (black, white and […]
Former Tesla accounting chief Dave Morton is going to Anaplan
Tesla announced that chief accounting officer Dave Morton was leaving the company after less than a month on Friday. Now CNBC has learned from several people familiar that Morton is becoming chief financial officer at Anaplan, a business software company that wants to go public. The company confirmed the news […]
Obama visit to California highlights how obstacles remain for Democrats trying to flip GOP House seats
Democrats appear hopeful of gaining some GOP-held House seats in California in the November midterm elections. But a campaign rally planned for Saturday with former President Barack Obama may say a lot about what obstacles remain for them in flipping traditionally red congressional districts that President Donald Trump won in […]
Houzz may have a $1.2 trillion opportunity in North America and Europe alone: CEO
Concerns around a slowdown in the U.S. housing market haven’t offset business at Houzz, a rapidly growing online home improvement platform and CNBC Disruptor that helps consumers seek out products and professional designers. In an exclusive interview with CNBC’s Jim Cramer, Houzz co-founder and CEO Adi Tatarko said that the […]