Former U.S. President Donald Trump exits the courtroom for the day at Manhattan Criminal Court during his trial for allegedly covering up hush money payments on April 19, 2024 in New York City. Spencer Platt | Via Reuters This is developing news. Check back for updates. Prosecutors and defense lawyers […]
CNBC News
Couple grew their basement side hustle into a business bringing in $4.5M/year: We’d ‘never seen anything like that in a bank account’
After months of bringing in less than $100 a day, Audrey Finocchiaro and her then-boyfriend Sam Lancaster were close to walking away from their coffee cart. They built the wooden cart with bicycle tires and a kickstand in her parents’ basement in 2016, maxing out her credit card’s $1,500 limit […]
Israel’s military intel chief resigns, citing failures over Oct. 7 attack
Tanks, armored vehicles and military machinery belonging to the Israeli army on April 17, 2024. Anadolu | Anadolu | Getty Images The intelligence chief of Israel’s Defense Forces has resigned citing failures linked to the Hamas terror attack carried out on Oct. 7, during which 1,200 people died in Israel […]
Ukraine is given a reprieve by the U.S., but faces race against the clock over weapons supplies
Ukrainian servicemen monitor the situation along the front via drones in the direction of Kreminna, Ukraine as Russia-Ukraine war continues on 31 March 2024. Anadolu | Anadolu | Getty Images Ukraine received a vital reprieve from the U.S. at the weekend after the House of Representatives passed a $61 billion […]
Here’s why FEMA has spent about $4 billion to help destroy flood-prone homes
Just an inch of floodwater can generate tens of thousands of dollars in property damage. Homeowners trying to move and start over after such a disaster might find a surprising buyer for their home: the government. The Federal Emergency Management Agency, or FEMA, has spent around $4 billion assisting in […]
Tesla slides 3% in premarket, Li Auto sinks 8% as EV makers slash prices amid fierce competition
Pedestrians walking past a Tesla store in Shanghai, China, on March 14, 2024. CostFoto | Nurphoto | Getty Images Tesla shares sank in premarket trading on Monday, while China’s Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles in various markets amid intense […]
China is still years behind the U.S. despite Huawei’s breakthrough chips, Raimondo tells ’60 Minutes’
WASHINGTON, DC – JULY 25: U.S. Secretary of Commerce Gina Raimondo listens as U.S. President Joe Biden participates virtually in a meeting on the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act, in the South Court Auditorium at the White House on July 25, 2022 in Washington, DC. […]
Blinken to warn China over its support for Russia’s military during this week’s visit
US Secretary of State Antony Blinken (L) and China’s Foreign Minister Qin Gang shake hands ahead of a meeting at the Diaoyutai State Guesthouse in Beijing on June 18, 2023. Leah Millis | AFP | Getty Images U.S. Secretary of State Antony Blinken will warn China about its support for […]
Why Apple is betting big on India
“There are a lot of people coming into the middle class, and I really feel that India is at a tipping point, and it’s great to be there,” Apple CEO Tim Cook said in May last year. His comments underscore one reason Apple has recently made an aggressive play to […]
Global energy transition will require $4 trillion annually by next decade, BlackRock says
The BlackRock logo is seen outside of its offices in New York City. Brendan McDermid | Reuters BlackRock estimates that the world’s green energy transition will require $4 trillion annually by the mid-2030s, calling for more public-private partnerships, especially in Asia-Pacific. The forecast comes from BlackRock’s latest “Investment Institute Transition […]