Russian President Vladimir Putin during a meeting with his confidants for the 2024 election at Gostiny Dvor in Moscow, Russia, on Jan. 31, 2024. Maxim Shemetov | Reuters Speculation is mounting that Russian President Vladimir Putin will use his annual address to Russian lawmakers Thursday to announce that Russian troops […]
CNBC News
How much wealth do you need to join the 1% club in your country?
The sun sets on the skyline of midtown Manhattan, the Empire State Building and Hudson Yards in New York City on February 17, 2024. Gary Hershorn | Corbis News | Getty Images The entry barriers to the 1% rich club have been getting tougher across the world. Here’s how much […]
West closely watching Putin’s next move after breakaway region asks Moscow to ‘protect’ it from Moldova
Russian President Vladimir Putin during a meeting with his confidants for the 2024 election at Gostiny Dvor in Moscow, Russia, on Jan. 31, 2024. Maxim Shemetov | Reuters Speculation is mounting that Russian President Vladimir Putin will use his annual address to Russian lawmakers Thursday to announce that Russian troops […]
AB InBev profits rise despite ongoing hit from Bud Light boycott in U.S.
Bud Light, made by Anheuser-Busch. Joe Raedle | Getty Images Higher beer prices led Budweiser owner Anheuser-Busch InBev to profit and revenue growth last year, even as U.S. sales of key brand Bud Light were curbed by boycott action. The world’s biggest brewer recorded annual revenue of $59.38 billion, up […]
Wall Street takes bets on which major central bank will blink first
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. Brendan McDermid | Reuters The Bank of Japan and the […]
Geely-backed car tech company takes aim at Nvidia’s growing auto business
Chinese automaker Geely unveils first model of its new Lynk & Co brand in Berlin. Ullstein Bild Dtl. | Ullstein Bild | Getty Images BEIJING — Companies from Nvidia to Huawei are chasing the market for in-vehicle tech as the electric car industry booms, with Ecarx emerging as a new […]
Water scarcity threatens chipmakers like TSMC and could push prices higher, according to S&P
Close-up gloved hands holding detail microchip Wong Yu Liang | Moment | Getty Images Semiconductor firms such as Taiwan Semiconductor Manufacturing Company are at risk of water shortages as processing technology advances, S&P Global Ratings said in a report. Semiconductor chips are found in everyday consumer devices from smartphones to […]
Alibaba Cloud slashes prices by as much as 55% to fuel AI growth in China
Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images Alibaba‘s cloud business on Thursday said it is cutting prices on a wide range of core cloud products by as much as […]
Oprah Winfrey is leaving WeightWatchers board and giving away all her stock at critical weight loss moment
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023. Brendan Mcdermid | Reuters For all of the promise associated with new weight loss drugs such as Novo Nordisk‘s Wegovy and Eli Lilly‘s Zepbound in treating obesity, there’s a very […]
Elon Musk again promises next-generation Roadster, six years after first hyping it
Tesla Roadster Courtesy: Tesla Six years ago, Elon Musk hyped a next-generation Roadster, the name of Tesla’s debut car from 2008. A refreshed version was never produced, but Musk is once again promising a new Roadster is on the way. “Tonight, we radically increased the design goals for the new […]