The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices are set to jump Monday, while longer transit times around Africa are disrupting and delaying deliveries of products. Vessels aren’t able to come back to Asia in time, and ocean […]
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Trump refuses conditions for fraud trial closing argument, won’t be allowed to speak
Former US President and Republican presidential hopeful Donald Trump departs after speaking during a “Commit to Caucus” rally at the North Iowa Events Center in Mason City, Iowa, on January 5, 2024. Christian Monterrosa | AFP | Getty Images Donald Trump has been barred from personally making a closing argument […]
RFK Jr.’s presidential campaign questioned by FEC over payments to daughter in-law
Robert F. Kennedy Jr. speaks to supporters at the Adrienne Arsht Center for the Performing Arts in Miami on Oct. 12, 2023. Al Diaz | Miami Herald | Getty Images Robert F. Kennedy Jr., an independent candidate for president, is being questioned by the Federal Election Commission for payments his […]
Why the U.S. may extend its run as the world’s leading economy
The U.S., China and India may take turns leading the global economy this century, according to an analysis from the Centre for Economics and Business Research. The CEBR forecast suggests China could potentially take the top spot as the world’s largest economy by gross domestic product as early as 2037. The […]
OpenAI debuts GPT Store, new business tier after leadership fracas
OpenAI is back in action after its leadership tumult, debuting two product and service launches on Wednesday: the GPT Store — OpenAI’s answer to the App Store, which allows users to list personalized chatbots, or GPTs, they’ve built for others to download — and ChatGPT Team, a new option for […]
Hunter Biden crashes House hearing on resolution to hold him in contempt
Hunter Biden, son of U.S. President Joe Biden, sits with his attorney Abbe Lowell as he makes a surprise appearance at a House Oversight Committee markup and meeting to vote on whether to hold Biden in contempt of Congress for failing to respond to a request to testify to the […]
Neiman Marcus CEO says there’s ‘no need’ to sell the business as Saks takeover rumors swirl
Shoppers enter and exit the Neiman Marcus at the King of Prussia Mall in King of Prussia, Pennsylvania, on Dec. 8, 2018. Mark Makela | Reuters ORLANDO, Fla. — As rumors swirl over whether Saks Fifth Avenue will acquire Neiman Marcus, Neiman’s CEO told CNBC there’s “no need” to sell […]
Amazon lays off more than 500 employees in its Twitch unit
Amazon is laying off about 500 employees in its Twitch livestreaming unit, an executive overseeing the business wrote in a memo to staffers Wednesday. Twitch CEO Dan Clancy said the cuts were being made in an effort to “rightsize our company” and align its headcount with the current size of […]
How the FBI, NSA are preparing for deepfakes and misinformation issue ahead of 2024 elections
More than half of the world’s population will cast votes this year, making election security a global risk to democracy that extends far beyond the U.S. A rising risk component in democratic elections is the role of artificial intelligence in spreading misinformation that influences voters, including the use of deepfakes. […]
Amazon cuts hundreds of jobs in Prime Video and MGM Studios: Read the memo to employees
Amazon is laying off hundreds of employees across its Prime Video and MGM Studios divisions. Mike Hopkins, who oversees those units, sent a note to staffers on Wednesday informing them of the job cuts, according to a copy of the memo viewed by CNBC. An Amazon spokesperson confirmed the layoffs. […]