Siemens Energy shares plunge more than 30% as wind turbine worries deepen
Siemens Energy scrapped its 2023 profit outlook after a review of its wind turbine unit…
Month: June 2023
European business activity slows in June as higher interest rates begin to bite
S&P Global’s Chris Williamson described the numbers as “worrying” as the euro zone’s flash composite…
Turkish lira sinks to fresh lows following the central bank’s interest rate hike
Newly appointed Governor Hafize Gaye Erkan hinted at more hikes until the inflation situation in…
Turkish lira sinks to fresh lows following the central bank’s interest rate hike
Newly appointed Governor Hafize Gaye Erkan hinted at more hikes until the inflation situation in…
A.I. has a discrimination problem. In banking, the consequences can be severe
When it comes to banking and financial services, the problem of artificial intelligence amplifying existing…
CNBC Daily Open: Rate hikes and red lights
Investors have been lulled by a sense of security. But they’re not rudely returned to…
Biden says his ‘dictator’ comment on Xi has no ‘real consequence’ on China ties
The U.S. president brushed off concerns his off-the-cuff comment about President Xi Jinping undermined diplomatic…
Biden says his ‘dictator’ comment on Xi has no ‘real consequence’ on China ties
The U.S. president brushed off concerns his off-the-cuff comment about President Xi Jinping undermined diplomatic…
Diamond prices have fallen 18% from their peak — and analysts say there’s still more room to plunge
Diamonds, alongside other jewelry, saw elevated prices during the Covid-19 pandemic which culminated in a…
CNBC Daily Open: Rate hikes and red lights
Investors have been lulled by a sense of security. But they’re not rudely returned to…
The China dilemma: Europe wants a new relationship with Beijing but is wary of retaliation
Europe’s charting a new way forward for its relations with China, but officials are wary…
Musk picks Vegas for Zuckerberg ‘cage match’ challenge
Twitter owner and Tesla CEO Elon Musk seemingly picked Vegas for the location of a…
Virgin Galactic raises $300 million, seeks another $400 million to expand spacecraft fleet
Virgin Galactic’s growth hinges on its ability to expand its fleet with Delta-class vehicles. The…
Virgin Galactic raises $300 million, seeks another $400 million to expand spacecraft fleet
Virgin Galactic’s growth hinges on its ability to expand its fleet with Delta-class vehicles. The…
Flavored e-cigarette sales are booming despite federal crackdown
Disposable e-cigarettes, which have circumvented FDA restrictions, now comprise more than half of the vaping…
Retailers Shein and Temu violate U.S. tariff law and evade human rights reviews on imports, House report says
The violations enable the companies to avoid tariffs and human rights reviews on some shipments,…
Warren Buffett’s charitable giving exceeds $50 billion, more than his entire net worth in 2006
Warren Buffett has boosted his total charitable giving to more than $50 billion — greater…
Boycotts rarely work — but anti-LGBTQ+ backlash is forcing companies into tough choices
The boycott of Bud Light is having a major effect on its sales, while the…
Musk picks Vegas for Zuckerberg ‘cage match’ challenge
Twitter owner and Tesla CEO Elon Musk seemingly picked Vegas for the location of a…
Watch Fed Chair Jerome Powell speak live to Senate banking panel
Powell appears Thursday on Capitol Hill for the second day of his testimony on monetary…
