Profile picture of CNBC
Email isn't just annoying to Gen Z workers—it's stressing them out: Emails are stressing out workers, and the youngest people in the office are feeling the most ...
cnbc.com/2024/04/23/gen-zers-have-1000-unread-emails-at-work-heres-why.html
Email isn't just annoying to Gen Z workers—it's stressing them out
Profile picture of CNBC
'Your personality will get you 10 times richer than your intelligence,' says self-made millionaire who retired at 35
cnbc.com/2024/04/23/self-made-millionaire-who-retired-at-35-how-to-get-promoted-at-work.html
'Your personality will get you 10 times richer than your intelligence ...
Profile picture of CNBC
Tesla CEO Elon Musk told investors that production of new affordable EV models could begin sooner than expected.
Profile picture of CNBC
Meta CEO Mark Zuckerberg says investments in artificial intelligence are increasing, but he warned investors it may take time for Meta to profit from AI.
Profile picture of CNBC
Senate advances long-awaited aid for Israel, Ukraine, Taiwan, and TikTok bill: President Biden initially proposed aid for Israel, Ukraine and Taiwan in October.
cnbc.com/2024/04/23/senate-advances-aid-for-israel-ukraine-taiwan-tiktok-bill.html
Senate advances long-awaited aid for Israel, Ukraine, Taiwan ...
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
  • President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.

  • Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.

  • The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.

  • Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
Profile picture of CNBC
Anglo American shares pop 12% after BHP Group makes $39 billion takeover bid: Mining giant BHP Group on Thursday said it had made an all-share takeover offer for ...
cnbc.com/2024/04/25/bhp-group-makes-39-billion-bid-for-anglo-american-in-mining-mega-play.html
Anglo American shares pop 12% after BHP Group makes $39 billion takeover ...
Quick Glance: BHP Proposes Acquisition to Anglo American
  • Anglo American receives BHP buyout proposal, reshaping the copper market.

  • The proposal involves BHP acquiring Anglo shares, sparking industry transactions.

  • Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.

  • The potential deal could make BHP the world's largest copper producer with market impacts.
Profile picture of CNBC
Deutsche Bank posts better-than-expected profit in first quarter amid investment banking recovery
cnbc.com/2024/04/25/deutsche-bank-first-quarter-2024-earnings.html
Deutsche Bank posts better-than-expected profit in first quarter amid ...
Quick Glance: Deutsche Bank Increases Quarterly Profit by 10 Percent
  • Deutsche Bank surpasses expectations in the first quarter of 2024 with a profit of 2 billion euros before taxes and 1.5 billion euros after taxes.

  • CEO Christian Sewing expresses satisfaction, citing the best results since 2013, emphasizing discipline in meeting cost targets, and the strong capital base.

  • Revenue in investment banking increases significantly, particularly through trading in bonds, currencies, and large loans.

  • Deutsche Bank invests in buying back its own shares, raises dividends, and plans job cuts to keep costs below 20 billion euros.
Profile picture of CNBC
Japanese yen hits fresh 34-year low despite verbal intervention from authorities
cnbc.com/2024/04/25/japanese-yen-hits-fresh-34-year-low-despite-verbal-intervention-from-authorities-.html
Japanese yen hits fresh 34-year low despite verbal intervention from ...
Quick Glance: Market Volatility in Asia: Impact of Meta's Losses
  • The depreciation of Asian currencies against the U.S. dollar and potential actions by monetary authorities are at the forefront of Asian markets.

  • Post-market gains from U.S. tech giant Meta could impact Asian markets as shares dropped by 10% after trading hours.

  • Concerns surrounding currencies are escalating as the dollar breached 155.00 yen on Wednesday without any indication of intervention from Japanese authorities. Will Tokyo take action?

  • Given the current environment that led to a rare joint statement on exchange rates from the United States, Japan, and South Korea this month, no possibilities can be ruled out.
Profile picture of CNBC
Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
cnbc.com/2024/04/24/meta-loses-200-billion-in-value-zuckerberg-focuses-on-ai-metaverse.html
Meta loses $200 billion in value as Zuckerberg focuses earnings call on ...
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
  • Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.

  • Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.

  • Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.

  • Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Profile picture of CNBC
Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand: This comes after SK Hynix posted net losses for five consecutive quarters from ...
cnbc.com/2024/04/25/nvidia-supplier-sk-hynix-reverses-losses-in-first-quarter-on-ai-demand.html
Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI ...
Quick Glance: SK Hynix Anticipates Full Chip Recovery Post Q1 Profit Surprising AI Boom
  • SK Hynix anticipates a complete recovery in memory chips due to AI demand, achieving its highest profit in nearly two years by selling advanced DRAM chips with High Bandwidth Memory (HBM) for generative AI chipsets.

  • The company surpassed expectations for an operating profit of 1.88 trillion won by LSEG SmartEstimate, stating that the memory market is entering a full recovery cycle.

  • SK Hynix is the biggest beneficiary of the explosive increase in AI adoption, serving as the main supplier of HBM chips for Nvidia's graphic processing units training AI systems.

  • To outpace competition, SK Hynix announced a $3.87 billion investment to construct an advanced chip packaging plant in Indiana with an HBM chip line and research and development for AI products.
Profile picture of CNBC
CNBC Make It : President Joe Biden signed a bill into law on Wednesday that would ban TikTok, which is owned by Chinese company ByteDance ... Show more
Quick Glance: Implications of a TikTok Ban on China's Technology Plans and Global Digital Divide
  • TikTok is at a critical juncture in America as its Chinese owner must complete the sale of the app within a year to avoid a ban in its largest market.

  • The potential TikTok ban would not only greatly weaken China's technology ambitions but also deepen the divide between the digital worlds of rival economic superpowers.

  • The potential enforcement of a TikTok ban could expedite a transformation that divides the world's technological landscape into two factions, one around the US and the other around technologies from China.

  • Chinese companies and apps operating in the US are encountering increasing challenges as the US government implements measures to restrict the access of Chinese companies to the market.
Profile picture of CNBC
Biden just signed a bill that could ban TikTok: Here's what that means for you: President Joe Biden signed a bill into law on Wednesday that will effectively ban ...
cnbc.com/2024/04/24/biden-signed-a-bill-that-could-ban-tiktok-what-that-mean-for-you.html
Biden just signed a bill that could ban TikTok: Here's what that means for ...
Profile picture of CNBC
IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss: IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster ...
cnbc.com/2024/04/24/ibm-q1-earnings-report-2024-ibm-to-acquire-hashicorp.html
IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue ...
Profile picture of CNBC
Workers earning up to $58K a year could soon become eligible for overtime pay : Millions more Americans could become eligible for overtime pay.
cnbc.com/2024/04/24/workers-earning-under-58k-a-year-could-soon-become-eligible-for-overtime-pay.html
Workers earning up to $58K a year could soon become eligible for overtime ...
Quick Glance: Biden Grants Overtime Pay to 4 Million US Workers
  • The Biden administration unveiled a rule requiring employers to pay overtime premiums to an estimated 4 million salaried workers earning less than $1,128 per week.

  • The salary threshold will be automatically adjusted every three years to reflect changes in average earnings.

  • The rule does not affect overtime requirements for hourly workers.

  • The new rule is expected to face legal challenges, with many businesses expressing concerns about economic uncertainty and labor shortages.
Profile picture of CNBC
Senate launches investigation into high prices of Ozempic and Wegovy in the U.S.: Before insurance, Novo Nordisk charges about $1,000 per month for Ozempic in ...
cnbc.com/2024/04/24/senate-launches-investigation-into-high-prices-of-ozempic-and-wegovy-in-the-us.html
Senate launches investigation into high prices of Ozempic and Wegovy in ...
Profile picture of CNBC
Chipotle reports big earnings beat, and its shares are jumping: The burrito chain said traffic increased 5.4% in its first quarter.
cnbc.com/2024/04/24/chipotle-mexican-grill-cmg-q1-2024-earnings.html
Chipotle reports big earnings beat, and its shares are jumping
Quick Glance: Chipotle lifts annual sales forecast despite uncertainties
  • Chipotle raised its full-year sales forecast due to resilient demand for burritos and rice bowls despite higher menu prices.

  • The company anticipates mid-to-high-single digit percentage growth in comparable restaurant sales for 2024.

  • Chipotle implemented price hikes to protect its profit margin from increased ingredient costs like beef and avocados.

  • Chipotle's adjusted profit in the first quarter came in at $13.37 per share, surpassing estimates of $11.68.
Profile picture of CNBC
Xpeng's Gu says robotaxis won’t be a real business for at least five years: Xpeng, a China-based electric car startup that is also selling in Europe ...
cnbc.com/2024/04/25/xpengs-gu-says-robotaxis-wont-be-a-real-business-for-at-least-five-years.html
Xpeng's Gu says robotaxis won’t be a real business for at least five years
Profile picture of CNBC
Ford tops first-quarter earnings estimates as commercial unit offsets EV losses: Ford reported earnings after the bell. Here are the results.
cnbc.com/2024/04/24/ford-f-earnings-q1-2024.html
Ford tops first-quarter earnings estimates as commercial unit offsets EV ...
Profile picture of CNBC
Barclays swings back to profit in first quarter amid strategic overhaul: Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion) ...
cnbc.com/2024/04/25/barclays-swings-back-to-profit-in-first-quarter-amid-strategic-overhaul.html
Barclays swings back to profit in first quarter amid strategic overhaul
Profile picture of CNBC
NASA released photos of parts of Dubai and Abu Dhabi before and after the United Arab Emirates was hit by record rainfall last week that caused dangerous ... Show more   www.cnbc.com/2024/04/24/dubai-flood-nasa-releases-satellite-photos-of-record-uae-flooding.html
Profile picture of CNBC
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
cnbc.com/2024/04/24/jpmorgan-chase-is-caught-in-us-russia-sanctions-war-after-overseas-court-orders-440-million-seized-from-bank.html
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court ...
Profile picture of CNBC
South Korea's largest K-pop agency Hybe accuses sublabel executives of breach of trust
cnbc.com/2024/04/25/hybe-files-complaint-against-ador-executives-for-breach-of-trust-.html
South Korea's largest K-pop agency Hybe accuses sublabel executives of ...
Profile picture of CNBC
Riderless horses recovered after running loose through London; ‘a number’ of people injured
cnbc.com/2024/04/24/two-runaway-horses-contained-by-police-as-a-number-run-through-london.html
Riderless horses recovered after running loose through London; ‘a number’ ...
Quick Glance: Uncontrolled Horses Cause Chaos in London
  • Five military horses, including one covered in blood, escaped in London, injuring several people before being recaptured.

  • During an exercise in central London, the horses spooked, causing injuries to soldiers and civilians.

  • The horses weaved a destructive path through the city, colliding with vehicles and causing panic among bystanders.

  • Multiple individuals were injured and taken to the hospital as police and fire crews worked to contain the situation.
Profile picture of CNBC
India markets face an 'inevitable' correction if Modi's election win disappoints, Bernstein says
cnbc.com/2024/04/25/india-election-markets-face-correction-if-modis-win-disappoints-bernstein.html
India markets face an 'inevitable' correction if Modi's election win ...
Profile picture of CNBC
The international reputation of the United States has been ‘dented’ due to its response towards the Israel-Hamas War, said former Singapore diplomat Kishore ... Show more
Profile picture of CNBC
Klarna and Uber are partnering on a global deal in which the Swedish fintech firm will be added as a payment option on the Uber and Uber Eats apps in the U.S. ... Show more   www.cnbc.com/2024/04/24/klarna-scores-payment-deal-with-uber-ahead-of-anticipated-ipo-.html
Profile picture of CNBC
This 35-year-old had 5 failed businesses before starting her grocery store chain – now it brings in over $8 million a year
cnbc.com/2024/04/25/surrey-hills-grocer-how-i-started-an-8-million/year-grocery-chain.html
This 35-year-old had 5 failed businesses before starting her grocery store ...
Profile picture of CNBC
Jim Cramer says he wishes he could be more positive about the stock market. During the CNBC Investing Club's April monthly meeting ... Show more
Profile picture of CNBC
Ivy League stress expert: This 'underrated' skill can help you beat burnout and be happier at work–here's how
cnbc.com/2024/04/24/ivy-league-stress-expert-this-skill-can-help-you-beat-burnout-be-happier-at-work.html
Ivy League stress expert: This 'underrated' skill can help you beat ...
Profile picture of CNBC
Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China
cnbc.com/2024/04/25/geely-backed-luxury-ev-brand-zeekr-says-its-beating-tesla-in-parts-of-china.html
Geely-backed luxury EV brand Zeekr says it's already beating Tesla in ...
Profile picture of CNBC
I study wellbeing in Denmark, one of the world's happiest countries: Here are 3 phrases we say every day
cnbc.com/2024/04/24/denmark-happiness-expert-3-phrases-we-use-every-day.html
I study wellbeing in Denmark, one of the world's happiest countries: Here ...
Profile picture of CNBC
'Invest in these women': WNBA champion A'ja Wilson hopes Caitlin Clark's popularity helps the league grow
cnbc.com/2024/04/24/wnba-champion-aja-wilsons-hopes-for-caitlin-clark-the-league.html
'Invest in these women': WNBA champion A'ja Wilson hopes Caitlin Clark's ...
Profile picture of CNBC
Microsoft, Amazon AI partnerships face scrutiny from British regulators: British antitrust regulators are seeking views on partnerships between Microsoft and ...
cnbc.com/2024/04/24/microsoft-amazon-ai-partnerships-face-scrutiny-from-british-regulators.html
Microsoft, Amazon AI partnerships face scrutiny from British regulators
Quick Glance: UK Watchdog Scrutinizes AI Partnerships Involving Tech Giants
  • Britain's competition watchdog is reviewing AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.

  • Third-party opinions are being sought on Microsoft's hiring of former Inflection AI employees and related arrangements.

  • The CMA is already investigating Microsoft's partnership with Open AI and is awaiting requested information from the companies.

  • Views are invited until May 9 before formal investigations begin on the partnerships.
Profile picture of CNBC
Bird flu fears are driving up egg prices again. After having subsided for most of 2023, a recent resurgence of avian influenza in poultry facilities across ... Show more   www.cnbc.com/2024/04/24/bird-flu-resurgence-drives-up-egg-prices-spurring-some-to-stock-up.html
Profile picture of CNBC
Photos show Sahara dust turn Athens orange: Athens and the south of Greece appeared to be coloured in orange and red after dust from the Sahara engulfed the city ...
cnbc.com/2024/04/24/photos-show-sahara-dust-turn-athens-orange.html
Photos show Sahara dust turn Athens orange
Profile picture of CNBC
34-year-old making $49,000 a month in passive income: My favorite $0 side hustles you can start in 2024
cnbc.com/2024/04/24/ryan-hogue-on-his-favorite-zero-dollar-side-hustles.html
34-year-old making $49,000 a month in passive income: My favorite $0 side ...
Profile picture of CNBC
U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao: U.S. prosecutors on Tuesday recommended an above-guidance, 36-month sentence for ...
cnbc.com/2024/04/24/us-seeks-36-month-sentence-for-ex-binance-ceo-changpeng-zhao.html
U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao
Quick Glance: DOJ Calls for Binance Founder to Spend Three Years in Prison
  • The U.S. Department of Justice stated that Binance's founder, Changpeng "CZ" Zhao, should spend three years in prison for enabling the crypto exchange to violate federal laws on money laundering and sanctions.

  • Zhao pleaded guilty to violating the Bank Secrecy Act, with the DOJ recommending a 36-month prison sentence and a $50 million fine.

  • Emphasizing the need for a significant punishment, the DOJ highlighted Zhao's financial gains from illegal activities and the importance of deterring others from similar actions.

  • The court will decide between incarceration and probation for Zhao, with his defense arguing against his knowledge of specific transactions and advocating for probation due to a lack of risk of repeat offenses.
Profile picture of CNBC
I ditched my smartphone for a year and a half: 'I felt much more in the flow and had more mental energy'
cnbc.com/2024/04/24/what-it-was-like-to-ditch-my-smartphone-for-a-year-and-a-half.html
I ditched my smartphone for a year and a half: 'I felt much more in the ...
Profile picture of CNBC
Kering shares sink 9% after profit warning on declining Gucci sales: Shares of French luxury group Kering sunk more than 9% Wednesday after the company warned ...
cnbc.com/2024/04/24/kering-shares-sink-9percent-after-profit-warning-on-declining-gucci-sales.html
Kering shares sink 9% after profit warning on declining Gucci sales
Profile picture of CNBC
4 ways to raise mentally strong children, according to psychologists and parenting experts
cnbc.com/2024/04/23/how-successful-parents-raise-mentally-strong-kids-parenting-experts.html
4 ways to raise mentally strong children, according to psychologists and ...
Profile picture of CNBC
How much money Americans in their 40s saved in 2023—and 3 strategies to save more
cnbc.com/2024/04/24/how-much-money-americans-in-their-40s-saved-in-2023.html
How much money Americans in their 40s saved in 2023—and 3 strategies to ...
Profile picture of CNBC
Boeing reports quarterly results before the bell. Here's what Wall Street expects
cnbc.com/2024/04/24/boeing-ba-earnings-q1-2024.html
Boeing reports quarterly results before the bell. Here's what Wall Street ...
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
  • Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.

  • The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.

  • Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.

  • Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Profile picture of CNBC
Jeff Bezos isn't a fan of 'time blocking'—here's what he does instead to boost his productivity
cnbc.com/2024/04/24/jeff-bezos-i-believe-in-wandering-to-boost-productivity.html
Jeff Bezos isn't a fan of 'time blocking'—here's what he does instead to ...
Profile picture of CNBC
UBS chair says Swiss banking giant is not 'too big to fail': Colm Kelleher also said UBS was one of the best-capitalized banks in Europe at the UBS Annual ...
cnbc.com/2024/04/24/ubs-chair-says-swiss-bank-is-not-too-big-to-fail.html
UBS chair says Swiss banking giant is not 'too big to fail'
Profile picture of CNBC
The rise of the 'tradwife' — why some women say they are opting out of work: TikTok’s "tradwife" and "stay-at-home girlfriend" trends show an idealized view of ...
cnbc.com/2024/04/24/the-rise-of-the-tradwife-and-sahg-why-some-women-opt-out-of-work.html
The rise of the 'tradwife' — why some women say they are opting out of ...
Profile picture of CNBC
REAL ID requirements are coming next year—here's what U.S. fliers need to know: Beginning May 7, 2025, you won't be able to board a domestic flight with your ...
cnbc.com/2024/04/23/real-id-requirements-are-coming-heres-what-us-fliers-need-to-know.html
REAL ID requirements are coming next year—here's what U.S ...
Profile picture of CNBC
Why the Fed keeping rates higher for longer may not be such a bad thing: It's a tough case to sell that higher interest rates today are having a substantially ...
cnbc.com/2024/04/24/why-the-fed-keeping-rates-higher-for-longer-may-not-be-such-a-bad-thing.html
Why the Fed keeping rates higher for longer may not be such a bad thing
Profile picture of CNBC
CNBC’s Deirdre Bosa reports on the battle over TikTok’s algorithm after Congress passed a potential ban.
Profile picture of CNBC
The Federal Reserve will not bring interest rates back down to their post-financial crisis lows, according to veteran investor Howard Marks — and he believes ... Show more   www.cnbc.com/2024/04/23/market-veteran-howard-marks-says-fed-is-not-going-back-to-ultra-low-rates.html
Profile picture of CNBC
Gambling in the United Arab Emirates could land you with fines over $10,000 or sentenced to two years in prison. The strict rules are rooted in Islamic law ... Show more
Profile picture of CNBC
CEOs share the 3 kinds of toxic employees you never want to be: 'Have some honesty about it'
cnbc.com/2024/04/23/ceos-share-kinds-of-toxic-employees-you-never-want-to-be.html
CEOs share the 3 kinds of toxic employees you never want to be: 'Have some ...
Profile picture of CNBC
The least affordable metro areas for America's middle class—5 of them are in California
cnbc.com/2024/04/24/least-affordable-metro-areas-for-americas-middle-class.html
The least affordable metro areas for America's middle class—5 of them are ...
Profile picture of CNBC
SenseTime shares soar more than 30% after announcing its latest generative AI model
cnbc.com/2024/04/24/sensetime-shares-soar-after-announcing-sensenova-5point0-generative-ai-model.html
SenseTime shares soar more than 30% after announcing its latest generative ...
Quick Glance: SenseTime Stock Surges 36% Post Latest AI Model Launch
  • SenseTime's stock surged 36% after unveiling the latest SenseNova generative AI model.

  • The company introduced SenseNova 5.0 at a Tech Day event in Shanghai, showcasing significant enhancements in linguistic and creative capabilities.

  • SenseTime is part of the Chinese companies developing alternative AI platforms to compete with US counterparts.

  • The launch of SenseNova 5.0 and SenseTime's efforts to boost growth amid intense competition and geopolitical tensions were emphasized.
Profile picture of CNBC
Elon Musk is keeping investors' dreams of a Tesla robotaxi alive: Tesla CEO Elon Musk continues to promise investors that autonomy is in the company's future ...
cnbc.com/2024/04/24/elon-musk-is-keeping-investors-dreams-of-a-tesla-robotaxi-alive.html
Elon Musk is keeping investors' dreams of a Tesla robotaxi alive
Profile picture of CNBC
President Joe Biden signed into law measures to provide aid to Israel, Ukraine and Taiwan, as well as force the divestiture of social media platform TikTok ... Show more
Profile picture of CNBC
Boeing CEO Dave Calhoun says both the company and the FAA want "a factory under control."
Profile picture of CNBC
Swiss pharma giant Roche's first-quarter sales edge higher as its emerges from post-Covid-19 slump
cnbc.com/2024/04/24/swiss-pharma-giant-roches-first-quarter-sales-edge-higher-as-its-emerges-from-post-covid-19-slump.html
Swiss pharma giant Roche's first-quarter sales edge higher as its emerges ...
Profile picture of CNBC
FTC votes to ban noncompete clauses that bar employees from working for competitors
cnbc.com/2024/04/23/ftc-votes-to-ban-noncompete-clauses-that-bar-employees-from-working-for-competitors-.html
FTC votes to ban noncompete clauses that bar employees from working for ...
Quick Glance: US implements ban on worker 'competition agreements' with business groups filing lawsuits
  • The U.S. Federal Trade Commission has approved a framework to eliminate agreements often signed by employees to refrain from joining their employers' competitors or establishing rival businesses.

  • The ban on noncompete agreements is projected to boost worker earnings by up to $488 billion over the next decade and facilitate the establishment of over 8,500 new businesses annually.

  • Prominent business associations have criticized the framework and declared legal actions, contending that noncompete agreements assist companies in safeguarding trade secrets and advancing competitiveness.

  • Unions have endorsed the FTC's vote in favor of the ban, hailing it as a significant triumph for workers that will enhance the national economy by fostering entrepreneurship.
Profile picture of CNBC
Volvo Cars core operating profits rise in first quarter on higher retail sales: Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter ...
cnbc.com/2024/04/24/volvo-cars-core-operating-profits-rise-in-first-quarter-on-higher-retail-sales.html
Volvo Cars core operating profits rise in first quarter on higher retail ...
Profile picture of CNBC
While speaking at the Economic Club of New York, JPMorgan CEO Jamie Dimon had some advice for whoever wins the next presidential election.
Quick Glance: JPMorgan CEO Dimon Praises US Economy
  • Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.

  • Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.

  • However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.

  • Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
Profile picture of CNBC
Apple will launch new products on May 7 in a online event, according to invites sent to the media on Tuesday. The event, with the tag line “Let loose ... Show more   www.cnbc.com/2024/04/23/apple-sends-invites-to-may-7-launch-event-new-ipads-expected.html
Quick Glance: Apple announces event on May 7
  • Apple will host an event on May 7, where the long-awaited revamped versions of the iPad Pro and iPad Air are expected to be revealed.

  • These new models would signify Apple's first major overhaul of this product line since 2018, as iPad sales have decreased, prompting the company to introduce new products to stimulate demand.

  • In the first quarter, iPad sales dropped by 25% to $7.02 billion, alongside a slowdown in iPhone sales.

  • The event is scheduled to commence at 7 a.m. PT, corresponding to 2 p.m. GMT, and Apple is also preparing for its Worldwide Developers Conference from June 10 to June 14.
Profile picture of CNBC
Pro-Palestinian encampments have popped up across U.S. college campuses. Student activists are protesting what they call university “complicity” in the ... Show more
Profile picture of CNBC
Athens and the south of Greece appeared to be coloured in orange and red after dust from the Sahara engulfed the area on Tuesday evening ... Show more
Profile picture of CNBC
DJT stock plunges 9% with Trump set to qualify for 36 million bonus shares: Trump will receive an additional 36 million shares, worth about $1.15 billion ...
cnbc.com/2024/04/23/trump-media-shares-plunge-before-former-presidents-stock-bonus.html
DJT stock plunges 9% with Trump set to qualify for 36 million bonus shares
Quick Glance: Trump Media Seeks Congressional Probe on 'Troubling' Market Manipulation Claims
  • Trump Media & Technology Group is asking Congress to investigate suspicions of illegal activity affecting its stock price.

  • In a disclosed letter, Devin Nunes, the CEO of Truth Social owner Trump Media, urged GOP Chairmen of relevant House Committees to examine the 'urgent matter' of 'potential manipulation' of the company's stock price.

  • Trump Media recently reported a $58 million loss in 2023 with minimal revenue. The company's price-to-sales ratio, a common stock valuation method, is notably high compared to competitors in the social media sector.

  • In the communication to Congress, Trump Media highlighted that data suggests 'just four market participants' accounted for over 60% of the exceptional trading volume in the company's stock: Citadel Securities, Virtu Americas, G1 Execution Services, and Jane Street Capital.
Profile picture of CNBC
Tesla’s entry into India’s EV market will be 'good news’ for the country, says MG Motor India
cnbc.com/2024/04/24/elon-musk-teslas-entry-into-india-ev-market-is-good-news-mg-motor-india-.html
Tesla’s entry into India’s EV market will be 'good news’ for the country ...
Quick Glance: Tesla's Impact on India's EV Market
  • MG Motor India's CEO Emeritus Rajeev Chaba stated that Tesla's entry into India's EV market will level the playing field for all E-automakers.

  • According to Bain & Company, EVs constitute around 5% of India's automobile sector.

  • India's government aims to achieve 30% EV sales by 2030, a goal viewed as ambitious.
Profile picture of CNBC
China may have to brace for a new wave of bond defaults, S&P says: China might see a new wave of bond defaults as soon as next year — the third round in about a ...
cnbc.com/2024/04/24/china-may-have-to-brace-for-a-new-wave-of-bond-defaults-sp-says.html
China may have to brace for a new wave of bond defaults, S&P says
Profile picture of CNBC
Amazon is opening cloud regions in Southeast Asia to meet customer demand, CTO says
cnbc.com/2024/04/24/amazon-cto-on-opening-southeast-asia-cloud-regions.html
Amazon is opening cloud regions in Southeast Asia to meet customer demand ...
Profile picture of CNBC
‘A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets
cnbc.com/2024/04/24/ceo-of-norways-wealth-fund-issues-warning-over-hot-commodity-markets.html
‘A real wildcard’: World’s largest wealth fund issues inflation warning on ...
Profile picture of CNBC
Jack Dorsey’s payments company, Block, is building its own bitcoin mining system: The company, formerly known as Square, now building a full bitcoin mining ...
cnbc.com/2024/04/23/block-formerly-square-building-its-own-bitcoin-mining-system.html
Jack Dorsey’s payments company, Block, is building its own bitcoin mining ...
Profile picture of CNBC
China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
cnbc.com/2024/04/24/chinas-xiaomi-is-selling-so-many-electric-cars-its-closer-to-breaking-even.html
China's Xiaomi is selling more EVs than expected, raising hopes it can ...
Profile picture of CNBC
'Chaotic era' for Asian currencies: Bank of America is not bullish on any of them
cnbc.com/2024/04/24/bank-of-america-not-bullish-on-asian-currencies-cites-chaotic-era.html
'Chaotic era' for Asian currencies: Bank of America is not bullish on any ...
Profile picture of CNBC
Oracle is moving its world headquarters to Nashville to be closer to health-care industry
cnbc.com/2024/04/23/oracle-is-moving-its-world-hq-to-nashville.html
Oracle is moving its world headquarters to Nashville to be closer to ...
Profile picture of CNBC
Tesla reported a 9% drop in revenue in the first quarter, the steepest year-over-year decline since 2012.
Profile picture of CNBC
Tesla reports biggest revenue slide since 2012, announces renewed push for affordable model
cnbc.com/2024/04/23/tesla-tsla-earnings-q1-2024-.html
Tesla reports biggest revenue slide since 2012, announces renewed push for ...
Profile picture of CNBC
The chief executive of Norway’s gigantic sovereign wealth fund on Tuesday said there is “clearly a lot of froth” in the tech sector ... Show more   www.cnbc.com/2024/04/23/tech-ceo-of-worlds-largest-wealth-fund-says-theres-a-lot-of-froth.html
Profile picture of CNBC
Germany arrests EU Parliament staff member on China espionage charges: A German man was arrested for allegedly sharing information from the European Parliament ...
cnbc.com/2024/04/23/german-arrested-for-allegedly-spying-on-european-parliament-for-china-.html
Germany arrests EU Parliament staff member on China espionage charges
Quick Glance: German Far-Right MEP's Aide Arrested for Alleged Chinese Espionage
  • The individual named Jian G. stands accused of sharing information about negotiations at the European Parliament with a Chinese intelligence service and spying on Chinese opposition figures in Germany, according to federal prosecutors.

  • Jian Guo is listed as an accredited assistant to MEP Maximilian Krah, the far-right AfD party's lead candidate for the upcoming EU-wide elections on the European Parliament's website.

  • The suspect was apprehended in Dresden on Monday and authorities conducted searches at his residences.

  • Expressing concern, the AfD addressed the allegations.