Wall Street will try to maintain momentum next week after a strong start to November
November 4, 2023
Investors can take a breath next week after kicking off the month with strong gains, as Treasury yields tumbled from their highs.
International
Over 75% of U.S. workers say they could complete the same amount of work in 4 days rather than 5
November 4, 2023
A survey outlined changes and generational divides in workplace trends. "There is a gap between what employees are saying and what employers are doing."
Sam Bankman-Fried found guilty on all seven criminal fraud counts
November 4, 2023
A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him.
Tech Giants Spend Billions on AI Startups—and Get Just as Much Back
November 4, 2023
Microsoft, Amazon and Google benefit from OpenAI and Anthropic paying for the expensive cloud services needed to run their products.
Russia launches huge drone attack on Ukraine infrastructure; Moscow dismisses U.S. sanctions
November 4, 2023
Russian drone strikes hit civilian targets in and around Ukraine's second-largest city, Kharkiv, on Friday morning, according to Ukrainian officials.
U.S. payrolls increased by 150,000 in October, less than expected
November 4, 2023
Nonfarm payrolls were expected to grow by 170,000 in October, according to a Dow Jones consensus estimate.
Matthew Perry reportedly got $20 million a year in ‘Friends’ residuals. Here’s who may get them now
November 4, 2023
Matthew Perry was still bringing in as much as $20 million a year in syndication income from ‘Friends.’ Experts explain what could happen to that money now.
Bad news for the economy is good news for the stock market … as long as it doesn’t get too bad
November 4, 2023
Bad news is good news, as long as it isn't too bad.
Elon Musk says AI will eventually create a situation where ‘no job is needed’
November 3, 2023
The billionaire technology leader said late Thursday that AI will have the potential to become the "most disruptive force in history."
Shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts, says profit will be at lower-end of guidance
November 3, 2023
Maersk, a bellwether for global trade, said it was facing subdued demand and inflationary pressures.
The ‘biggest threat to global order since the 1930s’ is underway and every CEO is talking about it
November 3, 2023
It's not just JPMorgan's Jamie Dimon. Across corporate America, fears are rising this is the gravest threat to the global order since the run-up to WWII.
Block shares surge after earnings beat and increased full-year guidance
November 3, 2023
There was particularly strong growth in Block's payment platform, Cash App, and its point-of-sale suite, Square.
Goldman Sachs says the Israel-Hamas war could have major implications for Europe’s economy
November 3, 2023
The Israel-Hamas war could significantly impact economic growth and inflation in the euro zone unless energy prices remain contained, Goldman Sachs says.
Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts ‘intense competition’
November 3, 2023
China's Nio has been hit by weak consumer sentiment in the world's second-largest economy, stiff competition and a price war started by Elon Musk's Tesla.
Humanitarian ceasefires critical to meet immense needs in Gaza
November 3, 2023
Political negotiations to get aid into Gaza have yielded results but much more is needed, including humanitarian ceasefires to ensure safe delivery of food, fuel and other essentials, senior UN officials said on Friday in a briefing to Member States in...
Sudan: Women and girls abducted, held ‘in slave-like conditions’ in Darfur
November 3, 2023
The UN human rights office (OHCHR) expressed alarm on Friday over reports that in Sudan, women and girls are being abducted, chained and held in “inhuman, degrading slave-like conditions” in areas controlled by the Rapid Support Forces (RSF) in Darfur....
World’s diverse biospheres ‘making peace with the natural world’
November 3, 2023
Spanning from city to savannah, and from mountaintops to mangroves, the world’s 748 biosphere reserves are being celebrated this Friday for their diversity and contribution to a green global future.
Ukraine: UN condemns latest wave of Russian attacks
November 3, 2023
Russia has bombarded more than 100 Ukrainian towns across nearly half of its regions in the past two days according to the Ukrainian Government, many near the frontlines.
Sharp uptick in fighting in Myanmar, UN humanitarians report
November 3, 2023
Myanmar witnessed a sharp escalation in fighting between the military and opposition groups this week fuelling a surge in new displacements, the UN humanitarian wing has said.
Explainer: How AI helps combat climate change
November 3, 2023
Artificial intelligence (AI) is already making inroads worldwide in health, education and industry, but how can this cutting-edge technology help the world combat and mitigate the effects of climate change?
Israel-Palestine crisis: ‘It’s the innocent civilians who are losing’
November 3, 2023
More funding is urgently needed for lifesaving aid in Gaza while concern is deepening over high numbers of civilians killed since the beginning of the crisis and human rights violations against Palestinians in the occupied West Bank.
World News in Brief: Protection call for refugees in Pakistan, ‘One Health’ plan launched, radio waves saving lives
November 3, 2023
UN agencies on Friday called on Pakistan to continue protecting children and families seeking safety amidst rising concerns over the Government’s new ‘Illegal Foreigners Repatriation Plan’.
Don’t trust the stock market rally, strategist warns
November 3, 2023
There remains a significant chance that the Fed will be pushed into another rate hike, one strategist warns.
Hong Kong leads gains in Asia as key economic data comes out across the region
November 3, 2023
Services purchasing managers' index data from major economies including China, India and Hong Kong are set to be released throughout the day.
SocGen Q3 earnings beat estimates as investment bank offsets French slump
November 3, 2023
France's third-biggest listed bank posted better-than-expected quarterly earnings.
Russia fumes at the West’s charm offensive in its backyard, saying it’s ‘luring’ its friends away
November 3, 2023
Russia is likely to be watching closely as Western nations try to build alliances in what has traditionally been seen as its "backyard" and sphere of influence.
Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
November 3, 2023
Wefox, which sells insurance plans online, raised $55 million in debt financing from Deutsche Bank and Unicredit, sources familiar with the matter told CNBC.
Neopets is under new management and planning a comeback in a vastly different era of gaming
November 3, 2023
World of Neopia CEO Dominic Law is aiming to revive the 24-year-old web browser game that at one point boasted an active player count of 35 million players.
Air pollution in India’s New Delhi turns ‘severe,’ some schools shut
November 3, 2023
People in New Delhi woke up to a thick layer of toxic haze on Friday, and some schools were ordered to be shut for two days.
Weak yen forces Japan to shrink historic military spending plan
November 3, 2023
The yen has lost 10% of its value against the dollar, forcing Japan to reduce its defense procurement plan, which was then-calculated to cost $320 billion.
Coal free by 2070? India’s push toward renewables won’t stop coal reliance for the next two decades
November 3, 2023
India's reliance on coal will likely continue as the country struggles to find other ways to cool homes down and keep the lights on.
Apple lacks a clear path to growth this holiday season after four straight quarters of shrinkage
November 3, 2023
Apple indicated on Thursday that it doesn't expect revenue growth in the December quarter, which is the busiest time of the year
His Job Was to Make Instagram Safe for Teens. His 14-Year-Old Showed Him What the App Was Really Like.
November 3, 2023
When a Meta security expert told Mark Zuckerberg that Instagram’s approach to protecting teens wasn’t working, the CEO didn’t reply. Now the former insider is set to tell Congress about the predatory behavior.
Bill Gross sees lower interest rates offering a tailwind to regional bank stocks
November 3, 2023
Longtime investor Bill Gross said Thursday that regional banks are poised to bounce back with the tailwind of falling interest rates.
CNBC Daily Open: A perfect day for markets and a falling Apple
November 3, 2023
It was an astounding day for markets, with everything falling into place as perfectly as investors could have hoped for. Then the Apple fell from the tree.
Apple stock dips after weak outlook for December quarter revenue
November 3, 2023
Apple reported earnings after the bell. Here are the results.
Apple Sales Decline as China Market Weighs on Earnings Report
November 3, 2023
Sales fell for the fourth straight quarter, including a decline in China that came as the company faces a broad economic slowdown in the country and new competition from rival Huawei Technologies.
Wall Street titans help to fuel Ivy League donor revolt
November 3, 2023
Billionaire Marc Rowan is calling on wealthy donors to the University of Pennsylvania to pause their contributions since the start of the Israel-Hamas war.