Shipping industry could lose $10 billion a year battling climate change by 2050
October 31, 2023
Shipping is at increasing risk from tropical storms, inland flooding, sea level rise, drought and extreme heat.
International
Israeli economists urge Netanyahu to re-open the nation’s budget to account for the war
October 31, 2023
Hundreds of influential Israeli economists are warning the government that it must make big economic changes quickly as the war with Hamas drags on.
Google CEO Defends Apple Search Partnership in Historic Antitrust Trial
October 31, 2023
Chief Executive Sundar Pichai took the stand as the trial entered its eighth week, a pivotal moment in a case that could result in major changes to the company’s search engine.
Facebook and Instagram get ad-free subscription service in Europe
October 31, 2023
Meta said the subscription offers were to comply with the "evolving" European regulations after it was slapped with a fine this year over data law breaches.
These stocks have earnings momentum heading into their reports this week
October 31, 2023
CNBC Pro screened for the S&P 500 companies reporting this week that analysts are most excited about, leading them to lift their earnings estimates.
Here are 2 stocks Jim Cramer is ‘most concerned about’ and 1 name that he likes
October 31, 2023
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
European markets close higher despite geopolitical tensions; German economy contracts
October 31, 2023
European markets closed higher on Monday, with investors keeping a close eye on the latest inflation data out of Spain and Germany.
‘Five Nights at Freddy’s’ rides PG-13 rating, video game fame to Halloween box office crown
October 31, 2023
"Five Nights at Freddy's" scored a 26% "rotten" rating on Rotten Tomatoes but that didn't matter. Younger audiences turned out in droves.
Tech Titans Rebound From Tough Times as AI Fuels Optimism
October 30, 2023
Microsoft, Alphabet, Amazon and Meta are seeing some initial payoff from big investments in AI, while trying to assure Wall Street that more wins are ahead.
UK confirms plans to regulate crypto industry with formal legislation
October 30, 2023
The U.K. government published its response to a consultation paper issued earlier this year, which recommended how the crypto industry should be regulated.
Meta Pauses Ads for Users Under 18 in Europe as It Rolls Out Subscriptions
October 30, 2023
The decision is part of a plan to launch subscription-based versions of Facebook and Instagram to comply with the continent’s regulations.
The escalating Israel-Hamas conflict raises risks of global market contagion, economist says
October 30, 2023
As the Israel-Hamas conflict further intensifies, the risks to the global economy are growing, economist Mohamed el-Erian said Monday.
Western Digital Separating Hard-Drive Business From Flash-Memory Unit
October 30, 2023
Western Digital plans to break itself up, separating its business making traditional hard drives for computers from its flash-memory business.
Upcoming COP28 summit must ‘respond decisively’ to gaps in global climate action
October 30, 2023
Next month’s UN climate summit in the United Arab Emirates (UAE) must respond decisively to the gaps in the intranational community’s response climate crisis, Deputy-Secretary-General Amina Mohamed said on Monday.
Gaza hospitals hanging on by a thread: UN humanitarians
October 30, 2023
UPDATED: With the Israel-Palestine crisis in its fourth week, UN aid teams on Monday highlighted the mounting pressure on north Gaza hospitals where patients and health workers remain, amid reports of expanded Israeli ground operations.
Tackling climate mis/disinformation: ‘An urgent frontier for action’
October 30, 2023
Climate impacts are accelerating with every fraction of a degree of global warming, yet denial, distortion and falsehoods about well-established scientific facts are flooding the internet and media landscape, according to the participants of a panel di...
‘Stop the madness’ of climate change, UN chief declares
October 30, 2023
UN Secretary-General António Guterres on Monday called on the world to “stop the madness” of climate change as he visited the Everest region in Nepal where melting glaciers are putting entire communities at risk of extinction.
World News in Brief: ICC slams ‘unacceptable threats’, DR Congo displacement, UNEP ‘Champions of the Earth’
October 30, 2023
The President of the International Criminal Court (ICC) on Monday hit back at Russia’s recent decision to issue arrest warrants against senior judges, describing the move as the most notable example of “unacceptable threats and attacks” on the internat...
UPDATING LIVE: UN Security Council meeting again on Gaza crisis
October 30, 2023
Following four failed efforts to reach consensus on a Gaza resolution, the UN Security Council met in emergency session again on Monday afternoon (New York time) to discuss the ongoing crisis, amid continuing Israeli bombardment and reported ground inc...
Immediate de-escalation ‘only antidote’ to conflict in Syria
October 30, 2023
The UN Special Envoy for Syria on Monday warned that civilians there are facing the “terrifying” prospect of a potential wider escalation given the uptick in violence in Israel and the Occupied Palestinian Territory.
WTO chief warns Israel-Hamas war could hurt global growth if conflict spills over
October 30, 2023
WTO director-general warns of impact on trade if Israel and Gaza conflict were to spread to the rest of the Middle East.
Asia markets mixed ahead of Japan’s BOJ decision and South Korea inflation this week
October 30, 2023
Asian markets are mixed as investors brace for key economic data later this week, including purchasing managers index from around the region
U.S. is working with Indo-Pacific partners to boost economic resilience, Katherine Tai says
October 30, 2023
The U.S. is working very closely with trading partners in the Indo-Pacific region to build economic resilience, said U.S. Trade Representative Katherine Tai.
HSBC’s after-tax profit surges over 235% year-on-year, announces $3 billion share buyback
October 30, 2023
HSBC also said it will initiate a further share buy-back of up to $3 billion, which is expected to "commence shortly."
Is your hotel sustainable? Not if these two things are in your room, says Soneva’s founder
October 30, 2023
Soneva and Six Senses founder Sonu Shivdasani said "sustainable" hotels shouldn't have branded water or toiletries in plastic bottles — and that's bare minimum.
Evergrande shares fall 20% to all-time low as court adjourns winding-up hearing
October 30, 2023
Evergrande shares hit an all-time low of 18.8 Hong Kong cents as a judge warned that it could be wound up if the firm does not present a restructuring plan.
Factories are heading for a ‘dark’ future — and it’s not what you think
October 30, 2023
Factories have been transformed by automation, with robots now taking on a sizeable proportion of jobs once done by people – lifting heavy loads, assembling parts, and more.
G7 calls for immediate repeal of bans on Japanese food, pressing China
October 30, 2023
The G7 trade ministers, after a weekend meeting on Osaka, did not mention China but denounced what they consider its rising economic coercion through trade.
Standard Chartered-owned crypto firm Zodia launches in Hong Kong
October 30, 2023
Zodia Custody, the crypto security firm owned by British bank Standard Chartered, is launching its services in Hong Kong, the company told CNBC exclusively.
Florida family arrested in connection with father’s murder: authorities
October 30, 2023
The Dixie County Sheriff's Office in Florida arrested three family members last week of a man who was found murdered in the Town of Suwanee in July 2021.
Soros-backed DA targets hotels hiring homeless migrants to fill job amid striking union workers
October 30, 2023
Los Angeles District Attorney George Gascón launches investigation after several California hotels accused of hiring migrants from Skid Row amid 15,000 unionized employees strike.
As the market enters correction territory, don’t blame the American consumer
October 30, 2023
From Amazon to auto sales and new homes, the consumer is spending more and holding up better than the market selloff suggests.
Matthew Perry cause of death ‘deferred’: coroner
October 30, 2023
Matthew Perry died after an apparent drowning in a hot tub at his home in the Pacific Palisades area of Los Angeles Saturday, authorities confirmed. He was 54.
Titans rookie Will Levis shines in NFL debut with four touchdown passes to defeat the Falcons
October 30, 2023
Tennessee Titans rookie Will Levis teamed up with veteran wideout DeAndre Hopkins to shine in his NFL debut, throwing four touchdown passes to defeat the Atlanta Falcons, 28-23.
Israel-Hamas war live updates: Thousands break into UN warehouses in Gaza; Israel vows to continue ‘large scale’ strikes
October 30, 2023
Israel has pledged to keep up with its "large scale, significant strikes" in the besieged Gaza Strip.
Stocks rebound to start week, Dow rallies 500 points for best day since June: Live updates
October 30, 2023
Traders braced for a big week filled with a Federal Reserve rate decision, jobs data and Apple's earnings report.
Kirk Cousins throws two touchdown passes in Vikings’ win over Packers before late exit with injury
October 30, 2023
It was bitter sweet Sunday for the Minnesota Vikings after they defeated the slumping Green Bay Packers 24-10, but lost quarterback Kirk Cousins to injury in the fourth quarter.
Panthers’ Bryce Young gets first career win in battle of rookie quarterbacks against CJ Stroud’s Texans
October 30, 2023
The Carolina Panthers and rookie quarterback Bryce Young finally got in the win column, taking down fellow rookie signal caller C.J. Stroud and the Houston Texans.