The FCC is defrosting net neutrality once again, bringing back internet protection laws intended to keep users from paying high prices for the same web. In an exclusive statement to Reuters, FCC chair Jessica Rosenworcel said the federal committee would be voting to bring back net neutrality laws at the end of the month, despite … Read more
THE HAGUE, Netherlands — In a decision hailed by an environmental group as a historic victory, an Amsterdam court ruled Wednesday that Dutch national airline KLM misled consumers in statements about sustainable aviation in a case that accused the carrier of “greenwashing.” Amsterdam District Court said in a statement that in some advertisements, that are … Read more
A KFC restaurant in Wuhan, China. Source: Yum China While economists and investors fret over China’s low consumer confidence and sluggish growth, Yum China CEO Joey Wat says the Chinese consumer is growing more rational — and has been for years. Weighed down by investors’ concern about the broader Chinese economy, shares of Yum … Read more
People cross the street outside the Macy’s Herald Square store in New York City on Dec. 17, 2023. Kena Betancur | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where … Read more
BOUSSY-SAINT-ANTOINE, France — Truck driver Jeremy Donf understands French farmers are struggling and he wants to support local food producers. But like many consumers, buying French produced food isn’t always an option. Farmer protests across Europe this week have highlighted how farmers and households are both hurting these days because of multiple factors, including persistent … Read more
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Microsoft first launched its AI-powered Office features for businesses in November, but just two months later the company is already offering them to consumers. Copilot Pro is launching today as a $20 monthly subscription that provides access to AI-powered features inside Office apps like Word, Excel, and PowerPoint alongside priority access to the latest OpenAI … Read more
Google My wife and I recently decided to replace our Ring Doorbells with Google Nest Doorbells. The reason was twofold: we were already deeply embedded with the Google ecosystem, and our Ring Doorbells had always been flaky (sometimes they’d work, sometimes they wouldn’t). This switch was also prompted by replacing our Alexa devices with Google … Read more
Chinese flag waving in front of Shanghai cityscape. Eternity in an Instant | Stone | Getty Images Consumers in China are hunting for bargains when they spend, the latest earnings from online retailers show. Chinese e-commerce giant Pinduoduo posted 94% growth in third-quarter revenue, far outpacing Alibaba’s 9% growth during the same period. Pinduoduo, known for … Read more
IWAKI, Japan — Local fishing communities feared the worst when the wrecked Fukushima nuclear power plant began discharging treated radioactive wastewater into the sea. Instead of a business calamity, however, consumers from across the nation have supported the region by eating more fish. Besides boosting a fragile industry, the demand has helped mitigate the impact … Read more
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting to buckle for the first time in a decade. He’s blaming a list of headwinds weighing on consumers including inflation, higher interest rates, federal budget … Read more