After a few years of funding frenzy, autonomous driving companies in China are experiencing a slowdown in investment. Some companies are still hauling in capital, though the era of bankrolling several hundred million dollars in a single round has mostly passed. Haomo.ai, an autonomous driving startup backed by Chinese automaker Great Wall Motor, has raised … Read more
DUBAI, United Arab Emirates — Egypt is building a wall and is leveling land near its border with the Gaza Strip ahead of a planned Israeli offensive targeting the border city of Rafah, satellite images analyzed Friday by The Associated Press show. Egypt, which has not publicly acknowledged the construction, repeatedly has warned Israel not … Read more
MEXICO CITY — Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms and to wall off TV streaming to avoid stifling competition. Mexico’s Federal Commission on Economic Competition, known by its initials as COFECE, said in a preliminary finding late Tuesday that the two firms control 85% of online sales … Read more
US consumer prices rose more than expected in January, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) rose 0.3% over last month and 3.1% over the prior year in January, slightly higher than December’s 0.2% month-over-month increase but a deceleration from December’s 3.4% annual … Read more
U.S. journalist Evan Gershkovich, who was detained in Russia on spying charges, is escorted out of the Lefortovsky Court building in Moscow on Jan. 26, 2024. Alexander Nemenov | Afp | Getty Images Russian President Vladimir Putin said “an agreement can be reached” over the release of detained Wall Street Journal reporter Evan Gershkovich, signaling … Read more
The Big Picture The Wolf of Wall Street accurately reflects the true story of Jordan Belfort’s illegal activities and debaucherous lifestyle on Wall Street. The film’s depiction of Jordan Belfort’s drug use, involvement with sex workers, and criminality is mostly accurate, with some embellishments for dramatic effect. Several characters in the film, including Donnie Azoff … Read more
U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on January 31, 2024 in Washington, DC. The Federal Reserve announced today that interest rates will remain unchanged. Anna Moneymaker | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC … Read more
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more
BEIJING (Reuters) – Many Chinese are venting their frustration at the slowing economy and the weak stock market in an unconventional place: the social media account of the U.S. Embassy in Beijing. A post on Friday on protecting wild giraffes by the U.S. embassy on Weibo, a Chinese platform similar to X, has attracted 130,000 … Read more
‘Shameful’: Mike Rowe trashes college degrees, says Harvard grads are taking their ‘degrees off the wall’ — is welding, pipe fitting or HVAC a better path to six figures? Higher education has traditionally been hailed as a crucial stepping stone to success, but TV personality Mike Rowe argues this belief is now out of date. … Read more