Inside a tornado-ravaged street after Hurricane Milton Crystal Coleman stands in front of the ruins of her home in south Florida “It was devastating, we were very scared. It felt like the tornado was inside of our house.” Her neighbourhood is one of many across the state that were devastated by Milton as it barrelled … Read more
Pennsylvania Governor Josh Shapiro delivers remarks at a bill signing event at Cheyney University, an HBCU in Cheyney, Pennsylvania, U.S., August 2, 2024. Bastiaan Slabbers | Reuters PHILIPSBURG, Pa. — Pennsylvania Gov. Josh Shapiro confirmed to NBC News on Wednesday that he spoke with tech mogul Elon Musk on Sunday — but said politics never … Read more
A worker arranges peaches at a fruit stand in the Pike Place Market in Seattle, Washington, US, on Thursday, July 4, 2024. SeongJoon Cho | Bloomberg | 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, … Read more
Pedestrians crossing a road in front of the Bank of Korea headquarters in Seoul on July 13, 2022. South Korean economic growth unexpectedly picked up in the second quarter as strong consumption on eased Covid-19 restrictions offset poor exports, supporting the case for further central bank interest rate hikes. Jung Yeon-je | Afp | Getty … Read more
People walk past downed lights and trees in downtown St. Petersburg, Florida, due to Hurricane Milton, on Oct. 10, 2024. Bryan R. Smith | AFP | Getty Images Millions of people in Florida were without power Thursday after Hurricane Milton spawned tornados, flooding and powerful winds. Twelve storm-related deaths have been confirmed across the state. … Read more
With all eyes on China right now, one fund manager is bullish on the country regardless of any “bazooka” stimulus measures, saying investors should be getting involved. Steven Glass, managing director and analyst at the Sydney-headquartered Pella Funds Management, said Chinese markets will continue to improve regardless of any huge stimulus announcements. Starting on Sept. … Read more
France’s government presented on Thursday its 2025 budget aimed at plugging a gaping hole in the public finances with 60 billion euros ($65.68 billion) worth of tax hikes and spending cuts. The following are the main measures: SPENDING CUTS The French government will cut 2,200 jobs. The headcount for teachers, in particular, will drop, along with the … Read more
Anthony Tan is the co-founder and CEO of Grab. Courtesy of From the outside, it looks like Anthony Tan’s got it all — the family, the wealthy upbringing and the success. Today, he is the head honcho of one of Southeast Asia’s biggest tech companies, Grab — but he’ll be the first to say that … Read more
Signage for Bank of Korea is displayed atop the central bank’s headquarters building in Seoul, South Korea, on Thursday, Aug. 16, 2018. South Korea’s central bank hiked interest rates for a second consecutive meeting on Thursday to wrestle consumer inflation down from 13-year highs, and further raised its projections for prices to rise to their … Read more
Buying shares of Nvidia or other semiconductor and Big Tech stocks is just one way to play the artificial intelligence theme. There’s a cheaper way to play it, Sean Peche of Ranmore Fund Management told CNBC Pro Talks last week. “Most investors over the last couple of years have thought that the only way to … Read more