Month: November 2023
Fisker shares sink after EV maker discloses ‘material weaknesses’ in financial reporting
Fisker Inc. officially revealed the Fisker Ocean all-electric luxury crossover at CES 2020 in Las Vegas. Shares of electric-vehicle startup Fisker are sinking in premarket trading Tuesday following a disappointing earnings report and a regulatory filing that raised concerns about the company’s previous financial statements. Shares were down more than 17% from their previous close […]
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The U.S. has missing thousands of tech workers to Canada — here is why
As of final thirty day period, the Canadian government claims much more than 6,000 U.S. H-1B visa holders experienced arrived in Canada so much this 12 months. That’s right after significant layoffs left significant-qualified international H-1B holders in limbo. “The highly educated overseas countrywide is seriously at the mercy of the U.S. companies,” mentioned Annie […]
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Dwelling Speaker Johnson predicts ‘bipartisan agreement’ on two-move authorities funding program
WASHINGTON — Household Speaker Mike Johnson reported he expects to get bipartisan backing Tuesday for his “laddered” continuing resolution to fund the govt, probably giving the Senate enough time to go the monthly bill after the Dwelling and keep away from a governing administration shutdown established to get started late Friday night time. “In about […]
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Why oil majors Shell and BP are combining solar electricity and agricultural creation
At Elm Department Photo voltaic Farm, about an hour south of Dallas, Texas, a flock of sheep grazes between a wide area of photo voltaic panels. The flock’s shepherd, Amanda Stoffels, watches about it as the sheep munch on the grass and nap in the shade delivered by the panels. Stoffels owns this land, but […]
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Israel’s pavilion at the Dubai Airshow sits empty from backdrop of Gaza war
The Israel Aerospace Industries pavilion stands vacant at the Dubai Airshow 2023 at Al Maktoum Global Airport, Dubai, United Arab Emirates on November 14, 2023. Natasha Turak | CNBC DUBAI, United Arab Emirates — Amid the bustle and footfall of countless numbers of guests and exhibitors at the 2023 Dubai Airshow, one particular pavilion is […]
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Israel-Hamas war live updates: Biden says Gaza hospitals must be protected; UN relief agency to wind down operations shortly
French defense minister begins Middle East tour French Defense Minister Sebastien Lecornu is being deployed to the Middle East to discuss the situation in Gaza Strip, he said on social media, according to a CNBC translation. The assignment, which starts Tuesday, is taking place at the request of French President Emmanuel Macron. The tour will […]
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Home Depot earnings beat, but retailer offers a tepid outlook as sales slide
Home Depot‘s quarterly sales declined 3% from the year-ago period, but topped Wall Street’s expectations as customers chipped away at more modest projects and home repairs. The retailer indicated caution about the coming months, as it narrowed its full-year outlook. It said it now anticipates sales will fall by 3% to 4% from the prior […]
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Ukraine war live updates: Kyiv said to be considering dismissal of army commanders; Russian troops punished for drink and drugs
German budget to increase cash for Ukraine Germany’s next budget could double military aid to Ukraine to 8 billion euros ($8.58 billion) in 2024, according to a draft copy seen by Reuters on Tuesday. CNBC could not independently verify the report. Chancellor Olaf Scholz has positioned Berlin as the “backbone” of European defense since Russia’s […]
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UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. Evelyn Hockstein | Reuters UBS expects the U.S. Federal Reserve to cut interest rates by as much as […]
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British fintech Wise reports 280% jump in profit as higher interest rates boost income
The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images British fintech firm Wise nearly quadrupled pre-tax profits in its half-year results out on Tuesday, citing a boost from higher interest rates. Wise reported revenue of £498.2 million, up 25% year-on-year, in the half-year ended on Sept. […]
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