Month: June 2024
Fed Governor Bowman says she’s still open to raising rates if inflation doesn’t improve
Michelle Bowman, governor of the US Federal Reserve, speaks during the Exchequer Club meeting in Washington, DC, US, on Wednesday, Feb. 21, 2024. Kent Nishimura | Bloomberg | Getty Images Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would be open to raising […]
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Delta’s most exclusive airport lounge opens. Here’s what’s inside
The bar at the Delta One lounge at New York’s John F. Kennedy International Airport. Leslie Josephs | CNBC Delta Air Lines’ most exclusive airport lounge opens this week to travelers flying on the right ticket. The Delta One lounge at the carrier’s hub in John F. Kennedy International Airport will open Wednesday to customers […]
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How Delta made itself America’s luxury airline — and what United wants to do about it
An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure his carrier stays on top. The airline’s unit revenue, the amount it brings in for every seat it flies one mile, outpaced its competitors’ last […]
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College dropouts raise $120 million to take on Nvidia’s AI chips
Etched co-founders Robert Watchen, Gavin Uberti, and Chris Zhu Etched Nvidia has been the hottest story on Wall Street of late, increasing eightfold in value since the end of 2022 and soaring past $3 trillion in market cap this month. A 2-year-old startup founded by Harvard dropouts has just raised $120 million in venture funding […]
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International Criminal Court issues arrest warrant Russia’s Shoigu and Gerasimov
Russian Defence Minister Sergei Shoigu attends a meeting held by defence ministers of the Shanghai Cooperation Organisation (SCO) in Astana, Kazakhstan, April 26, 2024. Turar Kazangapov | Reuters The International Criminal Court issued arrest warrants for Sergei Shoigu, the former Russian defence minister, and leading Russian general Valery Gerasimov on Tuesday for alleged crimes committed […]
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These are the world’s best airlines according to Skytrax — including a new number one
Ground crews load cargo and supplies onto airplanes from airlines including Lufthansa Group, Emirates, Austrian Airlines, and British Airways, as they stand parked at the Tom Bradley International Terminal (TBIT) at Los Angeles International Airport (LAX) in El Segundo, California, on September 11, 2023. Patrick T. Fallon | Afp | Getty Images Singapore Airlines is […]
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Microsoft’s ‘abusive’ bundling of Teams and Office products breached antitrust rules, EU says
The Microsoft Teams displayed on a smartphone. Sopa Images | Lightrocket | Getty Images The European Union on Tuesday accused Microsoft of breaching antitrust rules with the “abusive” bundling of its Teams and Office products. “The European Commission has informed Microsoft of its preliminary view that Microsoft has breached EU antitrust rules by tying its […]
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Cisco is ‘very optimistic’ about its expanding business with China EVs
Cisco established operations in China in 1994. Sopa Images | Lightrocket | Getty Images DALIAN, China — Cisco is “very optimistic” about its growing business with Chinese electric car companies as they expand overseas, the company’s Greater China head told CNBC on Tuesday. The EV segment is the U.S. tech giant’s second-largest for the region […]
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China’s Chang’e-6 lunar probe returns with first-ever samples from far side of the moon
The Chang’e-6 probe being successfully launched from China’s Wenchang Spaceport in Wenchang, Hainan Province, China, on May 3, 2024. Nurphoto | Nurphoto | Getty Images China’s Chang’e-6 lunar probe returned to Earth on Tuesday, bringing back the first-ever samples from the unexplored far side of the moon. The re-entry capsule landed in the northern Chinese […]
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Novo Nordisk’s Wegovy weight loss drug approved in China
Novo Nordisk’s Wegovy weight loss drug has seen a meteoric rise in popularity. Nurphoto | Getty Images Novo Nordisk said Tuesday that its Wegovy weight loss treatment has been approved in China for long-term weight management, opening up the blockbuster drug for sale in the world’s second largest economy. China’s National Medical Products Administration “recently” […]
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