Month: June 2024
CNBC Daily Open: Nasdaq record, Tesla future value?
SpaceX, Twitter and electric car maker Tesla CEO Elon Musk reacts as he visits the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023. Alain Jocard | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily […]
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Iceland wants to switch up its tourism tax to protect nature — and fight overtourism
The Blue Lagoon geothermal spa near the fishing town of Grindavik, Iceland, on May 23, 2024. John Moore | Getty Images News | Getty Images Iceland wants tourists to flock to its bubbling hot springs, picturesque ice caps and lunar-like lava landscapes — but not at the expense of its residents or natural environment. The […]
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Iran’s upcoming snap elections: A battle of anti-western hardliners
Iran’s Supreme Leader Ali Khamenei leads funeral prayer for the late Iranian President Ebrahim Raisi, Foreign Minister Hossein Amir-Abdollahian and other officials who died in a helicopter crash at the Tehran University campus in Tehran, Iran on May 22, 2024. Iranian Leader Press Office | Anadolu | Getty Images Iran is holding snap elections on […]
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Australia’s Albanese, China’s Li hold ‘candid’ talks
China’s Premier Li Qiang (L) and Australia’s Prime Minister Anthony Albanese shake hands during a signing ceremony at Parliament House in Canberra on June 17, 2024. Lukas Coch | AFP | Getty Images Australia’s Prime Minister Anthony Albanese and Chinese Premier Li Qiang met on Monday in the first visit to the country by a […]
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Indian national extradited to U.S. to stand trial in alleged plot to kill Sikh activist in New York
The Justice Department seal is seen on the lectern. Mark Wilson | Getty Images An Indian national accused of helping plot to kill a U.S. citizen in New York City has been extradited to the U.S. to stand trial. A U.S. District Court spokesman said Nikhil Gupta is scheduled to appear Monday in the lower Manhattan courthouse […]
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China May retail sales beat expectations, but industrial output and fixed asset investment missed
A worker welds steel at a workshop on June 8, 2024 in Hangzhou, Zhejiang Province of China. Vcg | Visual China Group | Getty Images China’s retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists. However, other economic metrics, […]
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Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure
Jeffrey Smith, CEO and chief investment officer at Starboard Value LP. David Paul Morris | Bloomberg | Getty Images Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company’s board in recent weeks over a number of serious concerns involving its disclosures around an […]
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CNBC Daily Open: Nasdaq record, $25 trillion Tesla?
Elon Musk leaves at the Turkish House after meeting with Turkish President Recep Tayyip Erdogan ahead of the 78th session of the United Nations (UN) General Assembly in New York, United States on September 17, 2023. (Photo by Fatih Aktas/Anadolu Agency via Getty Images) Fatih Aktas | Anadolu Agency | Getty Images This report is […]
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Singapore’s ‘shophouses’ are catching the eye of the rich, with some forking out tens of millions
Row of shophouses in Singapore’s Katong area. Olivier Chouchana | Gamma-rapho | Getty Images SINGAPORE — The ornate, colorful “shophouses” that line the streets in some old neighborhoods of Singapore are not what immediately comes to mind when people think of the city-state. In a country where land is scarce and public housing can cost […]
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Malaysia is emerging as a data center powerhouse amid booming demand from AI
A large hallway with supercomputers inside a server room data center. Luza Studios | E+ | Getty Images Malaysia is emerging as a data center powerhouse in Southeast Asia and the continent more broadly as demand surges for cloud computing and artificial intelligence. Over the past few years, the country has attracted billions of dollars […]
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