Month: November 2024
Budget travel icon Spirit Airlines files for bankruptcy protection after mounting losses
Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines, an icon of budget air travel that reshaped the industry, has filed for bankruptcy protection after years of mounting losses, a failed merger and more demanding […]
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Tesla stock pops 8% in premarket after report Trump wants to relax U.S. self-driving rules
Tesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024. Jim Watson | Afp | Getty Images Tesla shares jumped on Monday following a report that President-elect Donald Trump’s transition team […]
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European markets set for higher open as investors look to shake off negative sentiment
City of London skyline view looking over the River Thames and Waterloo Bridge at sunset on 10th February 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images European markets were on track to rise as a new trading week kicks off Monday, with investors looking to shake off last week’s negative […]
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CNBC Daily Open: It’s not unexpected markets are back to preelection levels
The New York Stock Exchange floor. Source: NYSE 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, no matter where they are. Like what you see? You can subscribe here. What you need to know today Markets ended week […]
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European tech CEOs urge ‘Europe-first’ mentality to counter U.S. dominance after Trump victory
Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal. Harry Murphy | Sportsfile for Web Summit Getty Images LISBON, Portugal — Tech CEOs in Europe are urging the region and all countries to take bolder action to tackle Big Tech’s dominance and counter reliance on […]
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Tencent challenges Amazon and Microsoft’s cloud dominance by tapping into its WeChat ecosystem
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images SINGAPORE — Chinese tech giant Tencent is increasingly leveraging its WeChat super-app ecosystem to set itself apart from dominant global cloud service players, Tencent Cloud […]
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Thailand legalizing same-sex marriage is likely to bring a flood of tourists
Thailand’s same-sex marriage legislation, scheduled to come into effect in January 2025, could attract an additional 4 million tourists to the country per year, according to a report commissioned by the travel company Agoda. The report published Thursday estimates the country’s marriage equality law may increase tourism arrivals by 10%, netting the country an extra […]
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Samsung shares climb more than 7% after surprise $7 billion buyback plan
A Samsung Group flag flutters in front of the company’s Seocho building in Seoul. Sopa Images | Lightrocket | Getty Images Shares of Samsung Electronics jumped on Monday after the company unveiled a surprise plan to buy back about 10 trillion South Korean won ($7.19 billion) worth of its own stock over the next 12 […]
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Trump taps Brendan Carr to chair Federal Communications Commission
Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America. The Washington Post | The Washington Post | Getty Images President-elect Donald Trump will tap Brendan Carr, a critic of the Biden administration’s telecom policies and Big Tech, as chairman of the Federal Communications Commission, he said […]
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K-pop agencies mostly struggled in third quarter — but 2025 may bring financial recovery
JYP Entertainment’s boy group Stray Kids attends the 2024 SBS Music Awards Summer in Seoul. The group’s activities has given its parent company a “dramatic rebound to profitability” The Chosunilbo Jns | Imazins | Getty Images K-pop businesses mostly continued to struggle in the third quarter of the year, with three of South Korea’s four […]
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