Month: November 2024
China plans to restrict exports of a critical metal. But the market isn’t that worried
Key Points China will start limiting exports of critical metal tungsten this weekend, just as alternatives to Chinese suppliers of the metal are reopening. Tungsten is an extremely hard metal used in weapons and semiconductors. The U.S. has not commercially mined tungsten since 2015, according to official records. But this year, one of the world’s […]
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Lebanon had ‘no say in the decision to go to war,’ foreign minister says
Lebanon’s foreign minister on Thursday defended Hezbollah’s presence in the region, but said his country had “no say in the decision to go to war” with Israel. Speaking to CNBC’s Dan Murphy, Abdallah Bou Habib vowed to uphold a U.S.-France brokered cease-fire that is already showing signs of strain, and said he will seek foreign […]
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CNBC’s Inside India newsletter: The causes and costs of India’s brain drain
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. Four years ago, Keshav Raj graduated with a degree in computer science from the prestigious SRM Institute […]
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Mexico warns Trump tariffs would kill 400,000 U.S. jobs, threatens retaliation
Mexican President Claudia Sheinbaum speaks after reading a letter to be sent to U.S. President-elect Donald Trump, warning that tariffs would cause inflation and job losses in both countries, at National Palace in Mexico City, Mexico, November 26, 2024. Presidencia De Mexico | Via Reuters Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate […]
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Thanksgiving travel snarled by coast-to-coast storm bringing rain and snow
People enter LaGuardia Airport (LGA) on one of the busiest travel days of the year on November 26, 2024 in New York City. Spencer Platt | Getty Images With Thanksgiving holiday travel well underway, many have reached their destinations — but for everyone else, a storm tracking from the Rockies to the Midwest and Northeast […]
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These ETFs could be a more cautious way to bet on a stock market rally in 2025
Investors should look beyond the most popular, large cap stock funds next year, but that doesn’t mean they have to get too defensive, according to Astoria Portfolio Advisors. John Davi, Astoria’s CEO and chief investment officer, told CNBC that the huge amount of cash that has flowed into index funds tracking the S & P […]
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Undersea cable cuts in the Baltic Sea are stoking geopolitical tensions — here’s what’s going on
Denmark’s navy said on Nov. 20, 2024 it was shadowing a Chinese cargo vessel in the Baltic Sea, a day after Finland and Sweden opened investigations into suspected sabotage of two severed undersea telecoms cables. Mikkel Berg Pedersen | Ritzau Scanpix | Afp via Getty Images Geopolitical tensions are brewing globally over the cutting of […]
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These economists say artificial intelligence can narrow U.S. deficits by improving health care
Can artificial intelligence be so transformative as to solve one of the U.S. economy’s biggest problems: its skyrocketing fiscal deficit? According to three economists at the Brookings Institution, the answer is yes — AI could prove a positive “critical shock” for the country’s fiscal health. A working paper released last month by the Center on […]
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Lebanon says 2 hurt as Israeli troops fire on people returning south after truce with Hezbollah
Vehicles transporting people who had fled southern Lebanon are slowed down by heavy traffic on the outbound road from Beirut, in the area of Khaldeh on November 28, 2024, a day after a cease fire between Israel and Hezbollah took hold. Ibrahim Amro | Afp | Getty Images At least two people were wounded by […]
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A social media ban for under-16s passes the Australian Senate and will soon be a world-first law
A social media ban for children under 16 passed the Australian Senate Thursday and will soon become a world-first law. The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts. […]
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