Day: December 2, 2024
Visiting Europe’s Christmas markets? Here’s how to do it — via a river cruise
Picture twinkling lights reflected on the Danube River as you sail into port, steps away from the merriment of a festive Christmas market. European Christmas markets have been a tradition since the Middle Ages. Market stalls decked in garland and ornaments beckon visitors with a cozy atmosphere and delicious food and drink. There are thousands of […]
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South Korea’s inflation climbs in November, but misses expectations
Pedestrians walk past food stalls and shops in the Myeongdong shopping district of Seoul on March 26, 2024. Anthony Wallace | AFP | Getty Images South Korea’s inflation rate climbed in November to 1.5% year on year, from a 45-month low in October, as the country grapples with a weakening Korean won and slowing exports. […]
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China’s AI balancing act — beating the U.S. but keeping the tech from threatening Beijing’s rule
China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models. Niphon | Istock | Getty Images China’s race to develop smarter-than-human artificial intelligence may put it ahead of the U.S., but such ground-breaking technology could also risk lessening the stronghold that the ruling Communist Party has […]
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Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Allison Robbert | Getty Images Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge […]
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Art Cashin, New York Stock Exchange fixture for decades, dies at age 83
Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of Walter Cronkite,” has died. He was 83 and had been a regular on CNBC for more than 25 years. In the intensely competitive and often vicious world of stock market commentary, […]
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Fed Governor Waller says he is ‘leaning toward’ a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City on Nov. 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind. “Based on […]
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GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner […]
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California special session to ‘safeguard’ state from Trump kicks off with proposed $25 million legal fund
Governor Newsom speaks as he signed into law the most significant bipartisan legislation to crack down on property crime at a Home Depot store in San Jose, California, United States on August 16, 2024. Tayfun Coskun | Anadolu | Getty Images Gov. Gavin Newsom’s special legislative session to safeguard California from potential “federal overreach” from […]
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Streamer Kai Cenat earns millions, breaks Twitch subscriber record during 30-day livestream
Creator Kai Cenat broke the record for the highest subscriber count on Amazon’s Twitch during a nonstop live stream for the entire month of November. Cenat is a 22-year-old streamer who rose to popularity over the past two years with livestreams focused on comedy, gaming and pranks. He completed a so-called subathon on Saturday, streaming […]
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Trump defense pick Pete Hegseth faces new media report on alleged alcohol abuse, sexual impropriety
President-elect Donald Trump’s nominee to be Secretary of Defense Pete Hegseth leaves the Russell Senate Office Building on November 21, 2024 in Washington, DC. Kevin Dietsch | Getty Images Pete Hegseth, the already embattled choice by President-elect Donald Trump to lead the Pentagon, faces a new magazine report detailing his alleged alcohol abuse, sexual impropriety, […]
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