Month: December 2024
FTC bans hidden junk fees in hotel, event ticket prices
U.S. President Joe Biden delivers remarks on protecting consumers from hidden junk fees during an event at the South Court Auditorium at Eisenhower Executive Office Building on June 15, 2023 in Washington, DC. Alex Wong | Getty Images The U.S. Federal Trade Commission passed a rule on Tuesday requiring ticket sellers, hotels and vacation rental […]
Read More
Stocks making the biggest moves premarket: Pfizer, Tesla, SolarEdge, Red Cat and more
Check out the companies making headlines in premarket trading. Pfizer — The drugmaker’s stock climbed more than 2% in premarket trading after the company released 2025 forecast that met Wall Street expectations . Pfizer said it expects revenue between $61 billion and $64 billion next year, compared with a consensus estimate of $63.2 billion, per FactSet. Red […]
Read More
Cocoa prices climb to new record high, prompting fresh warnings about extreme volatility
A general view of cocoa pods on a tree, in Ebebda, on November 30, 2024 . Cocoa is one of Cameroon’s key export products. Daniel Beloumou Olomo | Afp | Getty Images The price of chocolate’s key ingredient has skyrocketed this year, prompting analysts to issue fresh warnings about extreme price volatility. Cocoa futures for […]
Read More
Why new retirees may need to rethink the 4% rule
Key Points The 4% withdrawal rule is a popular retirement strategy that helps investors withdraw money safely from their accounts, with low odds of running out of money later. Lower expectations for long-term stock, bond and cash returns means new retirees may need to proceed a bit more cautiously, according to Morningstar. There are ways […]
Read More
Walmart employees are now wearing body cameras in some stores
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania. Paul Weaver | Lightrocket | Getty Images Walmart has started giving store-level associates body cameras to wear as part of a pilot program at some of its U.S. locations, CNBC has learned. It’s not clear how many of Walmart’s stores have […]
Read More
Nvidia falls deeper into correction territory as Broadcom rally continues
Jaque Silva | Nurphoto | Getty Images Nvidia shares fell in premarket trading on Tuesday, as Broadcom continued its rapid surge higher. Nvidia stock was down about 1.8% in premarket trading at 10:47 a.m. London time. On Monday, the company a entered correction territory — broadly defined as the point when a stock falls 10% […]
Read More
UK kicks off review into training AI models on copyrighted content
On Dec. 9, OpenAI made its artificial intelligence video generation model Sora publicly available in the U.S. and other countries. Cfoto | Future Publishing | Getty Images The U.K. is drawing up measures to regulate the use of copyrighted content by tech companies to train their artificial intelligence models. The British government on Tuesday kicked […]
Read More
Ukraine kills top Russian general in Moscow it accuses of chemical weapons crimes
Igor Kirillov, head of the Russian Defense Ministry’s radiological, biological and chemical protection unit, speaks at a briefing over an alleged chemical attack on the Syrian city of Douma, at the Patriot park in the Moscow region on June 22, 2018. Afptv | Afp | Getty Images A top Russian general accused by Ukraine of […]
Read More
The world’s busiest flight routes in 2024
Hong Kong-Taipei is the busiest international flight route, according to a report released Tuesday by aviation intelligence company OAG. The route — which last held that position in 2019 — again tops the list despite seat capacity remaining 15% below pre-pandemic levels, according to OAG’s report. Seven of the 10 busiest international routes in the […]
Read More
CNBC Daily Open: Investors rotate out of Nvidia — and the Nasdaq hits a high
Nvidia’s headquarters in Santa Clara, California. David Paul Morris | Bloomberg | Getty Images 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 […]
Read More