Month: January 2025
Aviation industry faces a slew of challenges — ‘problems that will take years’ to resolve
The aviation industry is bracing for another year of difficulties, as delivery delays at Boeing and supply chain problems are set to continue into 2025, say aviation consultants. Sunday marked one year since a door panel blew off a Boeing 737 Max 9 operated by Alaska Airlines, an event that reignited a firestorm of questions […]
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BYD brought hundreds of Chinese workers to Brazil on irregular visas, Reuters reports
A drone view shows BYD’s new electric vehicle (EV) factory’s construction site in Camacari, Brazil December 26, 2024. Joa Souza | Reuters Electric vehicle producer BYD brought hundreds of Chinese workers on irregular visas to build a factory in Brazil, a key labor inspector told Reuters on Tuesday, adding the company has pledged to comply with local labor laws for the workers remaining in the country. A total of 163 […]
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OpenAI CEO Sam Altman denies sexual abuse allegations made by his sister in lawsuit
OpenAI CEO Sam Altman visits “Making Money With Charles Payne” at Fox Business Network Studios in New York on Dec. 4, 2024. Mike Coppola | Getty Images OpenAI CEO Sam Altman’s sister, Ann Altman, filed a lawsuit on Monday, alleging that her brother sexually abused her regularly between the years of 1997 and 2006. The […]
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Delta to link its loyalty program to Uber, ending partnership with Lyft
Travelers wait for an Uber ride-share vehicle at Los Angeles International Airport in Los Angeles on Feb. 8, 2023. Mario Tama | Getty Images Delta Air Lines will link its lucrative SkyMiles loyalty program to Uber this spring, the companies announced Tuesday, as the airline ends its eight-year partnership with smaller ride-hailing rival Lyft. Once […]
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CNBC Daily Open: Inflation returns to the picture
A tip jar at a cafe in the Brooklyn borough of New York, U.S., on Friday, Aug. 23, 2024. Yuki Iwamura | 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 […]
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Stock futures inch higher after tech-driven sell-off: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) on the first day of trading of the new year on January 02, 2025 in New York City. Spencer Platt | Getty Images U.S. stock futures ticked higher on Tuesday night. The action comes after a sharp decline in Big Tech stocks and […]
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Asia-Pacific open lower after higher Treasury yields drag down Wall Street
The Seoul skyline at sunset. Ed Jones | Afp | Getty Images Asia-Pacific markets opened lower Wednesday, tracking losses on Wall Street after Treasury yields rose and major U.S. tech stocks declined. Japan’s Nikkei 225 opened 0.57% lower, while the Topix lost 0.45%. South Korea’s Kospi rose 0.28% while the Kosdaq Index was flat. Shares […]
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Indian stocks will benefit from the Trump 2.0 era, portfolio manager says
Investors eyeing up firms with the potential to become the “blue chip companies of the future” should look to India, according to GIB Asset Management’s Kunal Desai. The portfolio manager said India’s geopolitical positioning is “favorable in this Trump 2.0 era” as investors assess the country’s ability to take advantage of a possible trade war […]
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Goldman loves this European stock riding the data center wave
Goldman Sachs is bullish on one of Italy’s cable manufacturing giants: Prysmian . The company is set to benefit from strong secular demand trends and superior earnings visibility, the investment bank said in a Jan. 2 research note. Prysmian makes underground and submarine cables and systems for power transmission and distribution. Prysmian is among the […]
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These 4 ETFs have outperformed the S&P 500 over the past five years
Four ETFs in Europe and North America have beaten the S & P 500 over the past five years, according to a screen by CNBC Pro. The U.S. benchmark rose by 23.3% in 2024 and 24.2% the previous year, making it particularly challenging for funds to outperform. It’s only the third time the S & […]
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