Year: 2025
Trump Defense pick Pete Hegseth to face tough Senate confirmation hearing
Defense secretary nominee Pete Hegseth meets with Senator-elect Jim Banks (R-IN) on Capitol Hill in Washington, U.S., December 5, 2024. Evelyn Hockstein | Reuters Secretary of Defense hopeful Pete Hegseth is set to appear for a high-stakes Senate confirmation hearing Tuesday, as he seeks to overcome an expected grilling from Democrats about his qualifications to […]
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Klarna scores global payment deal with Stripe to expand reach ahead of blockbuster U.S. IPO
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Klarna has agreed a major new distribution partnership with fellow fintech unicorn Stripe, in a bid to expand reach and add more merchants in the lead-up to its upcoming listing in the U.S. Klarna’s buy now, […]
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Wildfires force Los Angeles app developer to use his own technology to navigate crisis
The wind whips embers while firefighters battle the fire in the Angeles National Forest near Mt. Wilson as the wildfires burn in the Los Angeles area, during the Eaton Fire in Altadena, California, U.S. January 9, 2025. Ringo Chiu | Reuters For almost two years, Viktor Makarskyy has been working on an app that serves […]
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Southwest Airlines pauses corporate hiring, most summer internships to cut costs
A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024. Daniel Slim | Afp | Getty Images Southwest Airlines is pausing corporate hiring and promotions, suspending most of its summer internships and going without some employee team-building events that […]
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Baltic Sea nations seek to limit further incidents after cable breaches
The oil tanker Eagle S is suspected of having caused damage to five submarine cables in the Baltic Sea by dragging its anchor across the seabed. Vesa Moilanen | Lehtikuva | AFP via Getty Images European nations must be prepared to face further incidents in the Baltic Sea following the recent damage to undersea infrastructure, […]
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UK antitrust regulator opens probe into Google’s search services
Anadolu | Anadolu | Getty Images LONDON — Britain’s competition watchdog on Tuesday said that it’s opening a formal antitrust investigation into Google’s search and search advertising services. The Competition and Markets Authority said that it’s looking to assess whether Google has “strategic market status” (SMS) under the new U.K. Digital Markets, Competition and Consumers […]
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Spain plans to tackle housing crisis with 100% tax on homes bought by foreigners
Houses along a hillside outside Marbella on the sunny coast, Costa del Sol, in Spain. Marcus Lindstrom | Istock | Getty Images Spain is planning to impose a tax of 100% on homes bought by non-EU residents as it looks to tackle an entrenched housing crisis in the country. Spanish Prime Minister Pedro Sanchez on […]
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A global bond sell-off is deepening as investors pare Fed rate cut expectations
The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee. Brooks Kraft | Getty Images A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs for consumers and businesses around the world. Bond yields […]
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After last year’s $162-billion stock wipeout, Samsung’s 2025 hinges on Nvidia
When Samsung reported fourth-quarter preliminary profit that missed market forecasts in a big way, its stock rose. Investors put aside the numbers and instead focused on comments from Nvidia CEO Jensen Huang, giving hope of a revival for Samsung in 2025. It comes after a near-$162-billion market cap wipeout for Samsung in 2024 driven by […]
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CNBC Daily Open: Tech sells off but AI is still likely to drive markets
Nvidia CEO Jensen Huang delivering a keynote address at the Consumer Electronics Show in Las Vegas, Nevada on Jan. 6, 2025. Patrick T. Fallon | Afp | 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, […]
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