Year: 2025
Elon Musk says DOGE probably won’t find $2 trillion in federal budget cuts
Tesla CEO and X owner Elon Musk sits as U.S. President-elect Donald Trump meets with House Republicans on Capitol Hill in Washington, U.S., November 13, 2024. Brian Snyder | Reuters Tech billionaire Elon Musk said Wednesday that his budget-cutting effort on behalf of President-elect Donald Trump would most likely not find $2 trillion in savings, […]
Read More
Cohere co-founder sees big AI opportunity in enterprise, happy to stay out of ChatGPT’s way
Omar Marques | Lightrocket | Getty Images Cohere co-founder Nick Frosst is surrounded by chatter of artificial general intelligence, or AGI. He’s perfectly happy to stay out of the conversation. Founded in 2019, by ex-Google AI researchers, Cohere is valued in the billions of dollars and is one of the more high-profile names in the […]
Read More
Black British entrepreneurs find new ways to land funding as diversity efforts are scrapped
Former Goldman Sachs executive Ayesha Ofori was confident that investors would be keen to fund her investment platform startup — then came the wall of rejections. Some of the venture capitalists who gave the cold shoulder to Ofori’s female-focused financial investment platform, Propelle, ultimately rejected her, citing her lack of experience. Ofori notes her background at Morgan […]
Read More
‘The sky is the limit’ on Damac investment in the U.S., Dubai property giant’s chief says
DUBAI, United Arab Emirates — The sky’s the limit when it comes to Dubai property giant Damac’s investment in the United States, the company’s chairman told CNBC on Thursday. Two days prior, President-elect Donald Trump announced a $20 billion foreign investment by the Emirati company to build new data centers across the U.S. — adding that its […]
Read More
CNBC Daily Open: Fed’s inflation worries didn’t bother markets
Jerome Powell, chairman of the U.S. Federal Reserve, at a news conference after a Federal Open Market Committee meeting in Washington, D.C., on Dec. 18, 2024. Al Drago | 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 […]
Read More
Musk is courting the far right in Germany — and there’s not much European leaders can do about it
Elon Musk’s plan to host a chat with the leader of the Alternative for Germany (AfD) party on his X social media platform has angered European politicians— but they’ll struggle to stop him. The tech billionaire is set to speak on Thursday with Alice Weidel, head of the AfD — Germany’s far-right party. It is […]
Read More
European stocks head for positive open but concerns over inflation dominate market sentiment
China’s consumer inflation slows further in December, stoking deflation worries China’s consumer price inflation in December slipped to 0.1% year on year, data from the National Bureau of Statistics showed Thursday, stoking deflation concerns. Growth in headline inflation was in line with Reuters estimates, but less than the 0.2% rise in November. Core CPI, which excludes food and […]
Read More
The world’s most powerful passport has a clear winner this year — in 2024 it was a six-way tie
Singapore has the world’s most powerful passport, according to the 2025 Henley Passport Index. The nation-state was one of six countries which tied for the top spot in 2024 in the list produced by the migration consultancy Henley & Partners, which ranks passports by the number of destinations that holders can access without needing a […]
Read More
Asia’s central banks face a formidable challenge: An ascendant U.S. dollar
A man looks in the window of a money changer showing the rate of various currencies against the Japanese yen, along a street in central Tokyo on April 29, 2024. Richard A. Brooks | Afp | Getty Images Central banks in Asia face a catch-22 in 2025. A relentless rise in the U.S. dollar has […]
Read More
Biden cancels Italy trip due to California wildfires
US President Joe Biden arrives on the South Lawn of the White House as he returns to Washington, DC, from Camp David, on Jan. 2, 2025. Chris Kleponis | AFP | Getty Images U.S. President Joe Biden canceled an upcoming trip to Italy due to the wildfires in California, the White House said on Wednesday, adding that he wanted to […]
Read More