World
Musk’s Starlink hit with outage day after rollout of T-Mobile satellite service
Jakub Porzycki | Nurphoto | Getty Images Elon Musk’s satellite internet service Starlink said it had a “network outage” on Thursday. The company said it was working on a solution. There were more than 60,000 reports of an outage on Downdetector, a site that logs issues. Starlink is owned and operated by SpaceX, which is […]
Read More
Honeywell’s post-earnings drop was disrespectful. Here’s where we stand on the stock
An unwarranted post-earnings decline in Honeywell shares on Thursday presented a buying opportunity for new investors ahead of the conglomerate’s breakup into three publicly traded companies. Revenue in the second quarter ended June 30 rose 8.1% year over year to $10.35 billion, topping expectations of $10.07 billion, according to market data service LSEG. Organic sales […]
Read More
If AI attempts to take over world, don’t count on a ‘kill switch’ to save humanity
LEDs light up in a server rack in a data center. Picture Alliance | Picture Alliance | Getty Images When it was reported last month that Anthropic’s Claude had resorted to blackmail and other self-preservation techniques to avoid being shut down, alarm bells went off in the AI community. Anthropic researchers say that making the […]
Read More
CNBC’s Inside India newsletter: Leaving, but not letting go — India’s wealthy move abroad, but stay invested
Udaipur city Navalarp Teratanatorn | 500px | Getty Images Hello, this is Amala Balakrishner, writing from Singapore. This week, I look at migration trends among India’s wealthy and uncover what is pushing them out, and keeping them rooted in India. This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful […]
Read More
Moncler raises prices on tariffs, may postpone store openings if downturn worsens
A general exterior view of the Moncler luxury fashion label store in Sloane Street, Knightsbridge on February 17, 2025 in London, United Kingdom. John Keeble | Getty Images News | Getty Images Italian luxury house Moncler said it’s currently relying on “very slight price increases” to offset the initial impact of U.S. tariffs, but warned […]
Read More
Turkey’s central bank makes three-point cut to interest rates in return to easing
Turkish lira and U.S. dollar Resul Kaboglu | NurPhoto via Getty Images Turkey’s central bank on Thursday cut its key interest rate by three points points to 43%, returning down the path of monetary easing. The step marked the first rate reduction since April, when the bank hiked rates to 46% in the wake of […]
Read More
European Central Bank holds interest rates as tariff turmoil keeps policymakers on edge
The President of the European Central Bank Christine Lagarde at the 2025 European Central Bank Forum on Central Banking on June 30, 2025 in Sintra, Portugal. Horacio Villalobos | Corbis News | Getty Images The European Central Bank on Thursday kept interest rates steady amid major economic uncertainty, as the European Union scrambles to negotiate […]
Read More
Nestle flags further potential price hikes as tariffs, commodities weigh on margins
Kit Kat Chunky packaging are seen at a store in Poland on July 15, 2025. Nurphoto | Getty Images Swiss food giant Nestle said Thursday that prices for its KitKat bars and Nespresso coffee pods could rise further in the second half of this year, as U.S. tariffs risk exacerbating existing commodity price pressures. CEO […]
Read More
China plans subsidy vouchers for seniors to ease strain on its aging population, drive consumption
BINZHOU, CHINA – JULY 11, 2021 – Senior citizens rest in Binzhou, East China’s Shandong Province, July 11, 2021. Cfoto | Future Publishing | Getty Images China is planning to offer subsidy coupons to seniors in a rare use of direct fiscal support as Beijing seeks to ease the financial strain on its aging population […]
Read More
Tesla loses market share in Europe for sixth straight month as competition grows
Tesla car is seen in Krakow, Poland on June 11, 2025. Nurphoto | Nurphoto | Getty Images U.S. electric vehicle maker Tesla lost market share in Europe for the sixth straight month in June, according to the European Automobile Manufacturers Association, or ACEA, amid a broader regional dip in new car sales. Data published Thursday […]
Read More