World
A 67-year-old who ‘un-retired’ shares the biggest retirement challenge ‘that no one talks about’
In 2007, at age 52, I was forced to retire overnight. An MRI had revealed a tumor, the size of a large eggplant, sitting on my pelvis. In 98% of these cases, my oncologist told me, bone tumors are secondary cancer. He estimated that I had about six months to live. But after two successful […]
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Ikea puts Russian factories up for sale, plans job cuts
A view of IKEA store in Russia’s capital Moscow on March 04, 2022. Pavel Pavlov | Anadolu Agency | Getty Images Ikea said on Wednesday it would sell factories, close offices, and reduce its 15,000-strong workforce in Russia, the latest move by the world’s biggest furniture brand to cut its operations there following Moscow’s invasion […]
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Inside the U.S. government project to create tiny nuclear reactors like batteries
Nuclear reactors have a well-earned reputation for being massive construction projects that frequently run into cost overruns. Plus, once they are eventually constructed, monitoring and maintaining them takes a staff of dozens of trained experts. But Yasir Arafat believes nuclear power doesn’t have to be this way. Arafat is the technical lead of the microreactor […]
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Watch Fed Chair Powell discuss the central bank’s biggest rate hike in nearly three decades
Stocks climbed higher after Powell leaves the door open for another 75 basis point rate hike The major indexes jumped higher after Federal Reserve Chair Jerome Powell indicated that another 0.75 percentage point rate hike could be possible. Investors cheered central bank officials taking a tougher stance on inflation. At 3:10 p.m. ET, the S&P […]
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Fed hikes its benchmark interest rate by three-quarters of a point, the biggest increase since 1994
The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994. Ending weeks of speculation, the rate-setting Federal Open Market Committee took the level of its benchmark funds rate to a range of […]
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Biden to send another $1 billion in military aid to Ukraine
Ukrainian servicemen taking part in the armed conflict with Russia-backed separatists in Donetsk region of the country attend the handover ceremony of military heavy weapons and equipment in Kiev on November 15, 2018. Sergei Supinsky | AFP | Getty Images WASHINGTON — President Joe Biden announced another $1 billion in weapons for Ukraine on Wednesday, […]
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EU drugs watchdog launches rolling review of Pfizer-BioNTech’s Covid variant vaccine
A registered nurse prepares a dose of the Pfizer COVID-19 vaccine. Mario Tama | Getty Images The European Medicines Agency on Wednesday launched a rolling review of a variant-adapted Covid-19 vaccine developed by Pfizer and BioNTech, as cases of new sub-variants of the coronavirus’s Omicron lineage rise. When available, clinical trial data will be added […]
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Putin is ‘another Hitler in the making,’ Egyptian billionaire Sawiris says
Egyptian billionaire Naguib Sawiris did not mince words when expressing his thoughts on Russian President Vladimir Putin and his country’s invasion of Ukraine. Asked by CNBC’s Hadley Gamble if he expected civil unrest in Egypt due to food shortages triggered by the war, Sawiris, the chairman and CEO of Orascom Investment Holding, said he did […]
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Qualcomm wins fight against $1 billion EU antitrust fine
Qualcomm Inc. President and CEO Cristiano Amon speaks during the company’s press event for CES 2022 at the Mandalay Bay Convention Center on January 4, 2022 in Las Vegas, Nevada. CES, the world’s largest annual consumer technology trade show, is being held in person from January 5-7, with some companies deciding to participate virtually only […]
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European Central Bank to create new tool to address fragmentation risk after bond yields surge
Christine Lagarde, President of the European Central Bank. The central bank scheduled an emergency meeting to address higher bond yields. John Thys | Afp | Getty Images The European Central Bank announced Wednesday that it plans to create a new tool to tackle the risk of euro zone fragmentation, in a move designed to assuage […]
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