World
Billionaire Frank McCourt’s Project Liberty bids for TikTok ahead of Supreme Court arguments
Jakub Porzycki | Nurphoto | Getty Images Just 10 days before the U.S. ban on TikTok goes into effect, businessman Frank McCourt’s internet advocacy nonprofit Project Liberty announced Thursday it has submitted a proposal to buy the social media site from Chinese technology company ByteDance. Project Liberty and its partners, known as “The People’s Bid […]
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Google donates $1 million to Trump’s inauguration fund, joining other tech giants
Alphabet CEO Sundar Pichai speaks at the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on Nov. 16, 2023. David Paul Morris | Bloomberg | Getty Images Google donated $1 million to President-elect Donald Trump’s inauguration fund, becoming the latest major tech company to try and curry some goodwill with the incoming administration. “Google is pleased to […]
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Kremlin says it’s watching Trump’s pursuit of Greenland closely
Russian President Vladimir Putin speaks with Kremlin spokesman Dmitry Peskov during a summit of leaders of nations, which are members of the Commonwealth of Independent States (CIS), in Moscow, Russia October 8, 2024. Sergei Ilnitsky | Via Reuters The Kremlin said Thursday that it’s keeping a close eye on President-elect Donald Trump’s ongoing pursuit of […]
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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, […]
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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 […]
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‘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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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