United States
U.S. announces major Asia economic deal in effort to boost profile, counter China
U.S. President Joe Biden, pictured here on Thursday, April 21, 2022, has launched the Indo-Pacific Economic Framework for Prosperity (IPEF) with a dozen initial partners. Yuri Gripas | Abaca | Bloomberg | Getty Images In a move to raise its economic profile and create another counterbalance to China within Asia, the United States announced on […]
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‘The next era of humanity’s technological development’: U.S. and its Asian allies get serious about semiconductors
TOKYO — As U.S. President Joe Biden visits Japan and South Korea, the three countries are looking for common ground on the world stage. One place they’re finding it is semiconductors. A first stop for Biden on his first swing through Asia as president was a Samsung factory in South Korea. “These little chips, only […]
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Biden in Japan to launch regional economic plan to counter Beijing
U.S. President Joe Biden is greeted by Japan’s Foreign Minister Yoshimasa Hayashi upon arrival in Yokota Air Base in Fussa, Tokyo prefecture on May 22, 2022. Biden arrived in Japan on Sunday to launch a plan for greater U.S. economic engagement with the Indo-Pacific, facing criticism even before the program is announced that it will […]
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Four ‘dream jobs’ for people who love to travel
Many people occasionally travel for work. But for some, travel is at the heart of their jobs. CNBC Travel spoke with people from four industries about occupations where working from home — or an office for that matter — isn’t an option. A year of travel Name: Sebastian ModakJob: Former New York Times “52 Places […]
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Time to sell or buy the dip? Here’s how pros suggest trading Wall Street sell-off
With the recent carnage on Wall Street, CNBC Pro asks strategists and investors what’s next for stocks and where they see pockets of opportunity in the weeks ahead. U.S. stocks briefly fell into bear market on Friday, as the broad-based S & P 500 fell as much as 20.9% from its all-time high in January […]
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Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics
Drew Angerer | Getty Images News | Getty Images Hyundai Motor said on Sunday it plans to invest $5 billion in the U.S. by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and A.I. The investment comes alongside the automaker’s recent announcement of a plan to spend $5.54 billion to build its first […]
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Biden says ‘hello’ to North Korea’s Kim amid tensions over weapons tests
U.S. President Joe Biden speaks during a joint news conference with South Korean President Yoon Suk-yeol at the Presidential office in Seoul, South Korea, May 21, 2022. Jeon Heon-Kyun | Reuters U.S. President Joe Biden, in Seoul before heading to Japan as part of his first Asia trip as president, had a simple message for […]
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More people are dying on U.S. roads, even as cars get safer. Here’s why it’s a tough problem to solve
Cars and trucks are wedged together after a deadly multi-vehicle pileup on the ice covered I-35 in a still image from video in Fort Worth, Texas, February 11, 2021. NBC5 | via Reuters New vehicles on sale in the U.S. today are the safest and most advanced ever made, yet roadway fatalities last year reached […]
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Automakers are jacking up prices on electric vehicles to bake in rising materials costs
Tesla’s Model 3 at the Tesla store in Washington, D.C. Salwan Georges | The Washington Post | Getty Images Automakers from Tesla to Rivian to Cadillac are hiking prices on their electric vehicles amid changing market conditions and rising commodity costs, specifically for key materials needed for EV batteries. Battery prices have been declining for […]
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Biden, South Korea’s Yoon vow to deter North Korea but offer Covid aid
South Korean President Yoon Suk-yeol looks on as U.S. President Joe Biden delivers remarks during a visit to a semiconductor factory at the Samsung Electronics Pyeongtaek Campus in Pyeongtaek, South Korea, May 20, 2022. Jonathan Ernst | Reuters President Joe Biden and his new South Korean counterpart agreed on Saturday to hold bigger military drills […]
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