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   NEWS: CNBC WORLD NEWS
CNBC World News
May 17, 2024

OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it
OpenAI has dissolved its team focused on long-term AI risks, less than one year after announcing it, amid both team leaders' high-profile departures.

CNBC World News
May 17, 2024

Campus protests have called for schools to divest from Israel. Here's how that would actually work
Protesters on campuses nationwide have called on universities to divest from Israel due to the war in Gaza. Here's how divestment would actually work.

CNBC World News
May 17, 2024

World's top golfer Scottie Scheffler arrested on charges of assaulting officer at PGA championship event
Golf champ Scottie Scheffler was taken into custody and charged with felony assault on a police officer and reckless driving outside of a PGA championship event.

CNBC World News
May 17, 2024

Here's what has driven the Dow rally to 40,000, and why it could keep going
The Dow Industrials passing the 40,000 barrier makes for a nice headline, but market experts don't take much else from the move.

CNBC World News
May 17, 2024

'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars
Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.

CNBC World News
May 17, 2024

As Tesla layoffs continue, here are 600 jobs the company cut in California
Tesla has eliminated another 600 jobs across its operations in Fremont and Palo Alto, California.

CNBC World News
May 17, 2024

GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.

CNBC World News
May 17, 2024

Microsoft's Mistral partnership avoids merger probe by British regulators
The U.K.'s Competition and Markets Authority cleared Microsoft's AI partnership with Mistral of regulatory concerns after previously inviting views on whether the arrangement qualified as a merger.

CNBC World News
May 17, 2024

China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments.

CNBC World News
May 17, 2024

Chinese EV maker Xpeng aims to deliver its first flying car in 2026
Xpeng AeroHT, introduced the Land Aircraft Carrier, a large truck with a detachable flying two-seater passenger electric drone inside.

CNBC World News
May 17, 2024

Shares of Cartier owner Richemont climb on record full-year sales, new CEO
Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia Pacific spending waned.

CNBC World News
May 17, 2024

Shares of Cartier owner Richemont climb 6% on record full-year sales, new CEO
Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia Pacific spending waned.

CNBC World News
May 17, 2024

Steve Jobs' former intern reflects on working for the tech mogul: 'I worked 20 yards away from him every day'
Steve Jobs' former intern is now a tech CEO who sold his company to Google. He attributes much of his success to his time working at NeXT.

CNBC World News
May 17, 2024

China is a 'critical' global supplier, full decoupling may be impossible, survey shows
Chinese companies are growing more optimistic about a rise in trade exports as firms show no signs of fully decoupling from China, according to Allianz Trade.

CNBC World News
May 17, 2024

ECB board member reportedly cautions against back-to-back rate cuts, cites 'risk of easing prematurely'
European Central Bank board member Isabel Schnabel warned against back-to-back rate cuts amid continued inflation risks, according to a Nikkei report.

CNBC World News
May 17, 2024

CNBC's Inside India newsletter: What's next for India's regulators?
One area that has caught regulators' attention is the rapidly growing derivatives market, particularly futures and options trading.

CNBC World News
May 17, 2024

HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Ping An last year had supported a shareholder motion to spin off HSBC's Asia business and establish fixed dividends. The motion was eventually defeated.

CNBC World News
May 16, 2024

China consumption slows as retail sales and investment data disappoint
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.

CNBC World News
May 16, 2024

China retail sales, investment data miss expectations in April
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.

CNBC World News
May 16, 2024

Affluent consumers are creating a ‘bubble' at Walmart, warns retailer's former U.S. CEO Bill Simon
Walmart may just be a pit stop for high-income consumers.

CNBC World News
May 16, 2024

CNBC Daily Open: Dow briefly tops 40,000 for the first time, meme stocks down but not out
JPMorgan Chase CEO Jamie Dimon this week warned policymakers the U.S. needs to address its growing fiscal deficit.

CNBC World News
May 16, 2024

No walk-ins allowed: What to know when touring the world's best wine regions
Appointments are often needed in Europe, but in "New World" regions winemakers employ an open-door approach, allowing visitors to drop in at leisure.

CNBC World News
May 16, 2024

Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term
India has witnessed signs of democratic backsliding that has become apparent during the Modi era, observers and critics say.

CNBC World News
May 16, 2024

Reddit soars after announcing OpenAI deal that allows use of its data for training AI models
OpenAI and Reddit announced a partnership that will allow the ChatGPT maker to train its artificial intelligence models on Reddit content.

CNBC World News
May 16, 2024

After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation
Figma on Thursday announced a tender offer that will allow current and former employees to sell shares at a valuation of $12.5 billion.

CNBC World News
May 16, 2024

The changing face of the Dow: See the names that have come and gone on the path to 40,000
Many companies have been added and removed in the more than 125 years of the Dow's existence.

CNBC World News
May 16, 2024

Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains
Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.

CNBC World News
May 16, 2024

Under Armour is laying off workers as retailer says North America sales will plunge this year
Sales in Under Armour's largest market in North America are falling as inflation-weary consumers pull back on new clothes and shoes.

CNBC World News
May 16, 2024

Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says
The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."

CNBC World News
May 16, 2024

Gold, silver and platinum's red-hot rally still has further to go, strategists say
Gold, silver and platinum prices have been on a tear so far this year. Strategists say it's not over yet.

CNBC World News
May 16, 2024

BT shares soar as British broadband provider targets another £3 billion in cost cuts
Shares of British telecom company BT Group surged Thursday, on the back of the firm announcing further cost-cutting.

CNBC World News
May 16, 2024

Slovakia's prime minister in stable but 'very serious' condition after assassination attempt
Slovakia's Prime Minister Robert Fico is expected to survive an assassination attempt following surgery, according to the country's deputy prime minister.

CNBC World News
May 16, 2024

Meta slapped with child safety probe under sweeping EU tech law
Facebook parent company Meta on Thursday was hit with a major investigation from the EU into risks of its platforms to minors.

CNBC World News
May 16, 2024

Siemens shares slide over 5.5% on profit drop, slowing automation division
German technology giant Siemens on Thursday reported a a decline in earnings in the first three months of 2024 and said its automation division had slowed.

CNBC World News
May 16, 2024

EasyJet shares fall on profit miss, CEO departure
Shares of EasyJet fell more than 7% Thursday after the low-cost airline posted a slightly larger than expected pre-tax loss of £350 million.

CNBC World News
May 16, 2024

U.S. inflation data fuels bets of Fed rate cuts as early as September — but analysts aren't convinced
Traders appear increasingly confident that the U.S. Federal Reserve could start cutting interest rates as early as September.

CNBC World News
May 16, 2024

China announces 15-day visa-free stay in select provinces for cruise travelers to boost tourism
Travelers can now stay in China up to 15 days visa-free when entering via cruises, the government announced Wednesday, as part of efforts to woo tourists.

CNBC World News
May 16, 2024

Microsoft offers relocation to hundreds of China-based AI staff amid U.S.-China tech tensions
Microsoft has reportedly asked employees at its China-based cloud-computing and artificial-intelligence operations to consider relocation outside of China.

CNBC World News
May 16, 2024

'Biggest barrier' to Saudi-Israeli normalization is the two-state solution, says ex-CIA director
"A solid path, a solid commitment to a two-state solution from Israel" is the biggest hurdle to Israel and Saudi's normalization plans, said former CIA director David Petraeus.

CNBC World News
May 16, 2024

Siemens posts industrial profit drop as automation division slows
German technology giant Siemens on Thursday reported a a decline in earnings in the first three months of 2024 and said its automation division had slowed.

CNBC World News
May 16, 2024

India 'very favorable' for IPOs, Peak XV says, as economy and investor sentiment stay strong
India offers a "very favorable" environment for companies to list, said Peak XV Partners.

CNBC World News
May 16, 2024

Taylor Swift's Eras Tour could give the UK economy a $1.2 billion boost
Barclays says Taylor Swift fans are expected to spend over $1,000 on average to see the singer on the U.K. leg of her Eras Tour.

CNBC World News
May 16, 2024

Slovakia's prime minister no longer in life-threatening condition after assassination attempt
Slovakia's Prime Minister Robert Fico is expected to survive an assassination attempt following surgery, according to the country's deputy prime minister.

CNBC World News
May 16, 2024

Putin tells Xi that Russia-China relations are a 'stabilizing' force for the world
Putin's visit to China comes at the invitation of Xi and will be the Russian leader's first foreign trip since he began his fifth term in office last week.

CNBC World News
May 16, 2024

Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.

CNBC World News
May 16, 2024

CNBC Daily Open: Wall Street hits record, 'Thee rate cuts'
For the first time this year, inflation cooled more than expected, propelling stocks to record highs.

CNBC World News
May 16, 2024

As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing
Analysts say the relationship is nuanced, deeper than a "marriage of convenience," and complex on a number of fronts.

CNBC World News
May 16, 2024

Xi welcomes Putin to China as both leaders seek to bolster strategic ties
Putin's visit to China comes at the invitation of Xi and will be the Russian leader's first foreign trip since he began his fifth term in office last week.

CNBC World News
May 15, 2024

Shein suppliers work 75-hour weeks, report claims as Chinese fast-fashion giant looks to IPO
A new report suggests that workers at some of its suppliers are still clocking 75 hours a week, despite assurances the company would improve labor standards.

CNBC World News
May 15, 2024

China's Shenzhen metropolis sees fastest growth in millionaires globally
In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China.

CNBC World News
May 15, 2024

CNBC Daily Open: Wall Street hits record highs as rate cut bets
For the first time this year, inflation cooled more than expected, propelling stocks to record highs.

CNBC World News
May 15, 2024

CNBC Daily Open: Wall Street hits record highs as rate cut bets rise on soft inflation data
For the first time this year, inflation cooled more than expected, propelling stocks to record highs.

CNBC World News
May 15, 2024

China is still an important market even if investors diversify from it now, says Peak XV
China will still be an important market in the years to come, said Peak XV, despite firms diversifying away from the country amid geopolitical concerns.

CNBC World News
May 15, 2024

Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
Cisco reported a 13% drop in revenue for the fiscal third quarter, the steepest decline since 2009. But results still topped estimates.

CNBC World News
May 15, 2024

Netflix ad-supported tier has 40 million monthly users, nearly double previous count
Netflix's cheaper, ad-supported tier now has 40 million global monthly active users, nearly double the 23 million the company reported in January.

CNBC World News
May 15, 2024

Warren Buffett's Berkshire Hathaway reveals insurer Chubb as confidential stock it's been buying
His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.

CNBC World News
May 15, 2024

Dell surges 11% on optimism it has secured big AI server orders
"All-in, we are hearing about more AI server momentum at Dell than at any other OEM," wrote Morgan Stanley's Erik Woodring.

CNBC World News
May 15, 2024

GameStop, AMC tumble as meme stock rally fizzles after just two days
GameStop and AMC shares fell as the meme stock trading frenzy showed signs of fizzling early on its third day.

CNBC World News
May 15, 2024

Bitcoin is having its best day since March following cooler April inflation reading
Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month.

CNBC World News
May 15, 2024

Dell surges 9% on optimism it has secured big AI server orders
"All-in, we are hearing about more AI server momentum at Dell than at any other OEM," wrote Morgan Stanley's Erik Woodring.

CNBC World News
May 15, 2024

Biden's EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
Automotive and trade experts say the increased tariffs are a near-term protectionism act that may delay, but won't stop, Chinese EVs from coming to the U.S.

CNBC World News
May 15, 2024

Slovak PM Fico in ‘life-threatening' condition after being shot; EU leaders decry 'brutal attack'
Slovakia's populist Prime Minister Robert Fico on Wednesday was shot multiple times in an assassination attempt that has sent shockwaves across the continent.

CNBC World News
May 15, 2024

Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's Model Y.

CNBC World News
May 15, 2024

‘We have to do what we have to do': Israel's Netanyahu stands firm on Rafah offensive despite U.S. tensions
Israeli Prime Minister Benjamin Netanyahu acknowledged tensions with historical ally the U.S. over the military operation in Rafah in the Gaza Strip.

CNBC World News
May 15, 2024

Slovakian PM Fico in ‘life-threatening' condition after being shot; EU leaders decry 'brutal attack'
Slovakia's populist Prime Minister Robert Fico on Wednesday was shot multiple times in an assassination attempt that has sent shockwaves across the continent.

CNBC World News
May 15, 2024

GameStop, AMC tumble more than 20% as meme stock rally fizzles after just two days
GameStop and AMC shares fell as the meme stock trading frenzy showed signs of fizzling early on its third day.

CNBC World News
May 15, 2024

CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.

CNBC World News
May 15, 2024

Europe must avoid ‘disaster' of trade decoupling as it eyes China tariffs, EU's economics chief says
"As far as Europe is concerned we need a more mature attitude in our trade," EU economics head Paolo Gentiloni told CNBC.

CNBC World News
May 15, 2024

Inflation eases in April with consumer prices rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.

CNBC World News
May 15, 2024

Georgia president holds talks on 'how to save' the country as U.S., EU and NATO decry 'Russian law'
The U.S., European Union, NATO and the United Nations have all issued statements expressing concern about Georgia's divisive legislation.

CNBC World News
May 15, 2024

GameStop, AMC decline as meme stock rally fizzles after just two days
GameStop and AMC shares fell as the meme stock trading frenzy showed signs of fizzling early on its third day.

CNBC World News
May 15, 2024

Singapore's Lawrence Wong sworn in as new prime minister — the first leadership change in 20 years
Lawrence Wong takes takes over as prime minister from his predecessor Lee Hsien Loong, who has led the nation state for the last 20 years.

CNBC World News
May 15, 2024

Sony-backed computing startup heads for rare IPO in sidelined London stock market
Raspberry Pi, which makes tiny single-board computers, said in a filing that it is considering an initial public offering on the London Stock Exchange.

CNBC World News
May 15, 2024

GameStop, AMC extend gains but broader meme stock rally shows signs of fizzling
The meme stock trading frenzy showed signs of divergence early on its third day, as GameStop and AMC saw smaller gains in pre-trading, while Koss shares fell.

CNBC World News
May 15, 2024

Jamie Dimon urges the U.S. to deal with its deficit sooner rather than later
JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. government to reduce its fiscal deficit sooner rather than later.

CNBC World News
May 15, 2024

Apple co-founder shares the best strategy his parents used while raising him: I'm 'the same way with my own kids'
Steve Wozniak says he became happier and more successful because his parents taught him to forge his own path and trust his gut.

CNBC World News
May 15, 2024

Copper futures hit record high as data center build-up, EV growth fuels demand
Copper futures on the NYMEX hit a record $XXX per pound, according to data from FactSet. The metal has gained more than 25% so far this year.

CNBC World News
May 15, 2024

Baidu's robotaxi unit expects to turn profitable next year
The projection comes as Elon Musk has emphasized his plans to build up Tesla's robotaxi efforts amid a decline in revenue.

CNBC World News
May 15, 2024

Putin wants 3 things from Xi as he seeks to deepen Russia-China ties, analyst says
Russian President Vladimir Putin's meeting with Chinese leader Xi Jinping in China this week is the latest sign of the deepening strategic ties between both sides.

CNBC World News
May 14, 2024

CNBC Daily Open: Nasdaq closes at record high; Google launches new AI model
Sam Altman's OpenAI raised the bar for Artificial Intelligence Assistants on Monday — a move that could spell the end of Siri and Alexa.

CNBC World News
May 14, 2024

China's international students under pressure as economic uncertainty looms
A growing number of overseas Chinese students are running into financial difficulties due to the declining wealth of their families back home.

CNBC World News
May 14, 2024

China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data
As China's economy moves into the second quarter of the year, a few indicators are raising expectations for monetary policy easing.

CNBC World News
May 14, 2024

OpenAI co-founder Ilya Sutskever says he will leave the startup
OpenAI co-founder Ilya Sutskever said Tuesday that he's leaving the Microsoft-backed startup.

CNBC World News
May 14, 2024

Google CEO Pichai says company will 'sort it out' if OpenAI misused YouTube for AI training
YouTube's videos have been used to help companies with AI model training.

CNBC World News
May 14, 2024

Google I/O wrap-up: Gemini AI updates, new search features and more
Google talked about updates to Gemini, its AI models, its Tensor TPU and more during Google I/O 2024. Here's a recap.

CNBC World News
May 14, 2024

Fallout between the Maldives and India is ‘absolutely' benefiting Sri Lanka, says tourism minister
Indian travelers' boycott of the Maldives is benefiting Sri Lanka, says Sri Lanka's Tourism Minister Harin Fernando, citing the countries' tight relationship.

CNBC World News
May 14, 2024

Justice Department says Boeing breached 2021 agreement that shielded it from criminal charges over 737 Max crashes
The Justice Department said Boeing violated a 2021 deferred prosecution agreement that protected it from criminal charges over the two fatal 737 Max crashes.

CNBC World News
May 14, 2024

Alibaba shares fall 6% after the Chinese tech giant posts 86% drop in profit
Alibaba posted a beat on revenue in its fiscal fourth quarter ended in March, but the Chinese e-commerce giant's net profit plunged.

CNBC World News
May 14, 2024

Tesla is sued over air pollution from factory operations in Fremont, California
A California nonprofit has sued Tesla over what it calls the company's "ongoing failure to comply with the Clean Air Act" at its Fremont assembly plant.

CNBC World News
May 14, 2024

Reddit shares close near record after two-day rally driven by meme stocks
Reddit shares popped Tuesday after retail traders kicked off a meme stock buying frenzy.

CNBC World News
May 14, 2024

Tesla sued over air pollution from factory operations in Fremont, California
A California nonprofit has sued Tesla over the company's "ongoing failure to comply with the Clean Air Act" at its Fremont assembly plant.

CNBC World News
May 14, 2024

TikTok creators sue U.S. government, say divestiture law violates First Amendment
Eight TikTok creators are suing the U.S. government to block the divest-or-ban law, arguing that it violates the First Amendment.

CNBC World News
May 14, 2024

Harvard expert shares the No. 1 lesson to learn from Warren Buffett's career: 'You can't be really successful' without it
Warren Buffett found the "sweet spot" between doing something he's good at and doing something he actually enjoys, says Harvard leadership expert Bill George.

CNBC World News
May 14, 2024

GameStop jumps for a second day, but ends session well off highs as meme enthusiasm starts to fade
The meme stock rally kicked off by "Roaring Kitty" continued for a second day as shares from GameStop, AMC, Blackberry and Koss soared.

CNBC World News
May 14, 2024

Biden signs bill banning imports of Russian uranium for nuclear fuel
The ban, which President Joe Biden signed into law on Monday, unlocks $2.72 billion in federal funding to expand the country's uranium industry.

CNBC World News
May 14, 2024

GameStop shares jump for a second day, but are well off the highs as meme enthusiasm starts to fade
The meme stock rally kicked off by "Roaring Kitty" continued for a second day as shares from GameStop, AMC, Blackberry and Koss soared.

CNBC World News
May 14, 2024

GameStop, AMC attracting a fraction of retail trader interest seen during 2021's meme mania
Mom-and-pop traders snapped up shares after the man credited with starting the meme stock mania resurfaced online, though at a lesser extent than seen in 2021.

CNBC World News
May 14, 2024

Google rolls out its most powerful AI models as competition from OpenAI heats up
Google on Tuesday announced new additions to its AI model following a flashy rollout a day earlier from OpenAI.

CNBC World News
May 14, 2024

Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
Speaking to the Foreign Bankers' Association, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year.

CNBC World News
May 14, 2024

AMC completes $250 million stock sale during meme rally, shares jump 30%
AMC shares soared following news of the sale and was paused for volatility at one point.

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