Amazon, Microsoft, Meta and others accused by rivals of not respecting new EU competition rules (www.cnbc.com)
Why can’t today’s young adults leave the nest? Blame high housing costs (www.cnbc.com)
These days, housing affordability is a struggle for nearly everyone....
Amazon cuts hundreds of jobs in Prime Video and MGM Studios (www.cnbc.com)
Amazon cuts hundreds of jobs in Prime Video and MGM Studios::Mike Hopkins, who oversees those units, sent a note to staffers informing them of the job cuts.
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year (www.cnbc.com)
Ship hijacked off Oman appears to change course toward Iran waters (www.cnbc.com)
An oil tanker was boarded by armed individuals near the Gulf of Oman on Thursday and appeared to change course toward Iranian waters, according to the U.K. Marine Trade Operations....
Bosses want to work from home more than employees do, says new survey—but they're still pushing Return To Office requirements (www.cnbc.com)
Defense Secretary Lloyd Austin treated for prostate cancer, developed severe infection, Pentagon reveals (www.cnbc.com)
Unity Software to lay off 1,800 employees as part of a corporate restructuring (www.cnbc.com)
Unity Software to lay off 1,800 employees as part of a corporate restructuring::Unity Software is slashing about 25% of its workforce just eight months after announcing its prior round of layoffs.
Global economy set for its worst half decade of growth in 30 years, World Bank says (www.cnbc.com)
The global economy is on course to record its worst half decade of growth in 30 years, according to the World Bank....
Supreme Court rejects appeal by Elon Musk's X on disclosing federal surveillance (www.cnbc.com)
Supreme Court rejects appeal by Elon Musk’s X on disclosing federal surveillance::X, owned by Elon Musk, previously challenged a ban on disclosing warrant for the Twitter account of Donald Trump obtained by special counsel Jack Smith.
56 million Americans have been in credit card debt for at least a year. ‘We are seeing pockets of trouble,’ expert says (www.cnbc.com)
Microsoft, OpenAI sued for copyright infringement by nonfiction book authors in class action claim (www.cnbc.com)
Microsoft, OpenAI sued for copyright infringement by nonfiction book authors in class action claim::The new copyright infringement lawsuit against Microsoft and OpenAI comes a week after The New York Times filed a similar complaint in New York.
United Airlines inspections find loose bolts on several Boeing 737 Max 9 aircraft after grounding (www.cnbc.com)
FAA grounds more than 170 Boeing 737 Max 9s after Alaska Airlines panel blows out (www.cnbc.com)
Microsoft says a Copilot key is coming to keyboards on Windows PCs starting this month (www.cnbc.com)
U.S. payrolls increased by 216,000 in December, much better than expected (www.cnbc.com)
December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000
Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon (www.cnbc.com)
The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing....
Turkish inflation climbs to nearly 65%, with more rises expected (www.cnbc.com)
Inflation has created a dark cloud over how everyday Americans view the economy (www.cnbc.com)
BYD is set to beat Tesla for a second straight year after producing more than 3 million cars in 2023 (www.cnbc.com)
BYD said Monday it produced more than 3 million new energy vehicles in 2023, putting the Chinese electric car giant on track to surpass Tesla’s production for a second straight year....
South Korea's opposition chief stabbed in the neck, local media reports (www.cnbc.com)
South Korea’s opposition Democratic Party leader Lee Jae-myung was stabbed in the neck during a visit to the southern port city of Busan on Tuesday, the Yonhap news agency reported....
SpaceX sets new rocket record with 96 successful launches in 2023 (www.cnbc.com)
SpaceX sets new rocket record with 96 successful launches in 2023::SpaceX this year launched 96 successful missions with its Falcon series of rockets, topping its previous annual record of 61 orbital launches in 2022.
Tech stocks just wrapped up one of their best years in past two decades after 2022 slump (www.cnbc.com)
Tech stocks just wrapped up one of their best years in past two decades after 2022 slump::The Nasdaq climbed 43% in 2023, one of the sharpest rally for the tech-heavy index in 20 years.
From FedEx to airlines, companies are starting to lose their pricing power (www.cnbc.com)
After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power....
Drugmakers set to raise U.S. prices on at least 500 drugs in January (www.cnbc.com)
Drugmakers including Pfizer, Sanofi and Takeda Pharmaceutical plan to raise prices in the United States on more than 500 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors....
