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☆ Every month, economists expect the labor market to slow. Will it ever?
▼ + stars: | 2024-04-09 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

New York CNN —Almost every month, economists expect the hot US labor market to start showing signs of exhaustion. The booming labor market has to run out of gas eventually, right? Enjoy it while it lastsHistorically speaking, there’s only so long a really good labor market can last until, for instance, a recession or tighter financial conditions disrupt it. Taken together, that could mean the life expectancy of the current labor market isn’t very long. One big reason why the labor market continues to defy expectations is the result of a surge in immigration over the past year.

Persons: February’s, Jefferies, Thomas Simons “, ” “, Simons, Will Baltrus, That’s, ” Dante DeAntonio Organizations: New, New York CNN, Conference, Labor, Bureau of Labor Statistics, Brookings, Moody’s Locations: New York

☆ Bob Iger reveals when Disney's password-sharing crackdown will go into full effect
▼ + stars: | 2024-04-04 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

After announcing Disney's plan to crack down on password-sharing in February, CEO Bob Iger finally set the date in a CNBC interview on Thursday. AdvertisementThe new password-sharing terms started getting introduced to existing accounts on March 14, but new subscribers have been subject to the password-sharing rules since January 25. AdvertisementIn addition to cracking down on password-sharing, Iger said Disney plans to make a number of improvements to increase engagement and cut down on marketing costs. Eventually, the company hopes to reach double-digit margins in streaming, Iger said. "Netflix is the gold standard in streaming," Iger said.

Persons: Iger, —, Bob Iger, we'll, Disney, Max Organizations: Disney, Service, CNBC, Netflix, Hulu Locations: Feburary

☆ Asia markets climb as China factory activity assessed; Japan business optimism falls slightly
▼ + stars: | 2024-04-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets climbed Monday as investors assessed China's business activity for February and await economic data out of Japan. China's National Bureau of Statistics data showed that manufacturing activity expanded in March, with the purchasing managers index registering a reading of 50.8, compared to Feburary's reading of 49.1. Separately, Japan's first-quarter Tankan survey showed that business optimism among large manufacturers fell, with the gauge at +11 compared with +12 in the last survey. However, optimism among non-manufacturers rose, with the Tankan gauge at +34 compared with +30 in the fourth quarter and beating Reuters expectations of +33. The survey gauges business sentiment, which the Bank of Japan monitors when formulating monetary policy.

Persons: Japan's Organizations: China's National Bureau, Reuters, Bank of Japan Locations: Asia, Pacific, Japan

☆ Renault to launch new Slovenia-made electric city car - sources
▼ + stars: | 2023-11-13 | by ( Gilles Guillaume | ) www.reuters.com time to read: +2 min

A logo of Renault is seen on a car during the French carmaker Renault's 2022 annual results presentation in Boulogne-Billancourt, near Paris, Feburary 16, 2023. REUTERS/Christian Hartmann Acquire Licensing RightsPARIS, Nov 13 (Reuters) - Renault (RENA.PA) will reveal the launch of an additional "affordable" city electric car during this week's capital markets day for its new EV unit Ampere, three sources familiar with the matter told Reuters. Ampere targets 600,000 produced electric vehicles in 2026 and one million in 2031. The company sold just under 50,000 electric Megane and Kangoo vehicles, its current models, last year. It flagged the arrival of electrified Scenic and R5 models for 2024, followed by the R4, in 2025.

Persons: Christian Hartmann, Ampere, Gilles Guillaume, Tassilo Hummel, Silvia Aloisi Organizations: Renault, REUTERS, Rights, Ampere, Reuters, Nissan, Thomson Locations: Boulogne, Billancourt, Paris, French, Mesto, Slovenia

☆ Renault sales up 7.6% thanks to higher prices but forex weighs
▼ + stars: | 2023-10-19 | by ( Gilles Guillaume | ) www.reuters.com time to read: +2 min

A logo of Renault is seen on a car during the French carmaker Renault's 2022 annual results presentation in Boulogne-Billancourt, near Paris, Feburary 16, 2023. Revenues came in at 10.51 billion euros ($11.07 billion), a touch above an analyst consensus forecast of 10.46 billion euros distributed by the company. Like other European carmakers it is facing strong competition in the EV market from Tesla (TSLA.O) and cheaper Chinese models. Renault confirmed its targets for 2023, adding it now expected a group operating margin closer to 8% for the year from a previous 7-8% forecast. ($1 = 0.9497 euros)Reporting by Gilles Guillaume, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

Persons: Christian Hartmann, carmaker, Ampere, Gilles Guillaume, Silvia Aloisi Organizations: Renault, REUTERS, Companies Renault SA, Tesla, carmaker Renault, Turkish, Thomson Locations: Boulogne, Billancourt, Paris, Turkey, Argentina

☆ Tucker Carlson: Democrats arrested Trump because 7 years ago he said Bush lied about Iraq
▼ + stars: | 2023-06-14 | by ( John Cook | ) www.businessinsider.com time to read: +4 min

On the third installment of "Tucker on Twitter," Carlson said Trump's arrest was for accusing George W. Bush of lying about Iraq in 2016. "We can point to the precise moment that permanent Washington decided to send Donald Trump to prison," Tucker said: Feburary 16, 2016. That's the day of a Republican primary debate in Greenville, South Carolina, at which Trump violated Republican orthodoxy by accusing George W. Bush of lying in the run-up to the Iraq War. 3 America's principles are at stake pic.twitter.com/eJNSUVvvqY — Tucker Carlson (@TuckerCarlson) June 13, 2023"We should never have been in Iraq," Trump said at the debate. And because Trump said it, Carlson argued, the clock started on a process that led to his arrest this week.

Persons: Tucker, Carlson, George W . Bush, —, Tucker Carlson, Donald Trump wasn't, George W, Bush, Donald Trump, eJNSUVvvqY — Tucker Carlson, Trump, Hillary Clinton, Barack Obama, Obama, John Dingell, Sen, Al Franken, Elijah Cummings, Ernest " Fritz, Hollings Organizations: Twitter, Service, Privacy, Fox, Trump, GOP, Republican Party, National Archives, Records Administration, Democratic, Rep, Intelligence, U.S . Intelligence Community's Locations: Iraq, Washington, Greenville , South Carolina

☆ 16 US Bradley infantry fighting vehicles have been destroyed, damaged, or abandoned in Ukraine in recent days, war monitor says, highlighting the cost of Ukraine’s counteroffensive
▼ + stars: | 2023-06-12 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Ukraine has lost 16 US-supplied Bradley infantry fighting vehicles, open-source analysis found. The losses are a sizeable chunk of the 109 Bradleys sent to Ukraine by the US. Dutch website Oryx, which tracks visual evidence of losses on both sides, documented five destroyed Bradleys and 11 that have been damaged and abandoned. The report on the Bradleys comes after Ukraine lost around half of its specially adapted Leopard 2R mine-clearing vehicles donated by Finland, as Forbes reported. The findings come as Ukraine reported retaking three settlements — Velyka Novosilke, Blahodatne, and Neskuchne in Donetsk region, as CNN reported.

Persons: —, BMP2, Bradley, Rob Lee, Mala Tokmachka, Forbes, James, Spider, Marks Organizations: Bradley, Service, Institute for, Foreign Policy Research Institute, Twitter, Forbes, Oryx, CNN Locations: Ukraine, Ukraine —, Russia, Finland, Zaporizhzhia, Mala, Ukrainian, Neskuchne, Donetsk

Comcast will likely sell its 33% stake in Hulu to Disney at the beginning of 2024, Comcast Chief Executive Brian Roberts said Tuesday. Comcast and Disney struck a deal in 2019 that allowed Disney the option to buy out Comcast's minority stake in 2024. Roberts also suggested the final price for Hulu will likely be higher than the $27.5 billion valuation initially set in 2019. Comcast and Disney have already held talks about Hulu this year, Iger said last week. Comcast executives had assumed Disney would buy out its 33% stake in Hulu when Bob Chapek was Disney's CEO last year.

☆ The UK has restricted Microsoft and Activision from acquiring an interest in each other after blocking $68.7 billion merger
▼ + stars: | 2023-05-11 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

The UK is restricting Microsoft and Activision from acquiring an interest in each other. The competition regulator published an interim order to prevent any action without its consent. The decision comes weeks after it made a decision to block a $68.7 billion merger between the two. The UK's competition regulator has issued an interim order to restrict Microsoft and Activision from acquiring an interest in each other. It comes weeks after the decision by the regulator, the Competition and Markets Authority (CMA), to block a $68.7 billion merger between the two companies.

☆ 2023 layoff tracker: The latest on which companies have announced job cuts
▼ + stars: | 2023-04-25 | by ( Jennifer Korn | ) edition.cnn.com time to read: +20 min

New York CNN —BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. With 11,000 job cuts announced in November and the 10,000 announced in March, Meta’s headcount will fall to around 66,000 — a total reduction of about 25%. The company announced in January that it was eliminating some 18,000 positions as part of a major cost-cutting bid at the e-commerce giant. IndeedJob listing website Indeed.com announced cuts of approximately 2,200 employees, representing almost 15% of its total workforce, the company said in March. The cuts come after the company announced several rounds of job cuts throughout the pandemic due to falling demand, followed by rapid hiring last year.

☆ Nissan says it and Renault are confident alliance deal will be sealed soon
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: 1 min

[1/2] A logo of Renault is seen on a car during the French carmaker Renault's 2022 annual results presentation in Boulogne-Billancourt, near Paris, Feburary 16, 2023. REUTERS/Christian HartmannTOKYO, March 31 (Reuters) - Nissan (7201.T) and Renault (RENA.PA) are working well together to sign a final agreement about the reshaping of their alliance and are confident that a deal will be reached soon, Nissan said in a statement on Friday. The company was responding to an earlier report by Japanese news agency Jiji which said that the final contract on the reboot of the alliance may be delayed until after April due to extended discussion on electric vehicles and intellectual property. Reporting by Daniel Leussink and Gilles Guillaume, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

☆ Fed's key inflation gauge rose 0.3% in Feburary, less than expected
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's key inflation gauge rose 0.3% in Feburary, less than expectedCNBC's Steve Liesman joins 'The Exchange' to discuss the PCE price index coming in a tenth below expectations, year-over-year rates ticking down, and GDP benefiting from income and spending rates sustaining a high level.

☆ Stocks open lower after strong Feburary jobs report
▼ + stars: | 2023-03-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks open lower after strong Feburary jobs reportCNBC’s Bob Pisani joins ‘Squawk on the Street’ to report on how the market is reacting after stronger-than-expected February job reports.

☆ Explosion at Ohio metal factory 70 miles from East Palestine injures at least 14 people, showering surrounding area with molten debris
▼ + stars: | 2023-02-21 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +2 min

At least 14 people were injured Monday in an explosion at a metal factory outside of Cleveland. The blast sent a shower of molten metal debris over the surrounding area. The explosion site is 70 miles from East Palestine, where a train loaded with toxic chemicals derailed this month. The blast occurred just 15 miles outside of Cleveland, and 70 miles from the village of East Palestine, where a train carrying toxic chemicals derailed earlier this month. Fire departments from across Northeast Ohio were called to the scene of the blast at the Bedford factory, Reuters reported.

☆ China imposes sanctions on Lockheed Martin, Raytheon over Taiwan arms sales
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Lockheed Martin is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit TessierBEIJING, Feb 16 (Reuters) - China's commerce ministry on Thursday said it put Lockheed Martin Corp (LMT.N) and Raytheon Technologies Corp (RTX.N) onto an "unreliable entities list" over arms sales to Taiwan, its latest sanctions against the two U.S. defense contractors. The regulations prohibit Lockheed Martin and Raytheon Missile and Defense Corporation, a subsidiary of Raytheon Technologies, from "engaging in import and export activities related to China", according to the commerce ministry statement. China previously sanctioned the two firms in Feburary last year over a $100-million arms sale to Taiwan, a self-ruled island which Beijing views as a breakaway province. China's foreign ministry at the time said the sale "undermined China's security interests, seriously undermined China-U.S. relations and peace and stability in the Taiwan Strait".

☆ China approves 87 new video games including titles by Tencent and Alibaba
▼ + stars: | 2023-02-10 | by ( Josh Ye | ) www.reuters.com time to read: +1 min

[1/4] People play online games in an internet cafe in downtown Shanghai August 6, 2009. REUTERS/ Nir EliasHONG KONG, Feb 10 (Reuters) - China's video games regulator on Friday approved 87 new video games for the month of Feburary including titles under Tencent Holdings (0700.HK), Alibaba Group (9988.HK) and NetEase (9999.HK). Shenzhen-based Tencent, the world's largest gaming company, received at least one game licence for a mobile game named "Wangzhewanxiangqi", the list published by the National Press and Public Administration showed. Alibaba also received an approval for a game named "Chunqiuxuanqi". The authoriy granted NetEase a licence for its mobile game titled "Journey to the West: Shikong".

☆ COP27 Global CO2 emissions to rise again, climate goals at risk, scientists say
▼ + stars: | 2022-11-11 | by ( Kate Abnett | ) www.reuters.com time to read: +2 min

Countries are expected to emit a total 41 billion tonnes of CO2 in 2022, said the report by more than 100 scientists, with 37 billion tonnes from burning fossil fuels and 4 billion tonnes from uses of land like deforestation. Emissions from burning coal increased, as countries have turned to the most-polluting fossil fuel after Russia restricted natural gas supplies to Europe after its Feburary invasion of Ukrane, which sent global gas prices soaring. Emissions rose by 1.5% in the United States and jumped by 6% in India, the world's second and fourth-biggest emitters, respectively. The U.N. climate science panel has said global greenhouse gases must decrease 43% by 2030 to limit global warming to 1.5C and avoid its most severe impacts. The COVID-19 pandemic caused a record drop in global CO2 emissions in 2020, but emissions are now back up to slightly above pre-COVID-19 levels.

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