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☆ India is drawing lessons from Ukraine to counter China's military might
▼ + stars: | 2024-04-29 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

India is trying to modernize its military of 1.5 million people with lessons from Ukraine. AdvertisementAs India boosts defense spending amid tensions with China and Pakistan, it is closely studying the Ukraine conflict for clues to the future of warfare and how to thwart its neighbors. Some lessons that Indian experts have already drawn: India needs lots of artillery, drones and cyberwarfare capabilities. Drones have become the stars and workhorses of the air war, with both sides deploying — and losing — drones in the hundreds of thousands. AdvertisementThere are lessons here for Indian airpower, according to Arjun Subramaniam, a retired Indian Air Force air vice marshal who helped write the ORF report.

Persons: —, Amrita Jash, Wolfgang Schwan, Arjun Subramaniam, Subramaniam, Cyberwarfare, Shimona Mohan, Mohan, Michael Peck Organizations: NATO, Service, Artillery, Indian Army, Manipal Academy of Higher Education, Observer Research Foundation, Getty, Russian, Indian Air Force, Air Force, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: India, Ukraine, Russia, China, Pakistan, Eastern, Western, Indian, Siversk, Donetsk Oblast, Anadolu, cyberwarfare, Forbes

☆ This investor, mentored by Peter Lynch, hasn't abandoned the 'Mag 7,' but is placing bets on these mid-caps
▼ + stars: | 2024-04-19 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

It was under the tutelage of legendary investor Peter Lynch that Sullivan developed the edge that has served him in his career. The numbers Today, Sullivan manages the Putnam Investments Core Equity Fund (PMYYX) , a multicap fund with $4.4 billion in assets that he started in 2010. "The numbers are good," Sullivan said. Ultimately, Sullivan said he's learned a lot from other investors, noting the good stock pickers have had "pretty eclectic" approaches that helped them outperform the market over time. "And I found the good fortune over the decades to be around pretty good stock pickers, pretty good money managers."

Persons: Gerard Sullivan, Peter Lynch, Sullivan, Lynch, hadn't, —, Arthur Yeager, PMYYX, Morningstar, It's, Yeager, Tesla, it's, that's, Rajesh Subramaniam, he's, I'm, That's Organizations: Fidelity, Columbia Business School, Magellan Fund, Putnam Investments, Equity, Pacific Gas & Electric, CMS Energy, Companies, Nvidia, FedEx Locations: Brooklyn, U.S, California, Michigan, Pinterest

☆ How climate change could be driving ‘killer’ cold outbreaks in oceans
▼ + stars: | 2024-04-15 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

CNN —It’s not just ocean heat that’s affecting marine life – new research shows extremely cold events are welling up and causing mass mortalities. And the same planet-warming pollution that’s driving the climate crisis is likely to blame for these “killer events” on the other end of the temperature spectrum. The world’s oceans have been plagued by unprecedented heat over the past year, fueling concerns for marine life. “Climate change is actually really complex,” said Nicolas Lubitz, lead author of the study and a researcher at James Cook University in Queensland, Australia. He said seasonal upwelling events are common in that area, with water temperature dropping quickly.

Persons: CNN — It’s, ”, Nicolas Lubitz, “ It’s, Lubitz, “, Ajit Subramaniam, School’s Lamont, it’s, ” Subramaniam Organizations: CNN, welling, James Cook University, East Australian, Columbia Locations: Queensland, Australia, South Africa

☆ China's Xi tells U.S. CEOs that bilateral relations can have a 'brighter future'
▼ + stars: | 2024-03-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

China's President Xi Jinping speaks at an event held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023. Carlos Barria | Afp | Getty ImagesBEIJING — Chinese President Xi Jinping told U.S. executives on Wednesday that bilateral relations can improve, and pledged that Beijing would keep working to improve the business environment. In the Chinese side's readout, Xi described China's economy as "sound and sustainable," and pushed back on some forecasts that the country would soon "peak." The National Committee on U.S.-China Relations did not provide a statement. "I commend [Xi's] personal engagement in the U.S.-China relationship, including a meeting like this.

Persons: Xi Jinping, Carlos Barria, Stephen Schwarzman, Cristiano Amon, Evan G, Greenberg, Harvard's John F, Dean Graham Allison, Craig Allen, Xi, Wang Yi, Zheng Shanjie, Commerce Wang Wentao, Rajesh Subramaniam, Chubb Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, APEC, Afp, Getty, U.S, China -, Blackstone, Qualcomm, Kennedy School of Government, U.S ., China Business, Authorities, National Development, Commerce, FedEx, CNBC, Committee Locations: Asia, San Francisco , California, BEIJING, Beijing, China, United States, U.S

☆ China's Xi meets U.S. executives as businesses navigate bilateral tensions
▼ + stars: | 2024-03-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +8 min

The forum this year coincided with other efforts to attract foreign business. However, a combination of geopolitical tensions, regulatory uncertainty and slower economic growth have made it more challenging for foreign businesses in China. ... foreign companies share the same lack of confidence and worries about an uncertain future that is felt amongst much of China's domestic industry. Looking for economic clarityFor businesses considering China investment plans, the country's near-term growth outlook is another factor. He emphasized China's large market, industrial supply chain, and pointed out how China has worked on issues such as data exports and equal market treatment for foreign businesses.

Persons: Tim Cook, Management Dean Bai Chong, Xi Jinping, Stephen Schwarzman, Cristiano Amon, Mark Carney, Rajesh Subramaniam, Joe Biden, Carlos Gutierrez, Sean Stein, Gutierrez, Biden, Scott Kennedy, Peter Bachmann, Bachmann, Kennedy, Stephen S, Roach, Yale Law School's Paul Tsai, he's, China's, Han Zheng, Amin H, Nasser Organizations: Apple, China Development Forum, Tsinghua University School of Economics, Management, China News Service, Getty, U.S . Blackstone, Qualcomm, Bloomberg, FedEx, China, Cyberspace Administration, U.S, American Chamber of Commerce, of Commerce, Scott, Scott Kennedy Center for Strategic, Studies, China Centre, University of Applied Sciences, Arts Northwestern Switzerland, Center for Strategic, International Studies, Yale Law, Yale Law School's Paul Tsai China, Communist Party, Invest, CNBC, Aramco Locations: China, BEIJING, U.S, San Francisco, Beijing, Shanghai, Washington ,, Saudi

☆ China’s Xi meets American CEOs to boost confidence in world’s second largest economy
▼ + stars: | 2024-03-27 | by ( Laura He | Wayne Chang | ) edition.cnn.com time to read: +3 min

Foreign direct investment in China has slumped in recent months as a combination of slower growth, regulatory crackdowns, onerous national security legislation and questions about the country’s long-term growth prospects have shaken confidence in the world’s second biggest economy. But global investors remain wary of China’s rising scrutiny of Western companies as well as a structural slowdown. In the first two months of 2024, foreign direct investment (FDI) into the country shrank nearly 20% from a year ago, underscoring weak confidence among global executives. Another gauge of FDI — direct investment liabilities — showed a 82% slump in 2023, according to figures released by the State Administration of Foreign Exchange. China has set this year’s economic growth target at around 5%, the same as last year’s.

Persons: Xi Jinping, Cristiano Amon, Raj Subramaniam, Stephen Schwarzman Organizations: Taipei CNN, Qualcomm, FedEx, Blackstone, of, International Monetary Fund, World Bank, China Development, Commerce Ministry, State Administration of Foreign Exchange, American Chamber of Commerce Locations: China, Hong Kong, Taipei, Beijing, United States

☆ FedEx shares tumble 12% after weaker demand hit revenue outlook
▼ + stars: | 2023-12-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

FedEx shares fell 12% Wednesday morning after the package delivery giant cut its revenue forecast as weaker demand hit sales. The company said it expects a low-single-digit decline in revenue for the fiscal year, down from a previous forecast for flat sales year over year. Analysts had expected a revenue drop of less than 1% in the current fiscal year, according to LSEG, formerly known as Refinitiv. The company's Express unit, its largest, was especially challenged in the quarter with lower demand, surcharges and customers shifting to cheaper services, FedEx said. Correction: Revenue was $22.17 billion versus $22.41 billion expected.

Persons: Raj Subramaniam Organizations: FedEx, Analysts, company's, LSEG Revenue, Revenue

☆ Live updates: Israel-Hamas war, truce in Gaza expires, combat operations resumed
▼ + stars: | 2023-12-01 | by ( Tara Subramaniam | Helen Regan | ) edition.cnn.com time to read: +2 min

An Israeli soldier looks on as they operate in Gaza in a handout photo released on Friday. IDF/ReutersAfter a week-long truce between Israel and Hamas expired, the Israel Defense Forces (IDF) are once again “out to destroy” Hamas, according to a spokesperson. "Sleeping Israelis once again woke up to the sound of the red siren of Hamas rockets falling at us once again from Gaza," Spielman told CNN, adding that "there have been multiple rockets" that were intercepted Friday. Asked about the IDF targeting civilian areas in Gaza, Spielman said: “We don’t want to see Gaza civilians die, but Hamas is operating directly from within those areas, and we have to ask ourselves what is the alternative?" Spielman also argued that Hamas was not targeting troops, "they were targeting directly toward civilians."

Persons: Doron Spielman, Spielman, ” Organizations: Reuters, Israel Defense Forces, CNN Locations: Israeli, Gaza, Israel

☆ Kiwi birds born in New Zealand’s capital for first time in over a century
▼ + stars: | 2023-12-01 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +2 min

The two new chicks come just a year after the Capital Kiwi Project reintroduced the country’s iconic national bird to the city of around 400,000 people. The brown kiwi is one of New Zealand’s most common kiwi species, but according to New Zealand’s Department of Conservation, the birds could be extinct in the wild within two generations without adequate conservation and support. Another 18 brown kiwi chicks are expected to hatch as part of the Capital Kiwi Project, which hopes to restore a large-scale wild population of kiwi to New Zealand’s capital. 95% of wild born kiwi in New Zealand are killed before they reach adulthood, according to Save the Kiwi. Where they get hammered is stoats eating the chicks before they get up to their fighting weight,” Capital Kiwi Project team leader Paul Ward told CNN earlier this year.

Persons: Paul Ward, Ward Organizations: Hong Kong CNN, Capital Kiwi Project, New Zealand’s Department of Conservation, Capital Kiwi, Kiwi, New Zealand Department of Conservation, ”, Kiwi Project, CNN Locations: Hong Kong, Wellington, New Zealand, Makara, Wellington’s, Zealand

☆ Live updates: Israel-Hamas war, truce in Gaza extended to seventh day
▼ + stars: | 2023-11-30 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +1 min

Mark Regev speaks to CNN. CNNIsrael will extend the truce for each day that Hamas continues to release 10 “living” hostages, a senior Israeli official reiterated Thursday. “If Hamas continues to release hostages, 10 a day, we will extend the hold — the pause." Israel accepted the current agreement of a humanitarian pause “to get our hostages out, that could be extended each day for a day," he said. “Hamas knows what the parameters of the deal are.”

Persons: Mark Regev, Benjamin Netanyahu, Regev, “, Israel, ” Regev, ” Organizations: CNN, Hamas Locations: CNN Israel, Gaza, Israel

☆ Live updates: Israel-Hamas war, truce extended by two days
▼ + stars: | 2023-11-29 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +1 min

All Philippine nationals impacted by the Israel-Hamas war have been accounted for following the release of a second hostage, according to the country’s president. “With this positive development, I am pleased to inform the nation that all Filipinos affected by the war have been accounted for,” President Ferdinand Marcos Jr wrote in a post on X Wednesday. “Just days after expressing concern for Noralyn Babadilla's whereabouts, I am very happy to announce that Noralyn is safely back in Israel, becoming the second Filipino released from Gaza,” he wrote. The Embassy of the Philippines will “attend to her needs in coordination with Israeli authorities," the president added. Pacheco was released on Friday.

Persons: “, Ferdinand Marcos Jr, ”, Jimmy ” Pacheco, Pacheco Organizations: ” Locations: Philippine, Israel, Gaza, Philippines, Egypt, State, Qatar

☆ Live updates: Israel-Hamas war, Gaza hostage release deal, 4-day truce
▼ + stars: | 2023-11-24 | by ( Tara Subramaniam | ) edition.cnn.com time to read: 1 min

The Israel Defense Forces (IDF) said Friday that it destroyed a number of tunnels in the Al-Shifa Hospital area in Gaza City and completed "operational preparations" ahead of the agreed truce. The Israeli military destroyed "a route of underground tunnels and a number of tunnel shafts in the area of the Shifa Hospital," according to the IDF statement. "The IDF has completed its operational preparations according to the combat lines of the pause." The statement added that Israeli troops had continued to strike targets "over the last day and night" ahead of the truce, without specifying the number of attacks.

Organizations: Israel Defense Forces, Shifa, IDF Locations: Shifa, Gaza City

☆ Live updates: Israel-Hamas war, hostage release deal, 4-day Gaza truce
▼ + stars: | 2023-11-23 | by ( Tara Subramaniam | ) edition.cnn.com time to read: 1 min

Qatar will announce “in the next few hours” when the truce between Israel and Hamas is set to begin, the Qatari Foreign Ministry said Thursday morning local time. A diplomatic source told CNN that the truce is likely to begin Friday, with the earliest time being midnight local time (5 p.m. Previously, the expectation had been that the first releases and the pause in fighting would take place as early as Thursday. The talks on how to implement the hostage deal between Israel and Hamas are ongoing and progressing positively, Qatari Foreign Ministry spokesperson Majed Al Ansari said in a statement posted on X.

Persons: Majed Al Ansari Organizations: Qatari Foreign Ministry, CNN Locations: Qatar, Israel

☆ Live updates: Israel-Hamas war, hostage release deal approved, 4-day Gaza truce
▼ + stars: | 2023-11-22 | by ( Tara Subramaniam | Jessie Yeung | ) edition.cnn.com time to read: +1 min

Youssef Alzanoun/Middle East Images/Getty Images/FileThe number of journalists killed in the Israel-Hamas conflict since October 7 has increased to at least 53, according to the Committee to Protect Journalists (CPJ). The death toll is comprised of 46 Palestinians, four Israelis, and three Lebanese, the CPJ said in a statement Tuesday. The Israeli military said it is reviewing the incident. Presence in the area is dangerous,” the Israeli military added on Tuesday. "CPJ is also investigating numerous unconfirmed reports of other journalists being killed, missing, detained, hurt, or threatened," the statement added.

Persons: Youssef Alzanoun, Al Mayadeen, Richard Allen Greene, Eve Brennan Organizations: Palestine, Protect Journalists Locations: Khan Yunis, Gaza, Israel, Lebanon

☆ Live updates: Israel-Hamas war, Gaza's Al-Shifta Hospital, hostage release talks
▼ + stars: | 2023-11-21 | by ( Tara Subramaniam | ) edition.cnn.com time to read: 1 min

Hamas is “close to reaching a truce agreement” with Israel, Hamas leader Ismail Haniyeh said in a statement posted on Telegram. Haniyeh did not provide additional details about the potential agreement. The Hamas statement supports similar assertions from the White House. National Security Council spokesperson John Kirby said Monday that negotiators are “getting close to the end” on the release of hostages held by Hamas – but he declined to elaborate on the details of a potential deal. Here are the latest developments:

Persons: Ismail Haniyeh, Haniyeh, John Kirby Organizations: House . National Security, CNN Locations: Israel, United States, Gulf, Qatar

☆ Live updates: Israel-Hamas war, Gaza's Al-Shifa Hospital, tunnel videos
▼ + stars: | 2023-11-20 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +2 min

A doctor inside Gaza’s Al-Shifa hospital has spoken to CNN about conditions inside the facility, accusing Israeli forces of pushing around staff and questioning them about Hamas. Israeli forces have been inside the hospital complex for days, looking to uncover what they say is a major Hamas underground base. Appealing for more international support, El Mokhallalati said Israeli forces had only made a single delivery of water and food to the hospital. Some context: Al-Shifa, the largest hospital in Gaza, has become a flashpoint in Israel’s war in the besieged enclave. The Israeli military alleges the facility is being used by Hamas as a shield for its operations and raided the hospital last Wednesday.

Persons: Gaza’s, Dr, Ahmed El Mokhallalati, Helal, El Mokhallalati, ” Organizations: CNN, Maternity, Israel’s Defense Ministry, Hamas Locations: Gaza

☆ First-ever World of Frozen opens at Hong Kong Disneyland
▼ + stars: | 2023-11-20 | by ( Maureen Ohare | Tara Subramaniam | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Elsa, Anna, Olaf and Sven have a new home on a subtropical island in Asia. World of Frozen, Disney’s first-ever themed land dedicated to the “Frozen” media franchise, opened at Hong Kong Disneyland on November 20. Michael Moriarty, managing director of Hong Kong Disneyland, called World of Frozen “the most immersive attraction we’ve ever built.”Hong Kong Disneyland's World of Frozen includes a recreation of the Arendelle Palace and other key elements from the beloved film franchise. Courtesy DisneyHe added that the decision to bring World of Frozen to Hong Kong was influenced by the regional interest in the franchise and the unique natural elements of Lantau Island, where Hong Kong Disneyland is located. Visitors can get to Hong Kong Disneyland by car or via the orange line on Hong Kong’s MTR public transit system.

Persons: Hong Kong CNN — Elsa, Anna, Olaf, Sven, Disney’s, Prince Hans, “, Bob Iger, Disney Imagineers, Elsa, Kristoff, ”, Michael Moriarty, ” Moriarty, Moriarty, Arendelle Organizations: Hong Kong CNN, Hong Kong Disneyland, Disney, Disney Parks, Kong’s Locations: Hong Kong, Asia, Hong, Norway, Arendelle, Olaf, Sunny

Top business leaders in the U.S. meet Chinese President Xi Jinping in San Francisco, California on Nov. 15, 2023. Apple CEO Tim Cook, Tesla chief Elon Musk and Blackrock's Steve Schwarzman were among the guests Wednesday night at a gala reception and dinner in San Francisco for visiting Chinese President Xi Jinping. San Francisco Mayor London Breed also had a spot at the head table. According to the place cards, Cook was seated next to Chinese Minister of Commerce Wang Wentao. Event organizers said Musk attended the VIP reception, but did not stay for the dinner.

Persons: Xi Jinping, Tim Cook, Elon Musk, Steve Schwarzman, Xi's, Joe Biden, Biden, Xi, Marc Benioff, Stan Deal, Raj Subramaniam, Ryan McInerney, Ray Dalio, Albert Bourla, Janow, Larry Fink, Gina Raimondo, Nicholas Burns, Kurt Campbell, San Francisco Mayor London Breed, Cook, of Commerce Wang Wentao, Musk Organizations: Apple, Tesla, U.S ., China Business Council, National Committee, U.S, China Relations, United, Boeing, FedEx, Visa, Bridgewater Associates, Pfizer, Mastercard, BlackRock, Commerce, White House, San Francisco Mayor London, of Commerce Locations: U.S, San Francisco , California, San Francisco, United States, China, White House China

☆ Live updates: Israel-Hamas war, Gaza's Al-Shifa Hospital
▼ + stars: | 2023-11-15 | by ( Tara Subramaniam | Andrew Raine | ) edition.cnn.com time to read: +3 min

The Israeli military said it is conducting a raid inside Gaza’s biggest hospital Al-Shifa as it targets Hamas militants it claims are operating beneath the structure — which the militant group and hospital officials deny. The United States on Tuesday cited intelligence suggesting Hamas has a command node under the hospital, seeming to back Israel’s assertion. What’s happening on the ground: Khaled Abu Samra, a doctor at the hospital, told CNN they were given 30 minutes’ warning before the Israeli operation on the complex began. Khader Al Za’anoun, a journalist inside the hospital, told CNN that Israeli tanks had moved into the hospital complex, and there were gunfire exchanges across the yard. It’s unclear whether there are IDF soldiers inside the hospital buildings, Al Za’anoun said.

Persons: Israel, Hamas’s “, ” Israel, Peter Lerner, Khaled Abu Samra, “, ”, Khader Al Za’anoun, Al Za’anoun, Mai Al, Kaila Organizations: Hamas, CNN, Palestinian, Palestinian Authority, Health Ministry, Israel Locations: Gaza, United States, “, Ramallah, Israel

☆ Live updates: Israel-Hamas war, Gaza crisis, Palestinian death toll
▼ + stars: | 2023-11-14 | by ( Tara Subramaniam | Brad Lendon | ) edition.cnn.com time to read: +1 min

A video has emerged on a Hamas social media channel which claims an Israeli woman held hostage in Gaza has been killed in an Israeli airstrike. The Israel Defense Forces (IDF) said the woman’s family is aware of the video’s existence. Most of the video shows the woman speaking into camera reading a short statement. In a short statement late Monday, the IDF said an army representative had visited the family home to inform them of the video. “Hamas continues to use psychological terror and acts inhumanely, through videos and photos of the hostages, as it has done in the past,” the IDF statement said.

Persons: Al Organizations: Telegram, Brigades, Israel Defense Forces, CNN Locations: Israeli, Gaza

☆ Live updates: Israel-Hamas war, Gaza evacuations, Al-Shifa Hospital
▼ + stars: | 2023-11-13 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +2 min

A premature Palestinian baby lies in an incubator at the maternity ward of Shifa Hospital in Gaza on October 22. Staff at the Al-Shifa hospital were fighting to keep the newborns alive after oxygen supplies ran out and they had to move the babies by hand from the neonatal unit’s incubators to a different part of the hospital. Images show several newborn babies who were taken off incubators at the hospital clustered helplessly together and placed in one bed. Ministry spokesman Dr. Ashraf al-Qidra said the complex was “out of service” after repeatedly being targeted by Israeli fire. Meanwhile, thousands of Palestinians, injured or displaced by Israel’s escalating war against Hamas, have packed its wards, seeking shelter from the seemingly endless barrage of Israeli airstrikes.

Persons: Mohammed Al, Masri, Muhammad Abu Salmiya, Al, Israel’s, Dr, Ashraf al, Qidra Organizations: Shifa, Staff, Hamas, CNN, Al Locations: Gaza, “, Israeli

☆ Live updates: Israel-Hamas war rages as Gaza evacuations continue
▼ + stars: | 2023-11-10 | by ( Tara Subramaniam | Heather Chen | ) edition.cnn.com time to read: +1 min

"We fear for the worst for our colleagues in Gaza,” Phillips-Barrasso said. Aid agencies have repeatedly warned that shortages of vital supplies including water are contributing to the unfolding humanitarian catastrophe in Gaza. Phillips-Barrasso said one person had described waiting nearly 22 hours in a queue to get any sort of drinkable water. One woman, referred to as Nasma, wrote that "at night, we try to guess which room is the safest. My mom insists on sleeping with us even though it is very crowded, so that if we die at night, at least we will die together."

Persons: Kenzo Tribouillard, CNN's Kaitlin Collins, Kate Phillips, Barrasso, ” Phillips, Phillips, Nasma Organizations: Getty Images, Mercy Corps Locations: Gaza, AFP, Israel

☆ The holiday spending outlook is sluggish across thousands of retailers: CNBC Supply Chain Survey
▼ + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAs holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At the CNBC Evolve Global Summit last Thursday, Target CEO Brian Cornell said the company is doubling down on its cautious outlook for the holiday season. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Lunar New Year and order volumes The CNBC Supply Chain Survey underscores an overall climate of uncertainty that is defining the market right now. The freight trucking recession Trucking companies get paid per load, and the low expectations for orders imply potentially lower revenue this holiday season.

Persons: Christopher Dilts, Robinson, Noah Hoffman, Hoffman, Jeremy Barnum, Brian Cornell, Raj Subramaniam, restocking, Kuehne, Nagel, Paul Brashier, Tim Robertson, Robertson, Brian Bourke, Elmer Buchta, Jeff Bezos, Uber, Brashier, Berkshire Hathaway, Alan Baer Organizations: Bloomberg, Getty Images Bloomberg, Getty, CNBC Supply Chain Survey, North American Surface Transportation, CNBC, Global, FedEx, Chain Survey, SEKO Logistics, USA, ITS Logistics, Amazon, Maersk, Logistics, Convoy, Tank Transport, U.S ., Union Pacific, BNSF, Norfolk Southern, CSX Locations: Chicago , Illinois, C.H, U.S, China, United States, Montana, Indiana, Panama, West Coast, U.S . West Coast, Los Angeles, Berkshire, West, East Coast

☆ Fedex CEO warned of 'worldwide recession' a year ago. Here's what he sees now
▼ + stars: | 2023-11-02 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +2 min

In September 2022, amid weak results that punished its stock, Fedex Raj Subramaniam warned that a "worldwide recession" was in the cards. That hasn't happened, but the Fedex CEO isn't exactly backtracking, and says several of the underlying reasons for his pessimistic call remain in place. "Those are three things negative to our industry and that's what I said," Subramaniam told CNBC's Holland. The Fedex CEO stressed that he made his call "early" so the company could get "significantly more efficient" and come out of a slowing global economy in better shape. Fedex shares have outperformed the market and its chief competitor UPS , which is down nearly 20% this year.

Persons: Fedex Raj Subramaniam, Subramaniam, CNBC's Frank Holland, CNBC's Holland, Brian Cornell Organizations: Fedex, CNBC, Walmart, Target, UPS

Paris CNN —Storm Ciarán has brought hurricane-strength winds to France, the Channel Islands and southern England, leaving more than a million people without access to electricity and forcing hundreds of schools to close. Waves crashing on the Phare du Four in Porspoder, western France, on November 2, 2023, as Storm Ciarán reached the region. Fallen trees and electricity pylons uprooted by the storm were to blame for the cuts. A tree brought down by Storm Ciarán overnight blocking the road at Castle Hill on November 2, 2023 in Falmouth, Cornwall, England. Storm Ciarán follows less than two weeks after Storm Babet, which brought strong winds, heavy rainfall and flash flooding to parts of Scotland and northern and central England, killing several people.

Persons: Paris CNN —, Ciarán, Storm Ciarán, Damien Meyer, Enedis, Hugh Hastings, Ben Birchall, Storm Babet, ”, Friederike Otto, Angela Dewan Organizations: Paris CNN, Channel, Getty, French Transport, Clément, Franceinfo, Isles, Islands, Storm, Met, Met Office, Grantham Institute, Imperial College London Locations: France, England, Finistère, Porspoder, Brittany, Clément Beaune, Jersey, Cornwall, English, Castle Hill, Falmouth , Cornwall, Somerset, Scotland

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