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The idea is that the US would require Google to make its Search index publicly available for anyone to use. AdvertisementBots and indexesA Search index is created by a bot crawling the web and collecting keywords and other information from sites. Related storiesGoogle's Search index is the biggest in the world. The Search index as part of the public commonsWouldn't this be taking something that belongs to Google, though? In the same way Bing powers DuckDuckGo, Google's open index could power other rival search engines that could offer different approaches to Google's search engine.
Persons: , It's, wouldn't, it's, Amit Mehta's, Bing, DuckDuckGo Organizations: Service, Justice Department, Business, Google, Rivals, Mobile Virtual Network, Verizon, DOJ
And Gen Zers, as the cohort associated with "quiet quitting" and a job being just a job, are leading the charge. "And then there's about 17% who are actively disengaged, they are unhappy. According to Gallup data this year, millennials and Gen Zers are seeing the biggest drop in engagement. Millennials have dropped seven points, from 39% to 32% being actively engaged, while actively engaged Gen Zers have dropped from 40% to 35%. The percentage of actively disengaged millennials has risen from 12% to 17%, while for Zoomers, it has increased from 13% to 14%.
Persons: Zers, Richard Wahlquist, It's, We've, Wahlquist, millennials, Millennials, Leena Rinne, Rinne, they're, I'm, hasn't, Khyati Sundaram, Sundaram, Gen Zs, Zs, Skillsoft, Organizations: Service, Business, American Staffing Association, Gallup, Skillsoft, BI
ZURICH, Switzerland ꟷ UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession. Global equities saw sharp sell-offs last week as investors digested weak economic data out of the U.S. which raised fears about an economic downturn in the world's largest economy. It also raised questions about whether the Federal Reserve needed to be less hawkish with its monetary policy stance. When asked about the outlook for the U.S. economy, Ermotti said: "Not necessarily a recession, but definitely a slowdown is possible." "The macroeconomic indicators are not clear enough to talk about recessions, and actually, it's probably premature.
Persons: Sergio Ermotti, Ermotti, it's Organizations: UBS, Federal Reserve, CNBC Locations: ZURICH, Switzerland, U.S
U.S. gymnast Jordan Chiles was stripped of her floor exercise bronze medal Sunday by the International Olympic Committee after a scoring inquiry was deemed invalid. Chiles is the only gymnast in history to be stripped of an Olympic medal for reasons other than age falsification or failed drug tests. The bronze medal debacle is the sport's most high-profile controversy since the 2000 Sydney Olympic Games, the site of the biggest scandal in Olympic gymnastics history. Jordan Chiles competes during the Women's Gymnastics Floor Routine final competition at the 2024 Paris Summer Olympics, at the Bercy Arena in Paris, on Aug. 5, 2024. The U.S. women's gymnastics team, which initially finished fourth in 2000, was awarded the bronze medal in 2010 after the Chinese team was disqualified.
Persons: Jordan Chiles, Chiles, Romania's Ana Bărbosu, Svetlana Khorkina, “ I’ve, , Kathy Kelly, Khorkina, Dmitry Lebedev, Andreea, Răducan, Simona Amânar, Raducan, Thomas Bach, Bach, ” Bach, Dong Fangxiao, Fangxiao's, Switzerland’s Fanny Smith, Germany’s Daniela Maier Organizations: International Olympic, Sport, Sydney Olympic Games, ESPN, Bercy, Kommersant, IOC, Swiss Federal Tribunal, Jordan, Beijing Winter Locations: Sydney, Paris, Soviet, Romania, Beijing, U.S
The Murdoch family feud taking place in an obscure Nevada court highlights the state's surging popularity as a global center of family trusts and a friendly home to the world's biggest fortunes. The Western state's fast-growing industry of trust and estate attorneys, trust companies and facilitators keeps a deliberately low profile. Yet experts estimate the state likely has hundreds of billions of dollars in trust assets locked away in nondescript office buildings or trust companies, offering little to no visibility to the outside world. In the race among states to attract the hundreds of billions of dollar in new trust assets, Nevada has a comfortable lead. Perhaps its most powerful advantage, and the one with direct bearing on the Murdoch case, is trust flexibility.
Persons: Rupert Murdoch, Lachlan Murdoch, Drew Angerer, Robert Frank, Murdoch, Steven Oshins, Oshins, Thomas Piketty, Emmanuel Saez, Gabriel Zucman Organizations: News Corp, Fox News, Century Fox, Allen & Company Sun Valley Conference, Getty, IRS, Division Locations: Sun Valley , Idaho, Nevada, South Dakota, Tennessee , Delaware, U.S
U.S. crude oil prices traded close to a three-week high Tuesday, after rallying on Monday in anticipation of an attack by Iran against Israel that could play havoc with Mideast production and transportation. Here are Tuesday's energy prices:"These risks remain low-probability events, which helps explain the modest increase in prices," Gloystein wrote. But prices eased slightly Tuesday as a strike by Iran had not yet materialized. Rob Ginsberg, managing director at Wolfe Research, said U.S. crude could rise above a resistance level of $84 per barrel. "Once out, mid to high $90s isn't crazy," Ginsberg said.
Persons: Henning Gloystein, Gloystein, Rob Ginsberg, Ginsberg Organizations: Eurasia Group, International Energy Agency, OPEC, U.S, Wolfe Research Locations: Iran, Israel, Hormuz, Brazil, Canada, Guyana, China
Short-seller Hindenburg Research made accusations against the head of India's market regulator. It said that the regulator had links to offshore funds also used by the Adani Group. Adani companies lost around $2.43 billion in market value during a share sell-off on Monday. AdvertisementGautam Adani, one of the world's richest men and founder of Adani Group, has suffered yet another setback. This week, fresh accusations by activist short-seller Hindenburg Research led to a heavy share sell-off at Adani's group of companies, wiping off around $2.4 billion in their total market value, according to Reuters.
Persons: , Gautam, Hindenburg Organizations: Hindenburg, Adani, Service, Hindenburg Research, Reuters, Business Locations: New York
watch nowEconomists have said it is difficult to accurately assess the scale of the yen carry trade, with estimates varying widely. Some analysts, using Japan's foreign portfolio investments, say the yen carry trade could total as much as $4 trillion, Reuters reported. "The real Japan strategy is not just a quick carry trade, borrowing at close to zero interest rates in Japan and investing in high yield assets. Analysts at Barclays said systematic selling pressure does not appear to have been exhausted yet and it's "too early" to call an all-clear to the carry trades unwind. We expect volatility to remain elevated, which should continue to hurt EM carry trades," the analysts at Barclays said in a research note published Sunday.
Persons: Kazuhiro Nogi, Richard Kelly, he'd, Kelly, CNBC's, Nogi, Jesper Koll, Koll, What's Organizations: Tokyo Stock Exchange, Afp, Getty, Bank of Japan, TD Securities, Reuters, TS Lombard, Bank of, The Bank of Japan, Federal Reserve, Monex, Barclays Locations: Tokyo, Japan, MEX, Brazil, Bank of Japan, U.S
Trade groups say Chinese electric vehicles pose an "existential threat" to the U.S. auto industry. But faced with a growing preference for hybrids at home and a brutal price war, Chinese automakers want to export more vehicles abroad. "It's hard to process that because we don't see Chinese cars on American roads," said Dunne Insights founder and CEO Michael Dunne. You're going to see Chinese cars all over the place." So how do Chinese EVs stack up?
Persons: Dunne, Michael Dunne, Eunice Yoon Organizations: U.S, Tesla, JATO Dynamics, CNBC Locations: China, Australia, Mexico, Brazil, Israel, South Africa, U.S, CNBC Beijing
Ukrainian servicemen operate a Soviet-made T-72 tank in the Sumy region, near the border with Russia, on August 12, 2024, amid the Russian invasion of Ukraine. Ukraine's President Volodymyr Zelenskyy stated on Sunday that it was designed "to put pressure on the aggressor Russia" and to push "the war into the aggressor's territory." Russian official Alexei Smirnov, the acting governor of the Kursk region, told a solemn-looking Putin via videoconference Monday that Ukraine controlled 28 settlements. Analysts at the Institute for the Study of War said geolocated footage suggests Ukraine controls a higher number of around 40 settlements, as of Monday. Russia caught off guardPresident Putin vowed on Monday a "worthy response" to Ukraine's border raid, just as 11,000 more civilians were evacuated in Kursk's neighboring region Belgorod, due to "enemy activity."
Persons: Roman Pilipey, Vladimir Putin, Volodymyr Zelenskyy, Oleksandr Syrskyi, Alexei Smirnov, Putin, Gavriil Grigorov, Kostiantyn Liberov, Liberov Organizations: Afp, Getty, CNBC, Institute for, Sputnik, Ukrainian, United, Reuters, Russian Ministry of Defense, Russian, Ukrainian Armed Forces, Anadolu, Employees, Russian Emergencies Ministry Locations: Soviet, Sumy, Russia, Ukraine, Roman, Kyiv, Ukrainian, Kursk, Russian, Novo, Ogaryovo, Moscow, Kherson, Kharkiv, Turkey, United Arab Emirates, Kursk's, Belgorod, Kursk Oblast, Oryol
"I always like to say that if you can make a salad, you can make fermented foods because they're on par in complexity," he said. Fortune Business Insights estimates the global probiotics market will be more than $94 billion by 2027, and a small jar of fermented foods from Whole Foods costs around $9. With the health benefits and value-for-money (not to mention the tastiness) that fermented foods provide, there's no reason not to give fermenting a go. SauerkrautTo make sauerkraut, you need cabbage, salt, and any seasonings of your choice, such as herbs and spices, Zilber said. When you add salt to cabbage, which contains lactic acid-producing bacteria, and lightly massage it, the juices start to release, creating a salty brine.
Persons: , David Zilber, Zilber, kombucha —, Sauerkraut, It's, chiles Organizations: Service, Business, Stanford University, Foods, LAB Locations: napa, dill
At the end of [the] 1980s, Japanese companies accounted for like 51% of the global semiconductor market. So by doing this ... one thing undercut Japanese semiconductor chip makers' competitiveness in the global market. Another thing [is] that [it] forced open [the] Japanese semiconductor market to foreign players, and this creates opportunity for the U.S., South Korea and Taiwan. And Japanese companies are trying to both develop their own capacity but also attract phone companies to establish fabs there. So by collaborating with international companies, Japanese companies can leverage their existing technology and manufacturing techniques to expand their global share as well.
Persons: Tom Chitty, Fei Xue, Tom Chitty Well, Arjun, Kharpal Fei, Reagan, Arjun Kharpal, Fei, it's, TSMC, Fei Xue Yes, Rapidus, Arjun Kharpal Fei, they're, there's, ASML, you've, He'd, Tom Chitty Fei, Arjun Arjun Kharpal, Tom, Tom Chitty We'll Organizations: TSMC, Rapidus Corporation, Samsung, Economist Intelligence Unit, Economist Intelligence, The Economist, Economist, East, International Relations, U.S, U.S ., Taiwan Semiconductor Manufacturing, IBM, Apple, EV, Japan, Nvidia, Micron, Sony, Nintendo, Canon, South, Samsung Electronics, Tokyo, Screen Holdings Locations: Japan, Taiwan, U.S, Netherlands, Tokyo, beyondthevalley@cnbc.com, East Asia, Fei Xue Japan, South Korea, Japan's, Kyushu, Kumamoto Prefecture, TSMC, That's, China, Kumamoto
Oil prices ease as markets refocus on demand worries
  + stars: | 2024-08-13 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices edged lower on Tuesday, breaking a five-day streak of gains, as markets refocused on concerns about demand after OPEC on Monday cut its forecast for demand growth in 2024 due to softer expectations in China. Oil prices edged lower on Tuesday, breaking a five-day streak of gains, as markets refocused on concerns about demand after OPEC on Monday cut its forecast for demand growth in 2024 due to softer expectations in China. Global benchmark Brent crude futures dipped 41 cents, or 0.5%, lower to $81.89 a barrel at 0005 GMT. U.S. West Texas Intermediate crude futures fell to $79.63 a barrel, down 43 cents, or 0.5%. Brent had gained more than 3% on Monday, while U.S. crude futures had risen more than 4%.
Persons: Brent, John Kirby, CME's Organizations: Brent, . West Texas, of, Petroleum, White House, Wednesday's, U.S Locations: China, Iran, United States
PARIS — It’s 1:00 a.m. on the banks of the Canal de Saint-Denis and the 2024 Paris Olympics closing ceremony finished an hour ago. But the political and social turmoil France faced before a ghostly metal horse galloped down the Seine has not gone away. French President Emmanuel Macron at the Paris Olympic Games. The French president could easily have been giving his view on France’s immediate political future when discussing the rain-drenched opening ceremony with NBC News. Optimism aside, analysts believe the country faces years of deadlock that could end with a far-right president in 2027.
Persons: Denis, Sara Zinger, Mary Mathurin, France's Leon Marchand, Dar Yasin, Emmanuel Macron, Pascal Le Segretain, Macron, Macron’s, Rainbow Murray, they’ve, Murray, Le Pen, Lady Gaga —, Le, Maxime Jourdan, Marine Le Pen, Charles Platiau, who’s, it’s, Rene Nijhuis, Paris Mayor Anne, Marie Hidalgo, France’s Le, Alain Jocard, Hector Gore Organizations: PARIS, Stade de France, Marine, Paris Olympic, NBC, Queen Mary University of London, Rally, Olympics, Olympic, BSR Agency, Getty, Eiffel, Concorde, triathletes, Paris Mayor, France’s Le Figaro, Metro, Paris Games, French, Square, Games Locations: Saint, Parisian, hipsters, France, Paris, Europe, Seine, Montmartre, AFP
After tearing into each other in the past, the world's richest person and Republican presidential nominee have become close political allies. December 2016: Musk appointed to Trump's advisory councilsDonald Trump on Tuesday escalated his feud with Elon Musk in a series of Truth Social posts belittling the billionaire. May 2022: Musk said he would reinstate Trump's Twitter accountTesla CEO Elon Musk. "You know [Musk] said the other day 'Oh, I've never voted for a Republican,'" Trump said during a Saturday rally in Anchorage, Alaska. AdvertisementJuly 2022: Musk says Trump shouldn't run againElon Musk.
Persons: , Elon, Donald Trump, Trump, Musk, Yasin Ozturk, Hillary, Elon Musk, Evan Vucci, Uber, Travis Kalanick, flack, Alex Brandon, Musk's, Tesla, Justin Sullivan, He's, Thomas Edison, Jonathan Ernst, Chris Saucedo, unban Trump, Patrick T, Fallon, I've, Alexi Rosenfeld, getty, Seth Herald, Twitter, Ron DeSantis, DeSantis, David Sachs, John Moore, Joe Biden, Ohio Sen, JD Vance, Vance, MAGA, Biden, Kamala Harris, Harris Organizations: Service, Trump, Twitter, Business, CNBC, Elon, White, SpaceX, Donald Trump AP, America, Ford, General Motors, NASA's Kennedy Space Center, REUTERS, SXSW, Financial Times, US, Getty, Republican, and Freedom Coalition, White House, Radical Left, Florida Gov, The New York Times, GOP, Times, Republican National Convention, Ohio, Wall Street, Democratic Locations: United States, Paris, Anchorage , Alaska, California, Cape Canaveral , Florida, U.S, Nashville , Tennessee, Musks, Silicon Valley, Mexico, Eagle Pass , Texas, Eagle, , Texas, Washington, Ukraine, Lago, Harris
Tom Cruise does his own stunts and it's remarkable what he's been able to pull off. He also jumped off the roof of the Stade de France to mark the end of the 2024 Paris Olympics. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . He started to do a lot of his own stunts when appearing in action blockbusters like "Top Gun," "Mission: Impossible," and "Minority Report."
Persons: Tom Cruise, he's, Organizations: Stade de France, Service, Business Locations: Hollywood, Norway
A lot of the world's most expensive foods get smuggled, but not always for the same reasons. And some smugglers even say they have legitimate reasons for illegally cashing in. We take a look at six of the world's most expensive foods we've covered and why they are smuggled. This creates a big incentive for smugglers, who are looking for ways to cut corners and cash in. So why are smugglers targeting these foods?
Organizations: Business
Activist involvement is heating up at Starbucks , increasing the likelihood that the coffee chain makes changes necessary to boost its languishing stock price. This one-two punch of activist news is sending shares of Starbucks higher by more than 2% Monday, to nearly $77 each. We upgraded our rating on Starbucks' stock to a buy-equivalent rating last month on hopes that Elliott's presence would lead to positive changes inside the company. Board seats aside, Elliott's exact plan to lift Starbucks' stock is not known. This is not the first time Elliott and Starboard have been in a Club stock at the same time.
Persons: Jeff Smith's, It's, John's, Elliott Management —, Jesse Cohn, Cohn, Satya Nadella, Elliott, Jim Cramer, Jim, That's, Laxman Narasimhan, Wells Fargo, Jim Cramer's, Beata Zawrzel Organizations: Street Journal, Olive Garden, Darden, CNBC, Microsoft, Starbucks, Club, Constellation Brands, Nurphoto, Getty Locations: China, North America, Salesforce, Krakow, Poland
I grew up in Southern California in the 80s and 90s, where my dad introduced my brother, my sister and me to the surprisingly big ice hockey scene there. I went on to be a member of the U.S. Women's Hockey team in 1998, 2002, 2006 and 2010. Watching them, I've thought a lot about what it was like to come back from my own critical injury. With both injuries, I had to go to physical therapy in order to return to hockey. I learned to be emotionally resilientI don't think my trajectory, in sports and in business, would have been possible without the lessons I learned from my physical therapy.
Persons: Simone Biles, Suni Lee, I've Organizations: International Olympic, Athletes ', IOC, Women's Hockey, Harvard, University of Minnesota Locations: Southern California, Paris, U.S, Tokyo
A "Buy Treasury bonds" poster is seen at a bank in Haian, East China's Jiangsu province, Aug 1, 2024. "We remain actively bullish," said a bond fund manager, undeterred by unprecedented government moves to cool the sizzling treasury market and arrest a plunge in yields, which move inversely to prices. Falling yields also complicate the People's Bank of China's (PBOC) efforts to stabilize the weakening yuan. Unlike the West, "China's financial markets, including the bond market, are subject to top-down regulation," said Ryan Yonk, economist with the American Institute for Economic Research. Late on Friday, the central bank said it will gradually increase the purchase and sale of treasury bonds in its open market operations.
Persons: Wang Hongfei, Ryan Yonk, Pan Gongsheng, Kiyong Seong, Tan Yiming Organizations: Bank of China's, American Institute for Economic Research, Societe Generale, Minsheng Securities Locations: Haian, East China's Jiangsu, Beijing, Shanghai, China, Asia
Commodity prices have tumbled over the past month, signaling underlying weakness in the global economy despite the U.S. stock market bouncing back from recession fears. But commodity markets may be telling a different story about the global economy. The Invesco DB Base Metals Fund is down more than 7% over the past month, while crude oil futures dropped 14% from July 5 through Aug. 5. @HG.1 YTD mountain Copper futures, YTD Weakness in China, the world's second-largest economy, is weighing on copper and oil in particular, Melek said. OPEC on Monday lowered its global oil demand growth forecast this year by 135,000 barrels per day as expectations in China have softened.
Persons: Rob Ginsberg, Ginsberg, Bart Melek, DBB @HG, We've, Melek, I'm Organizations: U.S, Investors, Invesco DB Base Metals, Wolfe Research, TD Securities, DBB, Metals, Copper, CNBC, Global, Beijing, European Union, World Trade Organization, Federal Reserve, Securities Locations: U.S, China, Beijing, Jackson Hole , Wyoming
Read previewGina Rinehart has long been one of Australia's richest people thanks to her company Hancock Prospecting, which controls the country's largest iron ore mine. Rinehart has also been highly involved in funding Australian sport — and made headlines following family disputes. When he died in 1992, Rinehart took over Hancock Prospecting and acquired the Roy Hill mine soon after. Paul Morigi/Getty ImagesSports enthusiastRinehart has been called a "godmother" to Australian sport after donating millions of dollars to swimming, rowing, volleyball, and artistic swimming teams in recent years. Rinehart has also been embroiled in court battles with her son John Hancock and daughter Bianca Rinehart over the rights to mining royalties worth billions of dollars.
Persons: , Gina Rinehart, Hancock, She's, Chile's SQM, Rinehart, Queen Elizabeth II, Paul Kane, Lang Hancock, Hill, Paul Morigi, Rinehart's, Rose Porteous, John Hancock, Bianca Rinehart, Vincent Namatjira, Vincent Namatjira's Organizations: Service, Bloomberg, Forbes, Business, University of Sydney, Hancock, House, Australian, Getty, National Gallery of Australia Locations: Perth, Pilbara, Western Australia
AdvertisementWest Coast-based Naval Special Warfare (NSW) operators assemble a combatant rubber raiding craft near the Los Angeles-class fast-attack submarine USS Greeneville (SSN 772). West Coast-based Naval Special Warfare (NSW) operators conduct military dive operations and prepare to board the Los Angeles-class fast-attack submarine USS Greeneville (SSN 772). AdvertisementA West Coast-based Naval Special Warfare (NSW) operator climbs aboard the Los Angeles-class fast-attack submarine USS Greeneville (SSN 772). West Coast-based Naval Special Warfare (NSW) operators maneuver a combatant rubber raiding craft and board the Los Angeles-class fast-attack submarine USS Greeneville (SSN 772). In January, Navy Special Warfare Operator 2nd Class Nathan Gage Ingram showed how seriously SEALs take this when he jumped into the dark waters of the Arabian Sea after his teammate, Navy Special Warfare Operator 1st Class Christopher J.
Persons: , Alex Perlman, Kenneth Douglas, Alex, Blake L, Chaney, We've, GWOT, that's, Alex Smedegard Frogmen, Nathan Gage Ingram, Christopher J, Chambers, frogmen Organizations: Service, Warfare, Navy, Craft, Business, West Coast, Los, Submarine Squadron, Special Warfare, Big Navy, Army Green Berets, Marine Raiders, Recon Marines Locations: China, Russia, Beijing, Moscow, Los Angeles, Greeneville, West Coast, NSW, Angeles, Virginia, Coast, Makin
Sherpas will soon use drones to remove trash from Mount Everest's slopes. Everest's peak has become a massive garbage dump with 50 metric tons of waste annually. Chinese drone manufacturer DJI developed the "heavy lifter" high-altitude drones. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Visitors have left an estimated 50 metric tons of waste on Everest.
Persons: Sherpas, DJI Organizations: Service, Business Locations: Everest's, Nepal
CEO Youtube Susan Wojcicki speaks during the 'What Matters Next' session during the Cannes Lions Festival 2018 on June 19, 2018 in Cannes, France. Former YouTube CEO Susan Wojcicki, who was also one of the most influential early Google employees, has died at the age of 56 according to posts shared online by her husband Dennis Troper and Google CEO Sundar Pichai on Friday night. Wojcicki's husband Dennis Troper wrote on Facebook early Friday night, "It is with profound sadness that I share the news of Susan Wojcicki passing. Pichai confirmed the death and cancer condition in a post on social media Friday, writing that he was "unbelievably saddened" by the loss. During Wojcicki's tenure as YouTube CEO, she oversaw the company's rapid expansion, helping turn it into the largest video platform in the world.
Persons: Susan Wojcicki, Dennis Troper, Sundar Pichai, Wojicki, Wojcicki's, Pichai, Sergey …, Susan, she'd, shepherding, Larry Page, Sergey Brin, Brin, Wojcicki, Google's, Patrick Keane, couldn't, Kim Scott, Neal Mohan, Sheryl Sandberg, @SusanWojcicki, Jeff Dean Organizations: Cannes Lions, YouTube, Facebook, Google, Intel Locations: Cannes, France, Silicon Valley, Park , California
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