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☆ Philippines jeepneys: Will the loud, colorful vehicles soon disappear from the roads?
▼ + stars: | 2024-01-16 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +5 min

For years, jeepney drivers have argued that the cost to transition to cleaner vehicles is out of their reach. Groups representing jeepney drivers have held protests in recent months, with the latest gathering set for Tuesday in the capital Manila. But Mar Valbuena, chairman of transport group Manibela, said police attempted to stall jeepney drivers from joining that protest. Jeepney drivers protesting the modernization plan on December 29, 2023 near Mendiola, Manila. The important thing is that the consolidation is done,” Andy Ortega, head of the Office of Transport Cooperatives, told CNN Philippines.

Persons: Virgin Mary, Mar Valbuena, ” Valbuena, Josefiel Rivera, Valbuena, jeepneys, we’d, ”, Joseph Sabado, Russet Tamayo, Teofilo Guadiz III, Jose Santos, ” Guadiz, “, ” Andy Ortega Organizations: CNN, Department of Transportation, CNN Philippines, Russet, Transportation, Transport Cooperatives Locations: Philippines, Manila, Mendiola

☆ Divide between political elites and the working class is a major risk, Allianz CEO says
▼ + stars: | 2024-01-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Oliver Bäte, chief executive of German insurance group Allianz. Nurphoto | Nurphoto | Getty ImagesA growing detachment between political leaders and populations presents the biggest risk in a busy election year, according to Allianz CEO Oliver Bäte. The Allianz Risk Barometer published this month noted that political risk was already at a five-year high in 2023, with some 100 countries considered at high or extreme risk of civil unrest. This is expected to deepen in 2024, amid continued economic hardship, particularly in "debt-crisis countries." "We have an increasing detachment of the political elite from the working class and the people that actually go to work every day, and that, I see as the number one risk for our societies," Bäte said.

Persons: Oliver Bäte, you've, Emmanuel Macron's, Nahel, Viktor Orbán, Bäte Organizations: Allianz, Nurphoto, Economic, Sweden Democrats Locations: Ukraine, Davos, Switzerland, Netherlands, France, Slovakia, Italy, Hungary, Sweden

☆ Global shipping recession could end as freight rates soar on Red Sea troubles
▼ + stars: | 2024-01-16 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Stringer | Bloomberg | Getty ImagesVessels transiting the Red Sea have faced attacks over the past several weeks from Yemen-based Houthis, prompting shipping companies to change routes, leading to a spike in freight rates. Alan Baer CEO of OL USAVessel-Operating Common Carriers (VOCC) are ocean carriers that own and operate vessels responsible for managing cargo and transporting them. Luis Boza/ | Nurphoto | Getty ImagesWhile the recent spikes in freight rates might not help shippers relive their glory days following the pandemic, they would substantially boost profitability. Brashier noted that both contracted rates for ocean carriers and spot market rates may rise further. Overall, container freight will still [find it] difficult to manage oversupply issue.

Persons: Stringer, Houthi, Alan Baer, Baer, Luis Boza, Nico Luman, Jefferies, Brashier, Daejin Lee Organizations: Bloomberg, Getty, Houthi, U.S, U.S . Central Command, USA, CNBC, Evergreen, Shipping, Logistics, Head, Research, Fertistream Locations: Suez, Egypt, Yemen, South Africa, Gibraltar, Maersk, Lisbon, Portugal, Asia

☆ Saudi Arabia isn’t ruling out befriending Israel. But it may come at a higher price
▼ + stars: | 2024-01-15 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +70 min

Fatima Shbair/AP Mourners collect the bodies of Palestinians killed in an Israeli airstrike in Khan Younis, Gaza, on December 24. Ilia Yefimovich/dpa/picture-alliance/AP Relatives and friends bid farewell to the body of Al Jazeera camera operator Samer Abu Daqqa in Khan Younis, Gaza, on December 16. Mahmud Hams/AFP/Getty Images Israeli soldiers form an honor guard at the funeral of Israeli reserve soldier Master Sgt. Mohammed Saber/EPA-EFE/Shutterstock Children use candles for lighting in Khan Younis, Gaza, on Friday, October 20. Maya Alleruzzo/AP A boy carries salvaged belongings from the wreckage of his family's home in Khan Younis, Gaza, on October 11.

Persons: UAE CNN —, Antony Blinken, ” Blinken, ”, “, “ There’s, ” Prince Khalid bin Bandar, ” Ali Shihabi, Shihabi, Israel, Blinken, Evelyn Hockstein, Benjamin Netanyahu, Joe Biden, Abraham, Biden, Yousef Al Otaiba, Israel “, ” Otaiba, Prince Mohammed bin Salman, Firas Maksad, Abir, Prince Khalid, Maksad, Jamal Khashoggi, ” Maksad, ” Prince Khalid, Isaac Herzog, Oded, Abed Rahim Khatib, Noam Galai, Majdi, Sufian Dagash, Ohad, Abed Zagout, Harel Ittah, Ariel Schalit, Khan Yunis, Stringer, Elisha Yehonatan Lober, Mount Herzl, Maja Hitij, Fatima Shbair, Ahmad Hasaballah, Mohammed Salem, Yaacov Elian, Boris Dunavetski, Amir Levy, Mohammed Abed, Mahmud Hams, Alon Lulu Shamriz, Ilia Yefimovich, Abu Daqqa, Khan, Khan Younis, Ben Shelly, Clodagh Kilcoyne, Eviatar Cohen, Mostafa Alkharouf, Mohammed Dahman, Ibraheem Abu Mustafa, Atef Safadi, Gal Meir Eisenkot, Eisenkot, Gadi Eisenkot, Leo Correa, Alexi Rosenfeld, Alleruzzo, Amir Cohen, Gil Cohen, Menahem Kahana, Sergeant Aschalwu Sama, Tsafrir, John MacDougall, Ahed Tamimi, Nasser Nasser, Viktor, Helena Brodski, Kiril Brodski, Ammar Awad, Jack Guez, Jabel Mukaber, Mahmoud Illean, Alexander Ermochenko, Younis, Mustafa Hassona, Asher, Raz, Doron, Schneider, Jaafar Ashtiyeh, Majed Al, Ansari, Mohammed Hajjar, Said Khatib, Jalaa Marey, Victor R, Liron Snir, James Oatway, Ashraf Amra, Ahmad Gharabli, Rizek Abdeljawad, Major Jamal Abbas, Shir Torem, Alexi J . Rosenfeld, Christopher Furlong, Hatem Ali, Avraham Fetena, Sgt, Raz Abulafia, Fadel Senna, Nasser, Matan Meir, Haitham Imad, Roni Eshel, Eshel, Kenzo Tribouillard, Sadi Berek, Salah al, Varda Goldstein, Nir Oz, Bernat, Tomer Appelbaum, Mohammad Abu Elsebah, Khaled Ibn Al, Walid, Ya'akov Ozeri, Ronen Zvulun, Mohammed Alaloul, Neil Hall, Saeed Jaras, Mohammad Abu Hattab, Mohammed Talatene, Ditza Heiman, Salman Habaka, Yuval Zilber, Jalaa Merey, Ahmad Salem, Ali Jadallah, Anas al, Yosef Vahav, Kiryat Shmona, Albert Miles, Ilan Rosenberg, Manna, Tamar Chaya Torpiashvili, Abed Khaled, Tamir Kalifa, Yoav Gallant, Jehad Al, Kafarnah, Teddy, Dan Kitwood, Dima Vazinovich, Sagiv Ben Zvi, Omar El, Yasser Qudih, Francisco Seco, Mohammed Saber, Ali Mohmoud, Mai Yaghi, Yam Goldstein, Nadav, Khaled Joudeh, Samar Abu, Leon Neal, Hatem Moussa, Wolfgang Schwan, Yousef Masoud, Shadi Tabatibi, Belal al Sabbagh, Janis Laizans, Gallant, Ofir Libstein, Aza, Belal Khaled, Hod, Ayal Margolin, Brendan Smialowski, Netanyahu, Kenny Holston, Kfar Aza, Mahmoud Khaled, Dor Reder, Violeta Santos Moura, Mohammed Fayq Abu Mostafa, Antonio Macías, Macías, Eli Albag, Liri, Sergey Ponomarev, Dor Kedmi, Saher, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Ibrahim Hams, Bashar Taleb, Baz Ratner, Yahya Hassouna, Mapal Adam, Agha, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, CNN Sergey Ponomarev, Eden Guez, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Ilai Bar Sade, Erik Marmor, Oren Ziv, Ramez Mahmoud, Roi Levy, Tali Touito, Ahmad Hasballah, Eyad Baba, Itai Ron, Hadas Parush, Lana Nusseibeh, “ That’s, Abu Dhabi, Anwar Gargash, ” Gargash Organizations: UAE CNN, Hamas, BBC, CNN, Palestinian, West Bank, Reuters, United Arab, Abraham Accords, Israel, UAE, Arab League, Saudi, Fox News, Washington Institute for Near East, Middle East Institute, Israeli, Getty, of Health, Congressional, Republicans, United Nations Security, AP, European Hospital, Mount, Rockets, UN, Anadolu, Museum of Art, Security, Nova, Magen, Getty Images, Kiryat, Islamic Jihad, Red, Tel, Tel Aviv Sourasky Medical, Young, AP People, Schneider Children's Medical, Sisters, Schneider Children's, Ofer, Cross, Foreign, Artillery, Aqsa Martyrs Hospital, Al, Unicef, AP Journalists, Israel Defense Forces, Modern, Nasser Hospital, Nasser Medical, Najjar, Israel Defence Forces handout, Shutterstock, Reuters United Nations, Shifa, Palestine, Pictures, Bloomberg, Israeli Apache, United Nations Relief, Works Agency, Al Aqsa Martyrs Hospital, IDF, EyePress, New York Times, Nasser Medical Hospital, Deir Al, Tel Aviv University, Reuters Civil, AP Rockets, AP Israel's, Regional, Israel's, Ahli Baptist Hospital, Ben Gurion International, Aris Messinis, Haim, Puma, Mount Herzl Military, Anadolu Agency, Nova Festival, Ben Gurion, United Nations, Reuters Police, Reuters Rockets, Wall, Shihabi Locations: Abu Dhabi, UAE, Israel, Saudi Arabia, Riyadh, Saudi, United Kingdom, Gaza, United States, ”, Palestinian, East Jerusalem, Al Ula, Reuters Israeli, United Arab Emirates, Bahrain, Morocco, Sudan, Washington , DC, Jerusalem, Abir Sultan, AFP, Turkey, Gulf, Tel Aviv, Israeli, Rafah, Maghar, Anadolu, Netanya, Khan, Khan Younis, Shaul, Shefayim, Jazeera, Kidron, Kfar Saba, Nahal Oz, Herzliya, Ashkelon, Petah Tikva, Ramallah, Egypt, Ofakim, Jabel, Khezaa, Gazan, Sisters Aviv, Beitunia, Gaza City, Galilee, Lebanon, Al, Aqsa, Al Bureij, Deir Al Balah, Xinhua, Pekiin, Mavki'im, Haifa, Sderot, Beit Hashmonai, Europe, Rishpon, Odem, Gaza's Al, Deir Al, Balah, Bureij, Kfar Aza, Meron, Jerusalem's, City, Jerusalem's Old City, Deir Balah, Mahmud, Southern Israel, Yanuh Jat, Netaim, Golan Heights, Shareef, Beit Guvrin, Kiryat, Al Aqsa, Kibbutz Be'eri, Ashdod, Holon, Najjar, Ichilov, Kibbutz Shefayim, Deir, Samar, Samar Abu Elouf, Deir al, Kibbutz Kissufim, Zahra City, Ras, Israel's, Yehuda, Hod HaSharon, Kiryat Shmona, Ahli, Gan, Kfar, North Sinai, Beit Kama, Cyprus, Be'eri, Rehovot, Mount Herzl, Modiin Maccabim, Mount Herzel, Yassin, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, Dhabi, Dubai, Al Arabiya

☆ I grew up always wanting to drive my own car. But I'm from the world's most expensive city to live in, and now I know I never will.
▼ + stars: | 2024-01-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +12 min

AdvertisementFor car buyers, the COE is an extra cost that can easily eclipse the actual price of a car. These BMW family cars cost around $103,000 in 2017. COE prices went up to $67,000 that year for lower-end cars, despite more than 13,000 certificates being made available. On Thursday, COE prices for lower-end cars fell to about $48,000, a steep drop that shocked the market. Meanwhile, while unpopular, Singapore's COE prices are working for now.

Persons: —, Mikel Bilbao, Edgar Su, Reuters They've, EDGAR SU, Walter Theseira, Theseira, Singapore's, We've, ROSLAN RAHMAN, we've, Aditya Irawan, it's, they're, Benjamin Loo Organizations: Service, Volvo, Volkswagen, Hyundai, VW, Getty, COE, BMW, Reuters, Toyota Corolla, Singapore University of Social Sciences, ROSLAN RAHMAN Singapore, Yokohama JR Line, The New York Times, Uber, Temasek Holdings, CarTimes, Straits Times Locations: Singapore, European, New York City, Tokyo, Yokohama, New York, Asia, Jakarta, Bangkok, Kuala Lumpur

☆ Ange Postecoglou: How Australian coach is transforming his club and winning the hearts of soccer fans
▼ + stars: | 2024-01-14 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +10 min

However, the top flight of English soccer had never seen an Australian manager in its 31-year history – that is until the arrival of Ange Postecoglou. Ian MacNicol/Getty ImagesThe Australian was greeted with a similar reception when he was hired by London club Tottenham in the summer of 2023. “He’s inspired Australian football and inspired Australian football coaches,” Dr. Craig Duncan, one of the nation’s leading sports scientists who worked with Postecoglou during his tenure with the Socceroos – the Australian national team – told CNN Sport. So much so that, according to Duncan, many Australian football fans he has spoken to will immediately check the score of Tottenham’s matches when they wake up. “This isn’t about us playing good football, it’s about us winning games of football,” Postecoglou told reporters after a recent 2-1 defeat by West Ham.

Persons: Ange Postecoglou, Postecoglou, Callum McGregor, Ian MacNicol, “ We’ve, “ He’s, ” Dr, Craig Duncan, –, Duncan, ” Postecoglou, “, Postecoglou’s, Craig Foster, Foster, unemployable ”, Ryan Pierse, Postecoglou's, ” Duncan, Spurs, Antonio Conte’s, you’re, ”, Anusak, “ Ricky Sacks, Sacks, Pedro Porro, Yves Bissouma, Pape Matar Sarr, ’, Mauricio Pochettino, Pochettino, José Mourinho, Nuno Espírito Santo, Conte, Harry Kane, Son Heung, he’s Organizations: CNN, Premier League, Spain’s Basque, Australian’s Premier League, Tottenham Hotspur, Scottish, Celtic, Glasgow, Scottish Premier League, London, Tottenham, Spurs, Socceroos –, Australian, CNN Sport, BBC Sport, Sky Sports, South Melbourne FC, FIFA, Australia, Panachaiki, Brisbane Roar, Roar, Melbourne Victory, Socceroos, Brisbane, Melbourne, Marinos, Tottenham Hotspur “, ” Spurs, ‘, Champions League, Bayern Munich, Spurs ’ Locations: Argentinians, Australia, Greece, Japan, Australian, Postecoglou, Athens, Victoria, Brazil, South Melbourne, Yokohama, Scotland, North London, West Ham, London

But as with many popular winter ski destinations right now, this resort town in Indian-administered Kashmir is facing a snow shortage due to unseasonably dry weather, disappointing both travelers and tourism operators. Tauseef Mustafa/AFP/Getty ImagesDespite the lack of snow, a staff member of the Gulmarg Ski Resort reached by phone who did not wish to be named told CNN Travel their hotels have been experiencing very high occupancy rates in recent days. This is definitely affecting the tourism sector.”Tourists learn to ski on a gentle Gulmarg slope in February 2021. “What would they do here without the snow?”‘The demand is still there’Tourists visit the Gulmarg Ski Resort on January 10, 2024. So the loss of snow (will also be) compensated.”Yaqoob notes that the snowfall season in Gulmarg is traditionally from November to February-March.

Persons: Tauseef Mustafa, Asif Ahmad Bhat, “, ”, ’ Bhat, Sahil Ahmed Lone, Yawar Nazir, he’s, Lone, they’ve, Nasir Kachroo, Gulmarg –, Raja, it’s Organizations: CNN, CNN Travel, ”, El Nino Locations: Gulmarg, Indian, Kashmir, Srinagar, India, Pakistan, AFP, “, Leh, Ladakh, Uttarakhand

☆ Iran's new jet-powered exploding drones in Russian hands could put even more stress on Ukraine's best air defenses
▼ + stars: | 2024-01-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

Russia is suspected of having used a new Iranian exploding drone in Ukraine, though it's not confirmed. The weapon, Iran's jet-powered Shahed-238, is believed to offer a speed boost over the Shahed-136 loitering munition. With these new drones, Moscow could create more headaches for Ukraine's air defenses, experts say. Remain of a Russian-made Shahed 136 at an exhibition on May 12, 2023 in Kyiv, Ukraine. Bendett said Iran will likely be taking notes on how its drones are used on the battlefield in Ukraine.

Persons: it's, —, hWuxfEUzSV, lY3Js7yPH4, 🐈🇺, Ma, sy Organizations: Service, Kyiv Post, Zone, Business Locations: Russia, Iranian, Ukraine, Moscow, Iran, Tehran, Russian, Kyiv, Kherson, Ky

☆ What will it cost you to buy a bitcoin ETF? Here are the cheapest and most expensive funds
▼ + stars: | 2024-01-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The Bitwise Bitcoin ETF (BITB) has the lowest expense ratio of all the new bitcoin funds, at 0.20%. Several other funds are close behind, including the Ark 21Shares Bitcoin ETF (ARKB) at 0.21% and the iShares Bitcoin Trust (IBIT) at 0.25%. Other proposed funds have similar waivers, meaning early adopters of the bitcoin ETFs will have little or zero management cost for a brief time. Bitcoin ETF fee comparison Fund Ticker Fee Bitwise Bitcoin ETF BITB 0.20%* Ark 21Shares Bitcoin ETF ARKB 0.21%* Fidelity Wise Origin Bitcoin Fund FBTC 0.25%* iShares Bitcoin Trust IBIT 0.25%* Valkyrie Bitcoin Fund BRRR 0.25%* VanEck Bitcoin Trust HODL 0.25% Franklin Bitcoin ETF EZBC 0.29% WisdomTree Bitcoin Fund BTCW 0.30%* Invesco Galaxy Bitcoin ETF BTCO 0.39%* Hashdex Bitcoin ETF DEFI 0.94% Grayscale Bitcoin Trust GBTC 1.5%Source: SEC filings; * indicates temporary waiver for part or all of the management feeThe fees for bitcoin funds are higher than many broad stock index funds, with the SPDR S&P 500 ETF Trust (SPY) charging less than 0.10%. For example, Ark-21Shares, Valkyrie, Invesco-Galaxy and others had shown higher fees initially but lowered them in subsequent filings.

Persons: Jonathan Raa, Bitwise, Bryan Armour Organizations: Nurphoto, Franklin, SEC, Trust, United States Oil Fund, Fund, North America, Morningstar

☆ Indonesians head to the polls in February. Here are key issues dominating the elections
▼ + stars: | 2024-01-04 | by ( Randy Mulyanto | ) www.cnbc.com time to read: +6 min

Indonesia is preparing to hold general elections for president and vice president for the 2024-2029 period in February 2024. The world's third-largest democracy will open its polls to over 204 million eligible voters casting their ballots, according to its General Elections Commission. While having greater opposition representation in Indonesia's parliament could raise the bar for passing such laws, Titi said there's still a very high barrier to entry for the candidacy process. According to Freedom House's Freedom in the World 2023 report, Indonesia ranked "partly free," scoring 58 out of 100. But for some Indonesians, the cozier relationship has also sparked debt-trap fears and concerns about an influx of Chinese workers.

Persons: Anies Baswedan, Prabowo Subianto, Ganjar, Aditya Irawan, Joko, Widodo, Gibran Rakabuming Raka, Muhaimin Iskandar, Ganjar Pranowo, Prabowo, Gibran, Anies, Titi Anggraini, Titi, there's, Indonesia's, Singapore's ISEAS — Yusof, Lina Alexandra Organizations: Nurphoto, Getty, JAKARTA —, Commission, Solo, National Awakening Party, Central Java, Politik, Nusantara, Association for Elections, Democracy, CNBC, Constitutional, House's, Institute, Indonesia's, of Economic, Law Studies, Initiative, Strategic, International Studies, Hamas, Lowy Institute Locations: Jakarta, Indonesia, JAKARTA, JAKARTA — Indonesia, Central, Politik Indonesia, Nusantara, Borneo, China, Beijing, Southeast Asia, Southeast, Israel, Australian

☆ Harvard's president resigning means more drama for other universities
▼ + stars: | 2024-01-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the resignation of another Ivy League president and the knock-on effect it'll have on education in the US. The big storyIvy League issuesBrian Snyder/ReutersClaudine Gay's tenure as Harvard president wasn't long, but it won't be forgotten. Alan Garber, Harvard's provost and chief academic officer, will serve as interim president, the school's board announced. Gay is the second Ivy League president to step down in less than a month, following in the footsteps of former Penn president Elizabeth Magill. Harvard president Claudine Gay Kevin Dietsch/Getty ImagesGay and Magill's departures highlight the tension between businesses and prestigious universities and the former's influence over the latter.

Persons: —, Bob Marley, John Wick, Brian Snyder, Claudine Gay's, wasn't, Gay, Alan Garber, Harvard's, Elizabeth Magill, Magill, Sally Kornbluth, Bill Ackman, Claudine Gay Kevin Dietsch, Business Insider's Paul Squire, Lucas Jackson, Tesla, Goldman, Tyler Le, it's, Warren Buffett, Greta Thunberg, Florence Pugh, Mel Gibson, J.R.R, Tolkien, Eli Manning, Max Willcocks, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb, Hayley Hudson, Lisa Ryan Organizations: Service, Ivy League, Business, Harvard, Ivy, Penn, Gay, MIT, GOP, Big Tech, Apple, Microsoft, Nvidia, Meta, Boston Consulting Group, Cushman & Wakefield, LinkedIn, SAP, Verizon Consumer Group, EV, Elon, Jiji Press, Japan Airlines, New York Locations: China, Jisoo, New York, San Diego, London, Edinburgh

☆ Cabbing in Italy can be a gnarly affair. Here’s how to navigate it
▼ + stars: | 2023-12-27 | by ( Clement Tan | Jonathan Delise | ) www.cnbc.com time to read: +4 min

I knew something was amiss when the taxi meter read 10.50 euros as we pulled away from the Roma Termini train station. Some travel sites suggest there's an additional 2 euro surcharge for all taxi rides from Roma Termini, although that information is not listed on official sites. Before arriving in Italy, download taxi hailing apps associated with the major Italian taxi companies, such as ItTaxi, FreeNow and Free Taxi. The event took place on Nov. 9, 2023, in Rome, Italy. Do your researchLearn to recognize official white cabs and the various city emblems, and where taxi drivers post their taxi licenses and vehicle registration numbers.

Persons: Milan —, Roberto Gualtieri, Eugenio Patane, Claudia Gualdi, Francesca Volpi, Aurelian, Gabriel Bouys Organizations: Taxi, Mayor, Mobility, Nurphoto, Getty, Bloomberg, Fiumicino Airport, AFP Locations: Roma, Italy, Trastevere, Rome, Piazza del, Riskline, Duomo, Milan, Florence

☆ Big M&A and Bob Iger's future: 13 media executives make their anonymous 2024 predictions
▼ + stars: | 2023-12-20 | by ( Alex Sherman | ) www.cnbc.com time to read: +14 min

Executive 2: Bob Iger will, again, extend his contract as Disney CEO Earlier this year, Disney CEO Bob Iger renewed his contract through 2026. This executive predicted "fool me five times, shame on me." This executive predicted Peltz and Rasulo will win their campaign and both join the board. This person predicted Disney would purchase privately held Candle Media to acquire Moonbug Entertainment, the owner of CoComelon. This executive predicted Yaccarino would either lose patience or find her job increasingly pointless and leave the company in 2024.

Persons: Andrew Ross Sorkin, Walt Disney Company Bob Iger, Michael M, David Zaslav, Slaven Vlasic, NBCUniversal, Brian Roberts, Roberts, Donna Langley, Bob Iger, Iger, Nelson Peltz, Jay Rasulo, Marco Bello, Peltz, Rasulo, Disney's, Dana Walden, Dana Walden Jason Laveris, Disney Entertainment Dana Walden, Walden, Bob Chapek, Andrew Wilson, Wilson, Chris Licht wouldn't, McCarthy, Andrew Wilson Michael Newberg, Kevin Mayer, Mayer, Bryan van der Beek, Tom Staggs, Staggs, Jayson Tatum, Kyle Terada, NBCUniversal's Peacock, Alec Martinez, Gray, Discovery's Max, Jeff Zucker, Lady Michelle Obama's, Michelle Obamas, Cheriss, Gerry Cardinale, Jeff Shell, RedBird, Shari Redstone's, David Ellison, Byron Trott, Zucker, Mark Thompson, Linda Yaccarino, X Linda Yaccarino, Vox, Jerod Harris, Yaccarino, CNBC's Julia Boorstin, Boorstin, Elon Musk's, Jason LaVeris, Barbie, Mario, Oppenheimer, LightShed's Greenfield Organizations: Walt Disney Company, New York Times, Santiago, Getty, Jazz, Lincoln Center, Warner Bros ., Comcast, Warner Bros, Discovery, Disney, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Filmmagic, Disney Entertainment, Electronic Arts, CNBC, Candle Media, Iger, Media, Moonbug Entertainment, Apple Boston Celtics, Golden State Warriors, USA, National Basketball Association, NBA, Apple, The College, ESPN, College, NHL, MLB, Vegas Golden Knights, Florida Panthers, Mobile, National Hockey League, Diamond Sports Group, Scripps, Gray Television, Las Vegas Golden Knights, Arizona Coyotes, Phoenix Suns, Street Journal, Netflix, Hulu, Max, Paramount, RedBird, Paramount Global, CNN Worldwide, CNN, NurPhoto, BDT, The Ritz, Carlton, FilmMagic, Mario Bros Locations: New York City, Disney, Miami , Florida, Las Vegas , Nevada, Laguna Niguel, Dana Point , California

☆ U.S. has failed the Palestinian people, officials say after vetoed UN vote for Gaza Strip cease-fire
▼ + stars: | 2023-12-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +5 min

(Photo by Majdi Fathi/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty ImagesPalestinian officials expressed resounding disappointment after the United States vetoed a United Nations resolution calling for an immediate humanitarian cease-fire in Gaza. Yuki Iwamura | AFP | Getty ImagesThe U.S. on Friday vetoed a U.N. Security Council draft resolution that was backed by 13 Security Council members, while the United Kingdom abstained. The vote came about after U.N. Secretary-General Antonio Guterres invoked Article 99 of the U.N. charter to coalesce the 15-nation council to address the crisis in the Gaza Strip. Mohammad Shtayyeh, prime minister of the Palestinian Authority, echoed the disappointment on Sunday, describing the result as "sad" and a "shame." The internationally recognized Palestinian Authority administered the Gaza enclave before the shock win of Hamas in the elections of 2006.

Persons: Majdi Fathi, United Kingdom Husam Zomlot, CNBC's Dan Murphy, White, John Kirby, Israel, Kirby, Antonio Guterres, Yuki Iwamura, Mohammad Shtayyeh, it's, that's, Joe Biden, Benjamin Netanyahu, Antony Blinken, Brendan Smialowski, Israel —, Robert Wood Organizations: Hamas, Getty, Nurphoto, United, Doha Forum, CNBC, Air Force, Reuters, UN, United Nations Security, AFP, Security, Palestinian Authority, West Bank, Chatham House's, U.S ., Gaza, Palestinian, U.S, Afp, Israel Defense Forces Locations: Jaffa, Deir el, Gaza, Israel, United Nations, U.S, United Kingdom, Qatar, Lebanon, Washington, Lebanese, New York City, United, Vakil, Chatham, East North Africa, Doha, liaise, Tel Aviv, Palestine

☆ Robinhood launches crypto trading service in the EU
▼ + stars: | 2023-12-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Robinhood said its new crypto product would allow customers to buy, sell, and hold from a range of more than 25 tokens, including bitcoin, ether, ripple, cardano, solana, and polkadot. The company hopes to offer more tokens, as well as the ability to transfer and "stake," or earn rewards from, crypto in 2024. Robinhood is looking to tempt EU users into using its service with the ability to earn free bitcoin for users who trade lots and refer the app to their friends. The U.S. Securities and Exchange Commission has targeted several crypto firms, including Coinbase and Binance, with lawsuits alleging they violated securities laws. The EU, meanwhile, has proposed a comprehensive set of regulation, called the Markets in Crypto-Assets regulation, that would bring in stricter rules for crypto trading platforms and issuers of so-called stablecoins — tokens pegged to real-world assets like the U.S. dollar or euro .

Persons: Jakub Porzycki, Robinhood Organizations: Getty, European Union, U.S . Securities, Exchange Commission, U.S . Locations: Krakow, Poland, United States, solana, U.S, U.K, EU, Crypto

☆ Nvidia to develop new chips that comply with U.S. export regulations
▼ + stars: | 2023-12-06 | by ( ) www.cnbc.com time to read: +1 min

Nvidia logo displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Nvidia will continue to develop a new set of products that comply with U.S. government regulations involving exports of high-end chips to China, its CEO Jensen Huang said on Wednesday. "Nvidia has been working very closely with the U.S. government to create products that comply with its regulations," Huang told reporters in Singapore at a news conference. "Our plan now is to continue to work with the government to come up with a new set of products that comply with the new regulations that have certain limits." Huang also said on Wednesday the company was in talks with Singapore about potential big investments.

Persons: Jakub Porzycki, Jensen Huang, Huang Organizations: Nvidia, Getty, U.S, Reuters Locations: Krakow, Poland, China, California, Singapore

☆ McDonald's investor day is Wednesday. Expect to hear about expansion, tech and China
▼ + stars: | 2023-12-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +5 min

The company also projected mid-single-digit sales growth in 2021 and 2022. McDonalds is a multinational fast food chain with thousands or restaurants over the world with headquarters in Chicago Illinois. It is the world's largest fast food restaurant chain famous for the burgers and fries. While the U.S. may seem saturated with McDonald's locations, executives have said that its current footprint doesn't reflect where consumers currently live, including the shift to the South and Southeast. Some McDonald's locations have also tested using artificial intelligence to take drive-thru orders.

Persons: Luke Sharrett, McDonald's, aren't, Chris Kempczinski, Nicolas Economou, remodels, Kempczinski Organizations: McDonald's Corp, Bloomberg, Getty, Wall Street, McDonalds, Nurphoto, Technology Locations: Louisville , Kentucky, U.S, New York City, USA, Chicago Illinois, Manhattan , New York, Texas, Canada, Germany, Australia, France, China

☆ Piper Sandler champions Nvidia's opportunity beyond AI chips — underscoring our post-earnings analysis
▼ + stars: | 2023-12-04 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

Piper Sandler reiterated its buy-equivalent rating on Nvidia's stock and $620 per-share price target, which implies nearly 33% upside from its Friday close. After Nvidia's more-than-200% stock-price gain this year, investors are wondering what's "new" about Nvidia, Jim Cramer said Monday. The answer to that question is software, Jim said, which could eventually help offset the historically boom-and-bust nature of semiconductor sales. Over time, though, Piper Sandler believes software can become a "significant portion" of Nvidia's total revenue. Despite our alignment with Piper Sandler on Nvidia's long-term software opportunity, Jim on Monday cautioned that its stock could be due for a breather.

Persons: Piper Sandler, Nvidia's, Jim Cramer, Jim, Jim Cramer's Organizations: Nvidia, Devices, AMD, Software, Enterprise, Club, Apple, CNBC, Visitors, NVIDIA, Hangzhou Apsara, Getty, Nurphoto Locations: Hangzhou, Hangzhou Apsara Conference, Zhejiang province, China

☆ Evergrande shares rise over 9% as court hearing to wind up property firm is postponed again
▼ + stars: | 2023-12-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

NANJING, CHINA - AUGUST 18, 2023 - Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 18, 2023. The firm was originally scheduled to face a Hong Kong court hearing on Monday over a petition from a creditor seeking to wind up the company. Shares of Evergrande Group rose over 9% as the beleaguered Chinese property firm's court hearing over its possible liquidation was postponed to Jan. 29, 2024. Top Shine, an investor in Evergrande unit Fangchebao, had filed a petition in June 2022 seeking to wind up the property firm. The agency, however, reported that creditors were unlikely to accept Evergrande's new proposal, given low recovery prospects and growing concerns about its future.

Persons: Linda Chan Organizations: Getty, Hong, Bloomberg, Reuters, Hong Kong, Evergrande, New Energy Vehicle Group Locations: NANJING, CHINA, Evergrande, Nanjing, East China's Jiangsu, Hong Kong, Hong Kong's

☆ This tiny country drove 15% of Nvidia's revenue – here's why it needs so many chips
▼ + stars: | 2023-12-01 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

About 15% or $2.7 billion of Nvidia's revenue for the quarter ended October came from Singapore, a U.S. Securities and Exchange Commission filing showed. Revenue coming from Singapore in the third quarter jumped 404.1% from the $562 million in revenue recorded in the same period a year ago. Singapore only trailed behind the U.S. (34.77%,) Taiwan (23.91%) and China including Hong Kong (22.24%) in Nvidia's third-quarter sales rankings. "I would highly think it's due to data centers as Singapore has quite a lot of data centers and cloud service providers," Maybank Securities analyst Jarick Seet told CNBC. Building data centers, of course!," said Sang Shin, an ex-Temasek and GIC executive, in a LinkedIn post.

Persons: Jakub Porzycki, Jarick Seet, Sang Shin, Shin Organizations: Getty, Nvidia, U.S . Securities, Exchange Commission, Maybank Securities, CNBC, Temasek, GIC Locations: Krakow, Poland, U.S, Singapore, Taiwan, China, Hong Kong, Nvidia's, GIC

☆ Euro zone inflation sinks to 2.4%, below expectations
▼ + stars: | 2023-11-30 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

(Photo by Ying Tang/NurPhoto via Getty Images)Annual inflation in the euro zone cooled to 2.4% in November from 2.9% in October, flash figures showed Thursday. Inflation in the euro zone's largest economies, Germany and France, has dropped to 2.3% and 3.8%, respectively. ECB officials have repeatedly stressed that it is too early to declare victory over price rises in the 20-member euro zone bloc, as they monitor potential pressures from wage increases and energy markets. Separate data released by statistics agency Eurostat on Thursday showed that unemployment in the euro area remained at a record low of 6.5% in October, despite a contraction in the euro zone economy in the third quarter. "For the ECB, signs of an imminent victory on inflation are mounting," Bert Colijn, senior euro zone economist at ING, said in a note, adding that some of the impact from existing monetary tightening was yet to be felt.

Persons: Ying Tang, —, Mathieu Savary, Bert Colijn Organizations: Aachen, Getty, Reuters, European Central Bank, Energy, ECB, BCA Research, Eurostat, ING Locations: Aachen, Germany, France, European

☆ A year after ChatGPT’s release, the AI revolution is just beginning
▼ + stars: | 2023-11-30 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +11 min

Seemingly overnight, the user-friendly generative AI technology enraptured the globe. It also promised to revolutionize the future of white-collar work — so long as it didn’t cause an AI apocalypse in the process. ‘The world woke up to the AI revolution’And one year since ChatGPT’s public release, the fervor around AI is still at a fever pitch. And AI’s long-prophesied impacts to the labor market is also beginning to emerge, both inside and outside the tech industry. “Many, many, many jobs that are currently done by humans, AI will be able to do,” said Clune, the AI researcher at the University of British Columbia.

Persons: New York CNN —, Sam Altman, ChatGPT, ” Jeff Clune, hasn’t, ” Clune, ”, OpenAI’s, Jakub Porzycki, Suresh Venkatasubramanian, ” Venkatasubramanian, “ It’s, it’s, Venkatasubramanian, Clune, we’re, ChatGPT’s, OpenAI, David Paul Morris, “, CNN’s Kara Swisher, Altman, —, ” Altman Organizations: New, New York CNN, Big Tech, Tech, University of British, CNN, ChatGPT’s, Brown University, Economic Cooperation, Bloomberg, Getty, Microsoft — Locations: New York, University of British Columbia, Krakow, Poland, OpenAI, Asia, San Francisco , California

☆ The top 10 most popular podcasts of 2023, according to Apple
▼ + stars: | 2023-11-29 | by ( Haley Tenore | ) www.businessinsider.com time to read: +8 min

Apple has released a list of the 10 most popular podcasts of 2023. Apple shared a roundup on Tuesday of the most popular podcasts of 2023. But today, we will be focusing on the top 10 podcasts overall, according to Apple. Denise Truscello"Stuff You Should Know" will, according to Apple Podcasts, teach you everything you need to know about science, history, religion, crime, and more. It is the top health and fitness-related podcast on Apple Podcasts and Spotify, according to the podcast's website.

Persons: Apple, —, Josh Clark, Chuck Bryant, Denise Truscello, Clark, Byrant, Shankar Vedantam, Chance Yeh, Andrew Huberman, Mark Zuckerberg, Priscilla Chan, Drew Angerer, Alaina Urquhart, Ash Kelley, Urquhart, Kelley, Glass, Astrid Stawiarz, Ira Glass, Chicago that's, Jason Bateman, Will Arnett, Sean Hayes, Frazer Harrison, Manny Carabel, Amy Sussman, Getty, Ryan Reynolds, Jennifer Aniston, Will Ferrell, Adam Sandler, Gary Hershorn, It's, Michael Barbaro, Sabrina Tavernise, Ashley Flowers, Audiochuck, Brit Prawat Organizations: Apple, Service, SYSK, NPR, The Washington Post, National Public, Public Radio Exchange, Getty, NBC NBC Dateline, NBC, Nielsen Media Research, The New York Times Locations: Stanford, Boston

☆ Huawei is pushing its tech into the EV world with new cars, automaker partnerships
▼ + stars: | 2023-11-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Changan and Huawei are already partners for the Avatr electric car brand, created in 2018 with electric car battery giant Contemporary Amperex Technology . Huawei is also working with Chery on the Luxeed electric car brand, which revealed details for its S7 sedan on Tuesday. BAIC, whose Arcfox electric brand already uses Huawei tech, and JAC did not immediately respond to a request for comment. Tencent , which operates China's social media app WeChat, has claimed it supplies BMW and some other automakers with car tech. Selling a suite of car tech products called "Huawei Inside," while the automaker designs the vehicle.

Persons: JAC, Richard Yu, BAIC, Tu Le, It's, Huawei's Yu Organizations: Getty, Nurphoto, Huawei, Changan Automobile, Technology, Chery, BAIC, BMW Locations: SHANGHAI, CHINA, Shanghai, China, BEIJING, Beijing, U.S

☆ The Clearest Sign of India’s Very Good Year
▼ + stars: | 2023-11-28 | by ( Matthew Thomas | ) www.wsj.com time to read: 1 min

Unlike a number of other foreign currencies, the Indian rupee has remained strong this year. Photo: Soumyabrata Roy/NurPhoto/Zuma PressIndia has had a very good year. The country’s economy is booming, its stock market is near an all-time high and its population is on track to overtake China’s to become the largest in the world. India and the U.S. have signed deals this year on jet-fighter engines and semiconductor chips. In September, New Delhi hosted a summit of the Group of 20 nations.

Persons: Soumyabrata Roy, NurPhoto, China’s Organizations: Zuma Press India, U.S Locations: India, New Delhi

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