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☆ Ukraine says there's no evidence for Russia's claim that dozens of POWs died in a plane crash
▼ + stars: | 2024-01-27 | by ( ) www.cnbc.com time to read: +4 min

The Russian Defense Ministry said Wednesday that missiles fired from across the border brought down the transport plane that it said was taking the POWs back to Ukraine. Local authorities in Belgorod, which borders Ukraine, said the crash killed all 74 people onboard, including six crew members and three Russian servicemen. Kyiv has neither confirmed nor denied that its forces downed a Russian military transport plane that day, and Russia's claim that the crash killed Ukrainian POWs could not be independently verified. An International Committee of the Red Cross spokesperson in Ukraine urged Russia on Friday night to return the bodies of any POWs who might have died in the plane crash. While Ukraine and Russia regularly exchange the bodies of dead soldiers, each trade has required considerable preparation, Vlasenko said.

Persons: Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Moscow, Kyrylo, Budanov, Mykola Oleshchuk, Oleksandr Vlasenko, Vlasenko, Vladimir Putin, Putin Organizations: Russian, Wednesday, Ukraine's, Staff, Kyiv, Russian Defense Ministry, Local, Social, International Committee, Red Cross, U.S, Free, Radio Liberty, Red Cross Media Locations: Davos, Switzerland, Ukraine, Russia, Ukrainian, Russia's Belgorod, Belgorod, Russian, Kyiv, Moscow, Free Europe, thoughtlessness, St . Petersburg

☆ Zelenskyy calls Trump's rhetoric about Ukraine's war with Russia 'very dangerous'
▼ + stars: | 2024-01-20 | by ( ) www.cnbc.com time to read: +3 min

Ukrainian President Volodymyr Zelenskyy speaks with CNBC's Andrew Ross Sorkin at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Ukrainian President Volodymyr Zelenskyy said he was worried by the prospect of Donald Trump returning to the White House, branding Trump's claim that he could stop Ukraine's war with Russia in 24 hours as "very dangerous." If you can stop the war during 24 hours, I think it will be enough to come," Zelenskyy said. Zelenskyy described the former president's rhetoric as "very dangerous" and appeared to be apprehensive that Trump's idea of a negotiated solution might involve Ukraine making major concessions to Russia. Throughout his political career, he has frequently lavished praise on Russian President Vladimir Putin, including after Moscow's February 2022 invasion of Ukraine.

Persons: Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Donald Trump, Zelenskyy, Trump, … I'm, that's, Vladimir Putin, Putin, Joe Biden's Organizations: White House, Republican, U.S . House Locations: Davos, Switzerland, Russia, Kyiv, Ukraine, Georgia, Russian

People attend the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. Javier MileiArgentina's President Javier Milei delivers a speech at the World Economic Forum (WEF) meeting in Davos on January 17, 2024. Sam AltmanSam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. He said AGI could be developed in the "reasonably close-ish future," speaking at a private gathering at the Bloomberg House in Davos, Switzerland. AI took a huge leap forward in the last year or two years," Benioff said on a World Economic Forum panel Thursday.

Persons: Denis Balibouse, Donald Trump, Ursula von der, Ursula von der Leyen, Jamie Dimon Jamie Dimon, JPMorgan, Adam Galici, Jamie Dimon, Dimon, Larry Fink's, bitcoin, Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Vladimir Putin, Zelenskyy, Putin, Javier Milei, Fabrice COFFRINI, FABRICE COFFRINI, Fabrice Coffrini, Milei, Adena Friedman Adena Friedman, Adena Friedman, Friedman, Sam Altman Sam Altman, Sam Altman, Altman, Antony Blinken Antony Blinken, CNBC Putin, Antony Blinken, Blinken, Trump's, it's, Christine Lagarde, Emmanuel Macron, Macron, Dmytro Kuleba, Arnd Wiegmann, Trump, Vladimir, Ukraine's, Kuleba, Michelle Yeoh Michelle Yeoh, Mike Coppola, Michelle Yeoh, CNBC's Tania Bryer, Yeoh, Pedro Sanchez Spanish, Pedro Sanchez, Isabel Infantes, Sanchez, Li Qiang Li Qiang, Li Qiang, Li, Isaac Herzog, Kfir Bibas, Herzog, Kfir, Hossein Amir, Abdollahian, Atta Kenare, Joe, Biden, Netanyahu, Amir, Sergio Ermotti, MICHAEL BUHOLZER, Ermotti, Marc Benioff Marc Benioff, Salesforce, CNBC's Sara Eisen, Marc Benioff, Benioff, Ray Dalio Ray Dalio, Bridgewater, Ray Dalio, Dalio, Mark Carney Mark Carney, DANIEL LEAL Organizations: Economic, Reuters, European, JPMorgan Chase, CNBC, BlackRock, Getty, Afp, NASDAQ, CNBC Nasdaq, Reuters OpenAI, Bloomberg, State, European Central Bank, Central Bank, Reuters Ukraine's, United Nations Development, Spanish, Getty Images, Hamas, Palestinian, Hezbollah, Turkish, AFP, Iranian, Sergio Ermotti UBS, Getty Images UBS, Credit Suisse, Bridgewater Associates, U.S, Bank of England, UN, OLIVAS Locations: Davos, Switzerland, Ukraine, Gaza, Russia, China, Moscow, WEF, AFP, OpenAI, U.S, Russian, Iran, Europe, United States, Hollywood , California, Madrid, Spain, Beijing, Washington, Lebanese, Tehran, Israel, Hiroshima

☆ Putin 'precipitated virtually everything he sought to prevent' with Ukraine invasion, Blinken says
▼ + stars: | 2024-01-17 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Antony Blinken, U.S. Secretary of State, speaks with CNBC's Andrew Ross Sorkin at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Russian President Vladimir Putin has "precipitated virtually everything he sought to prevent" by launching an invasion against Ukraine to separate Kyiv from the West, U.S. Secretary of State Antony Blinken said at a panel discussion in Davos, Switzerland. "Ukraine has been a profound strategic failure for Vladimir Putin and for Russia, in so many ways," he said Wednesday. "You now have a Russia that overall is weaker militarily, it's weaker economically, it's weaker diplomatically. Witnessing Moscow's ire in Ukraine, Finland and Sweden abandoned their long-held neutrality and applied to join the military group in May 2022.

Persons: Antony Blinken, CNBC's Andrew Ross Sorkin, Vladimir Putin, — Organizations: State, West, NATO, EU Locations: U.S, Davos, Switzerland, Ukraine, Russia, Europe, Finland, Sweden, Hungary, Turkey

☆ Palantir CEO Alex Karp: Antisemitism as a prejudice has always been the canary in the coal mine
▼ + stars: | 2024-01-17 | 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 EmailPalantir CEO Alex Karp: Antisemitism as a prejudice has always been the canary in the coal mineCNBC's Andrew Ross Sorkin shares a preview his interview with Palantir CEO Alex Karp at the World Economic Forum in Davos, Switzerland.

Persons: Alex Karp, Andrew Ross Sorkin Organizations: Economic Locations: Davos, Switzerland

☆ China's Taiwan approach 'has been counterproductive,' Blinken says
▼ + stars: | 2024-01-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Secretary of State Antony Blinken said Tuesday that China's growing aggression toward Taiwan has undermined the country's own interests. "I think the approach that they've shown in recent years has actually been totally counterproductive to their interests," Blinken said at the World Economic Forum in Davos, Switzerland on CNBC's "Squawk on the Street." Blinken's comments come days after Taiwan voters elected the Democratic Progressive Party's Lai Ching-te to serve as the next president. In the weeks leading up to the election, Taiwan officials reported several attempts by the Chinese government to sway the election via escalating military pressure and disinformation campaigns. At Davos, Blinken reiterated the official U.S. stance on Taiwan and China, which simultaneously supports Taiwan's democratic systems but does not support its independence.

Persons: Antony Blinken, CNBC's Andrew Ross Sorkin, Blinken, Party's Lai Ching, Lai, Joe Biden's, Xi Jinping, we've Organizations: State, Economic, Taiwan, Democratic, White Locations: U.S, Davos, Switzerland, Taiwan, CNBC's, China, Beijing, China's Taiwan

☆ Jay Monahan on the record: PGA Tour commissioner on LIV deal, medical leave of absence
▼ + stars: | 2023-12-01 | 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 EmailJay Monahan on the record: PGA Tour commissioner on LIV deal, medical leave of absenceCNBC's Andrew Ross Sorkin discusses his interview with PGA Tour commissioner Jay Monahan at The New York Times' DealBook Summit.

Persons: Jay Monahan, LIV, CNBC's Andrew Ross Sorkin Organizations: PGA, The New York Times

☆ X CEO Linda Yaccarino addresses Musk's 'go f--- yourself' comment to advertisers
▼ + stars: | 2023-11-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

X CEO Linda Yaccarino addressed the explicit comments Elon Musk hurled at advertisers during what she called a "wide ranging" and "candid" interview with CNBC's Andrew Ross Sorkin at the 2023 DealBook Summit in New York on Wednesday. "If somebody's going to try to blackmail me with advertising? Yaccarino described Musk's comments as an "explicit point of view about our position." "We're a platform that allows people to make their own decisions," Yaccarino wrote on X, formerly known as Twitter, late Wednesday night. "And here's my perspective when it comes to advertising: X is standing at a unique and amazing intersection of Free Speech and Main Street — and the X community is powerful and is here to welcome you.

Persons: Linda Yaccarino, Elon Musk, CNBC's Andrew Ross Sorkin, Musk, Yaccarino Organizations: Twitter Locations: New York

☆ CNBC Daily Open: The COP28 heat is on
▼ + stars: | 2023-11-30 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 ticked down 0.09% to end at 4,550.58, and the Nasdaq Composite slipped by 0.16% to 14,258.49. The force is risingSalesforce shares rose 7% in extended trading on Wednesday after the cloud software vendor's third-quarter earnings topped analysts' estimates. [PRO] Beware crowded tradesThe S&P 500 is up more than 8% in November, putting it on track for its biggest monthly gain since July 2022.

Persons: Dow Jones, Jensen, Jensen Huang, CNBC's Andrew Ross Sorkin, Huang, Morgan Stanley, Russell Organizations: Expo, CNBC, Dow Jones, Dow, Nasdaq, Commerce Department, Gross, Federal Reserve, United Auto Workers, Detroit automakers, BMW, Honda, Hyundai, Mazda, Benz, Nissan, Subaru, Toyota, Volkswagen, Volvo, General Motors, Nvidia Locations: Dubai, United Arab Emirates, U.S, China

☆ 'Squawk Box' crew react to Elon Musk's NYT DealBook Summit interview
▼ + stars: | 2023-11-30 | 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 Email'Squawk Box' crew react to Elon Musk's NYT DealBook Summit interviewCNBC's Andrew Ross Sorkin, Becky Quick and Joe Kernen discuss Elon Musk's interview at The New York Times DealBook Summit.

Persons: CNBC's Andrew Ross Sorkin, Becky Quick, Joe Kernen, Elon Musk's Organizations: Elon Musk's, The New York Times DealBook

☆ Nvidia CEO: Senior executives don't need pampering, career guidance
▼ + stars: | 2023-11-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Nvidia CEO Jensen Huang offered a glimpse into his unusual management style, including having "50 direct reports," in an interview with CNBC's Andrew Ross Sorkin on Wednesday. Huang says that he has so many direct reports — most executives only have 10 or so — because it keeps Nvidia from developing unnecessary layers of management. "The more direct reports a CEO has, the less layers are in the company. "The people that report to the CEO should require the least amount of pampering and so I don't think they need life advice. I don't think they need career guidance," Huang said.

Persons: Jensen Huang, CNBC's Andrew Ross Sorkin, Huang, Steve Jobs, Mark Zuckerberg Organizations: New York Times, Jazz, Lincoln Center, Nvidia, AMD Locations: New York City, China

☆ Nvidia CEO: U.S. chipmakers at least a decade away from China supply chain independence
▼ + stars: | 2023-11-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Jensen Huang, CEO of NVIDIA, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. (Tom Williams/CQ-Roll Call, Inc via Getty Images)U.S. chipmakers are at least a decade away from "supply chain independence" from China, Nvidia CEO Jensen Huang told CNBC's Andrew Ross Sorkin. "But total independence of supply chain is not a real practical thing for a decade or two." "The most critical technology that we build, the leading edge of it is not made available to China," Huang told Sorkin. Nvidia is still a decade ahead of those companies, Huang said in specific reference to sanctioned Chinese manufacturer Huawei.

Persons: Jensen Huang, Tom Williams, CNBC's Andrew Ross Sorkin, Huang, Biden, Sorkin Organizations: NVIDIA, Inc, Getty Images, Nvidia, New York Times, DealBook Conference, Huawei Locations: China, U.S

☆ Ron Baron expects SpaceX's Starlink to go public around 2027
▼ + stars: | 2023-11-10 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service "in 2027 or so." "We think that by the time they go public with SpaceX, with Starlink … in 2027 or so, four years, the company will be worth $250 billion to $300 billion," Baron said, speaking to CNBC's Andrew Ross Sorkin. Earlier this month, Baron told MarketWatch his eponymous firm's ownership of SpaceX stock was currently valued at about $1.7 billion. Last year, Musk told employees that taking the business public wasn't likely until 2025 or later. SpaceX's valuation has soared to about $150 billion, with Starlink seen as a key economic driver of the company's goals.

Persons: Ron Baron, Starlink …, Baron, CNBC's Andrew Ross Sorkin, SpaceX didn't, Musk, Starlink Organizations: CNBC, SpaceX Locations: Elon

☆ Starbucks beats on the top and bottom line as customers buy up pricier drinks
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarbucks beats on the top and bottom line as customers buy up pricier drinksCNBC's Andrew Ross Sorkin reports on the company's quarterly earnings results.

Persons: Andrew Ross Sorkin

☆ 'AI exposure' is the new buzz term to soften talk about job losses. Here's what it means
▼ + stars: | 2023-10-27 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +2 min

The rapid advancement of artificial intelligence has raised many concerns, prominent among these AI job displacement and mass layoffs throughout the economy. No round of layoffs of knowledge workers goes by without a mention of the threat of AI. In May of this year alone, the U.S. economy lost 4,000 jobs as a result of AI, according to data from employment outsourcing firm Challenger, Gray & Christmas. According to Factset, mentions of generative AI on corporate earnings calls increased from five in December 2022 to 390 in June 2023. The more recent milestone, according to Rand: by 2020, "nearly all occupations are exposed to AI technology patent."

Persons: Alan Guarino, Korn, CNBC's Andrew Ross Sorkin, Guarino, Factset, Rand Organizations: LinkedIn, CNBC, Korn Ferry, Rand Corporation Locations: India, U.S, United States

☆ Work-from-home rate tumbles, hits post-pandemic low
▼ + stars: | 2023-10-17 | 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 EmailWork-from-home rate tumbles, hits post-pandemic lowCNBC's Andrew Ross Sorkin reports on the latest data from the U.S. Census Bureau.

Persons: Andrew Ross Sorkin Organizations: U.S . Census Locations: U.S

☆ Bill Ackman says he hasn't talked to Elon Musk about X investment for Pershing 'SPARC'
▼ + stars: | 2023-10-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Activist investor Bill Ackman on Monday told CNBC he had not spoken with Elon Musk about a deal involving X, formerly known as Twitter, but that he likes the business and Musk and suggested a deal with X would be welcome if Musk wanted it. The billionaire CEO of Pershing Square Holdings was discussing his new carve-out vehicle, which he called a SPARC, or special purpose acquisition rights company. The product is similar to a SPAC, but Ackman said that Pershing's structure would only invest in companies it views as long-term investments. Ackman made waves in a Sunday interview with the Wall Street Journal, where he said he would "absolutely" invest in X through his new SPARC structure. If part of X were to debut on the market, it would likely be at a valuation far below the $44 billion that Musk paid for it.

Persons: Bill Ackman, Elon Musk, Musk, he's, Ackman, CNBC's Andrew Ross Sorkin, SPACs, Linda Yaccarino's, maven Organizations: Monday, CNBC, Elon, Pershing Square Holdings, SPARC, Financial Times, Wall Street, Meta Locations: —

FTC Chairwoman Lina Khan testifies during a budget hearing of the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce, April 18, 2023. Khan pointed to scale on Wednesday as a way Amazon leverages its power to dampen competition. Khan also explained the FTC's decision to define the market Amazon has monopolized as the online superstore. "We've had a whole set of antitrust cases that have succeeded when defining a market as the superstore market." This complaint applies that idea to the online world, Khan said, adding that there are functions that only an online superstore can serve through the "depth and breadth" of offerings.

Persons: Lina Khan, Khan, CNBC's Andrew Ross Sorkin, it's, We've Organizations: House Energy, Commerce, Amazon, Federal Trade, FTC, Yale, Intelligence Locations: U.S

☆ Musk on AI hearing: Senator Schumer did a great service to humanity
▼ + stars: | 2023-09-14 | 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 EmailMusk on AI hearing: Senator Schumer did a great service to humanityCNBC's Andrew Ross Sorkin reports on the latest news from the AI hearing on Capitol Hill.

Persons: Schumer, CNBC's Andrew Ross Sorkin Organizations: Capitol

☆ Birkenstock files for IPO under ticker 'BIRK'
▼ + stars: | 2023-09-13 | 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 EmailBirkenstock files for IPO under ticker 'BIRK'CNBC's Andrew Ross Sorkin and Becky Quick report on news from Birkenstock, and BP.

Persons: Andrew Ross Sorkin, Becky Quick Organizations: BP

☆ BMW drops controversial $18 a month heated seat subscription
▼ + stars: | 2023-09-08 | 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 EmailBMW drops controversial $18 a month heated seat subscriptionCNBC's Andrew Ross Sorkin discusses news from BMW and Queens, New York.

Persons: Andrew Ross Sorkin Organizations: BMW, Queens Locations: Queens , New York

☆ WeWork plunges another 11% after announcing reverse stock split to try and keep NYSE listing
▼ + stars: | 2023-08-18 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

WeWork , the office-sharing company once valued at $47 billion, said Friday it will undergo a 1-for-40 reverse stock split to try and keep its stock from being delisted. "The Reverse Stock Split is being effected to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on the New York Stock Exchange," WeWork said in a filing with the SEC. The reverse split will take effect after the close of trading on Sept. 1, the company said. The move will do nothing to improve the company's financials or valuation but, based on Friday's close, it would lift the stock price to $5.60. With or without a higher stock price, WeWork is in dire straits.

Persons: WeWork, Masayoshi Son's SoftBank, Andrew Ross Sorkin, Adam Neumann Organizations: New York Stock Exchange, SEC, NYSE

☆ Never in history has technology led to an overall loss of jobs: Tulane University's Walter Isaacson
▼ + stars: | 2023-06-28 | 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 EmailNever in history has technology led to an overall loss of jobs: Tulane University's Walter IsaacsonTulane University professor Walter Isaacson joins CNBC's Andrew Ross Sorkin at the Aspen Ideas Festival to discuss innovation, artificial intelligence and its potential impact to jobs.

Persons: Tulane University's Walter Isaacson, Walter Isaacson, Andrew Ross Sorkin Organizations: Tulane, Tulane University's Walter Isaacson Tulane, Aspen Ideas

☆ Recession in early 2024 is 'a reasonable possibility', says Roger Ferguson
▼ + stars: | 2023-06-28 | 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 EmailRecession in early 2024 is 'a reasonable possibility', says Roger FergusonRoger Ferguson, former Federal Reserve vice chairman, joins CNBC's Andrew Ross Sorkin at the Aspen Ideas Festival to discuss the Fed's inflation hike, whether more rate hikes are in store, the cause of inflation, and more.

Persons: Roger Ferguson Roger Ferguson, Andrew Ross Sorkin Organizations: Federal Reserve, Aspen Ideas

☆ GM CEO Mary Barra on Tesla partnership: I texted Elon Musk
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGM CEO Mary Barra on Tesla partnership: I texted Elon MuskGM CEO Marry Barra joins CNBC's Andrew Ross Sorkin at the Aspen Ideas Festival to discuss the company's EV transition, profitability targets, Tesla partnership, and more.

Persons: Mary Barra, Elon, Barra, CNBC's Andrew Ross Sorkin Organizations: Tesla, CNBC's, Aspen Ideas

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