The Chinese government has expanded a list of products that people can trade in to get a discount of as much as 20% on new products as the country tries to boost its flagging economy. The list now includes items like microwave ovens, dishwashers, rice cookers and water purifiers. State-backed trade-in schemes already covered televisions,…
CNBC’s Jim Cramer on Wednesday gave investors his read on the future of TikTok, saying the popular app faces a contentious battle even up against a conservative-leaning Supreme Court. “Here we are almost nine months later, and it seems like the only real way to stop the TikTok ban is if they win this case…
Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg | Getty Images Mortgage rates last week moved higher for the fourth week in a row. That caused already very weak mortgage demand to drop even…
A teenage boy at a south-western Sydney high school has been reported to police after allegations he used artificial intelligence platforms to create pornography featuring other students. The student is alleged to have created explicit deepfake images of female students and circulated them using fake social media accounts. A New South Wales Department of Education…
Week 18 of the 2024 NFL season had several memorable moments. Now, it’s time for FOX Sports lead NFL analyst Tom Brady to name his latest 3 Stars of The Week. At the end of each week throughout the regular season, Brady will choose three players whose performances stood out to him the most. This…
The grill of a Rolls Royce motor car in view of residential properties in Mayfair in London, UK, on Monday, Oct. 28, 2024. Bloomberg | Bloomberg | Getty Images British luxury carmaker Rolls-Royce Motor Cars on Wednesday said it is investing over £300 million ($369.9 million) to expand its global headquarters, citing growing demand for…
Microsoft Chairman and CEO Satya Nadella speaks at a press briefing on the company’s campus in Redmond, Washington, on May 20, 2024. Jason Redmond | AFP | Getty Images Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday. “At Microsoft we focus on high-performance…
As wildfires spread throughout Southern California, the NFL has announced a contingency plan if it needs to relocate the wild-card round game between the Minnesota Vikings and Los Angeles Rams. The matchup is still set to be played at SoFi Stadium in Inglewood, California, but would move to Arizona, if necessary. The NFL statement read,…
Jerome Powell, chairman of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, DC, US, on Wednesday, Dec. 18, 2024. Al Drago | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed…
A member of the Japanese criminal underworld has pleaded guilty to handling nuclear material sourced from Myanmar and seeking to sell it to fund an illicit arms deal, US authorities have said. Yakuza leader Takeshi Ebisawa and a co-defendant had previously been charged in April 2022 with drug trafficking and firearms offences, and both were…
