LONDON — President Donald Trump’s trade tariffs are a major concern among U.S. and international business leaders, with industry titans warning of trouble ahead. Speaking at CNBC’s CONVERGE LIVE in Singapore, Bridgewater founder Ray Dalio warned of “fighting” between countries over the duties. “Tariffs are going to cause fighting between countries … I’m not necessarily…
Verily headquarters in San Bruno, California. Courtesy: Verily Verily is selling its stop-loss insurance subsidiary, Granular Insurance Company, to the insurance provider Elevance Health, the Alphabet health tech company confirmed to CNBC on Thursday. Verily is one of Google’s sister companies and operates within Alphabet’s “Other Bets” category. The Granular sale is the latest in…
The United Nations’ top corporate sustainability chief warned business leaders they can no longer ignore the growing “north-south divide” on climate change. Sanda Ojiambo, CEO and executive director of U.N. Global Compact — a body responsible for overseeing business commitments to achieving sustainable development goals — told CNBC’s Steve Sedgewick that “climate has become a…
European markets opened in negative territory on Monday, in what will be the region’s final full trading session of the year. The pan-European Stoxx 600 index was around 0.4% lower shortly after the opening bell, with all sectors and major bourses in negative territory. Industrials, media and technology stocks led the losses. Trading is expected…
Black business leaders are trying to figure out why Vice President Kamala Harris lost the presidential race, and how to approach the coming administration of President-elect Donald Trump. “It certainly means change. That’s what the voters wanted, and that’s what they thought President Trump represents,” said Charles Phillips, co-chair of the Black Economic Alliance and…
By Mike Stone L3Harris unit making rocket motors used in Ukraine says business has surged HUNTSVILLE, Alabama, – L3Harris Technologies’ subsidiary Aerojet Rocketdyne has doubled its monthly production of motors for GMLRS rockets that are heavily used in Ukraine, a company executive said on Tuesday, as global demand surges to supply Kyiv and to rebuild…
