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Monthly Archives: February 2023

Energy industry slammed by IEA for not doing enough to curb methane

An oil pumpjack operates on November 02, 2021 in Long Beach, California. The Biden administration pledged to cut methane emissions from oil and gas production today. In California, 35,000 oil and gas wells sit idle, many of which are unplugged and could leak methane gas. Scientists estimate that one-third of …

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Amazon employees push CEO Andy Jassy to drop return-to-office mandate

The Amazon Spheres, part of the Amazon headquarters campus, right, in the South Lake Union neighborhood of Seattle, Washington, U.S., on Sunday, Oct. 24, 2021. Chona Kasinger | Bloomberg | Getty Images A group of Amazon employees is urging CEO Andy Jassy to reconsider a recent return-to-office mandate. Last week, …

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Meta subscription service could have 12 million subs by 2024: BofA

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., center, departs from federal court in San Jose, Calif., on Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Images Meta’s new Verified subscription service could land nearly 12 million subscribers by 2024, according to a Bank of America (BoFA) …

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Why it’s so hard to build new electrical transmission lines in the US

Service technicians work to install the foundation for a transmission tower at the CenterPoint Energy power plant on June 10, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images This story is part of CNBC’s “Transmission Troubles” series, an inside look at why the aging electrical …

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Walmart, Home Depot prepare for consumer slowdown

If you want to know how this year may be for the retail industry, look no further than Walmart‘s cautious outlook. The discounter easily topped expectations for the holiday quarter on Tuesday, but it gave a weaker-than-expected outlook for the year ahead. Home Depot issued similar guidance. The home improvement …

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Supreme Court to hear Google case that could impact free speech online

John Roberts, chief justice of the US Supreme Court, from left, Elena Kagan, associate justice of the US Supreme Court, Brett Kavanaugh, associate justice of the US Supreme Court, Amy Coney Barrett, associate justice of the US Supreme Court, and Ketanji Brown Jackson, associate justice of the US Supreme Court, …

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Russia’s Putin blames West and Ukraine for provoking conflict

Russian President Vladimir Putin attends the opening of new health facilities via a video link at the Novo-Ogaryovo state residence, outside Moscow, on February 15, 2023. Mikhail Metzel | Afp | Getty Images Russian President Vladimir Putin on Tuesday used a widely-watched speech to deny responsibility for the war in …

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Walmart (WMT) earnings Q4 2023

Customers exit a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 and $19 an hour.  Joe Raedle | Getty Images News | Getty Images Walmart will report its …

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The economy might be fine with inflation more than 2%

United States Federal Reserve building, Washington D.C. Lance Nelson | The Image Bank | Getty Images 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. Like what …

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BHP believes China and India growth to buoy demand despite profit dip

BHP Group’s logo adorning the side of its gobal headquarters in Melbourne on February 21, 2023. William West | Afp | Getty Images Australian mining giant BHP is optimistic China and India’s growth will boost commodity demand, even as the company reported a steep drop in half-year profits. “We believe …

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