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Monthly Archives: February 2023

Elon Musk aiming to appoint new Twitter CEO by end of 2023

UAE Minister of Cabinet Affairs Mohammad al-Gergawi (L-on stage) speaks with Elon Musk attending the World Government Summit virtually in Dubai on February 15, 2023. Musk indicated that he is aiming to find someone to succeed him as Twitter CEO by the end of 2023. Karim Sahib | AFP | …

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Analysts bullish on construction, engineering

The Indian government announced during the annual budget on Feb. 1 that the country will increase infrastructure spending by 33% to 10 trillion rupees ($122.29 billion) in the next fiscal year. Bloomberg | Bloomberg | Getty Images Indian markets have been volatile as the Adani crisis continues to dominate headlines, …

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Singapore’s DPM Wong says Budget 2023 was ‘delicate balancing act’

SINGAPORE — Setting Singapore’s budget was challenging this year, as it required a “very delicate balancing act” to ensure fiscal prudence while helping Singaporeans deal with rising costs, Finance Minister Lawrence Wong told CNBC in an exclusive interview. “It’s particularly challenging this year, because it really was a very delicate balancing …

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Ford halts F-150 Lightning production due to possible battery issue

Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – Ford Motor has paused production and shipments of its electric F-150 Lightning pickup due to a potential battery issue, the company said Tuesday. …

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China’s economic recovery is off to a slow start

Wuhan’s GDP grew by 4% in 2022, better than the country overall. Pictured here on Jan. 20, 2023, is the city’s skyline along the Yangtze River. Hector Retamal | Afp | Getty Images BEIJING — China’s economic recovery is off to a modest start. Migrant workers have mostly returned to …

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Biden taps Fed’s Brainard, Bernstein for top economic jobs as part of White House reshuffle

Lael Brainard, vice chair of the US Federal Reserve, speaks during an Urban Institute panel discussion in Washington, D.C., US, on Friday, June 3, 2022. Ting Shen | Bloomberg | Getty Images The White House has tapped Federal Reserve Vice Chair Lael Brainard to lead the National Economic Council and …

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Microsoft Bing AI made several errors in launch demo last week

Microsoft CEO Satya Nadella Jordan Novet | CNBC During last week’s chatbot hype, with Microsoft and Google attempting to outduel each other in showcasing early versions of artificial intelligence-powered search, more than a million people signed up to try Microsoft’s tool in the first 48 hours, the company said. Microsoft …

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Top money habit of early retirees

As soon as you hear about the FIRE movement, it’s hard to deny the appeal. Short for financial independence, retire early, FIRE adherents aim to save and invest large portions of their income early in their careers in order to have enough money to retire decades before their mid-60s.    …

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Airbnb (ABNB) earnings Q4 2022

Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Shares of Airbnb rose about 9% in extended trading Tuesday after the company released fourth-quarter earnings that beat analysts’ estimates on top and bottom lines. Here’s how the company did: EPS: 48 cents vs. 25 cents expected by analysts, …

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Republicans attack Biden’s student loan plan

U.S. Senate Minority Leader Mitch McConnell of Kentucky at the U.S. Capitol Building on Feb. 13, 2023. Anna Moneymaker | Getty Images News | Getty Images Dozens of Republican members of Congress have filed briefs with the U.S. Supreme Court, arguing that the Biden administration’s student loan forgiveness plan should …

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