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Monthly Archives: November 2023

Pending home sales drop to record low

Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001, meaning it’s even worse than readings during the financial crisis over a decade ago. Sales were …

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X CEO addresses Musk’s ‘go f— yourself’ comment to advertisers

Linda Yaccarino: CEO of X speaking with CNBC’s Sara Eisen on Aug. 10th, 2023. CNBC 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 …

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Inflation Reduction Act tax breaks help boost home energy efficiency

Steve Smith | Tetra Images | Getty Images Winter is almost here, meaning the year’s coldest temperatures aren’t far off. But homeowners can take advantage of recently enacted tax breaks to help boost their home’s efficiency, thereby trapping more heat inside and better defending against winter’s chill — and saving …

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Trump slams Jamie Dimon over Nikki Haley praise

Former President Donald Trump (L) and JP Morgan CEO Jamie Dimon. Reuters Former President Donald Trump on Thursday ripped Jamie Dimon as an “overrated Globalist” after the JPMorgan Chase CEO praised rival Republican Nikki Haley and urged business leaders to help her presidential bid. Dimon “is quietly pushing another non-MAGA …

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What one Swiss bank’s troubles tells us about market vulnerabilities

A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. Stefan Wermuth | Bloomberg | Getty Images The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of loan exposure …

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Sweden expects Turkey to approve its NATO membership ‘within weeks’

Turkish President Recep Tayyip Erdoğan (left) and Swedish Prime Minister Ulf Kristersson shake hands in front of NATO Secretary-General Jens Stoltenberg prior to their meeting, on the eve of the NATO summit in Vilnius on July 10, 2023. Yves Herman | Afp | Getty Images BRUSSELS — Sweden expects Turkey …

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Meta Q3 threats report shows risk of China influence ahead of election

Mark Zuckerberg, CEO of Meta, attends a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images In its latest quarterly report on adversarial threats, Meta said on Thursday that China is an increasing source of …

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Europe is leaving a void in a multipolar world

French President Emmanuel Macron (C-L), President of the European Commission, Ursula von der Leyenââ (Rear 2nd R), Prime Minister of Spain, Pedro Sanchez Perez-Castejon (Rear), President of Romania, Klaus Iohannis (L), Chancellor of Germany, Olaf Scholz (2nd L), and European Council President Charles Michel (3rd L) attend day two of …

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CrowdStrike CEO says AI can help prevent ransomware attacks

CrowdStrike CEO George Kurtz told CNBC’s Jim Cramer that using artificial intelligence is important in fighting increasingly sophisticated ransomware attacks. “We can identify these pieces of ransomware without ever seeing them in the past. And that’s different than signature-based technologies that are out there today,” Kurtz said. “Right now, ransomware, …

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U.S. Chipmakers a decade away from China independence

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) Tom Williams | Cq-roll Call, Inc. | Getty Images U.S. chipmakers are at least a decade away from “supply chain …

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