The U.S. economy should be able to avoid a recession next year — but a sharp pullback in consumer spending is among the biggest risks of that occurrence, according to economist Carl Weinberg. “Consumers are just waking up to the fact that they’re financing their spending by running up their …

American Airlines planes are seen at gates at LaGuardia Airport ahead of the Thanksgiving holiday, in New York City, U.S., November 21, 2023.  Shannon Stapleton | Reuters Airlines expect record traveler numbers and revenues in 2024 but will continue to be constrained by the high cost of capital and limited …

Cityscape of Saudi capital Riyadh. Harri Jarvelainen Photography | Moment | Getty Images DUBAI, United Arab Emirates — Saudi Arabia announced a 30-year tax exemption package for foreign companies establishing their regional headquarters in the kingdom, the latest move in its aggressive campaign to attract international investment and headcount. “The …

A Boeing 787 ‘Dreamliner’ plane with the logo of tourism giant TUI at Hanover airport in Langenhagen, central Germany. JULIAN STRATENSCHULTE | AFP | Getty Images Shares of Tui were roughly 9% higher mid-morning Wednesday after the German travel group posted full-year results that showed underlying earnings before interest and taxes (EBIT) soared 139%. Revenue …

Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023.  Tolga Akmen | Bloomberg | Getty Images Tesla faces a growing revolt in Scandinavia after Danish dockworkers joined …

Alistair Berg | Digitalvision | Getty Images For years, interest rates were low, inflation was steady and both financial markets and economic conditions were relatively stable. Then the Covid-19 pandemic turned everything on its head. Inflation began to soar and central banks around the world hiked interest rates in an …

Ambulances used to transport patients from Gaza via the Rafah crossing are seen on November 22, 2023 in Arish, Egypt.  Ali Moustafa | Getty Images The current conflict in Gaza should provide a wake-up call to politicians in Washington, D.C, according to a former Egyptian foreign minister, who questioned the …

Dubai, UNITED ARAB EMIRATES — A global rush for the next wave of generative artificial intelligence is increasing public scrutiny on an often-overlooked but critically important environmental issue: Big Tech’s expanding water footprint. Tech giants, including the likes of Microsoft and Alphabet-owned Google, have recently reported a substantial upswing in …

DUBAI, United Arab Emirates — Thousands of miles from the U.N.’s climate summit in the Middle East, the world’s largest iceberg is on the move for the first time in more than 35 years. Scientists believe the juggernaut’s breakaway from Antarctica was a natural occurrence, but say it provides a …

Signet Jewelers CEO Gina Drosos told CNBC’s Jim Cramer on Tuesday that marriage proposals are finally on the rise, years after Covid disrupted typical dating patterns and hurt the company’s business. “We know a lot about dating couples, and so we feel quite confident that our predictions are right, and …