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Spelunking Vietnam’s Son Doong, one of largest caves in the world

S unlight always pours into Hang En, but beams like this only exist from December to March. American Ryan Deboodt, who has photographed Son Doong 10 times, explained how he shot this image. “On this morning, my friend Thanh and I woke up to a cloudy sky. We decided to …

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‘It is our responsibility to prevent and control it’

Health care members make first aid to people as they cover their faces with sanitary masks after the first cases of coronavirus have been confirmed in Hong Kong. Miguel Candela | Getty Images President Xi Jinping on Saturday warned that the spread of the coronavirus presents a “grave situation,” as …

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WEF founder Klaus Schwab on what to expect from Davos 2020

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Coffee futures prices have the biggest one-day surge since 2015

Snap Decision | Photographer’s Choice RF | Getty Images Coffee futures jumped on Monday as a supply shortage in the largest producer drove up the prices. Coffee futures climbed nearly 7% Monday to $1.3895 a pound, the biggest one-day surge since 2015. Prices have soared a whopping 38% this year. …

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Jeff Bezos picked as businessperson of the decade: CNBC survey

Jeff Bezos, CEO, Amazon Mark Ralston | AFP | Getty Images A majority of financial executives in boardrooms around the world say Amazon Founder and Chief Executive Jeff Bezos should be considered as the top businessperson of the decade. Almost a third of chief financial officers (CFOs) quizzed in CNBC’s …

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It’s possible the US economy is not ‘late cycle’

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) The idea that we are late in the economic and financial-market cycle is one that even most Wall Street bulls won’t dispute. After all, when the economic …

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266,000 payrolls added, 3.5% unemployment

The jobs market turned in a stellar performance in November, with nonfarm payrolls surging by 266,000 and the unemployment rate falling to 3.5%, according to Labor Department numbers released Friday. Those totals easily beat the Wall Street consensus. Economists surveyed by Dow Jones had been looking for solid job growth …

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RBI did the ‘wrong thing’ by not cutting rates, Mark Mobius says

Mark Mobius, Executive Chairman of Templeton Emerging Markets Group. Anjali Sundara | CNBC India’s central bank was wrong to keep its benchmark interest rates unchanged on Thursday, according to veteran emerging markets investor Mark Mobius. The Reserve Bank of India surprised markets by keeping its repo rate — the rate …

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Bull markets often end with a euphoric ‘blow-off top’ rally

The stock market’s poor start to December halted in its tracks the kind of euphoric rally that has marked the end of past bull markets, a so-called blow-off top. Between mid-August and late November, the was up 10.5% in a 74-day sprint that seemed to be immune from negative headlines. According …

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