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Monthly Archives: May 2023

Disney plans to spend billions in Florida despite DeSantis fight

Handout | Getty Images Entertainment | Getty Images Despite its battle with Gov. Ron DeSantis, Disney remains committed to the state of Florida. The media and theme park juggernaut is set to invest $17 billion in central Florida’s Walt Disney World hub over the next decade, which includes the potential …

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A U.S. recession would be ‘good news’ for markets, strategist says

Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City.  Michael M. Santiago | Getty Images A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO …

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Nvidia’s big break has been a long time coming, Jim Cramer says

Wall Street may be shocked by Nvidia‘s record-breaking move on Thursday, but not CNBC’s Jim Cramer. Cramer told investors he’s had faith in the software company for years — even renaming his dog Nvidia in 2017 — because of its “predictably fabulous” CEO Jensen Huang, who Cramer said has been …

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Macao opens $2 billion resort with a giant copy of London’s Big Ben

This photograph taken on October 20, 2022 shows a replica of the Big Ben Tower at the Londoner Casino resort at the Cotai Strip in Macau. (Photo by Eduardo Leal / AFP) (Photo by EDUARDO LEAL/AFP via Getty Images) Eduardo Leal | Afp | Getty Images Tourists in Asia no …

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As China and the U.S. redefine geopolitics, Europe faces a win-win situation

European Commission President Ursula von der Leyen has pushed for a policy of de-risking from China, The US is now on board too. Frederick Florin | Afp | Getty Images As the United States look at disengaging from China, Europe could soon find itself in a sweet spot. U.S. President …

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TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia

A merchant sells crystal ornaments via a live TikTok broadcast. CFOTO | Future Publishing | Getty Images TikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast Asia. It comes as its parent ByteDance pushes the short video app in markets outside the …

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Student loan payments likely to restart soon. Here’s how to prepare

Nikola Stojadinovic | E+ | Getty Images 1. Connect with your servicer During the Covid-19 pandemic, several of the largest companies that service federal student loans announced they’ll no longer be doing so, meaning many borrowers will have to adjust to a new servicer when payments resume. Three companies that …

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Price bubble in AI stocks will wreck rally: economist David Rosenberg

Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for his contrarian views, believes enthusiasm surrounding AI has become a major distraction from recession risks. “No question that we have a price bubble,” the Rosenberg Research president told CNBC’s “Fast …

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International travel searches from India are growing — see where to

Talk about Asia’s travel recovery is still largely focused on the return of Chinese travelers. But it’s Indians travelers who are searching for international trips faster than travelers in any other market in the world, Agoda’s CEO, Omri Morgenshtern, told CNBC Travel. “The entire thing is booming,” he said. “India …

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House Democrats reintroduce bill targeting stock buybacks

U.S. Representative Jesus Garcia (D-IL) speaks in opposition to Title 42 during a news conference outside the U.S. Capitol in Washington, U.S., April 28, 2022.  Elizabeth Frantz | Reuters WASHINGTON — House Democrats on Thursday reintroduced a bill that would ban open-market stock buybacks, weeks after the Securities and Exchange …

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