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Monthly Archives: November 2023

Israel’s pavilion at the Dubai Airshow sits empty amid Gaza war

The Israel Aerospace Industries pavilion stands empty at the Dubai Airshow 2023 at Al Maktoum International Airport, Dubai, United Arab Emirates on November 14, 2023. Natasha Turak | CNBC DUBAI, United Arab Emirates — Amid the bustle and footfall of thousands of visitors and exhibitors at the 2023 Dubai Airshow, …

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House Speaker Johnson predicts ‘bipartisan agreement’ on two-step government funding plan

WASHINGTON — House Speaker Mike Johnson said he expects to win bipartisan backing Tuesday for his “laddered” continuing resolution to fund the government, potentially giving the Senate enough time to pass the bill after the House and avoid a government shutdown set to begin late Friday night. “In about an …

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Net profit jumps 11%, beats estimates

Hon Hai Group’s headquarters, in Taipei, Taiwan, 15 July 2021. Ceng Shou Yi | Nurphoto | Getty Images Apple iPhone supplier Foxconn, officially known as Hon Hai, on Tuesday reported third-quarter profit rose 11.27% from a year ago, beating analysts’ expectations despite an ongoing consumer electronics slump. Here are Foxconn’s results for …

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Airlines are feeling the impact of the Israel-Hamas war

An Etihad Airways Boeing 787-9 “Dreamliner” aircraft displays Israeli and Emirati flags after landing upon arrival from the United Arab Emirates (UAE) at Israel’s Ben Gurion Airport near Tel Aviv, on the company’s first scheduled commercial flight from Abu Dhabi, on April 6, 2021. JACK GUEZ | AFP | Getty …

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UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. Evelyn Hockstein | Reuters UBS expects the U.S. Federal Reserve to cut interest …

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London’s iconic West End acts as a testing ground for Broadway investment

LONDON — With big productions always needing big money, one theater expert explains how investment in the sector works and how London’s West End is used as a testing ground for its New York counterpart. Live events took a massive hit during the Covid-19 pandemic but now audiences are rushing …

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GoCardless considers takeovers amid payments industry consolidation

Hiroki Takeuchi, GoCardless chief executive, on the MoneyConf Stage, attends Web Summit 2021 in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty Images GoCardless, the British fintech company backed by Alphabet’s venture capital fund GV, is considering more mergers and acquisitions as it looks to grow market share in the …

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Fisker (FSR) earnings report Q3 2023

Fisker began deliveries of its battery-electric Ocean SUV in the second quarter of 2023. Courtesy: Fisker Electric vehicle startup Fisker on Monday reported a third-quarter loss that was wider than Wall Street expected, and said it delivered only about 1,100 Ocean electric SUVs in the third quarter. But, it said, …

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U.S.-China relations are now more about crisis prevention

U.S. President Joe Biden shakes hands with Chinese President Xi Jinping as they meet on the sidelines of the G20 leaders’ summit in Bali, Indonesia, November 14, 2022. Kevin Lamarque | Reuters BEIJING — After another rocky year of U.S.-China tensions, the two countries’ presidents are set to meet this …

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Nvidia unveils H200, its newest high-end chip for training AI models

Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023. Walid Berrazeg | Lightrocket | Getty Images Nvidia on Monday unveiled the H200, a graphics processing unit designed for training and deploying the kinds of artificial intelligence …

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