New Labour Party MP for Blackpool South, Chris Webb (C) reacts as his win is announced at the count centre in Blackpool, north-west England on May 3, 2024, during the Blackpool South by-election. Oli Scarff | Afp | Getty Images LONDON — U.K. leader Rishi Sunak’s Conservative Party suffered significant losses at a flurry of … Read more
After successfully trying out the Barbie Dreamhouse and Shrek Swamp experiences last year, Airbnb is creating a new category of rentals that look straight out of a dreamland. On Wednesday, Airbnb released its first 11 Icons, or rental-experiences inspired by movies like “Up” and musicians like Prince. The goal is to bring iconic, international stays … Read more
Chinese new energy vehicle giant shows off the latest version of its Han electric sedan at the Beijing auto show on April 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese automakers, including state-owned auto giant GAC Group, can’t afford to take it easy in the country’s electric car boom if they want to survive. … Read more
The President of the European Central Bank (ECB) Christine Lagarde gestures as she addresses a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on April 11, 2024. Kirill Kudryavtsev | Afp | Getty Images The prospect of the European Central Bank diverging from the Federal … Read more
People are shopping at a Tesla store in Shanghai, China, on Feb. 17, 2024. Costfoto | Nurphoto | Getty Images News of electric car giant Tesla’s progress toward rolling out its advanced driver-assistance feature in China isn’t as groundbreaking as investors are treating it, according to a top tech investor. Mark Hawtin, GAM Investment Management’s investment … Read more
As issues continue to plague the aviation industry, choosing a domestic airline is becoming more of a challenge than ever. And WalletHub‘s recent ranking of the top U.S. Airlines for 2024 reflects these struggles. The outlet ranked the nine major U.S. airlines and regional carrier Skywest Airlines, with only one coming out on top. “Airline … Read more
Apple shares climbed 7% in extended trading on Thursday after the iPhone maker reported fiscal second-quarter earnings that topped estimates and announced an expanded stock buyback program. Apple announced that its board had authorized $110 billion in share repurchases, a 22% increase over last year’s $90 billion authorization. It’s the largest buyback in history, ahead … Read more
Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Carvana : Shares of the buying and selling online platform were soaring 35% on Thursday after a record first quarter. CEO Ernie Garcia realized, unlike Wall Street analysts had, that he was OK after getting the Apollo money, … Read more
Extreme hot weather and persistent drought conditions have dealt a severe blow to olive oil production in southern Europe, resulting in a significant surge in prices. The effects of these adverse climate conditions have been particularly pronounced in the European Union (EU), where countries collectively account for a staggering two-thirds of global olive oil production, … Read more
Taylor Swift attends the 66th GRAMMY Awards at Crypto.com Arena on February 04, 2024 in Los Angeles, California. Neilson Barnard | Getty Images Universal Music Group, the record label for top music artists including Taylor Swift and Drake, struck a new licensing agreement with TikTok, putting an end to a spat between the two companies. … Read more
