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 outbound [travel] is growing much...
After a sour day in Washington and on Wall Street, CNBC’s Jim Cramer warned investors that lawmakers will inevitably cost them money as debt ceiling negotiations drag on. “Get ready for our politicians to lose you some more money,” Cramer said, referencing the earlier impasse surrounding the debt ceiling in 2011. “They hurt you then....
The modified Boeing 747 plane, named “Cosmic Girl”, will take off from Spaceport Cornwall in southwest England. Hugh Hastings / Stringer / Getty Images Bankrupt rocket company Virgin Orbit is shutting down after selling its facility leases and equipment to a trio of aerospace companies in an auction, the company confirmed on Tuesday. “As Virgin...
US House Speaker Kevin McCarthy (R-CA) (L) looks on as US President Joe Biden speaks during a meeting on the debt ceiling, in the Oval Office of the White House in Washington, DC, on May 22, 2023. Saul Loeb | AFP | Getty Images WASHINGTON — House Speaker Kevin McCarthy said he had a “productive”...
Are the travails of the bond market, like Macbeth expounds, a “tale told by an idiot, full of sound and fury, signifying nothing?” As we grapple with the whole edifice of fixed income, the existential crisis of Treasurys, the multitrillion-dollar market that the tale is based on, I have come to wonder what bonds really...
U.S. House Speaker Kevin McCarthy (R-CA) speaks to reporters with U.S. Senate Republican Minority Leader Mitch McConnell (R-KY) at his side following debt limit talks at the White House in Washington, U.S., May 9, 2023. Kevin Lamarque | Reuters The on-again, off-again deliberations on Capitol Hill surrounding the debt ceiling are back off-again, as House...
WASHINGTON — High-stakes talks over raising the debit limit resumed in the Capitol on Friday evening, hours after they were paused at midday when Republican negotiators walked out of the room and blamed the White House for holding up discussions. “We’ll be back in the room tonight,” said House Speaker Kevin McCarthy on Fox Business,...
But even though companies are making hefty investments into AI, most workers have yet to use it — “only 1 in 10” globally say their day-to-day role currently involves AI skills, the survey found. Such skills include AI-specific programming languages, machine learning and automation testing. That’s despite the “excitement” workers feel about the prospect of...
Russian President Vladimir Putin and Chinese President Xi Jinping at a signing ceremony after their talks at the Kremlin in Moscow on March 21, 2023. Vladimir Astapkovich | AFP | Getty Images China faces a “daunting” challenge when it comes to attempting to broker a peace deal between Ukraine and Russia, according to political analysts,...
Elon Musk told CNBC’s David Faber on Tuesday that he doesn’t care if his inflammatory tweets scare away potential Tesla buyers or Twitter advertisers. “I’ll say what I want, and if the consequence of that is losing money, so be it,” said Musk, who owns Twitter. Musk has for years tweeted controversial items, including conspiracy...