Carl Pei’s Nothing plans to launch smartphone in US to take on iPhone

Carl Pei’s Nothing plans to launch smartphone in US to take on iPhone

The Nothing Phone (1). Nothing U.K.-based consumer tech company Nothing is setting its sights on the U.S., with ambitions of taking on Apple’s iPhone. The startup, the hardware venture of Carl Pei — co-founder of Chinese mobile phone maker OnePlus — is in early conversations with American carriers about launching a new smartphone in the U.S., Pei told CNBC, without naming any of the carriers. In July, Nothing launched Phone (1), a mid-range device with a design, price and specs similar to Apple’s entry-level iPhone SE. The company, which is backed by iPod creator Tony Fadell and Alphabet’s VC arm...

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The 10 countries with the least paid vacation—the U.S. is No. 2

The 10 countries with the least paid vacation—the U.S. is No. 2

Paid vacation days are essential to promoting healthy work-life balance among professionals. But according to a new report from Resume.io, a career resource platform, American workers aren’t getting enough of them. The report, which reviewed data on laws governing annual statutory paid leave and paid public holidays in 197 countries, found that the United States is the second worst country for paid vacation days. “The United States’ lack of paid vacation days negatively impacts work-life balance in many ways,” Lotte van Rijswijk, Resume.io’s content team lead, tells CNBC Make It. The average American gets 10 vacation days per year after...

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Celsius users with crypto collateral stuck turn to bankruptcy process

Celsius users with crypto collateral stuck turn to bankruptcy process

Alan Knitowski holds an MBA, has worked in technology and finance for over 25 years and is CEO of a mobile software company that trades on the Nasdaq. That didn’t prevent him from getting duped by a crypto firm. Knitowski borrowed $375,000 from crypto lender Celsius over several years and posted $1.5 million in bitcoin as collateral. He didn’t want to sell his bitcoin because he liked it as an investment and believed the price would go up. related investing news Three things crypto investors need to know in a post-FTX world, according to financial advisors That was the Celsius...

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Oil output cuts on the table ahead of Russia sanctions

Oil output cuts on the table ahead of Russia sanctions

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper oil output cuts on Sunday, energy analysts said, as the influential energy alliance weighs the impact of a pending ban on Russia’s crude exports and a possible price cap on Russian oil. OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. The highly...

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Key inflation measure that the Fed follows rose 0.2% in October, less than expected

Key inflation measure that the Fed follows rose 0.2% in October, less than expected

Inflation rose in October about in line with estimates, sending a sign that price increases at least might be stabilizing, the Commerce Department reported Thursday. The core personal consumption expenditures price index, a gauge that excludes food and energy and is favored by the Federal Reserve, rose 0.2% for the month and was up 5% from a year ago. The monthly increase was below the 0.3% Dow Jones estimate, while the annual gain was in line. The gains also represent a deceleration from September, which saw a monthly increase of 0.5% and an annual gain of 5.2%. Including food and...

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European Central Bank says bitcoin is on the ‘road to irrelevance’

European Central Bank says bitcoin is on the ‘road to irrelevance’

The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank gave a strong critique of bitcoin on Wednesday, saying the cryptocurrency is on a “road to irrelevance.” In a blogpost titled “Bitcoin’s last stand,” ECB Director General Ulrich Bindseil and Analyst Jürgen Schaff said that, for bitcoin’s proponents, the apparent stabilization in its price this week “signals a breather on the way to new heights.” related investing news Why Cathie Wood thinks bitcoin will still hit $1 million by 2030 and benefit from the FTX collapse...

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Ahead of US-Iran match, team faces tense, political press conference

Ahead of US-Iran match, team faces tense, political press conference

USA’s midfielder Tyler Adams (R) and coach Gregg Berhalter give a press conference at the Qatar National Convention Center in Doha on November 28, 2022, on the eve of the Qatar 2022 World Cup football match between Iran and USA. Patrick T. Fallon | Afp | Getty Images The U.S. men’s soccer team faces its make-or-break World Cup match Tuesday night against Iran. If it wins, it advances to the next stage – and if it loses, it’s heading home. But despite needing to focus on the most important game this team of players has ever faced, the lead-up has...

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Iran is calling for the U.S. to be thrown out of the World Cup after flag change

Iran is calling for the U.S. to be thrown out of the World Cup after flag change

Ahmad Nourollahi of Iran in action during the FIFA World Cup Qatar 2022 Group B match between England and IR Iran at Khalifa International Stadium on November 21, 2022 in Doha, Qatar. Richard Sellers | Getty Images Sport | Getty Images Iranian state media is calling for the U.S. World Cup soccer team to be thrown out of the 2022 tournament in Qatar after it briefly changed the icon of the Iranian flag on its social media accounts in support of protests taking place in the country. The United States Soccer Federation, in its social media posts over the weekend,...

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Black Friday online sales top $9 billion in new record

Black Friday online sales top $9 billion in new record

Black Friday shoppers wait to enter the Coach store at the Opry Mills Mall in Nashville, Tennessee, on November 25, 2022. Seth Herald | AFP | Getty Images Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe, which tracks sales on retailers’ websites. Overall online sales for the day after Thanksgiving were up 2.3% year over year, and electronics were a major contributor, as online sales surged 221% over an average day in October, Adobe said. Toys were another popular category for shoppers, up 285%, as was exercise equipment, up 218%. Many consumers...

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G7 price cap on Russia oil won’t have strong impact on Moscow: analysts

G7 price cap on Russia oil won’t have strong impact on Moscow: analysts

Picture taken on May 3, 2022 shows a general view of Slovakia’s largest mineral oil refinery Slovnaft in Bratislava, Slovakia. (Photo by JOE KLAMAR / AFP) Joe Klamar | Afp | Getty Images The Group of 7 nations are in talks to cap Russian oil at $65 and $70 a barrel — but analysts say it likely won’t have a significant impact on Moscow’s oil revenues even if it’s approved. Prices at those levels are close to what Asian markets are currently paying Russia, which are at a “big discount,” said Wood Mackenzie’s vice president of gas and LNG research,...

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