China is facing a growing list of problems — real estate, semiconductor bans and labor market gyrations. The world’s second-most populous country also has a major youth unemployment problem. China’s urban youth unemployment rate has risen to 21% as of May 2023, up from 15.4% two years earlier. “Let’s not forget about the draconian lockdown
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U.S. Commerce Secretary Gina Raimondo arrives for a meeting with her Chinese counterpart Wang Wentao, at the Ministry of Commerce in Beijing, Monday, Aug. 28, 2023. Andy Wong | Pool | via Reuters U.S. Commerce Secretary Gina Raimondo met with Chinese officials in a high-stakes visit to Beijing and Shanghai this week, and she said
A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco. Heather Somerville | Reuters The company Cruise is pushing back against an accusation from the San Francisco Fire Department, which claims that one of the company’s autonomous vehicles delayed an ambulance after a deadly accident.
View of a damaged property after the arrival of Hurricane Idalia in Horseshoe Beach, Florida, August 31, 2023. Julio Cesar Chavez | Reuters President Joe Biden standing in front of a home damaged by a fallen tree said it was “but for the grace of God” the damage wasn’t worse. “No winds this strong hit
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla Model 3 vehicle on an auto carrier in front of a store in Rocklin, California, U.S., on Wednesday, July 21, 2021. Tesla Inc. is scheduled to release earnings figures on July 26. David Paul Morris | Bloomberg | Getty Images Tesla shares dropped
In this article BMY MRK MRNA AZN-GB JNJ Follow your favorite stocksCREATE FREE ACCOUNT Ohio Governor Mike DeWine, right, shakes hands with Judge Thomas Rose of the U.S. District Court Southern District of Ohio after taking his oath of office, Monday, Jan. 14, 2019, in Cedarville, Ohio. John Minchillo | AP A federal judge on
In this article F STLA STLAM-IT GM Follow your favorite stocksCREATE FREE ACCOUNT UAW President Shawn Fain addresses union members during a Solidarity Sunday rally in Warren, Michigan, Aug. 20, 2023 Michael Wayland / CNBC DETROIT — United Auto Workers has filed unfair labor practice charges against automakers General Motors and Stellantis to the National
In this article S Follow your favorite stocksCREATE FREE ACCOUNT SentinelOne CEO Tomer Weingarten at the New York Stock Exchange. Source: NYSE SentinelOne, a cybersecurity company that went public in 2021 and has yet to see its stock price exceed highs from that year, is not for sale, Tomer Weingarten, its co-founder and CEO, told
Zoom In IconArrows pointing outwards Google now tells you the cheapest time to book a flight. Click to enlarge. Google Google recently updated Google Flights with more information that can help you save money by booking a trip during certain windows of time. Say, for example, you’re planning a family vacation to Florida in the
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Salesforce CEO Marc Benioff walks with other attendees as they leave a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 12, 2023. Kevin Dietsch | Getty Images News | Getty Images Salesforce shares jumped 6% in extended
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT SpaceX, Twitter and electric car maker Tesla CEO Elon Musk looks on as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023. Alain Jocard | Afp | Getty
In this article GOOGL NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia President and CEO Jensen Huang speaks at the COMPUTEX forum in Taiwan, May 28, 2023. Sopa Images | Lightrocket | Getty Images Nvidia shares rose 4.2% Tuesday to close at a record, after the chipmaker announced a partnership with Google that could expand
In this photo illustration, the new Twitter logo rebranded as X (X Corp.) is seen on a smartphone and Elon Musk Twitter account with the new X logo on a pc screen. Pavlo Gonchar | Lightrocket | Getty Images X, the social network formerly known as Twitter, is facing 2,200 arbitration cases that ex-employees filed
Electrical workers repair power lines leading into the fire ravaged town of Lahaina on the island of Maui in Hawaii, August 15, 2023. Mike Blake | Reuters Electric companies in the western U.S. are facing mounting lawsuits alleging that their failure to prepare for extreme weather has resulted in repeated, catastrophic wildfires that have taken
U.S. Commerce Secretary Gina Raimondo speaks during a Reuters interview at the Department of Commerce in Washington, September 23, 2021. Kevin Lamarque | Reuters U.S. Secretary of Commerce Gina Raimondo is set to meet with senior Chinese officials and U.S. business leaders in Beijing as the two countries continue high-level talks. Her trip is a
Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Michael Wayland / CNBC From writers’ rooms to car factories, workers are pressing companies for higher pay and better quality of life. Many are willing to walk off the job to get there,
College students around America are beginning the trek back to campus. A precursor to that journey is the back-to-school shopping season, and this year it’s estimated to hit a record-breaking $94 billion for college students. The National Retail Federation estimates this boom in its back-to-school data and expects family spending on college students to be
Exchange-traded funds tied to the artificial intelligence boom have been touted as outperformers in the first half of 2023, but momentum is shifting as investors balance the tech-fueled hype with higher rates. “Interest rates are certainly causing the markets to kind of take a second look,” Global X Chief Investment Officer Jon Maier told CNBC’s
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