Wall Street and Broad St. signs are seen as New York Stock Exchange building decorated for Christmas at the Financial District in New York City, United States on December 16, 2020. Tayfun Coskun | Anadolu Agency | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five…
MEXICO CITY — Don’t mess with my bolillos! That was the universal message here after disparaging remarks about Mexican bread surfaced from a British celebrity chef who ridiculed the beloved bolillo: An oval-shaped, white bread roll that is a culinary and cultural staple, a mainstay in tortas (sandwiches), pan con chocolate (bread with chocolate) and other essentials,…
Panic erupts in the McCallister household as soon as the day begins. The parents’ alarm clock never rings, bags and coats spill across the floor, and the family barrels out the door to catch a flight to Florida. The pandemonium intensifies at the airport. There, the McCallisters must dodge fellow holiday travelers and luggage as…
A Baidu Apollo RT6 robotaxi during Baidu’s Apollo Day in Wuhan, China, on Wednesday, May 15, 2024. Bloomberg | Bloomberg | Getty Images Chinese tech giant Baidu has announced plans to bring robotaxis to London starting next year through its partnerships with Lyft and Uber, as the UK emerges as a growing autonomous vehicle battleground….
In a letter to shareholders last year, JPMorgan CEO Jamie Dimon delivered an uncomfortable truth: AI “may reduce certain job categories or roles,” predicting labor ramifications similar to the printing press, steam engine, electricity, and internet. The tech became the primary suspect as JPMorgan, Goldman Sachs, and Morgan Stanely issued several rounds of layoffs in…
PARIS (AP) — Three men will stand trial next year after a silver steward employed at the official residence of the French president was arrested this week for the theft of items of silverware and table service worth thousands of euros, the Paris prosecutor’s office said. The Élysée Palace’s head steward reported the disappearance, with…
Sad female worker carrying her belongings while leaving the office after being fired Isbjorn | Istock | Getty Images Layoffs have been a defining feature of the job market in 2025, with several major companies announcing thousands of job cuts driven by artificial intelligence. In fact, AI was responsible for almost 55,000 layoffs in the…
A massive outage knocked out power to 130,000 homes and businesses in San Francisco on Saturday, Pacific Gas and Electric Co. said. The power failure left a large swath of the northern part of the city in the dark, beginning with the Richmond and Presidio neighborhoods and areas around Golden Gate Park in the early…
President Donald Trump signs an executive order aimed at reducing the cost of prescription drugs and pharmaceuticals by 30% to 80% during an event in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images Several of the largest U.S. and European-based drugmakers inked deals with…
Despite criticism that they were acting too fast, state utility regulators on Thursday approved DTE Energy’s proposal to supply power for Michigan’s first hyperscale data center — while tacking on a host of conditions that aim to protect ratepayers from subsidizing the facility. The approval, made over shouts of disapproval from onlookers gathered in a…