Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans."All projects are moving full steam ahead," Faisal Al Ibrahim told CNBC's Dan Murphy on Monday at the World Economic Forum's...
Year: 2024
Musk makes surprise visit to Beijing as Tesla’s China-made cars pass data security rules
Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023.Gonzalo Fuentes | ReutersBEIJING — Local Chinese authorities have removed restrictions...
The new class war: A wealth gap between millennials
Klaus Vedfelt | Digitalvision | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The wealth gap between rich millennials and the rest of their age group...
American Airlines cuts some international flights into 2025, citing Boeing delivery delays
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAmerican Airlines on Friday said Boeing's 787 Dreamliner delivery delays are forcing it to cut some long-haul flights in the second half of the year and into early...
Activist Jana Partners calls for a strategic review at Wolfspeed. Here’s how it may develop
The New York Stock Exchange welcomes executives and guests from Wolfspeed (NYSE: WOLF), on Oct. 4th, 2021, in celebration of its listing.NYSECompany: Wolfspeed (WOLF)Business: Wolfspeed is a semiconductor company focused on silicon carbide technologies. The company provides solutions for efficient energy consumption and a sustainable future. Its product families include...