business news

The Pentagon assesses China’s military power

A Long March-4B launch vehicle carrying Gaofen-11 04, an Earth observation satellite, blasts off from the Taiyuan Satellite Launch Center in northern China’s Shanxi Province on December 27, 2022. Wang Xiaohu | Xinhua News Agency | Getty Images CNBC’s Space Investing offers a vi.e. in the business of space exploration and privatization, delivered straight to …

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The Israeli envoy demanded the resignation of the UN chief

Antonio Guterres traveled to Egypt last week to oversee UN preparations for a humanitarian aid convoy to Gaza. At a press briefing after the UN Security Council meeting, Gilad Erdan, Israel’s UN representative, demanded Guterres’ resignation over his comments. UN Secretary-General Antonio Guterres (C) speaks during a press conference at the Rafah border crossing between …

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California’s DMV Suspends Cruise’s Self-Driving Car Permits

The California Department of Motor Vehicles has suspended Cruise’s deployment and testing permits for its autonomous vehicles, effective immediately. The news follows a string of safety concerns and incidents since General Motors-owned Cruise won approval in August for a 24-hour robotic taxi service in San Francisco. “When there is an unreasonable risk to public safety, …

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Why we bought more Danaher after it cut forecast for key business

Danaher ( DHR ) delivered top- and bottom-line beats for the third quarter on Thursday. But shares of the life sciences and medical diagnostics company remain under pressure after management was forced to cut expectations for one of its key businesses. Revenue for the period ended Sept. 30 fell 11.5% organically over the year to …

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6 Health Insurance Terms You Need to Know When Open Enrollment Begins

Millions of people choose their health insurance during open enrollment. Users are usually locked into their choice for one year. Health plans come with premiums, coinsurance, deductibles, out-of-pocket maximums, and other moving parts that make choosing the best insurance difficult. A 2017 study found that 61% of consumers have unwittingly chosen plans that have lost …

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FTX’s top engineer says Bankman-Fried spent $1.13 billion on celebrities

The criminal trial against FTX founder Sam Bankman-Fried continued on Monday, with the crypto firm’s former engineering director, Nishad Singh, taking the stand. Singh said he often complained to Bankman-Fried that the company’s spending “reeked of excess.” Singh said he owned about 6% or 7% of FTX, making him a paper billionaire before the company …

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China’s domestic tourism has finally returned to pre-pandemic levels

China’s big Golden Week holiday has seen domestic tourism recover to pre-pandemic levels, while overseas travel has yet to fully recover. On a per capita basis, domestic tourism spending returned to 98% of 2019 levels, much higher than the 85% figure seen during the holidays earlier in the year, Morgan Stanley analysts said. The boom …

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How to apply for an ETIAS travel authorization to visit Europe

Americans will soon have to apply for a travel permit to visit 30 countries in Europe. The application has a non-refundable fee of 7 euros per person, or about $7.40. Travelers must obtain authorization through the European Travel Authorization and Information System prior to their journey. It is expected to be operational sometime in 2024. …

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