Author: Editor-In-Chief
It’s never a good time to make a redundancy, but it was an especially tough time for Simone Austin when she received the dreaded email notification from Human Resources in January that she was losing six-figure income.After owning a home in North Carolina for less than a year, Austin, 33, racked up $2,800 a month in mortgage and credit card debt to afford the space himself.As she worked through her feelings of shock and anxiety, Austin told CNBC Make It that she immediately started cutting her budget down to the basics. She estimates she now spends $1,000 less per month…
US President Donald Trump announced a new agreement aimed at lowering prescription drug prices.On Friday, the president announced an agreement alongside major pharmaceutical companies including Bristol-Myers Squibb, Gilead Sciences and Merck to lower drug prices to match the lowest prices in developed countries.Recommended stories list of 4 itemsend of listPresident Trump said, “Starting next year, drug prices in the United States will fall rapidly and violently, soon becoming the lowest prices in the developed world.””This is the biggest drug-related event in the history of drug buying.”Under the agreement, drugmakers will reduce the price of some drugs they sell to low-income…
Hong Kong — White wreaths are piled high at the entrance of a Hong Kong funeral home, a stark reminder of a city still housing its dead more than four weeks after the devastating fire. Outside Universal Funeral Home, thousands of mourners waited their turn to pay their respects to the firefighters who died battling the scorching sun that burned for nearly two days at a government-subsidized housing complex, killing at least 160 people. Friends, colleagues and members of the public bowed their heads and offered incense sticks in memory of Ho Wai Ho, 37, who died trying to extinguish…
England Test captain Ben Stokes was “fit to bowl” despite not featuring with the ball as Australia built a significant lead on the third day of the third Ashes Test in Adelaide.Travis Head smashed a brilliant unbeaten 142 as Australia finished a close game on 271-4, leading by 356 runs and pushing England, already 2-0 in the series, to the brink of Ashes defeat with two Tests to go. Stokes top scored 83 in England’s first innings 286. This innings lasted over five hours on the second and third days, but the England captain appeared to be suffering from cramps…
The latest CNBC Supply Chain Survey provides new data on how the global trade war has affected this year’s holiday shopping season and another sign that consumer spending is holding steady amid affordability concerns across the U.S. economy. However, the research data also suggests that the freight market remains in a vulnerable position heading into 2026. Dow Jones Traffic Average It recently hit a 52-week high. Overall, nearly half (44%) of respondents said more holiday products are being shipped from warehouses and distribution centers compared to last year. One-third of respondents said fewer items are coming out of warehouses. The…
SpaceX and Tesla CEO Elon Musk attend the Viva Technology Conference held at the Porte de Versailles Exhibition Center in Paris on June 16, 2023.Gonzalo Fuentes | ReutersElon Musk’s 2018 CEO compensation package is: teslaApproximately $56 billion worth of assets must be restored upon vesting, the Delaware Supreme Court ruled Friday.”We reverse the Court of Commerce’s rescission relief and award $1 in nominal damages,” the justices wrote in their opinion. In a ruling issued Friday, the Delaware Supreme Court justices said the lower court’s decision to cancel Musk’s 2018 pay plan was an extreme remedy and that the lower court…
brakingBroken, Thousands of documents are expected to be released, but this release falls short of the entire Epstein file.The US Department of Justice has begun releasing portions of the vast files documenting the life and crimes of the late convicted criminal Jeffrey Epstein.But Friday’s long-awaited release is expected to fall short of the full release of the Epstein files required under recently passed legislation.Recommended stories list of 3 itemsend of listEarlier in the day, Deputy Attorney General Todd Blanche warned that some documents would be delayed to ensure the privacy of Epstein’s victims.”We expect more documents to be released in…
On Thursday, a guerrilla group attacked an army base with drones and explosives, killing at least seven Colombian soldiers and wounding 30 others, the military said. The attack, which took place on military base 27 in northern Cesar department, was blamed on the National Liberation Army (ELN), a Colombian group listed as a terrorist organization by the US State Department and the European Union. “In this terrorist attack, the criminals used a drone equipped with an improvised explosive device and fired unconventional explosive devices indiscriminately,” the army said in a statement. According to reports, the soldiers were resting in hammocks…
Ruben Amorim has defended his comments about the club’s academy last week, saying Manchester United have certain rights.Last week, when asked about not using academy product Koby Mainu, Amorim pointed to Harry Amath and Chido Obi as examples, suggesting they are not at the level required by United at the moment. Both players subsequently posted photos on their Instagram accounts, but they appeared to be in response to Amorim’s comments and were later deleted. Amas posted a picture of him winning the Player of the Month award at Sheffield Wednesday, while Chido’s image was of him celebrating a goal for…
Celeste Amadon and Asher Allen were working on an app that uses AI to book restaurant reservations for dates when they came up with a bigger idea: encouraging people to meet up in person. And now it’s gaining attention among investors. The two created a voice-powered AI onboarding system for apps that lets users learn more about users without having to fill out forms. What they found: People like to talk, which is why app onboarding sessions are an average of 26 minutes longer. Thus, San Francisco-based dating startup Known was born. “We think this is the first time we’ve…