Author: Editor-In-Chief
National Economic Council Director Kevin Hassett speaks at a Washington Economic Club event on Wednesday, November 12, 2025 in Washington, DC, USA.Al Drago | Bloomberg | Getty ImagesKevin Hassett, the Trump administration’s top economic adviser, said Monday that artificial intelligence could make workers so productive that companies would slow hiring.”I think there’s been mixed signals in the job market,” he said on CNBC’s “Squawk Box,” adding that there were “really, really positive signals in the output market.””We could see a bit of a period of near calm in the labor market as companies realize that AI is making their workforces…
To combat a severe water crisis, Iranian authorities have launched a rain-inducing cloud-seeding operation, Iran’s state-run IRNA news agency reported on Saturday, amid the driest autumn in half a century. Iran’s Meteorological Organization’s National Weather Forecasting Center announced on Saturday that precipitation across the country has decreased by about 89% compared to the long-term average, making Iran the driest autumn in 50 years. IRNA said the cloud-seeding operation was carried out “by aircraft equipped with cloud-seeding equipment” in the Lake Urmia basin in the northwest of the country. The process, which has been used in Iran for many years, disperses…
Sky Sports’ Wayne Mardle believes what Luke Littler has achieved in darts is “ridiculous”, but thinks he will be truly appreciated when he defends his title at the World Darts Championship.Littler defended his title for the first time with a 16-11 victory over Luke Humphries in the Grand Slam of Darts, becoming only the fourth player to retain the title, alongside Phil Taylor, Michael van Gerwen and Gerwyn Price. Not only that, but by advancing to the finals, he dethroned “Cool Hand” and became the number one player in the world. Littler made further history as the youngest world number…
Amazon founder Jeff Bezos appears to be getting his hands dirty again. The billionaire is partially backing a new AI startup called Project Prometheus that has raised $6.2 billion in funding, and will take on the role of co-chief executive officer of the new venture, The New York Times reported, citing people familiar with the project. Bezos will share the position with co-founder Vik Bajaj, who previously led Google’s life sciences division. Bajaj is also a co-founder of Alphabet Inc.’s biotech startup Verily and a co-founder of Foresight Labs, an AI-focused affiliate of investment firm Foresight Capital, which he recently…
A Boeing 777X airplane performs at the Dubai Air Show on November 14, 2021 in Dubai, United Arab Emirates. Amr Alfiqi | ReutersEmirates announced on Monday that it has ordered 65 more Boeing 777-9 aircraft worth $38 billion at list price on the first day of the 2025 Dubai Air Show.Emirates is Boeing’s largest customer for wide-body aircraft, and today’s announcement brings Emirates’ total order to Boeing for 315 wide-body aircraft.Emirates said in a statement Monday that it “demonstrates a large-scale, long-term commitment to U.S. aerospace manufacturing and will generate support for hundreds of thousands of high-value manufacturing jobs in…
Jensen Huang attends the 2025 Queen Elizabeth Engineering Awards Reception held at St. James’s Palace on November 5, 2025 in Briline, London. Mok Yui | via ReutersNvidia CEO Jensen Huang said in October that the company’s orders for chips, which are at the heart of the artificial intelligence boom, are expected to reach $500 billion in 2025 and 2026.For a company that has seen quarterly revenue growth of nearly 600% over the past four years, Huang’s comments signaled confidence that NVIDIA will continue to see strong growth this year in the next chip cycle, but that growth has slowed, suggesting…
During Ukrainian President Volodymyr Zelenskiy’s visit to Paris on Monday, the Elysee Palace confirmed that Ukraine will buy “up to 100” French-made Rafale fighter jets, anti-aircraft defenses and drones from France. “We will have one of the largest and best air defense systems in the world,” Ukraine’s president told reporters after signing a memorandum of understanding with French President Emmanuel Macron at the Villacoublay air base southwest of Paris on Monday morning. President Zelenskiy told reporters at a press conference that the deal, which he called a “historic agreement”, includes eight air defense systems and six launchers. President Macron said…
Rory McIlroy capped off a career-defining year with his seventh title at the Race to Dubai, finishing top of the DP World Tour Achievement Award for the fourth consecutive season. 2025 was a memorable year in which McIlroy completed a career Grand Slam at the Masters, scored a dramatic playoff victory at the Amgen Irish Open, and starred for Team Europe in a historic Ryder Cup victory in New York. McIlroy went into the season-ending DP World Tour Championship with a 767-point lead over Marco Penge and 1,720 points over Tyrrell Hatton in the Race to Dubai rankings, but the…
The Swiss flag is hoisted on a ferry on Lake Geneva on Tuesday, August 5, 2025 in Geneva, Switzerland. The Swiss president rushed to the U.S. capital on Tuesday in a last-minute attempt to stop the U.S. president from imposing the highest tariffs on Switzerland among the developed world. Photographer: Andrew Kravchenko/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesSwitzerland’s fledgling trade deal with the United States has divided opinion, with government and business leaders hailing the country’s “reopening,” while critics warn it amounts to a sellout to the White House.The trade deal announced on Friday lowered Swiss export duties…
Nvidia founder and CEO Jensen Huang made this reaction during a press conference at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju on October 31, 2025. Jung Young Jae | AFP | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five important things investors need to know to start their trading day.1. Technical troubleAfter last week’s losses, and with Nvidia’s must-see earnings report just around the corner, investors are wondering what’s next for the artificial intelligence industry. Can the sector that has captivated Wall Street and Silicon Valley in recent…