Huawei’s profit doubled in 2023 as smartphone, autos business picked up

Huawei brought one of the largest displays to Mobile World Congress in Barcelona in February 2024. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings. The company also attributed the profit gains to revenue growth of … Read more

Turkey’s local elections — and whoever wins Istanbul — could dictate future

As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background.  Vw Pics | Universal Images Group | Getty Images Turkish President Recep Tayyip Erdogan once said that whoever wins Istanbul wins Turkey. If that’s the case, the stakes … Read more

Boeing takes backup role in flying NASA astronauts

Boeing’s crew transportation vehicle drives across NASA’s Kennedy Space Center carrying astronauts Suni Williams and Barry Wilmore during a prelaunch simulation on Jan. 31, 2024. Amber Jean Notvest / NASA CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC’s Michael Sheetz reports and … Read more

How this bull market could unravel, according to Larry McDonald

Lawrence McDonald, author of “A Colossal Failure of Common Sense” and “How to Listen When Markets Speak.” Scott Mlyn | CNBC The recent stock market rally and the surprisingly resilient U.S. economy are reliant on an uneasy balancing act between the U.S. Treasury market, the oil market and struggling regional banks, according to one bestselling … Read more

Minnesota Timberwolves sale to A-Rod and Marc Lore falls apart

Co-owners Alex Rodriguez, right, and Marc Lore of the Minnesota Timberwolves during a game against the Los Angeles Lakers at Target Center Minneapolis, Minnesota, on Dec. 30, 2023. David Berding | Getty Images Sport | Getty Images The National Basketball Association’s Minnesota Timberwolves and the Women’s National Basketball Association’s Lynx are no longer for sale … Read more

What a one-night journey costs

Reservations for Italy’s new “La Dolce Vita Orient Express” train open Tuesday. Luxury train enthusiasts may want to lock in the current rate now — before it climbs any higher. Starting rates for a one-night journey on the luxury train increased from 2,000 euros ($2,168) per person in December 2022 to 2,500 euros per person … Read more

Nonfarm payroll data and Disney’s proxy fight

CNBC’s Jim Cramer on Thursday guided investors through next week’s Wall Street action, saying to pay attention to new nonfarm payroll data and Walt Disney’s annual shareholder meeting, where its long and arduous proxy fight will come to a head. “In my view, the market’s now well-prepared for a hot employment number, so if the labor … Read more

World’s biggest shipping firm dumps port cargo problem on US companies

MSC, the largest ocean carrier in the world, has joined the list of ocean carriers terminating the delivery of diverted containers outside of the port for shipping clients as a result of the container ship accident near the Port of Baltimore that led to the tragic bridge collapse. With the Baltimore port indefinitely closed, the … Read more

Reddit shares plunge 25% in two days, end week below first day close

The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images Reddit shares are plummeting after experiencing a rally stemming from the social media company’s IPO last week. Shares closed at $49.32, ending the … Read more