West African coup juntas threaten to quit regional bloc: What it means

West African coup juntas threaten to quit regional bloc: What it means

ACCRA, Ghana – ECOWAS flag with member flags at the second extraordinary summit on the political situation in Burkina Faso, in Accra, Ghana, on February 3, 2022. Photo by NIPAH DENNIS/AFP via Getty Images Three West African countries currently under the rule of military juntas have announced plans to exit the Economic Community of West … Read more

Banking fears stir once again

Banking fears stir once again

A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | Reuters T his report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where … Read more

Biden’s clean energy plan to cost far more than initial estimates

Biden’s clean energy plan to cost far more than initial estimates

Phillip Swagel Danny Moloshok | Reuters WASHINGTON — The U.S. budget deficit will grow by an estimated $1 trillion over the next 10 years, the nonpartisan Congressional Budget Office projected in a new report Wednesday. Part of that growth will be driven by unexpectedly high costs related to President Joe Biden’s signature policy goal: Reorienting … Read more

Over 18 million rental units at risk from environmental hazards: Study

Over 18 million rental units at risk from environmental hazards: Study

D3sign | Stone | Getty Images Extreme weather and climate hazards are becoming more frequent, posing a threat not only for homeowners but for renters. More than 18 million rental units across the U.S. are exposed to climate- and weather-related hazards, according to the latest American Rental Housing Report from Harvard University’s Joint Center for … Read more

WTI, Brent rise as U.S. production plateaus

WTI, Brent rise as U.S. production plateaus

Pipeline and crude storage tanks in Cushing Oklahoma. Justin Solomon | CNBC Crude oil futures rose for a third day as U.S. production this year is expected to grow less than expected, easing worries that the market is oversupplied. The West Texas Intermediate contract for March added 59 cents, or 0.80%, to $73.90 a barrel, … Read more

U.S. engineer contacted China before stealing missile tech

U.S. engineer contacted China before stealing missile tech

A deactivated Titan II nuclear ICMB is seen in a silo at the Titan Missile Museum on May 12, 2015 in Green Valley, Arizona.  Brendan Smialowski | AFP | Getty Images Federal prosecutors charged an engineer who worked at a Los Angeles-area company with stealing trade secret technologies developed for use by the U.S. government … Read more

Public utilities fall short on wildfire risk mitigation

Public utilities fall short on wildfire risk mitigation

Five years and 2,500 miles apart, fires devastated thriving communities — and major U.S. utility companies stood at the center of the infernos. It’s a story increasingly familiar in the energy industry: Some utility companies don’t properly assess the risks wildfires pose to their operations. A failure to mitigate these risks can have disastrous consequences … Read more

Tech layoffs continue to hit

Tech layoffs continue to hit

FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Stocks … Read more

No letup in tech layoffs

No letup in tech layoffs

Justin Tallis | AFP via Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Stocks advanceU.S. stocks gained … Read more

Toyota to invest $1.3 billion for large all-electric SUV in Kentucky

Toyota to invest .3 billion for large all-electric SUV in Kentucky

Akio Toyoda, Chairman of Toyota Motor Corp. Yoshikazu Tsuno | Gamma-rapho | Getty Images Toyota Motor is investing $1.3 billion in a Kentucky plant to produce a new all-electric, three-row SUV for the U.S. market, the company said Tuesday. The vehicle is expected to go into production between late 2025 and early 2026, according to a … Read more