Business

Despite ongoing unrest in the Middle East, Saudi Arabia’s tourism chief said the kingdom is “very safe” and he doesn’t see the disorder impacting tourist arrivals. “I’m not worried at all because Saudi Arabia is very safe,” Ahmad Al-Khatib, chairman of the Saudi Commission for Tourism and National Heritage, told CNBC’s Hadley Gamble on Tuesday.
0 Comments
If you can’t beat ’em, join ’em. Fast-casual restaurant chains like Chipotle Mexican Grill and Sweetgreen have been stealing customers from full-service restaurant chains like Outback Steakhouse and IHOP. To fight back, some casual dining chains have been launching spinoff restaurants that copy that business model. Fast-casual restaurants are smaller in size, with less seating
0 Comments
CNBC’s Jim Cramer attributed late-Tuesday’s market sell-off to China tariffs worries combined with an overbought market. The “Mad Money” host sat down with Medtronic’s outgoing CEO Omar Ishrak to get an update on robotic-assisted surgery systems. Later in the show, he broke down what climate change will impact investing on Wall Street. The rise comes
0 Comments
CNBC’s Jim Cramer advised investors be careful about their stock picks as Wall Street sets new highs. The “Mad Money” host predicted that Tyson Foods has a lot to gain from a phase one trade deal between the U.S. and China. Later in the show he suggested Bed Bath & Beyond as a buying opportunity,
0 Comments
Following a secretive escape last week from Japan to Lebanon, former Nissan chief Carlos Ghosn publicly defended himself Wednesday — for the first time since his initial arrest in November 2018 — against accusations of financial misconduct and misuse of corporate resources. Ghosn adamantly denied all charges against him and defended his decision to become
0 Comments
A Boeing 737 passenger plane with 180 aboard crashed in Iran after take-off, according to Iranian news agencies. Iran’s Fars News Agency reported that the Ukrainian plane crashed due to technical problems after taking off from Iran’s Imam Khomeini airport. The plane belonged to Ukranian Airlines, according to ISNA, another Iranian news agency. CNBC has
0 Comments
Carlos Ghosn, former chairman of Nissan Motor Co., sits in a vehicle as he leaves his lawyer’s office in Tokyo, Japan, on Wednesday, March 6, 2019. Takaaki Iwabu | Bloomberg | Getty Images As Nissan’s former Chairman Carlos Ghosn made his way from Osaka, Japan to Istanbul, Turkey in a private jet, the price of
0 Comments
Workers producing clothes in a factory in Huaibei, China. STR | AFP | Getty Images A private survey released on Thursday showed China’s manufacturing activity expanded in the month of December. The Markit/Caixin Purchasing Managers’ Index (PMI) for manufacturing came in at 51.5, compared to 51.8 in November. Analysts polled by Reuters had expected the private manufacturing
0 Comments
An employee picks up a Juul Labs device kit for a customer at a store in San Francisco. David Paul Morris | Bloomberg | Getty Images The Trump administration will ban flavored e-cigarette pods, with the exception of menthol and tobacco flavors, and flavored liquid nicotine products commonly sold in vape shops, a senior administration
0 Comments
This photo taken on May 3, 2018 shows a worker cutting steel at a factory in Huaibei in China’s eastern Anhui province. AFP | Getty Images China’s official Purchasing Managers’ Index for manufacturing came in slightly above expectations at 50.2 for the month of December, the country’s statistics bureau said on Tuesday. Economists polled by Reuters had
0 Comments
A contractor guides a steel beam into place while working on the Korean Air Wilshire Grand hotel and office building in downtown Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images For some people, a bad day at work means missing a deadline or getting yelled at by your boss. For others, it means
0 Comments