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Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption

Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption

A new Volkswagen ID.3 electric car prepares to pass final inspection at the Volkswagen plant on May 14, 2025 in Dresden, Germany. Sean Gallup | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday warned of temporary production outages citing China’s export restrictions on semiconductors made by Nexperia. The update comes shortly

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AI is already taking white-collar jobs. Economists warn there’s ‘much more in the tank’

AI is already taking white-collar jobs. Economists warn there’s ‘much more in the tank’

Marc Benioff, chief executive officer of Salesforce Inc., speaks during the 2025 Dreamforce conference in San Francisco, California, US, on Tuesday, Oct. 14, 2025. Michael Short | Bloomberg | Getty Images JPMorgan Chase and Goldman Sachs are harnessing it to employ fewer people. Ford CEO Jim Farley warned that it will “replace literally half of

AI is already taking white-collar jobs. Economists warn there’s ‘much more in the tank’ Read More »

Here’s how much prices are rising across the fashion industry

Here’s how much prices are rising across the fashion industry

People shop for clothing at a Costco store in Monterey Park, California on November 22, 2022. Frederic J. Brown | Afp | Getty Images Prices are rising across the fashion industry – with jackets and outerwear seeing the steepest year-over-year increases, according to a new report from consulting firm AlixPartners published Wednesday.  The firm analyzed

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Baidu’s Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up

Baidu’s Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up

Chinese tech company Baidu announced Wednesday its Apollo Go robotaxi arm has entered a strategic partnership with PostBus in Switzerland. Baidu BEIJING — Chinese tech giant Baidu announced Wednesday that its robotaxi unit will start test drives in Switzerland in December, as firms race to get their vehicles on European roads. The company’s Apollo Go

Baidu’s Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up Read More »

CNBC Daily Open: Netflix holds its own even as other media companies rethink their strategy

CNBC Daily Open: Netflix holds its own even as other media companies rethink their strategy

Cast and filmmakers hop on the KPop Demon Hunters-Sing Along Experience at Paris Theater on August 23, 2025 in New York City, U.S. Roy Rochlin | Getty Images Entertainment | Getty Images Netflix’s business leaders and investors probably aren’t enjoying a soda pop after the release of its third-quarter results. While the company’s revenue met

CNBC Daily Open: Netflix holds its own even as other media companies rethink their strategy Read More »

Fund managers say an AI bubble is now the biggest risk to their portfolios — but it’s not enough to stop them betting on stocks

Fund managers say an AI bubble is now the biggest risk to their portfolios — but it’s not enough to stop them betting on stocks

Concerns about an artificial intelligence bubble are on the rise — but many investors are willing to put them to one side in the quest for mounting returns. In the most recent iteration of Bank of America’s Global Fund Managers Survey, a potential AI bubble was identified as the biggest tail risk to markets. The

Fund managers say an AI bubble is now the biggest risk to their portfolios — but it’s not enough to stop them betting on stocks Read More »

Over 800 public figures, including Apple co-founder Steve Wozniak and Virgin’s Richard Branson urge AI ‘superintelligence’ ban

Over 800 public figures, including Apple co-founder Steve Wozniak and Virgin’s Richard Branson urge AI ‘superintelligence’ ban

Eakarat Buanoi | Istock | Getty Images A group of prominent figures, including artificial intelligence and technology experts, has called for an end to efforts to create ‘superintelligence’ — a form of AI that would surpass human intellect.  More than 800 people, including Apple cofounder Steve Wozniak and former U.S. National Security Advisor Susan Rice,

Over 800 public figures, including Apple co-founder Steve Wozniak and Virgin’s Richard Branson urge AI ‘superintelligence’ ban Read More »

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