Articles by CNBC
We found 11 results.
Can the U.S. Afford Its Military Aid Promises?
CNBC - TRANSCEND Media Service,
20 May 2024
6 May 2024 – Joe Biden signed a $95 billion U.S. military aid package last April to Ukraine, Israel, Taiwan and the Indo-Pacific region. The NDAA of 2024 authorized military spending of a record $886 billion. “Most of that money will go to support US defense industries.” Lockheed Martin, RTX, General Dynamics, Boeing and Northrop Grumman had DoD contracts of more than $118 billion in 2022.
→ read full article
Trump Halts US Funding for World Health Organization as COVID-19 Pandemic Spreads throughout USA
Berkeley Lovelace Jr. and Noah Higgins-Dunn | CNBC – TRANSCEND Media Service,
20 Apr 2020
14 Apr 2020 – The U.S. will suspend funding to the WHO while it reviews the agency’s response to the Covid-19 pandemic. It’s unclear exactly what mechanism Trump intends to use to withhold WHO funding, much of which is appropriated by Congress.
→ read full article
Ray Dalio Says the Coming of Modern Monetary Theory Favored by Far Left Is ‘Inevitable’
Jeff Cox - CNBC,
2 Mar 2020
• Bridgewater Associates founder Ray Dalio says the coming of Modern Monetary Theory is “inevitable” to address wealth disparity in the U.S.
• The idea is backed by presidential candidate Bernie Sanders and Rep. Alexandria Ocasio-Cortez.
• Critics say using zero interest rates to finance big government spending could lead to hyperinflation.
DECLASSIFIED: Read the Intelligence Report on Russia Interfering with US Election
Jacob Pramuk – CNBC,
9 Jan 2017
The U.S. intelligence community on Friday [6 Jan] accused Russia of interfering in the 2016 election in its strongest terms yet. Read the full report: Assessing Russian Activities and Intentions in Recent US Elections
→ read full article5th Anniversary: Even Robots Can’t Stand Fukushima Radiation for Long
CNBC – TRANSCEND Media Service,
14 Mar 2016
Authorities don’t yet have a clear picture of each reactor. Typically, robots are used in such a scenario but the high radiation levels mean they can only work for a brief period of time. This means connecting this information with simulations to try to find out what really happened in each reactor.
→ read full article$3 Billion for Ukraine to Go Straight to…Russia
Michelle Caruso-Cabrera, CNBC – TRANSCEND Media Service,
17 Mar 2014
As Western leaders prepare a bailout package for embattled Ukraine, they face a startling irony: Thanks to the almost bizarre structure of a bond deal between Ukraine and Russia, billions of those dollars are almost certain to go directly into the coffers of the Putin government.
→ read full articleChina Outstrips US as World’s Biggest Goods Trader
Li Anne Wong, CNBC – TRANSCEND Media Service,
13 Jan 2014
China’s annual trade in goods topped $4 trillion for the first time last year, surpassing the U.S. as the world’s largest trader.
→ read full articleBitcoin Puzzle: Heads, It’s Excitement. Tails, It’s Anxiety.
Jeff Sommer - CNBC,
2 Dec 2013
Bitcoin isn’t ready for popular consumption, and it may never be. It doesn’t fit into a neat product category. Often called a virtual currency, it’s not legal tender anywhere on the planet. It’s not an income-generating asset class suitable for most investors. Its value, in dollars, fluctuates wildly from one minute to the next.
→ read full articleTop 1% Now Controls 39% of World’s Wealth
Robert Frank, CNBC – TRANSCEND Media Service,
3 Jun 2013
The world’s total private wealth grew 7.8 percent last year to $135 trillion, according to Global Wealth report. The top 1 percent controls $52.8 trillion, and those worth $5 million or more control nearly a quarter of the world’s wealth. That concentration is likely to increase in the coming years as the wealth of the wealthy grows faster than overall global wealth.
→ read full articleNuclear Power Falters, Engulfed by ‘Cauldron’ of Bad Luck
Javier E. David - CNBC,
27 May 2013
13 May 2013 – Once touted as a successor, or at least a competitor, to carbon-based power, the nuclear sector has taken a beating as the momentum behind new projects stalls and enthusiasm for domestic fossil fuel production grows.
→ read full article
Wall Street Legend Sandy Weill: Break Up Big Banks
CNBC – TRANSCEND Media Service,
30 Jul 2012
It’s nothing less than a remarkable about-face. One of the architects of mega banking is now calling for the breakup of the world’s largest banks. Sandy Weill, formerly CEO of Citigroup and Director of the Federal Reserve Bank of NY, told CNBC:
→ read full article