Monthly Archives: November 2022

Photos show a plane after it crashed into live power lines in Maryland, leaving two passengers stuck for seven hours

A small plane caught in power lines after crashing on Sunday, November 27, 2022, in Montgomery Village, Maryland. AP Photo/Tom Brenner A small plane crashed into live power lines in Maryland on Sunday evening, authorities said. The two passengers were stuck for seven hours before they could be rescued, the fire chief said. The pair…

Australian LNG exporter ships a rare cargo to Europe as buyers rush to secure alternatives to Russian supplies

Europe received its first LNG cargo from Australian energy firm Woodside Energy Group. Getty Images Australian energy company Woodside delivered an LNG cargo to Europe amid an energy crisis.  A cargo of 75,000 tonnes of natural gas arrived for German utility Uniper on Sunday.  European buyers are rushing to secure natural gas from alternative sellers…

I got fired from Twitter the day before Thanksgiving. I was pro-Musk but it didn’t save me.

On November 18, Elon Musk asked software engineers to send via emails bullet points of their codes for the past six months. SAMUEL CORUM/AFP via Getty Images Engineer Ikuhiro Ihara was fired from Twitter the night before Thanksgiving. The firing shocked Ihara, who supported Elon Musk’s “Twitter 2.0” vision of “hardcore” working.  Ihara said he…

Experts explain why a Russian oil price cap might fall flat and instead give Putin’s biggest crude customers a boost.

Welcome back, readers. Senior reporter Phil Rosen here, I hope you had a restful Thanksgiving weekend.  December 5 is one week from today, and it’s not a stretch to say it could mark a historic turning point for how oil moves around the world.  That day marks the beginning of a price cap on Russian…

Beaten-down stocks may tumble further as a global recession and earnings slump take hold, top investor Peter Boockvar says

Peter Boockvar. CNBC Investors are excited about inflation slowing and the Fed ending its interest-rate hikes. Yet stocks could suffer from a global recession and earnings weakness, Peter Boockvar said. The Bleakley Advisory chief has warned home prices could drop 20% in some US housing markets. Investors are celebrating signs of slowing inflation, and the…

Apple faces shortfall of 6 million iPhone Pros because protests against COVID-19 restrictions are impacting production, report says

Injured workers sit on the ground during a protest outside a Foxconn factory in Zhengzhou, China. REUTERS Apple faces shortfall of six million iPhone Pros due to mass protests in China, per Bloomberg. Workers at the world’s largest iPhone factory have protested against pay and COVID-19 rules. Apple and its supplier Foxconn expect to make…

The Bahamas has hit out at ‘extremely regrettable’ criticism from FTX’s new CEO after the Nassau-based crypto giant collapsed

Sam Bankman-Fried and a Bahamas government building in Nassau. Tom Williams/CQ-Roll Call, Inc via Getty Images; Walter Bibikow/Getty Images After FTX went bankrupt, the Bahamas suspended its license and took control of its digital assets. But the island-nation has fired back at accusations that its regulations aren’t up to scratch. The Bahamas attorney general accused…

Adidas discussed buying the Yeezy name from Kanye West in 2018 to avoid staff being exposed to the rapper, report says

Ye, formerly Kanye West, in Paris, France, on October 2, 2022. Stephane Cardinale – Corbis/Corbis via Getty Images Adidas has been worried about Kanye West’s relationship around staff for years, per the WSJ. Execs suggested spinning off the Yeezy brand or even buying the trademark outright in 2018, per the report. Staff told the WSJ…