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Boeing warns that the shutdown could hurt its business and the overall aviation industry

The U.S. government shutdown hasn’t had much of an impact on Boeing yet, but the world’s largest aircraft manufacturer is calling on Washington to reach a deal quickly before the impasse starts taking a toll on the industry. Boeing emailed a statement to CNBC on the sidelines of the World Economic Forum in Davos, warning of bigger impacts on its …

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Here's what using foldable smartphones will be like in the future

Chinese phone maker Xiaomi recently revealed a device that, at first glance, looks like a tablet. Then it folds up into a phone. While it’s just a prototype, it’s an example of a trend that’s likely to occur in the coming years, as popular device makers begin to sell products with folding screens. Check it out for yourself: The Xiaomi …

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Hulu is dropping the price of its most popular plan to $5.99 per month

Hulu is dropping the price of its most popular plan to $5.99 per month — down from $7.99 — as the company works to stay competitive in a crowded video streaming space, the company announced Wednesday. The ad-free version of Hulu is sticking at $11.99 per month, and Hulu’s live TV option will see a small price hike, to $44.99 …

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Apple and Microsoft's CEOs were pictured at dinner with Brazil's far-right president in Davos

Apple CEO Tim Cook and Microsoft CEO Satya Nadella were seen at the same dinner table as Brazil’s far-right President Jair Bolsonaro in a picture that surfaced on Twitter. Tweet The unlikely group convened at an event on Tuesday for politicians and business leaders at the World Economic Forum in Davos, Switzerland, according to Business Insider. The dinner was reportedly …

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Egypt wants an Apple hub despite ongoing fight over iPhone prices

Egypt would like to see a more direct physical presence from tech giant Apple even as the two are caught up in conflict over local iPhone sales, the country’s Prime Minister Mostafa Madbouli said Wednesday. “I think Egypt is a big market and attractive for Apple to exist in directly. Apple has been in Egypt but through indirect agents, suppliers …

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White House chief economist: We could see 'zero' growth in first quarter because of shutdown

The chairman of President Donald Trump’s Council of Economic Advisers said Wednesday the United States could post no economic growth in the first quarter if the federal government does not reopen. “If [the shutdown] extended for the whole quarter, and given the fact that the first quarter tends to be low because of residual seasonality, then you could end up …

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Jamie Dimon says Americans have 'some of the worst outcomes' in health care despite the best system

J.P. Morgan CEO Jamie Dimon renewed his criticism of health care in the U.S. on Wednesday, saying Americans have some of the “worst outcomes” despite having the best system in the world, he told CNBC’s “Squawk Box.” “With health care, we have the best in the world — doctors, hospitals, pharma, you name it — but we also have some …

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Procter & Gamble isn't seeing a slowdown in China

Apple and McDonald’s are seeing sales in China soften because of the country’s slowing economy, but that’s not the case for Procter & Gamble. “We do not see a slowdown in China as witnessed by those results,” CFO Jon Moeller said Wednesday on a conference call with analysts. The company’s organic sales in the country grew by 15 percent during …

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Anheuser-Busch CEO: No evidence legalized cannabis is hurting alcohol sales

Beer sales in the U.S. have been declining, and some have pointed to the legalization of cannabis as a possible explanation. But Anheuser-Busch InBev CEO Carlos Brito said that the company still doesn’t have any data to prove that. AB InBev is world’s largest beer company, but its North America beer volume dropped by 3 percent during the first nine …

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Alibaba's Jack Ma suggests technology could result in a new world war

Chinese billionaire Jack Ma has warned that technology could lead to a third world war. The Alibaba founder said Wednesday that history shows technological innovation is a primary factor behind global conflicts. “The first world war was because of the first technology revolution,” he said at the World Economic Forum in Davos, Switzerland. “The second technology revolution caused the second …

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