Verizon’s new 5G network is ‘confusing’ and ‘difficult,’ according to early tests

Verizon activated its new 5G network in Chicago and Minneapolis on Wednesday. CNET tested Verizon’s early 5G network with a Moto Z3 phone and a $200 5G accessory that’s required to get it to work with the network right now. “Even carefully positioned a few feet away from the 5G node, the large on-screen icon exclaiming Verizon’s 5G network toggled back and forth from 4G to 5G,” CNET said. So, unlike 4G LTE, right now you don’t see the 5G icon even in a coverage area. There’s only one 5G phone on


Verizon activated its new 5G network in Chicago and Minneapolis on Wednesday. CNET tested Verizon’s early 5G network with a Moto Z3 phone and a $200 5G accessory that’s required to get it to work with the network right now. “Even carefully positioned a few feet away from the 5G node, the large on-screen icon exclaiming Verizon’s 5G network toggled back and forth from 4G to 5G,” CNET said. So, unlike 4G LTE, right now you don’t see the 5G icon even in a coverage area. There’s only one 5G phone on
Verizon’s new 5G network is ‘confusing’ and ‘difficult,’ according to early tests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: todd haselton
Keywords: news, cnbc, companies, phone, verizons, network, difficult, 5g, right, early, according, lte, tests, icon, speeds, verizon, confusing, coverage


Verizon's new 5G network is 'confusing' and 'difficult,' according to early tests

Verizon activated its new 5G network in Chicago and Minneapolis on Wednesday. It’s supposed to be much faster — the future of the way we use our phones and mobile devices — but early tests from CNET and The Verge in Chicago suggest it isn’t very good yet.

CNET tested Verizon’s early 5G network with a Moto Z3 phone and a $200 5G accessory that’s required to get it to work with the network right now.

“Even carefully positioned a few feet away from the 5G node, the large on-screen icon exclaiming Verizon’s 5G network toggled back and forth from 4G to 5G,” CNET said. “After two hours, we had run maybe one clean Speedtest.net app side by side with the Galaxy S10 Plus.” Samsung’s phone is a 4G LTE device.

The Verge said, “coverage is so extremely sparse that, for right now, I’d caution anyone against buying the 5G Moto Mod and paying Verizon an extra $10 every month to receive 5G,” even though it found “blazing fast data speeds.”

Verizon explained to CNBC why the network might have dropped in and out, but cautioned it did not know where the news outlets tested its network.

“When people try and look for coverage, the way the icon works on the phone is different than it works in the past,” Mike Haberman, Verizon’s vice president of network engineering, told CNBC, noting that the icon that shows a 5G connection only appears when you try to use 5G. So, unlike 4G LTE, right now you don’t see the 5G icon even in a coverage area. That will change in a couple of years.

But even where there was an indication of coverage, the network appeared to fail.

CNET found download speeds for a game took about the same on 5G and LTE networks, and downloading a movie on Netflix didn’t work. The site said the network felt like a “rush job” and called the experience “frustrating,” “confusing” and “absolutely insane,” even though it noticed download speeds coming in toward 600 megabits per second at times, on par with what Verizon is promising.

“There could have been an issue with the server or wherever the game was,” Haberman said. “That’s why people are using Speedtest because that rules out all of the other stuff. As you deploy these technologies, the other half of the ecosystem has to evolve as well.” Of course, Speedtest may show fast data speeds, but that doesn’t actually mean much for consumers if they can’t actually use those speeds yet.

These are very early tests of the network, and networks take time to build.

For example, 4G LTE rolled out over a couple of years and people experienced similar issues when it was new. Eventually, 5G will be able to solve one huge pain point for consumers: capacity. Right now, if you’re in a crowded place like a football stadium, you might have a hard time placing a call or getting data. Haberman said 5G adds enough capacity that customers won’t have to worry about that problem. That capacity will also allow more devices to connect in places like smart cities, which means city lights, pollution sensors, cameras and more can all run on the network at the same time without worry of network overcrowding.

There’s only one 5G phone on Verizon right now, but Verizon has an early exclusive on the Samsung Galaxy S10 5G, which will launch in the second half of this year. Until then, it sounds like you don’t need to rush to get a 5G device.

Read more on CNET and The Verge.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: todd haselton
Keywords: news, cnbc, companies, phone, verizons, network, difficult, 5g, right, early, according, lte, tests, icon, speeds, verizon, confusing, coverage


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Verizon’s new 5G network is ‘confusing’ and ‘difficult,’ according to early tests

Verizon activated its new 5G network in Chicago and Minneapolis on Wednesday. CNET tested Verizon’s early 5G network with a Moto Z3 phone and a $200 5G accessory that’s required to get it to work with the network right now. “Even carefully positioned a few feet away from the 5G node, the large on-screen icon exclaiming Verizon’s 5G network toggled back and forth from 4G to 5G,” CNET said. So, unlike 4G LTE, right now you don’t see the 5G icon even in a coverage area. There’s only one 5G phone on


Verizon activated its new 5G network in Chicago and Minneapolis on Wednesday. CNET tested Verizon’s early 5G network with a Moto Z3 phone and a $200 5G accessory that’s required to get it to work with the network right now. “Even carefully positioned a few feet away from the 5G node, the large on-screen icon exclaiming Verizon’s 5G network toggled back and forth from 4G to 5G,” CNET said. So, unlike 4G LTE, right now you don’t see the 5G icon even in a coverage area. There’s only one 5G phone on
Verizon’s new 5G network is ‘confusing’ and ‘difficult,’ according to early tests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: todd haselton
Keywords: news, cnbc, companies, network, early, coverage, 5g, verizon, right, according, difficult, lte, speeds, verizons, confusing, phone, icon, tests


Verizon's new 5G network is 'confusing' and 'difficult,' according to early tests

Verizon activated its new 5G network in Chicago and Minneapolis on Wednesday. It’s supposed to be much faster — the future of the way we use our phones and mobile devices — but early tests from CNET and The Verge in Chicago suggest it isn’t very good yet.

CNET tested Verizon’s early 5G network with a Moto Z3 phone and a $200 5G accessory that’s required to get it to work with the network right now.

“Even carefully positioned a few feet away from the 5G node, the large on-screen icon exclaiming Verizon’s 5G network toggled back and forth from 4G to 5G,” CNET said. “After two hours, we had run maybe one clean Speedtest.net app side by side with the Galaxy S10 Plus.” Samsung’s phone is a 4G LTE device.

The Verge said, “coverage is so extremely sparse that, for right now, I’d caution anyone against buying the 5G Moto Mod and paying Verizon an extra $10 every month to receive 5G,” even though it found “blazing fast data speeds.”

Verizon explained to CNBC why the network might have dropped in and out, but cautioned it did not know where the news outlets tested its network.

“When people try and look for coverage, the way the icon works on the phone is different than it works in the past,” Mike Haberman, Verizon’s vice president of network engineering, told CNBC, noting that the icon that shows a 5G connection only appears when you try to use 5G. So, unlike 4G LTE, right now you don’t see the 5G icon even in a coverage area. That will change in a couple of years.

But even where there was an indication of coverage, the network appeared to fail.

CNET found download speeds for a game took about the same on 5G and LTE networks, and downloading a movie on Netflix didn’t work. The site said the network felt like a “rush job” and called the experience “frustrating,” “confusing” and “absolutely insane,” even though it noticed download speeds coming in toward 600 megabits per second at times, on par with what Verizon is promising.

“There could have been an issue with the server or wherever the game was,” Haberman said. “That’s why people are using Speedtest because that rules out all of the other stuff. As you deploy these technologies, the other half of the ecosystem has to evolve as well.” Of course, Speedtest may show fast data speeds, but that doesn’t actually mean much for consumers if they can’t actually use those speeds yet.

These are very early tests of the network, and networks take time to build.

For example, 4G LTE rolled out over a couple of years and people experienced similar issues when it was new. Eventually, 5G will be able to solve one huge pain point for consumers: capacity. Right now, if you’re in a crowded place like a football stadium, you might have a hard time placing a call or getting data. Haberman said 5G adds enough capacity that customers won’t have to worry about that problem. That capacity will also allow more devices to connect in places like smart cities, which means city lights, pollution sensors, cameras and more can all run on the network at the same time without worry of network overcrowding.

There’s only one 5G phone on Verizon right now, but Verizon has an early exclusive on the Samsung Galaxy S10 5G, which will launch in the second half of this year. Until then, it sounds like you don’t need to rush to get a 5G device.

Read more on CNET and The Verge.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: todd haselton
Keywords: news, cnbc, companies, network, early, coverage, 5g, verizon, right, according, difficult, lte, speeds, verizons, confusing, phone, icon, tests


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It’s difficult to make investment calls around Brexit, says BNY Mellon

It’s difficult to make investment calls around Brexit, says BNY Mellon2 Hours AgoJohn Velis of BNY Mellon Markets says it’s been very difficult to ascertain which direction the British pound would move as parliamentary debate on Brexit continues in the U.K.


It’s difficult to make investment calls around Brexit, says BNY Mellon2 Hours AgoJohn Velis of BNY Mellon Markets says it’s been very difficult to ascertain which direction the British pound would move as parliamentary debate on Brexit continues in the U.K.
It’s difficult to make investment calls around Brexit, says BNY Mellon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29
Keywords: news, cnbc, companies, uk, markets, velis, investment, difficult, bny, pound, calls, mellon2, parliamentary, brexit, mellon


It's difficult to make investment calls around Brexit, says BNY Mellon

It’s difficult to make investment calls around Brexit, says BNY Mellon

2 Hours Ago

John Velis of BNY Mellon Markets says it’s been very difficult to ascertain which direction the British pound would move as parliamentary debate on Brexit continues in the U.K.


Company: cnbc, Activity: cnbc, Date: 2019-03-29
Keywords: news, cnbc, companies, uk, markets, velis, investment, difficult, bny, pound, calls, mellon2, parliamentary, brexit, mellon


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7 in 10 Americans are avoiding difficult conversations at work — here’s how to tackle them

She outlined three tips to prepare yourself for a difficult conversation at work. Expect the best, but prepare for the worstWhile you will be hoping for the best possible resolution to your conversation, it’s helpful to prepare yourself for a potential negative outcome. That way, you will be better able to keep your emotions in check and avoid escalating the situation, Sheehan noted. “Try to think through the worst-case scenarios and prepare for how you might respond in that situation. Say it ou


She outlined three tips to prepare yourself for a difficult conversation at work. Expect the best, but prepare for the worstWhile you will be hoping for the best possible resolution to your conversation, it’s helpful to prepare yourself for a potential negative outcome. That way, you will be better able to keep your emotions in check and avoid escalating the situation, Sheehan noted. “Try to think through the worst-case scenarios and prepare for how you might respond in that situation. Say it ou
7 in 10 Americans are avoiding difficult conversations at work — here’s how to tackle them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: karen gilchrist, -tohervey, ceo of bravely
Keywords: news, cnbc, companies, tackle, difficult, try, heres, say, americans, situation, important, avoiding, conversation, best, think, work, conversations, prepare, sheehan, way


7 in 10 Americans are avoiding difficult conversations at work — here's how to tackle them

Nevertheless, approaching difficult conversations is not only an important workplace skill, it could also be what enables your next step forward, said Sarah Sheehan, Bravely’s chief customer officer, who co-founded the company with Hervey as a platform for confidential professional advice.

She outlined three tips to prepare yourself for a difficult conversation at work.

1. Consider viewpoints beyond your own

“It’s easy to think about yourself and only yourself when you’re dealing with something challenging at work, but take the time to think through how someone might see it from the other side, and whether certain circumstances could be creating the situation at hand,” said Sheehan.

Your manager is a person, too, noted Sheehan, so sometimes the best thing you can do is to put yourself in their shoes and try to think things through from a new perspective.

2. Expect the best, but prepare for the worst

While you will be hoping for the best possible resolution to your conversation, it’s helpful to prepare yourself for a potential negative outcome. That way, you will be better able to keep your emotions in check and avoid escalating the situation, Sheehan noted.

“Try to think through the worst-case scenarios and prepare for how you might respond in that situation. That way, you might be less likely to react with emotion,” she said.

3. Say it out loud

Finally, try rehearsing the conversation, either to yourself or someone else, to hone your message and perfect your delivery, said Sheehan.

“It will no doubt feel awkward at first,” she said, adding that “forcing yourself to say the words will help you hone how you deliver it, control the tone (which is super important!), and ensure you stick the landing.”

Don’t miss: Think your boss hates you? You could be onto something

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Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: karen gilchrist, -tohervey, ceo of bravely
Keywords: news, cnbc, companies, tackle, difficult, try, heres, say, americans, situation, important, avoiding, conversation, best, think, work, conversations, prepare, sheehan, way


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Congress asked the Fed chief about marijuana banking: ‘It would be nice to have clarity’

“It puts financial institutions in a very difficult place and puts the supervisors in a difficult place, too. That’s put marijuana retailers and banks within those jurisdictions in a tough position. Hemp, a plant related to marijuana minus the psychoactive drug THC, is said to ease a wide range of medical ailments, including epilepsy and arthritis. Questions remain, however, for those who want to sell or bank money from the marijuana business. Others have brought the just-say-no attitude to Wall


“It puts financial institutions in a very difficult place and puts the supervisors in a difficult place, too. That’s put marijuana retailers and banks within those jurisdictions in a tough position. Hemp, a plant related to marijuana minus the psychoactive drug THC, is said to ease a wide range of medical ailments, including epilepsy and arthritis. Questions remain, however, for those who want to sell or bank money from the marijuana business. Others have brought the just-say-no attitude to Wall
Congress asked the Fed chief about marijuana banking: ‘It would be nice to have clarity’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: thomas franck, mary f calvert
Keywords: news, cnbc, companies, marijuana, bank, fed, wall, congress, chief, financial, banking, clarity, hemp, asked, nice, drug, cannabis, federal, difficult, banks


Congress asked the Fed chief about marijuana banking: 'It would be nice to have clarity'

Federal Reserve Chairman Jerome Powell said before the U.S. Senate Tuesday that conflicting federal and state laws on the sale of marijuana and other cannabis products put bank supervisors in a “very difficult place.”

Asked by Sen. Robert Menendez, D-N.J., about the Fed’s thoughts on the cannabis space, the leader of the U.S. central bank said further regulatory guidance would be helpful for bank overseers.

“I think it would be great to have clarity,” Powell said from Capitol Hill. “It puts financial institutions in a very difficult place and puts the supervisors in a difficult place, too. It would be nice to have clarity on that supervisory relationship.”

Cannabis has proven a puzzling topic for both Washington and Wall Street, which is discovering a unique set of hurdles as it explores the burgeoning marijuana and hemp markets, ranging from lending restrictions to disagreeing local laws. Marijuana remains illegal on a federal level in the United States, but 10 states and the District of Columbia have allowed its use for recreational purposes. Michigan became one of the latest to OK marijuana in November.

New Jersey legislators are also considering the legalization of recreational marijuana.

That’s put marijuana retailers and banks within those jurisdictions in a tough position. To accept deposits or loan to cannabis businesses could put a financial institution at odds with the Department of Justice and the Food and Drug Administration, which prohibits companies from adding active ingredients that are drug products in foods and drinks.

Some of that uncertainty was cleared up late last year, when the recent U.S. farm bill removed hemp from the federal government’s list of controlled substances and opened up nascent markets in CBD, cannabidiol. Hemp, a plant related to marijuana minus the psychoactive drug THC, is said to ease a wide range of medical ailments, including epilepsy and arthritis.

Questions remain, however, for those who want to sell or bank money from the marijuana business. A flurry of federal regulations currently deter banks from working with legal dispensaries in the U.S. and mandate that banks and other financial firms file “suspicious activity reports” to help monitor money laundering. Others have brought the just-say-no attitude to Wall Street, steering clear of any services related to the marijuana business for fear of federal prosecution.


Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: thomas franck, mary f calvert
Keywords: news, cnbc, companies, marijuana, bank, fed, wall, congress, chief, financial, banking, clarity, hemp, asked, nice, drug, cannabis, federal, difficult, banks


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Treasury yields fall amid US-China trade talks

“There’s obviously an incentive for both sides to reach a deal,” James Athey, senior investment manager at Aberdeen Standard Investments, told CNBC’s “Squawk Box Europe” on Friday. “The problem is that you’re now getting to the more difficult part of the negotiation, which is things like the IP (intellectual property) problem.” One of President Donald Trump’s biggest contentions with Beijing is the claim that the country has stolen intellectual property and trade secrets from American companies.


“There’s obviously an incentive for both sides to reach a deal,” James Athey, senior investment manager at Aberdeen Standard Investments, told CNBC’s “Squawk Box Europe” on Friday. “The problem is that you’re now getting to the more difficult part of the negotiation, which is things like the IP (intellectual property) problem.” One of President Donald Trump’s biggest contentions with Beijing is the claim that the country has stolen intellectual property and trade secrets from American companies.
Treasury yields fall amid US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: ryan browne, spriha srivastava
Keywords: news, cnbc, companies, fall, amid, treasury, james, talks, yields, risen, trade, property, uschina, difficult, fed, deal, intellectual, president, continue


Treasury yields fall amid US-China trade talks

Market players continue to monitor the latest round of negotiations between Washington and Beijing. Optimism has risen over the chances of both countries securing a deal to end their protracted trade war, but some experts say the most difficult part is yet to come as high level talks continue into Friday.

“There’s obviously an incentive for both sides to reach a deal,” James Athey, senior investment manager at Aberdeen Standard Investments, told CNBC’s “Squawk Box Europe” on Friday.

“The problem is that you’re now getting to the more difficult part of the negotiation, which is things like the IP (intellectual property) problem.”

One of President Donald Trump’s biggest contentions with Beijing is the claim that the country has stolen intellectual property and trade secrets from American companies. Both nations are a week away from an early March deadline to secure a trade deal, however speculation has risen there may be an extension to that target.

Elsewhere, a flurry of speeches from Fed policymakers are due throughout the day, with New York Fed President John Williams, San Francisco Fed President Mary Daly, Philadelphia Fed Chairman Patrick Harker and St. Louis Fed President James Bullard expected to speak on the U.S. economy and monetary policy at separate events.

There are no auctions scheduled for Friday.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: ryan browne, spriha srivastava
Keywords: news, cnbc, companies, fall, amid, treasury, james, talks, yields, risen, trade, property, uschina, difficult, fed, deal, intellectual, president, continue


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Apple should buy Netflix but it would likely cost at least $189 billion, JP Morgan says

Apple and Netflix did immediately respond to requests for comment on J.P. Morgan’s speculation. And third, while difficult, Netflix would be easier to acquire than Hulu and Amazon Prime. J.P. Morgan thinks Apple needs to buy instead of starting a streaming service on its own. Additionally, J.P. Morgan thinks a combination with Netflix could streamline Apple’s advertising revenue. Shares of Apple and Netflix rose 2.1 percent and 2.5 percent, respectively, in Monday trading.


Apple and Netflix did immediately respond to requests for comment on J.P. Morgan’s speculation. And third, while difficult, Netflix would be easier to acquire than Hulu and Amazon Prime. J.P. Morgan thinks Apple needs to buy instead of starting a streaming service on its own. Additionally, J.P. Morgan thinks a combination with Netflix could streamline Apple’s advertising revenue. Shares of Apple and Netflix rose 2.1 percent and 2.5 percent, respectively, in Monday trading.
Apple should buy Netflix but it would likely cost at least $189 billion, JP Morgan says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: michael sheetz, brendan mcdermid, stephanie keith, getty images
Keywords: news, cnbc, companies, likely, buy, difficult, morgan, chatterjee, netflix, drive, jp, 189, cost, fit, content, thinks, streaming, apple, apples, billion


Apple should buy Netflix but it would likely cost at least $189 billion, JP Morgan says

Apple beats on earnings—Here’s what three experts are saying about the stock now 11:58 AM ET Wed, 30 Jan 2019 | 05:41

The note from Chatterjee outlines three industries the firm thinks would be a good fit for Apple to make strategic acquisitions and names three companies Apple should buy: Netflix, Activision Blizzard and Sonos. This is speculation from Chatterjee but comes as Apple’s long run of growth from the iPhone begins to dwindle. Chatterjee even notes specifically that the combination of Apple-Netflix is unlikely.

Apple and Netflix did immediately respond to requests for comment on J.P. Morgan’s speculation.

“We believe Apple can drive synergies between its leading position in smartphones and the rapid transition of video consumption to mobile to drive stronger services growth,” Chatterjee said. “We find Netflix as the best strategic fit, although we appreciate a combination is less likely as Netflix is unlikely to be a seller for a modest premium.”

While Chatterjee said it would be difficult and pricey for Apple to acquire Netflix, he provided three reasons why the streaming service would be the best fit for Apple. First, Netflix fits with Apple’s preference of being an “aggregator of content,” he said, rather than a traditional media company like Sony Pictures. Second, the Netflix subscription model fits with Apple’s services revenue model. And third, while difficult, Netflix would be easier to acquire than Hulu and Amazon Prime.

J.P. Morgan thinks Apple needs to buy instead of starting a streaming service on its own.

“Video streaming, including original video content, is a highly competitive market with established traditional media houses as well new entrants fighting aggressively for incremental subscribers, which is likely to make it difficult to scale any new platform to compete effectively,” Chatterjee said.

Additionally, J.P. Morgan thinks a combination with Netflix could streamline Apple’s advertising revenue.

“An acquisition of Netflix could help Apple drive consumers faster to their gateway app, which is serving as an aggregator of content and multiple subscriptions, and could enhance the opportunity around potential advertising revenues in the future,” Chatterjee added.

Shares of Apple and Netflix rose 2.1 percent and 2.5 percent, respectively, in Monday trading.

Disclosure: Comcast, which owns CNBC parent NBCUniversal, is a co-owner of Hulu.

– CNBC’s Michael Bloom contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: michael sheetz, brendan mcdermid, stephanie keith, getty images
Keywords: news, cnbc, companies, likely, buy, difficult, morgan, chatterjee, netflix, drive, jp, 189, cost, fit, content, thinks, streaming, apple, apples, billion


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Replacing Venezuelan crude oil could be difficult: Argus Media

Replacing Venezuelan crude oil could be difficult: Argus Media14 Hours AgoReza Amanat of Argus Media says the U.S. sanctions on Venezuela will directly impact American oil refiners.


Replacing Venezuelan crude oil could be difficult: Argus Media14 Hours AgoReza Amanat of Argus Media says the U.S. sanctions on Venezuela will directly impact American oil refiners.
Replacing Venezuelan crude oil could be difficult: Argus Media Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-28
Keywords: news, cnbc, companies, refiners, media14, media, difficult, replacing, oil, crude, argus, venezuela, venezuelan, sanctions, impact


Replacing Venezuelan crude oil could be difficult: Argus Media

Replacing Venezuelan crude oil could be difficult: Argus Media

14 Hours Ago

Reza Amanat of Argus Media says the U.S. sanctions on Venezuela will directly impact American oil refiners.


Company: cnbc, Activity: cnbc, Date: 2019-01-28
Keywords: news, cnbc, companies, refiners, media14, media, difficult, replacing, oil, crude, argus, venezuela, venezuelan, sanctions, impact


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WEF: Trade war makes dealing with China more difficult, CEO says

A long-running trade war between the world’s two-largest economies is taking its toll on business sentiment in the Middle East, according to the chief executive of real estate and property services firm Majid Al Futtaim. A trade dispute between the U.S. and China has battered financial markets in recent months, with market participants increasingly concerned the conflict could soon destabilize the global economy. “From an import and an export standpoint, China is a very important trade partner (


A long-running trade war between the world’s two-largest economies is taking its toll on business sentiment in the Middle East, according to the chief executive of real estate and property services firm Majid Al Futtaim. A trade dispute between the U.S. and China has battered financial markets in recent months, with market participants increasingly concerned the conflict could soon destabilize the global economy. “From an import and an export standpoint, China is a very important trade partner (
WEF: Trade war makes dealing with China more difficult, CEO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: sam meredith, vcg, getty images
Keywords: news, cnbc, companies, worse, worlds, war, dealing, ceo, wef, difficult, trade, middle, east, bejjani, makes, world, china


WEF: Trade war makes dealing with China more difficult, CEO says

A long-running trade war between the world’s two-largest economies is taking its toll on business sentiment in the Middle East, according to the chief executive of real estate and property services firm Majid Al Futtaim.

A trade dispute between the U.S. and China has battered financial markets in recent months, with market participants increasingly concerned the conflict could soon destabilize the global economy.

“From an import and an export standpoint, China is a very important trade partner (to the Middle East). So, the question is … Is it going to be better or worse?” CEO Alain Bejjani told CNBC’s Hadley Gamble at the World Economic Forum (WEF) in Davos on Monday.

“One thing is for sure, dealing with China is becoming more difficult,” Bejjani added.


Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: sam meredith, vcg, getty images
Keywords: news, cnbc, companies, worse, worlds, war, dealing, ceo, wef, difficult, trade, middle, east, bejjani, makes, world, china


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Tesla cuts 7% of its workforce, saying there’s a ‘very difficult’ road ahead

Tesla is cutting its full-time staff headcount by approximately 7 percent, as it ramps up production of its Model 3 sedans, CEO Elon Musk said Friday. Tesla shares fell almost 8 percent in premarket trade following the news. In an email to employees, Musk notes that the company faces a “very difficult” road ahead in its long-term goal to sell affordable renewable energy products at scale, noting the company is younger than other players in the industry. “Tesla will need to make these cuts while


Tesla is cutting its full-time staff headcount by approximately 7 percent, as it ramps up production of its Model 3 sedans, CEO Elon Musk said Friday. Tesla shares fell almost 8 percent in premarket trade following the news. In an email to employees, Musk notes that the company faces a “very difficult” road ahead in its long-term goal to sell affordable renewable energy products at scale, noting the company is younger than other players in the industry. “Tesla will need to make these cuts while
Tesla cuts 7% of its workforce, saying there’s a ‘very difficult’ road ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: ryan browne, bobyip
Keywords: news, cnbc, companies, road, cuts, products, workforce, model, younger, affordable, ahead, theres, musk, production, employees, energy, scale, company, saying, difficult, tesla


Tesla cuts 7% of its workforce, saying there's a 'very difficult' road ahead

Tesla is cutting its full-time staff headcount by approximately 7 percent, as it ramps up production of its Model 3 sedans, CEO Elon Musk said Friday.

The announcement come on the back of various cost-cutting measures the company has made of late, as it looks to reduce the price of its products and boost margins.

Tesla shares fell almost 8 percent in premarket trade following the news.

In an email to employees, Musk notes that the company faces a “very difficult” road ahead in its long-term goal to sell affordable renewable energy products at scale, noting the company is younger than other players in the industry.

“Tesla will need to make these cuts while increasing the Model 3 production rate and making many manufacturing engineering improvements in the coming months,” Musk said in the company update.

“Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity, but succeeding in our mission is essential to ensure that the future is good, so we must do everything we can to advance the cause,” he added.

You can read the full text of Musk’s note to employees here.


Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: ryan browne, bobyip
Keywords: news, cnbc, companies, road, cuts, products, workforce, model, younger, affordable, ahead, theres, musk, production, employees, energy, scale, company, saying, difficult, tesla


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