SpaceX's effort to put an additional 22,488 satellites into low-earth orbit is facing a formal objection from a Ukrainian-American nonprofit, which says it's concerned about CEO Elon Musk's "contacts with Russia and the alleged use of his Starlink system by Russian forces in Ukraine." In a petition to deny and motion for stay filed with the Federal Communications Commission on Wednesday, the Ukrainian Congress Committee of America (UCCA) also cited negative environmental impacts of SpaceX launches in Texas and Musk's potential conflicts of interest due to his work with the incoming Trump administration. SpaceX's Starlink system has been linked to Ukraine since terminals arrived there shortly after Russian troops invaded the neighboring country in early 2022. The following year, the Pentagon agreed to purchase Starlink satellite internet terminals for use in Ukraine's ongoing defense against Russia.
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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Venture investor and podcaster David Sacks will join the Trump administration as the "White House A.I. & Crypto Czar," President-elect Donald Trump announced on Truth Social on Thursday. Sacks will guide the administration's policies for artificial intelligence and cryptocurrency, Trump wrote. Some of that work includes creating a legal framework for crypto, as well as leading a presidential council of advisors on science and technology. "David will focus on making America the clear global leader in both areas," Trump wrote. "He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship."
Trump says venture capitalist David Sacks will be AI and crypto 'czar'
cnbc.com
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"Pet sitter," "chauffeur," "bakery assistant" and other service jobs are drawing a surge of interest in Singapore, according to the 2024 Rising Jobs list by job matching and hiring platform Indeed. While workers in the country eye service and support roles, employers are focused on finding talent in high-demand fields such as artificial intelligence, according to Indeed's study which analyzed job postings and click trends on the platform between November 2023 and November 2024. "This trend clearly paints a picture of a job market with contrasting priorities — employers chasing innovation while job seekers gravitate toward roles that feel accessible and practical," according to the report.
‘Pet sitter’ dominates the list of the most trendy roles for workers in Singapore, according to Indeed
cnbc.com
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Airlines may not be fans of "skiplagging," but travelers who use it to save money on flights surely are. The practice involves buying a connecting flight, with no intention of taking the second leg of the journey. Flyers do this when they find a connecting flight — that stops at their intended destination — that's cheaper than flying direct. Skiplagged.com, a website that helps travelers find these flights, said its customers saved around $180 on average, which collectively amounted to $54 million in the past year alone.
‘Skiplagging’ can save money on flights. Here's what happens when it goes wrong
cnbc.com
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Dollar-cost averaging entails putting chunks of money in the market at regular intervals instead of investing a lump sum. Here's how it can benefit investors.
Use this 401(k) investing strategy to calm your market jitters
cnbc.com
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Chief executives and other high-level corporate officers are seeking additional security protection after the brazen slaying of UnitedHealthcare's chief executive officer in New York, according to a top risk management firm. "We had CEOs and other executive level and board members reaching out to us all throughout yesterday and today to increase their own executive protection, their own personal security around the clock, 24/7," said Matthew Dumpert, managing director at Kroll Enterprise Security Risk Management. "An executive is the face of the organization," he said in an interview. "A CEO is the lightning rod that attracts the ire regardless of the product or services sold."
Executives seek more protection after UnitedHealthcare CEO Thompson killing, Kroll says
cnbc.com
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WASHINGTON — Tens of thousands of wealthy Americans are not complying with recently revamped Internal Revenue Service efforts to get them to file tax returns, according to data obtained exclusively by CNBC. A quirk in federal tax law may be incentivizing wealthy people who want to avoid paying taxes to simply not file their returns. That's because it's a felony to file false tax returns but only a misdemeanor not to file a return at all. And due to limited IRS and Department of Justice resources to pursue misdemeanor violations, a person who does not file a return is unlikely to face prosecution. As a result, many millionaires could simply be taking their chances, betting that they will face few consequences for not filing their tax returns.
Wealthy Americans are still ducking the IRS crackdown on non-filers
cnbc.com
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A crypto millionaire has hidden millions of dollars worth of treasure across the United States — and published a book on how to find it. Jon Collins-Black revealed last month that he concealed valuables ranging from Olympic gold medals and rare trading cards to historical artifacts and crypto in five puzzle boxes. In his new book, "There's Treasure Inside," Collins-Black writes about the pricey objects he hid and gives clues to determine their locations. The boxes, which he said aren't buried, are each located on public property within three miles of a public road.
A crypto millionaire has launched a nationwide 'treasure hunt'—and hidden multiple bitcoin worth more than $100,000 each
cnbc.com
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After a month in which hiring was essentially muted due to storms and strikes, the jobs report due out Friday could provide a clearer picture of where the labor market is headed. The Bureau of Labor Statistics is expected to report Friday at 8:30 a.m. ET that nonfarm payrolls increased by 214,000 in November, a significant step up from the meager 12,000 gain in October. That month's reading was the worst for job gains since December 2020. One of the things that will make the report so pivotal is it will be the last comprehensive look the Federal Reserve will get before its next policy meeting on Dec. 17-18. Markets are betting heavily that the Fed will approve another quarter percentage point interest rate cut, but that could change depending on how the jobs count plays out.
There's an important jobs report coming Friday. Here's what to expect
cnbc.com
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Say hello to life at the mall. The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm. Find out more: cnb.cx/3D2MeZE