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China eliminated extreme poverty while America’s tripled—but before we declare a winner, consider this: the World Bank recently raised its poverty threshold from $2.15 to $3 per day, instantly adding 125 million people to global poverty counts with the stroke of a pen. This technical adjustment exposes a fundamental problem with how we measure human welfare. We’re tracking survival thresholds, not meaningful lives. When China claims zero people live below $3 daily while over 4 million Americans do, we’re not comparing two societies’ moral choices—we’re comparing consumption patterns in a command economy against income volatility in a market economy. The…

Anthropic, the AI startup behind the popular Claude chatbot, is in early talks to launch one of the largest initial public offerings as early as next year, the Financial Times reported Wednesday. For the potential IPO, Anthropic has engaged law firm Wilson Sonsini Goodrich & Rosati, which has previously worked on high-profile tech IPOs such as Google, LinkedIn and Lyft, the FT said, citing two sources familiar with the matter.The start-up, led by chief executive Dario Amodei, was also pursuing a private funding round that could value it above $300 billion, including a $15 billion combined commitment from Microsoft and Nvidia,…

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 26, 2025. Brendan McDermid | Reuters U.S. markets may have had a rocky start in December, but there seems to be some steam in the trading engine for a turnaround from a tumultuous November.Bitcoin recovered part of its recent slide and tech names rallied Tuesday stateside, giving stocks a recovery from a pullback in the previous session that snapped a five-day winning streak. The rebound suggested investor appetite to take on market risk hasn’t vanished; it just needed a moment to catch its…

BANGKOK (AP) — Asian shares were mixed Wednesday after stocks on Wall Street held steadier as both bond yields and bitcoin stabilized.U.S. futures rose and oil prices edged higher. Tokyo’s Nikkei 225 jumped 1.6% to 50,063.65 on big gains for technology shares like Tokyo Electron, which jumped 5.6%. Adventest, a maker of computer chip testing equipment, surged 6.9%. Technology and telecoms giant SoftBank Group Corp. surged more than 8% following reports that its founder, Masayoshi Son, regretted having to sell shares in computer chip maker Nvidia to help pay for other investments. The company’s share price sank after it announced…

Tottenham boss Thomas Frank hailed a “top performance” from skipper Cristian Romero after his brace salvaged a 2-2 draw against Newcastle.The Magpies had enjoyed a series of promising opportunities throughout the game before Bruno Guimarães sent them ahead in the 71st minute.Romero replied seven minutes later with an excellent diving header from Mohammed Kudus’ cross, before Anthony Gordon restored Newcastle’s lead from the penalty spot.Editor’s Picks2 RelatedThe Spurs skipper had the final say in a dramatic finale, scoring an overhead kick in the fifth minute of stoppage-time which bounced through the box and trickled into the bottom corner.Speaking about Romero’s…

Sydney Opera House, designed by Danish architect Mr Jorn Oberg Utzon, at first light as the sun rises over Sydney harbor and city center skyscrapers.Ucg | Universal Images Group | Getty ImagesAustralia’s third-quarter economic growth missed analysts’ expectations, but clocked its fastest expansion in about two years, driven by strong investment and consumer demand. The country’s GDP rose 2.1% year on year, marking its strongest expansion since the third quarter of 2023 when the economy grew at the same rate, data from the Australian Bureau of Statistics showed on Wednesday. Economists were expected GDP growth of 2.2%. On a quarter-on-quarter basis, Australia’s GDP grew…

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Tuesday and what’s on the radar for Wednesday’s session. Data, data, data!!! ADP’s jobs report comes out at 8:15 a.m. ET on Wednesday. The expectation is for plus 40,000. Industrial production will come out at 9:15 a.m. At 10 a.m., we get ISM non-manufacturing PMI numbers. Going into Wednesday, the 10-year is yielding 4.09%. The 2-year is at 3.51%.…

ABIDJAN, Ivory Coast (AP) — Nouhoun Sidibè was a herder, like his father and grandfather, and took pride in his identity as a pastoralist. That’s until the day armed men descended on his home in northern Burkina Faso and seized all his livestock.Within minutes on that day in 2020, the father of four lost everything.For the next three years, he wandered from town to town looking for jobs in the landlocked West African nation that faces growing attacks by armed groups, with some of the fighters linked to al-Qaida. He had no luck, and decided to try neighboring Ivory Coast…

LONDON (AP) — German President Frank-Walter Steinmeier will be greeted by brass bands and royalty Wednesday when he arrives for a U.K. state visit that will celebrate the close ties between the countries while also remembering the scars of the past.King Charles III will welcome Steinmeier and his wife, Elke Büdenbender, to Windsor Castle for the start of a three-day tour featuring all the pomp and ceremony the U.K. traditionally rolls out for its honored guests. But there will also be a somber note as Steinmeier becomes the first German head of state to make a formal state visit to…

NEW DELHI (AP) — Russian President Vladimir Putin will be in India this week for a summit aimed at deepening economic, defense and energy ties, a visit that will also test New Delhi’s efforts to balance relations with Moscow and Washington as the war in Ukraine grinds on.Putin is scheduled to arrive on the state visit Thursday and hold talks with Indian Prime Minister Narendra Modi on Friday. They are expected to review progress on bilateral ties, discuss issues of mutual interest and sign interdepartmental and business agreements, both governments said.India has continued to buy discounted Russian oil, despite warnings…