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BANGKOK (AP) — It often starts with a text message asking if you are available on weekends, looking for a part-time job or you get a simple “hello” from an unknown number. Halfway across the world, a laborer is usually pulling in 12-16 hour days, sending non-stop messages, hoping someone will take the bait.The ultimate goal is always to take your money — victims have lost tens of billions to scams and hundreds of thousands of people are in forced labor to keep the schemes going. These workers are often housed in massive complexes scattered across southeast Asia, where the…

A growing number of travelers want more from their hotels than a soft bed and clean place to sleep.They want hotels that reflect their interests — be it art, music, fashion or work — and allow them to mingle with other travelers who share these passions too.That’s given lifestyle hotels a boost, with the global share of lifestyle rooms in new hotels roughly doubling since 2000, according to JLL’s Global Hotel Investment Outlook 2025.In 2025, some 25% of new hotel rooms in Europe were in lifestyle hotels, followed by 16% each in the Americas and Asia, the report shows.”Lifestyle and…

WASHINGTON (AP) — With the commissioning of its third aircraft carrier, China now boasts the second largest number of such ships in the world, though it still lags far behind the 11 operated by the U.S. Navy.The Fujian was officially put into service this week in a ceremony attended by top leader Xi Jinping, the official Xinhua news agency announced Friday. Its electromagnetic catapult launchers mark a technological advance that will help the navy to project power deep into the Pacific as it seeks to assert power in disputed waters in the East China Sea, the Taiwan Strait and the…

ANKARA, Turkey (AP) — Turkish prosecutors on Friday issued detention warrants for 21 people, including 17 referees and the president of a top-flight soccer club, as part of a widening investigation into a betting scandal.At least 18 suspects were detained for questioning in coordinated early-morning raids across Istanbul and 11 other provinces, according to the Istanbul Chief Prosecutor’s Office. The 17 referees, identified only by their initials, are being investigated for possible charges of “abuse of office” and “influencing the outcome of a match.”Murat Ozkaya, president of Turkish Super Lig club Eyupspor, and Fatih Sarac, former owner of Kasımpasa, were…

Traders works on the floor of the New York Stock Exchange. NYSE October’s job losses in the U.S. were nearly twice as high as a month earlier — the steepest for any October since 2003, data from outplacement firm Challenger, Gray & Christmas showed.The technology sector was the hardest hit, with 33,281 cuts, almost six times September’s total.Being laid off is an awful feeling — and it must feel bitterly ironic to work in a field that’s developing the very technology making you redundant.One person spared both redundancy fears and existential doubt is Tesla CEO Elon Musk, who just had…

The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | ReutersShares of Japan’s SoftBank Group resumed their slide on Friday, following a broader slump in AI-related stocks as investors once again grew wary of the sector’s lofty valuations.The group, which holds a wide range of AI investments across infrastructure, semiconductor, and application companies, saw shares drop more than 8%.This comes after SoftBank gained nearly 3% in the previous session, having plunged 10% on Wednesday to clock its worst day since April. It stares at about $53 billion market cap wipeout this week…

SHENZHEN, CHINA – AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images)Vcg | Visual China Group | Getty ImagesAsia-Pacific markets fell Friday, tracking Wall Street declines on persistent concerns over lofty valuations in artificial intelligence stocks.Shares of major AI companies fell Thursday stateside, weighing down on the broader U.S. market. The biggest declines were from Nvidia, Microsoft, Palantir Technologies, Broadcom and Advanced Micro Devices.Japan’s benchmark Nikkei 225 index tumbled 2.03%. Shares of AI-related stocks were the key drag: SoftBank was down over 8%,…

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 Thursday and what’s on the radar for Friday’s session. Tesla This evening the vote tally came in and shareholders approved the pay package that gives Elon Musk $1 trillion if the company hits several metrics. Tesla stock closed down 3.5% on Thursday. It is now 8.7% from its December 2024 high. In the last three months, the stock is…

CNBC’s Jim Cramer unpacked Thursday’s market decline, telling investors that Wall Street is worried about the lengthy government shutdown and that artificial intelligence buildout is getting out of control.”What matters is we need the darn government to go back to work, and we need the data center blob to be cordoned off from the rest of the economy, and we need some of the hottest stocks to continue to cool off further,” he said. “Until then, we are indeed at the mercy of the headlines and, lately, the darned negative headlines are the only ones that anyone’s paying attention to.”The…

DraftKings CEO Jason Robins told CNBC’s Jim Cramer that prediction markets aren’t driving customers out of sports betting, stressing that the two have different offerings.”Simply going and spending five minutes looking at the products, you’ll see what I mean — it’s night and day,” Robins said. “The amount of markets, even the pricing, isn’t something that I would view as competitive with what we do.”Robins pointed to U.K. and Western European markets, where there is both exchange based betting and traditional sports betting. In those areas, he said “exchange products are typically low to mid single digit percentages of share…