3. Ian rolls in
Ian became a Category 4 hurricane as it geared up to smash into the Tampa region on Florida’s west coast. The storm’s center was about 75 miles west-southwest of Naples, Florida, as of 5 a.m. ET Wednesday, according to the National Hurricane Center. Ian left Cuba without power before heading toward Florida. The storm’s approach prompted several authorities and companies to batten down the hatches. Walt Disney World and Universal Studios Orlando said they would be closing their parks for at least a couple days, while Amazon said it would close some of its warehouses in the region. The Tampa and Orlando airports also suspended operations.
4. Pivotal moment for Ukraine
Referendums in Russian-occupied areas of Ukraine have shown wide support for breaking off and joining Russia. It’s a predictable outcome since the votes were hastily arranged after Ukraine’s lightning offensive to seize back large chunks of its territory – and because they were rigged, according to analysts. It’s a troubling development for Ukraine and Western nations in general, since Russian leader Vladimir Putin and his government have said they will take any measures to defend Russia’s land. “As for the risk of Russia using these votes and subsequent annexation of those territories as a pretext for nuclear strikes — we are conscious of this risk, we understand that it is real,” Yuriy Sak, an advisor to Ukraine’s defense minister, told CNBC. There are also worries that the United States and Europe can’t provide weapons to Ukraine fast enough. NATO held a special meeting Tuesday to discuss the matter. “Unless we have new production, which takes months to ramp up, we’re not going to have the ability to supply the Ukrainians,” one expert told CNBC.
5. GM hits the brakes on return to office
More companies are telling employees to head back to the office after years of remote work. Covid infections are dropping, and treatments and vaccines are more widely available. But when General Motors on Friday told its corporate employees that they would have to return to the office at least three days a week, it didn’t go over well. So, on Tuesday, the company walked it back with another note to employees. After all, it’s hard to undo two and a half years of routine. “Our plan was always, and still is, collaboratively design the solution that best balances the needs of the enterprise with the needs of each of you,” said the memo, which was signed by CEO Mary Barra and other executives.
– CNBC’s Jesse Pound, Elliot Smith, Sarah Whitten, Annie Palmer, Leslie Josephs, Natasha Turak and Michael Wayland contributed to this report.
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