AI Summary
- Inflation rates in France and Spain are rising for the first time in 2025, potentially reflecting the economic impact of increasing tensions in the Middle East.
- The U.S. Treasury has taken action against two Mexican banks and a brokerage firm, accusing them of money laundering linked to fentanyl payments.
- China announced a breakthrough in negotiations over rare-earth exports to the U.S., providing hope for alleviating material shortages facing American industries.
- The U.K. is experiencing a sluggish pay growth amid high inflation, with businesses responding through job cuts and reduced wages.
- Canada is considering adjustments to foreign ownership limits in its airline sector and exploring domestic sourcing policies for steel and aluminum amid ongoing trade negotiations with the U.S.
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CNBC
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China confirms details of U.S. trade deal
cnbc.com
2 hours ago
The statement came after U.S. President Donald Trump said that both sides had signed a trade deal, without providing further details.
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Hemi V-8 engines and mechanical bull rides: Inside Stellantis' plan to revive its Ram Trucks brand after yearslong sales declines
cnbc.com
an hour ago
Ram CEO Tim Kuniskis' turnaround plan for Stellantis' truck brand includes the return of Hemi V-8 engines, mechanical bulls and many other unt…
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We checked out Tesla's supervised, invite-only robotaxi launch. Here's what we saw
cnbc.com
an hour ago
Since 2016, CEO Elon Musk has been promising that Tesla vehicles were on the cusp of full autonomy.
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Quantum computing is having a moment. But the technology remains futuristic
cnbc.com
an hour ago
Quantum technology startups attracted about $2 billion in 2024, according to McKinsey & Co.
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Germany tells Apple, Google to block DeepSeek as the Chinese AI app faces rising pressure in Europe
cnbc.com
an hour ago
This is not DeepSeek's first run-in with regulators in Europe, following run-ins with Italian and Irish authorities.
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Trump's war against the Powell Fed has taken another political turn
cnbc.com
19 hours ago
While Trump's name-calling of Powell isn't particularly new, the words now could signal action.
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Chinese battery giant and Tesla supplier CATL is expanding globally: Here’s why it matters
cnbc.com
an hour ago
China's CATL is intensifying its global expansion efforts on the back of a blockbuster public offering.
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Why Americans fell out of love with the hotel minibar
cnbc.com
an hour ago
For many prevalent midscale hotel chains, minibars are becoming a relic.
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Here's how the luxury real estate market is splitting up
cnbc.com
2 hours ago
Here's how the luxury real estate market is splitting up
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Tesla head of manufacturing Omead Afshar fired by Elon Musk
cnbc.com
13 hours ago
Omead Afshar, Tesla's head of manufacturing and operations, has been fired from the company by CEO Elon Musk after declining car sales.
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Microsoft says goodbye to the Windows blue screen of death
cnbc.com
17 hours ago
The software giant's blue screen of death dates back to the early 1990s, according to longtime Microsoft developer Raymond Chen.
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SpaceX crane collapse in Texas being investigated by OSHA
cnbc.com
10 hours ago
A SpaceX crane collapse at the company's Starbase, Texas facility has prompted an investigation by OSHA, the federal agency told CNBC.
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Nike says tariffs will cost it $1 billion before price increases, supply chain shifts
cnbc.com
11 hours ago
Nike said its fiscal fourth quarter will see the worst of its turnaround efforts, but investors are wondering if sales and profits still have …
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What's driving Wall Street stablecoin interest? Trillions up for grabs in the future and banks getting ready for it
cnbc.com
17 hours ago
Stablecoins are poised to grow to trillions of dollars, and financial services giant and banks want a piece of it, says Zach Abrams, Bridge co…
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Bank investors bet on looser regulation under Trump. They are starting to see it
cnbc.com
17 hours ago
The Federal Reserve proposed changes this week that would lower capital requirements for large U.S banks.
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Core Scientific shares surge 33% on report of buyout talks with CoreWeave
cnbc.com
17 hours ago
Core Scientific shares jumped 33% after a report that CoreWeave is in talks to acquire the bitcoin miner.
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Xiaomi shares soar to record highs as its new EV that undercuts Tesla draws strong response
cnbc.com
11 hours ago
Chinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla's Model Y.
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UK auto production for May slumps to lowest level since 1949 as Trump tariffs hit hard
cnbc.com
6 hours ago
The dramatic slowdown in car production is due in large part to ongoing model changeovers, restructuring and the impact of tariffs, SMMT said.
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SoftBank CEO says he's 'all in' on OpenAI, reveals he's long wanted Microsoft's spot as main backer
cnbc.com
5 hours ago
SoftBank CEO Masayoshi Son used a shareholders' meeting on Friday to discuss the company’s belief in OpenAI and the coming of "artificial supe…
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China's industrial profits plunge 9.1%, steepest fall in seven months
cnbc.com
6 hours ago
That marked the largest monthly decline since October last year, when the industrial profits dropped 10%.
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Generator stock Generac heads for best week since November amid heat wave, looming storm threats
cnbc.com
16 hours ago
The backup generator maker is on track for its sixth straight day of gains and best week since November 2024. It is up nearly 12% this week.
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Apple reveals complex system of App Store fees to avoid EU fine of 500 million euro
cnbc.com
18 hours ago
The move shows that Apple may be able to make smaller changes to satisfy regulators.
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How to reverse alarming education decline in U.S. and around the world: Teach for All founder Wendy Kopp
cnbc.com
20 hours ago
Wendy Kopp, CEO and founder of Teach For All and Teach for America, on what needs to change in the U.S. education system.
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More Southeast Asians are flocking to China's Chongqing city. Social media hype is a big reason
cnbc.com
9 hours ago
"In 2025 alone, we've captured a nearly 12-fold surge in demand for Chongqing, compared to demand for other cities," says Sarah Wan of Klook.
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China skirts U.S. sanctions as top buyer of Iranian oil — here’s how, and why that’s unlikely to change soon
cnbc.com
6 hours ago
U.S. sanctions have barely put a dent on China's massive purchases of discounted Iranian oil, thanks to a shadow supply chain of transshipment…
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Investing in Space: NATO holds out its hand to the commercial space sector
cnbc.com
5 hours ago
NATO's new commercial space sector strategy and defense spend target hike could be a boon to private space players.
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McCormick is focused on mitigating tariff impact on agriculture, says CEO Brendan Foley
cnbc.com
14 hours ago
McCormick CEO Brendan Foley told CNBC's Jim Cramer on Thursday that the spice maker is looking at how new tariffs will impact sourcing for its…
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The AI-boom's multi-billion dollar blind spot: Reasoning models hitting a wall
cnbc.com
18 hours ago
AI reasoning models were supposed to be the industry's next leap, but now a string of research is calling that into question.
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The $5 million Trump Card faces legal challenges, limited market
cnbc.com
17 hours ago
President Donald Trump is offering a $5 million path to citizenship for the wealthy with his Trump Card.
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Trump now wields sweeping veto power over U.S. Steel. Here's how the 'golden share' works
cnbc.com
19 hours ago
President Donald Trump approved the merger of U.S. Steel with Japan's Nippon Steel only after the companies accepted the "golden share" arrang…