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Simply the latest news, updated on the hour.

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

  1. 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.

  2. 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…

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. 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.

  8. 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.

  9. ​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

  10. 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.

  11. 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.

  12. 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.

  13. 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 …

  14. 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…

  15. 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.

  16. 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.

  17. 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.

  18. 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.

  19. 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…

  20. 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%.

  21. 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.

  22. 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.

  23. 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.

  24. 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.

  25. 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…

  26. 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.

  27. 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…

  28. 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.

  29. 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.

  30. 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…

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