External news
30/05/2025 Trump tariffs would still 'pinch' consumers even if trade court block holds, economist says
Tariffs on automobiles, steel and aluminum would cost households nearly $1,000 this year, on average, even if country-specific duties are blocked in court.
30/05/2025 U.S.-China talks 'a bit stalled' and need Trump and Xi to weigh in, Treasury Secretary Bessent says
U.S.-China trade talks are "a bit stalled," requiring the two countries’ leaders to speak directly, Treasury Secretary Scott Bessent told Fox News.
29/05/2025 China’s EV price war is heating up. What’s behind the big discounts?
China’s electric car market is getting even more competitive, with significant consequences for the domestic economy and even the global auto market.
28/05/2025 European businesses have never been this gloomy about China
An annual survey of European companies in China found record lows across several metrics due to slower growth and geopolitical worries.
28/05/2025 The West is recycling rare earths to escape China’s grip — but it’s not enough
China is tightening its grip on the global supply of key minerals that are needed in every car, particularly electric vehicle motors.
26/05/2025 Xiaomi takes aim at Tesla's bestselling car in China with its longer-range YU7
Xiaomi late on Thursday revealed its YU7 SUV and claimed it would have a driving range of at least 760 kilometers (472 miles) on a single charge.
23/05/2025 Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion
One Chinese baby products company announced it is officially entering the United States, the world’s largest consumer market — regardless of the trade war.
21/05/2025 Target will report earnings before the bell. Here's what to expect
Target is trying to get back to growth as tariffs, economic uncertainty and company missteps dampen demand.
21/05/2025 Toyota redesigns America's top-selling RAV4 SUV to exclusively be a hybrid
Toyota Motor will offer the 2026 RAV4 only as a hybrid or plug-in hybrid, eliminating a traditional gas engine in the vehicle.
20/05/2025 Home Depot will report earnings before the bell. Here's what to expect
Home Depot is in its peak spring sales season, but must contend with high interest rates, a sluggish housing market and tariff-related cost pressures.
20/05/2025 Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion
One Chinese baby products company announced it is officially entering the United States, the world’s largest consumer market — regardless of the trade war.
19/05/2025 China's retail sales disappoint as stimulus fails to spur demand; industrial output defies tariffs
Industrial output grew 6.1% in April, stronger than analysts’ expectations for a 5.5% rise, indicating the impact from U.S. tariffs was not particularly pronounced.
16/05/2025 How NFL quarterback Lamar Jackson is leveraging his horse racing team to build up Baltimore
Jackson said he has no immediate plans to take ownership in other sports teams. Instead, he hopes to bring new opportunities to the young people of Baltimore.
16/05/2025 Big Chinese companies like Alibaba show that AI-powered ads are giving shopping a boost
Alibaba, Tencent and JD.com reported earnings that showed better Chinese consumer spending — and the growing benefits of artificial intelligence in advertising.
15/05/2025 Walmart will report earnings before the bell. Here's what to expect
Investors and economists are trying to gauge the strength of the U.S. consumer and the impact of higher tariffs on the retail industry.
13/05/2025 Germany's business leaders have a message for the country's new government: It's time to deliver
At the Tegernsee summit, business leaders urged Germany’s new government to turn campaign promises into reality.
13/05/2025 Fintechs that raked in profits from high interest rates now face resilience test
Fintechs like Revolut and Monzo got a revenue boost from higher interest rates. Now, they face a key test as rates decline.
13/05/2025 U.S.-China tariff reprieve is enough to get products on the shelves in time for Christmas
Nearly a fifth of U.S. retail sales last year came from Christmas shopping, according to CNBC calculations based on data from the National Retail Federation.
09/05/2025 Germany’s new economy boss has a plan — and it starts with risk, speed and big bets
The German economy has long been sluggish, and little reprieve is in sight.
09/05/2025 Why the Bank of England governor thinks uncertainty is here to stay despite a trade deal
"A U.K.-U.S. trade agreement is very welcome... But the U.K. is a very open economy," Andrew Bailey told CNBC.
07/05/2025 Here's what to expect when Disney reports earnings before the bell
Disney will report its fiscal second-quarter earnings before the bell on Wednesday.
06/05/2025 Newark air traffic controllers couldn't see or talk to planes, leading to last week's airport meltdown
The FAA said air traffic controllers took time off to recover from the stress of the event.
05/05/2025 China risks a spiral into deeper deflation as it diverts U.S.-bound exports to domestic market
Prices will need to drop for buyers for them to absorb goods meant for exports, experts warn — risking deeper deflation in China.
03/05/2025 United cuts Newark schedule after hundreds of flight disruptions, blaming FAA staffing, technology problems
United Airlines said FAA staffing and technology problems have contributed to hundreds of flight delays this week.
02/05/2025 Euro zone inflation unchanged at 2.2% in April, leaving path open for further ECB interest rate cuts
Economists polled by Reuters had been expecting the reading to come in at 2.1% in April.
02/05/2025 U.S. tariff uncertainty puts China-made Christmas presents in question
As Chinese factories and their U.S. buyers try to navigate tariff uncertainty, there’s a concern about whether products will arrive in time for Christmas.
01/05/2025 McDonald's is about report earnings. Here's what to expect
Shares of McDonald’s have climbed 15% this year, raising its market value to nearly $26 billion.
30/04/2025 Euro zone economy expands by better-than-expected 0.4% in the first quarter
The figure was ahead of the 0.2% forecast in a Reuters poll of economists, and comes amid severe tariff headwinds.
30/04/2025 Germany's economy expands by 0.2% in the first quarter, in line with expectations
A Reuters poll had projected 0.2% growth from the previous quarter.
30/04/2025 UBS posts profit beat but 'material risk' from Trump tariffs darkens outlook
UBS on Wednesday beat bottom line expectations as the lender seeks to rein in steep share declines that have cost it the crown of continental Europe’s largest bank amid sweeping U.S. tariffs.
30/04/2025 British bank Barclays beats on profit, braces for potential tariffs-led economic slowdown
British bank Barclays on Wednesday reported slight beats on revenue and profit, boosted by stronger investment bank performance.
30/04/2025 Eric Trump: 'If banks don’t watch what’s coming, they’ll be extinct in ten years'
"The modern financial system is broken, it’s slow, it’s expensive," the executive vice president of the Trump Organization told CNBC.
30/04/2025 Britain at risk of losing ground to rival fintech and crypto hubs, execs warn
"I think the U.K. will get it right — but there is a risk if you get it wrong that you drive innovation to other markets," Coinbase’s U.K. head told CNBC.
30/04/2025 Trump signs order easing some auto tariffs
The measures Tuesday aim to reduce the overall tariff level on vehicle imports that had resulted from separate levies "stacking" on top of one another.
29/04/2025 Deutsche Bank posts 39% jump in profit, lifts credit provisions amid U.S. tariffs uncertainty
German banks stand to benefit as the country’s political environment settles under the potential stewardship of a centrist coalition.
29/04/2025 General Motors is set to report earnings before the bell. Here's what Wall Street expects
Wall Street analysts expect adjusted earnings per share of $2.74 and revenue of $43.05 billion.
28/04/2025 German fiscal boost won't outweigh tariff drag for euro zone, IMF's Europe head says
Following downgrades to its growth outlooks for the U.S., U.K. and many Asian countries, the International Monetary Fund last week cut its euro zone forecast.
28/04/2025 Chinese factories are stopping production and looking for new markets as U.S. tariffs bite
Chinese manufacturers are pausing production and turning to new markets as the impact of U.S. tariffs sets in, according to companies and analysts.
25/04/2025 China pledges to ramp up targeted support for businesses as U.S. trade war hits
China plans to help struggling businesses with targeted measures in the face of "increased external shocks," according to a readout of a high-level meeting.
25/04/2025 Trump asserts trade talks with China are underway after Beijing denies any ongoing negotiations
The statement followed China’s denial of any talks with the U.S. and calls for abolishing ’unilateral’ tariff measures for resolving trade issues.
24/04/2025 China says no ongoing trade talks with the U.S., calls for canceling 'unilateral' tariffs
U.S. President Donald Trump and U.S. Treasury Secretary Scott Bessent this week indicated that there might be an easing in tensions with China.
24/04/2025 British fintech Revolut tops $1 billion in profit as revenue jumps 72%
Digital banking unicorn Revolut said Thursday that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year.
23/04/2025 Auto groups lobby Trump administration against parts tariffs in rare unified message
The group – representing franchised dealers, suppliers and nearly all major automakers – say the upcoming levies could jeopardize U.S. automotive production.
21/04/2025 China vows retaliation against countries that follow U.S. calls to isolate Beijing
In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods.
18/04/2025 Where 'Made in China 2025' missed the mark
Beijing’s Made in China’ 2025 had ambitious goals. 10 years on, it’s failed to meet several targets
17/04/2025 China targets U.S. services and other areas as it decries 'meaningless' tariff hikes on goods
Beijing has wielded a wide range of punitive measures in recent days to strike back at Washington, including steps targeting American services sector.
15/04/2025 Online trading platform Webull soars 375% in second day on market after SPAC merger
Webull, which competes with Robinhood, has racked up 23 million users, including some who signed up after receiving stimulus checks.
14/04/2025 Goldman Sachs is about to report first-quarter earnings
Goldman Sachs may prove to be a beneficiary of the recent market environment.
14/04/2025 Goldman Sachs is about to report first-quarter earnings
Goldman Sachs may prove to be a beneficiary of the recent market environment.
11/04/2025 UK economy expands by 0.5% in February, more than expected
U.K. GDP rose by 0.5% on a monthly basis, far more than the 0.1% forecast by analysts.
11/04/2025 How China's exporters are scrambling to mitigate the impact of punishing U.S. tariffs
For China’s exporters, trying to mitigate new U.S. tariffs means raising prices for Americans while diversifying where possible, at home and abroad.
11/04/2025 JPMorgan Chase is set to report first-quarter earnings – here's what the Street expects
JPMorgan Chase will be the first major U.S. bank to report earnings for the most recent quarter in a time of rising economic uncertainty.
11/04/2025 JPMorgan Chase is set to report first-quarter earnings – here's what the Street expects
JPMorgan Chase will be the first major U.S. bank to report earnings for the most recent quarter in a time of rising economic uncertainty.
10/04/2025 Tanking oil prices could more than double Saudi Arabia's deficit to $75 billion and threaten spending plans: Goldman Sachs economist
Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price forecast for 2025 to $62 a barrel.
09/04/2025 China says it will continue to take 'resolute and forceful' countermeasures as U.S. tariffs kick in
China’s foreign ministry reiterated Wednesday that it will take "resolute and forceful" measures to protect its own interests.
09/04/2025 The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble
The countries of the GCC — Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar — hold approximately 32.6% of the world’s proven crude oil reserves.
09/04/2025 Wall Street starts to cut China growth forecasts as trade tensions with U.S. escalate
Citi on Tuesday became one of the first investment firms to lower its China growth forecast on escalating trade tensions with the U.S.
08/04/2025 Walmart is facing tariffs and recession fears. It may have a secret weapon to keep growing
Walmart said its Walmart+ members account for about half its e-commerce sales, a key source of revenue as tariffs raise worries about the economy.
08/04/2025 Market turbulence will not impact Mediobanca deal, Monte dei Paschi CEO says
Monte dei Paschi di Siena downplayed the potential impact of ongoing market turbulence on its 13-billion-euro offer for Mediobanca, telling CNBC it expects to complete the deal this summer.
07/04/2025 Bitcoin drops below $80,000 as cryptocurrencies join global market rout
Last week, bitcoin bucked the broader market meltdown, holding above $80,000 and rising to end the week.
07/04/2025 Beijing's strong counter tariffs raise the specter of an intense trade war with Washington
In a shift in tone, China dropped its call for negotiations on trade in a weekend statement that condemned U.S. tariffs.
07/04/2025 French fintech Pennylane doubles valuation to $2.2 billion as Alphabet's venture capital arm takes stake
Accounting software startup Pennylane has raised 75 million euros ($83 million) in a new funding round led by Sequoia Capital.
07/04/2025 Trump is losing the confidence of business leaders, billionaire investor Bill Ackman says
Bill Ackman said that America is heading towards a self-inflicted "economic nuclear winter" as a result of President Donald Trump’s tariff policy rollout.
04/04/2025 El-Erian says U.S. recession risks are now 'uncomfortably high'
"If the U.S. slows down, the rest of the world will slow down more," the veteran economist warned.
04/04/2025 China's cities may see 'flying taxis' as soon as three years, aviation company Ehang predicts
Flying taxis will become a viable transportation method in China, according to a senior executive at Ehang, in another show of Chinese tech innovation.
04/04/2025 China’s response to new U.S. tariffs will likely focus more on stimulus, building trade ties
China’s reaction to new U.S. tariffs will likely focus on domestic stimulus and strengthening ties with trading partners, analysts said.
03/04/2025 European Union vows countermeasures to Trump tariffs if talks fail, von der Leyen says
The EC president said that Trump’s move was a "major blow" to the world economy.
03/04/2025 Trump will 'buckle under pressure' if Europe bands together over tariffs, German economy minister says
U.S. President Donald Trump could change his trade policies if he comes under pressure from trading partners, German economy minister Robert Habeck suggested.
03/04/2025 How did the U.S. arrive at its tariff figures?
The White House Wednesday listed tariff rates for different countries. It didn’t take long for market observers to try and reverse engineer the formula.
03/04/2025 'Absolutely nothing good' coming out of Trump's tariff announcement: Analysts react to latest U.S. levies
Analysts generally had a pessimistic take on the announcement, with some even predicting an increased risk of a recession for the U.S.
03/04/2025 DeepSeek AI excitement spills over to Hong Kong's IPO market
Chinese companies are jumping at a window of opportunity to go public in Hong Kong as global investors start to return to the region.
02/04/2025 Eli Lilly sues two pharmacies making copycat Zepbound, Mounjaro
Eli Lilly is suing Strive Pharmacy and Empower Pharmacy for compounding tirzepatide, the active ingredient in Zepbound and Mounjaro.
02/04/2025 GM's first-quarter U.S. vehicle sales lead industry as automakers braces for tariffs
GM reported a 16.7% jump in U.S. sales compared to the first quarter of 2024, led my incremental gains in sales of new EVs and notable gains in full-size SUVs.
01/04/2025 Klarna's nearing a critical U.S. IPO — and it's the biggest test of CEO Sebastian Siemiatkowski's 20-year rein
Sebastian Siemiatkowski has been CEO of Klarna for 20 years. He now faces his biggest test yet with a U.S. IPO fast approaching.
01/04/2025 Euro zone inflation dips to 2.2% in March as U.S. tariffs loom
Euro zone inflation dipped to 2.2% in March, as expected, according to flash data from statistics agency Eurostat published Tuesday.
31/03/2025 After 20 years at the helm, Klarna CEO Sebastian Siemiatkowski faces his biggest test yet: A U.S. IPO
Sebastian Siemiatkowski has been CEO of Klarna for 20 years. He now faces his biggest test yet with a U.S. IPO fast approaching.
31/03/2025 Goldman Sachs sees Trump tariffs spiking inflation, stunting growth and raising recession risks
A broad, negative impact will be felt in the economy when the new trade moves are enacted, the Goldman economic team believes.
28/03/2025 China’s Xi calls on top executives to help 'uphold global order' as trade tensions with U.S. rise
U.S. President Donald Trump has raised tariffs by 20% on China since January over its alleged role in the U.S. fentanyl crisis, and threatened a swath of new tariffs.
28/03/2025 Pony.ai wins first permit for fully driverless taxi operation in the center of China's Silicon Valley
Chinese robotaxi startup Pony.ai said it has obtained the first permit to charge fares for fully driverless taxis in parts of a business district of Shenzhen.
27/03/2025 Trump's tariffs are making the ECB's interest rate path 'more complicated,' policymaker says
U.S. President Donald Trump’s tariff policies are complicating the path ahead for European Central Bank interest rates, policymaker Pierre Wunsch told CNBC.
27/03/2025 Chinese consumer companies signal spending is picking up again
Chinese companies’ latest earnings reports point to an improvement in consumer spending, though it’s not necessarily back to pre-pandemic levels.
26/03/2025 China's artificial intelligence boom might help mitigate some tariff pain
For Chinese companies wary of U.S. tariffs, the big difference between President Donald Trump’s first and second terms is generative artificial intelligence.
26/03/2025 British businesses pile on the pressure on U.K. Financial Minister Reeves ahead of budget update
Top on the businesses’ list of complaints is a higher employment cost.
25/03/2025 China invites U.S. business leaders to Beijing as it tries to decipher Trump's trade plans
China courted the executives of major U.S. businesses this week in a sign of how Beijing seeks to offset trade pressures, rather than retaliate forcefully.
25/03/2025 Morgan Stanley's near-term rally call: CIO Mike Wilson sees beaten-up Mag 7 stocks as winners
Morgan Stanley CIO Mike Wilson contends the recent market weakness "has nothing to do with tariffs."
24/03/2025 Investors' optimism is growing around the UK economy as U.S.-EU trade disputes mount
However, some say the U.K. is not yet "out of the clear" from President Donald Trump’s sweeping tariff policies.
24/03/2025 Alibaba-affiliate Ant combines Chinese and U.S. chips to slash AI development costs
Alibaba-affiliate Ant Group is using both Chinese and U.S.-made semiconductors to make its AI more efficient, according to a source familiar with the matter.
22/03/2025 London’s Heathrow Airport resumes flights after major fire nearby shuts down travel
London’s Heathrow Airport closed on Friday after a fire at a nearby electrical substation caused a power outage, airport officials said.
21/03/2025 Accenture is DOGE's first corporate casualty as shares dive on warning that contracts will be cut
Shares of Accenture slid more than 7% on Thursday after the consulting firm said tighter federal spending efforts have begun to weigh on its revenues.
21/03/2025 China's property market edges toward an inflection point
UBS analysts on Wednesday became the latest to raise expectations that China’s struggling real estate market is close to stabilizing.
20/03/2025 'Transitory' is back as the Fed doesn't expect tariffs to have long-lasting inflation impacts
Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.
19/03/2025 Santander says 750 jobs at risk as it pursues UK branch closures
The British unit of Spanish lender Santander on Wednesday said 750 of its staff were at risk of redundancy as it targets 95 branch closures in the U.K.
19/03/2025 Bank of England expected to keep rates on hold amid headwinds it can't fully predict or control
The Bank of England is widely expected to hold interest rates when it meets on Thursday, as the U.K. faces economic headwinds both at home and abroad.
19/03/2025 China is tackling weak consumption with child care subsidies
Among the top five priorities China has laid out for boosting consumption is child care subsidies.
19/03/2025 Trump policies 'promise' an economic downturn, says prominent forecaster in first-ever 'recession watch'
The UCLA Anderson Forecast, citing substantial changes to the economy from policies of the Trump administration, issued its first-ever "recession watch" on Tuesday.
18/03/2025 Slower economic growth is likely ahead with risk of a recession rising, according to the CNBC Fed Survey
The 32 survey respondents, who include fund managers, strategists and analysts, raised the probability of recession to 36% from 23% in January.
18/03/2025 Boeing Starliner astronauts who were supposed to be in space for nine days returning to Earth after nine months on ISS
Two NASA astronauts are heading home on a SpaceX ship after about nine months at the International Space Station.
17/03/2025 OECD cuts U.S. and global economic outlooks as Trump's trade tariffs weigh on growth
Global growth is expected to slow from 3.2% in 2024 to 3.1% in 2025 and 3.0% in 2026, according to the OECD.
17/03/2025 China’s retail sales strengthen at the start of the year, industrial output tops expectations
China’s economic data for the first two months of the year showed a modest pickup as Beijing reiterated its plan to bolster domestic consumption.
14/03/2025 UK economy unexpectedly shrank by 0.1% in January
The U.K.’s economy unexpectedly shrank by 0.1% in January, official figures showed on Friday.