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Business
Reeves’ plans contending with the bond market
LONDON, UNITED KINGDOM - MARCH 26, 2025: Britain's Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street ahead of the announcement of the Spring Statement in the House of Commons in London, United Kingdom on March 26, 2025.…
UK exports to the U.S. plunge by most on record as tariffs bite
Container ships at Felixstowe port in Felixstowe, UK, on Wednesday, April 9, 2025. Bloomberg | Bloomberg | Getty ImagesU.K. goods exported to the U.S. dropped by £2 billion ($2.71 billion) in April, figures published by the Office for…
Oracle (ORCL) Q4 earnings report 2025
From left, former Fox Corp Executive Chairman Rupert Murdoch and Larry Ellison, Oracle's co-founder, chief technology officer and executive chairman, listen as U.S. President Donald Trump speaks to reporters in the Oval Office of the White…
U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago
The U.S. Department of the Treasury building is seen in Washington, D.C., Jan. 19, 2023.Saul Loeb | Afp | Getty ImagesThe U.S. government drifted further into red ink during May, with a burgeoning debt and deficit issue getting worse, the…
Vance joins Trump in bashing Powell, says Fed committing ‘monetary malpractice’ by not…
U.S. Vice President JD Vance speaks, during a tour of Nucor Steel Berkeley in Huger, South Carolina, U.S., May 1, 2025. Kevin Lamarque | ReutersPresident Donald Trump and Vice President JD Vance are now double-teaming the Federal Reserve in…
CPI inflation May 2025:
Consumer prices rose less than expected in May as President Donald Trump's tariffs had yet to show significant impact on inflation, the Bureau of Labor Statistics reported Wednesday.The consumer price index, a broad-based measure of goods…
Inditex (ITX.ES) earnings Q1 2025
The Zara lettering can be seen on the façade above the entrance to a branch of the fashion brand in the city center of Nuremberg (Bavaria) on March 6, 2025.Picture Alliance | Getty ImagesZara owner Inditex on Wednesday posted…
World Bank cuts 2025 growth outlook to 2.3% as trade tariffs weigh
Cargo shipping containers are loaded with cranes on container ships at the Burchardkai container terminal at the harbour of Hamburg, northern Germany, on June 3, 2025.Fabian Bimmer | Afp | Getty ImagesThe World Bank sharply cut its global…
OpenAI hits $10 billion in annualized revenue fueled by ChatGPT growth
OpenAI CEO Sam Altman appears on screen during a talk with Microsoft Chair and CEO Satya Nadella at the Microsoft Build 2025 conference in Seattle on May 19, 2025.Jason Redmond | AFP | Getty ImagesOpenAI has hit $10 billion in annual…
Bulgaria is set to join the euro zone. Its citizens aren’t convinced
A person beats a drum with the euro logo crossed out in red on the drumhead during a demonstration against Bulgaria entering the Eurozone in Sofia on May 31, 2025.Nikolay Doychinov | Afp | Getty ImagesBulgaria is set to become the 21st…
CEO recession expectations decline from April scare, survey says
Alexander Spatari | Moment | Getty ImagesBusiness leaders are walking back recessionary expectations for the U.S. that initially spiked in the aftermath of President Donald Trump's tariff announcement, according to data released Monday.Less…
Inflation fears receded in May as Trump eased some tariff threats, New York Fed survey shows
Fruit and vegetables are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | Afp | Getty ImagesAmericans grew less fearful about inflation in May as President Donald Trump backed off the most severe of his…
Broadcom is a buy for new investors, Apple less ‘treacherous’
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. U.S. stocks surged Friday following better-than-expected labor data. Nonfarm payrolls…
Jobs report May 2025:
Hiring decreased just slightly in May even as consumers and companies braced against tariffs and a potentially slowing economy, the Bureau of Labor Statistics reported Friday.Nonfarm payrolls rose 139,000 for the month, above the muted Dow…
Russia cuts sky-high interest rates for the first time since 2022
A Moscow shopping mall pictured earlier this year. Anadolu | Anadolu | Getty ImagesRussia's central bank on Friday cut its sky-high interest rates for the first time since September 2022, in a sign that inflation pressures — not long ago…
World could be facing another ‘China shock,’ but there’s a silver-lining
Singapore-based online grocery retailer Webuy staff is offloading containers filled with goods shipped from China.SINGAPORE -- Vincent Xue runs an online grocery retail business, offering fresh produce, canned food, packaged easy-to-cook…
We’re lifting our price target on Broadcom after its AI business impresses once again
Broadcom on Thursday night reported strong quarterly results and offered upbeat comments on the expected growth of its key artificial intelligence business. While profit-takers are pushing the stock down in extended trading, there is little…
Broadcom (AVGO) earnings report Q2 2025
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024.Justin Sullivan | Getty ImagesBroadcom reported second-quarter earnings on Thursday that beat Wall Street expectations, and the chipmaker provided…
Friday’s jobs report likely will show hiring cooled in May. What to expect
A "We're Hiring" sign at a NC Department of Adult Correction booth at a job and resource fair hosted by the Asheville Area Chamber of Commerce in partnership with NCWorks in Fletcher, North Carolina, US, on Wednesday, April 9, 2025. Allison…
Lululemon beats on Q1 2025 earnings, cuts outlook
People walk past a Lululemon department store in New York City on June 5, 2024.Michael M. Santiago | Getty ImagesLululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance,…
Here are the companies making job cuts
Layoffs are illustrated by an oversized pair of scissors, that looms over seven workers sitting in office chairs suspended by strings.Mathisworks | Digitalvision Vectors | Getty ImagesWhile Elon Musk has ended his government cost-cutting…
Satellite imaging play Planet Labs pops more than 50% after posting earnings beat
his satellite image from Planet Labs PBC shows what appears to be a sunken Chinese submarine at a shipyard near Wuhan, China, June 15, 2024.Planet Labs PBC via APShares of satellite imagery company Planet Labs soared more than 50% during…
Trade deficit fell by a record amount in April as demand dropped for imports
The U.S. deficit with its global trading partners tumbled by the largest amount on record in April as companies and consumers no longer rushed to get imports ahead of President Donald Trump's tariffs.Following a record-breaking surge in the…
Brown-Forman warns of tariff uncertainty
Bottles of the American whiskey Jack Daniel's are offered for sale in a liquor store on November 27, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesShares of Jack Daniel's-maker Brown-Forman plunged more than 18% on Thursday after the…
MongoDB (MDB) fiscal Q1 earnings 2026
Dev Ittycheria, CEO of MongoDBAdam Jeffery | CNBCMongoDB shares surged 15% after the software company surpassed fiscal first-quarter earnings expectations and raised its outlook, citing growing confidence in its cloud-based database…
Companies already raise prices or plan to, blaming tariffs, data shows
Johnson & Johnson manufacturing facility in Wilson, North Carolina.Courtesy: Johnson & JohnsonData from the New York Federal Reserve shows a majority of companies have passed along at least some of President Donald Trump's tariffs…
Fed ‘Beige Book’ economic report cites declining growth, rising prices and slow hiring
A store closing sign is displayed as customers shop during the last day of a store closing sale at a JOANN Fabric and Crafts location in a shopping mall following the company's bankruptcy in Torrance, California on May 27, 2025. Patrick T.…
Fed ‘Beige Book’ economic report cites declining growth, rising prices and slow hiring
A store closing sign is displayed as customers shop during the last day of a store closing sale at a JOANN Fabric and Crafts location in a shopping mall following the company's bankruptcy in Torrance, California on May 27, 2025. Patrick T.…
Fed ‘Beige Book’ economic report cites declining growth, rising prices and slow hiring
A store closing sign is displayed as customers shop during the last day of a store closing sale at a JOANN Fabric and Crafts location in a shopping mall following the company's bankruptcy in Torrance, California on May 27, 2025. Patrick T.…
CrowdStrike drops on lackluster guidance, impact from July IT outage
George Kurtz, chief executive officer of Crowdstrike Inc., listens during an interview in San Francisco, California, U.S., on Wednesday, Sept. 25, 2019. Michael Short | Bloomberg | Getty ImagesShares of CrowdStrike slumped more than 4% on…