Month: February 2025
Chinese giant Alibaba posts profit and revenue beat in December quarter amid strength in cloud unit
Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Wednesday, March 29, 2023. Alibaba’s overhaul could serve as a template for a restructuring of China Tech itself: a shake-up that achieves Beijings aim of carving up the countrys tech titans while unlocking potentially billions of dollars in pent-up shareholder value. Bloomberg | […]
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CNBC’s Inside India newsletter: How natural gas could help solve the India-U.S. trade dispute
Workers walk on the jetty’s platform at the Dhamra LNG Terminal Private Limited (DLTPL) near Dhamra port in Bhadrak district of India’s Odisha state on October 16, 2024. (Photo by Punit PARANJPE / AFP) (Photo by PUNIT PARANJPE/AFP via Getty Images) Punit Paranjpe | Afp | Getty Images This report is from this week’s CNBC’s […]
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Europe risks becoming a ‘museum’ if it doesn’t innovate in AI and deregulate, Swedish PM warns
Swedish Prime Minister Ulf Kristersson during a press conference on Jan. 17, 2025. Florian Gaertner | Photothek | Getty Images STOCKHOLM — Europe is at risk of becoming a “museum” if it doesn’t soften strict curbs on artificial intelligence technologies and deregulate, Sweden’s Prime Minister Ulf Kristersson said Thursday. “I think we really need to […]
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Schneider Electric shares pop 6% as record profit beats expectations; Europe stocks mixed
Renault reports record operating profit and revenue beat French automaker Renault on Thursday posted its highest-ever annual operating profit while revenues came in well above expectations, as the company said its “unprecedented” flurry of product launches had boosted performance. Group revenue increased 7.4% year on year to 56.2 billion euros ($58.6 billion), ahead of the […]
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Russia spent years loathing the U.S. as its economy paid a high price for the war — now, it’s doing a U-turn
Russian President Vladimir Putin during a joint press conference with U.S. President Donald Trump in the Presidential Palace in Helsinki, Finland, on July 16, 2018. Jussi Nukari | Lehtikuva | Reuters Since invading Ukraine three years ago, Russia has spent a significant amount of energy demonizing the U.S. and denigrating its leadership, economy and culture […]
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CNBC Daily Open: The Fed, concerned over Trump tariffs, might hold rates
Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office Building on Capitol Hill on February 11, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images Members of the U.S. Federal Reserve’s rate-setting committee unanimously agreed to hold rates steady in January because they were, […]
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Who is Friedrich Merz, the favorite to become Germany’s new chancellor?
Friedrich Merz, Union candidate for chancellor and CDU federal chairman, joins the “Quadrell” TV round in the Bundestag election campaign. Michael Kappeler | Picture Alliance | Getty Images Friedrich Merz, migration hardliner and longtime rival of Angela Merkel, is expected to become Germany’s next chancellor. His party the Christian Democratic Union is leading polls alongside […]
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Walmart will report earnings before the bell. Here’s what to expect
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania. Paul Weaver | Lightrocket | Getty Images Walmart will report its latest quarterly earnings before the bell on Thursday, as investors try to parse whether softer retail sales in January were a blip or a bigger warning sign. As Walmart is […]
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Appeals court declines to reinstate Trump’s birthright citizenship order
U.S. President Donald Trump in the Oval Office at the White House on Feb. 14, 2025. Nathan Howard | Reuters A three-judge panel of the 9th U.S. Circuit Court of Appeals on Wednesday declined the Justice Department’s request to immediately reinstate President Donald Trump’s executive order limiting birthright citizenship, setting up a potential emergency application to […]
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Trump expects visit from Chinese President Xi without giving timeline
Chinese President Xi Jinping and U.S. President Donald Trump. Dan Kitwoodnicholas Kamm | Afp | Getty Images U.S. President Donald Trump said on Wednesday he expected Chinese President Xi Jinping to visit the United States without giving a timeline for his trip. Trump made the remarks to reporters on Air Force One and said “it’s possible” for the U.S. and China to have a new trade deal. A conversation or interaction […]
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