Month: March 2025
European markets open higher amid tariff uncertainty; Shell up 2% as it plans to bolster shareholder returns
European markets opened higher on Tuesday as uncertainty remained over the scope and breadth of U.S. President Donald Trump’s trade tariffs. The pan-European Stoxx 600 index opened 0.3% higher, while London’s FTSE 100 was up around 0.33%, and France’s CAC 40 was 0.5% higher. Earnings come from Kingfisher and Smiths Group. On the data front, […]
Read More
Oil major Shell bolsters shareholder distributions, cuts spend
A view shows a board with the logo of Shell at the company’s fuel station in Saint Petersburg, Russia May 6, 2022. Anton Vaganov | Reuters British oil major Shell on Tuesday announced plans to increase shareholder distributions, prioritize share buybacks and reduce capital spending in a bid to “deliver more value with less emissions.” […]
Read More
China invites U.S. business leaders to Beijing as it tries to gauge Trump’s plans
Attendees pose for a group photo before the opening ceremony of the China Development Forum 2025 at the Diaoyutai Guesthouse on March 23, 2025, in Beijing. China News Service | China News Service | Getty Images BEIJING — China courted the executives of major U.S. businesses at an annual conference this week in a sign […]
Read More
CNBC Daily Open: Trump hints at softer tariffs, rallying markets
U.S. President Donald Trump greets members of the audience after signing a proclamation during a Greek Independence Day celebration at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty Images U.S. President Donald Trump’s tariffs have so far taken the shape of country-specific, sweepingly reciprocal, targeted at sectors and applicable […]
Read More
These 10 Asian markets offer high returns on short-term rentals — half top $40,000 a year
Short-term rentals in Hakuba, Japan on average, bring in over $60,000 annually, according to new data by AirDNA. Oscar Wong | Moment | Getty Images Starting a short-term rental business can be very lucrative if done correctly. One of the biggest initial hurdles is picking the right market to purchase a property, which can play […]
Read More
Samsung Electronics says co-CEO Han Jong-hee has passed away
Han Jong-hee, co-chief executive officer of Samsung Electronics Co., at the company’s annual general meeting at the Suwon Convention Center in Suwon, South Korea, on Wednesday, March 19, 2025. Bloomberg | Bloomberg | Getty Images South Korea’s Samsung Electronics said Tuesday that its co-CEO Han Jong-hee has passed away at the age of 63. He […]
Read More
Israeli military intercepts missile launched from Yemen
Houthi military spokesman Yahya Saree speaks during a rally in solidarity “with the people of Gaza” in the Houthi-controlled capital Sanaa, Yemen on Dec. 13, 2024. Mohammed Huwais | Afp | Getty Images The Israeli military said it had intercepted a missile over Israel on Monday that had been launched from Yemen, according to a statement. The Houthis, undeterred by waves of U.S. strikes since […]
Read More
Morgan Stanley’s near-term rally call: CIO Mike Wilson sees beaten-up Mag 7 stocks as winners
Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner. “It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the […]
Read More
Asia-Pacific markets set to open mixed after Wall Street rallies on expectations of softer tariffs
Tien Nguyen | 500px Plus | Getty Images Asia-Pacific markets were set to open mixed Tuesday, after Wall Street gained on hopes that U.S. President Donald Trump’s tariffs could be be softer than expected. Australia’s S&P/ASX 200 started the day 0.63% higher. The country’s budget will be tabled by Treasurer Jim Chalmers later in the day. […]
Read More
How Japan’s largest AI unicorn is shaping the future of deep learning
Widely considered Japan’s leading artificial intelligence startup, Preferred Networks is on a mission to tackle “real-world” challenges through deep learning. CNBC’s Christine Tan sat down with the company’s founders in this episode of “Managing Asia.” Widely considered Japan’s leading artificial intelligence startup, Preferred Networks is on a mission to tackle “real-world” challenges through deep learning. […]
Read More