Month: March 2025
Fire at power substation near Heathrow Airport causes shutdown impacting 1,334 flights
CNBC’s Phil LeBeau reports on news regarding London’s Heathrow Airport. Source
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Tariff fears are raising construction costs by up to 20%, says Related Group CEO
Related Group CEO Jon Paul Pérez. Courtesy of Future Proof and Triangle BLVD Building contractors are already hiking prices as much as 20% to offset potential tariffs, a move that could also raise prices of new condos and homes, according to the CEO of developer Related Group. President Donald Trump has imposed 25% tariffs on […]
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The Magnificent 7’s lousy year, by the numbers
Elon Musk attends the first cabinet meeting hosted by U.S. President Donald Trump, in Washington, D.C., U.S., Feb. 26, 2025. Brian Snyder | Reuters It’s been a painful year so far for megacap technology giants and 2025 is only getting started. Six members of the group are already tracking for significant year-to-date losses, led by […]
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Stocks making the biggest moves premarket: Lennar, Cleveland-Cliffs, FedEx, Nike and more
Check out the companies making headlines in premarket trading. FedEx — Shares tumbled more than 8% after the parcel delivery company slashed its full-year guidance , citing “weakness” in the U.S. industrial economy. FedEx now said to expect between $18 and $18.60 in earnings per share after certain exclusions, down from the range of $19 […]
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European travel stocks fall after Heathrow Airport closure; British Airways-owner IAG down 1.4%
European markets moved lower in early trade on Friday, with travel stocks leading the losses. The pan-European Stoxx 600 was nearly 0.6% lower by 11:50 a.m. London time, while the French CAC 40 was around 0.6% lower and the German DAX shed 0.7%. London’s FTSE 100 was nearly 0.5% lower. The travel and leisure sector […]
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British pharma giant AstraZeneca to invest $2.5 billion in new China hub
Outside the Macclesfield factory of AstraZeneca. Christopher Furlong | Getty Images News | Getty Images British pharmaceutical giant AstraZeneca on Friday said that it will invest $2.5 billion in a research and development center in Chinese capital Beijing. The new hub is expected to take AstraZeneca’s Beijing workforce to around 1,700 employees. Don’t miss AstraZeneca’s CEO […]
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More women are leading investments for the likes of Lukas Walton and Len Blavatnik
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Elizabeth Lilly started her own asset management firm in 2017, fulfilling a dream three decades in the making. Since […]
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London’s Heathrow Airport closes after ‘catastrophic’ fire nearby, prompting travel chaos
CNBC’s Karen Gilchrist joins ‘Squawk Box’ to report on the latest news. Source
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German upper house of parliament OKs debt reform, half-trillion fund
The Bundestag Federal Eagle symbol in the plenary hall of the Bundestag, Germany’s parliament. Krisztian Bocsi | Bloomberg | Getty Images Germany’s upper house of parliament on Friday passed a reform of the country’s borrowing rules and a 500-billion-euro ($542 billion) fund to revamp its infrastructure and revive Europe’s largest economy. The constitutional amendment to […]
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Accenture is DOGE’s first corporate casualty as shares dive on warning that contracts will be cut
Accenture signage is pictured in Warsaw, Poland, on Aug. 7, 2024. leksander Kalka | Nurphoto | Getty Images Shares of Accenture slid Thursday after the consulting firm said efforts to tighten federal spending have begun to weigh on its revenues. Shares tumbled 7.3% after Accenture’s chief executive officer said in a fiscal second-quarter earnings call […]
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