Month: March 2025
Inflation rate hits 2.8% in February, less than expected
Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a wide-ranging measure of costs across the U.S. economy, ticked up a seasonally adjusted 0.2% […]
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Stocks making the biggest moves premarket: Intel, Crocs, Tesla, Groupon and more
Check out the companies making headlines in premarket trading. Groupon — Shares of the digital marketplace surged around 21% after the company’s full-year revenue guidance exceeded Wall Street’s expectations. Groupon issued a range of $493 million to $500 million, topping the consensus forecast of $491.5 from analysts polled by FactSet. The company also posted stronger […]
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China says it’s willing to cooperate with the U.S. on fentanyl
China’s and U.S.’ flags are seen printed on paper in this illustration taken January 27, 2022. Dado Ruvic | Reuters BEIJING — China is willing to do more to address White House concerns about illicit fentanyl trade, but it will be “a different thing” if ongoing debate over the drug facilitates more U.S. tariffs on […]
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AerCap CEO on tariff impact: A Boeing 787 will go up by $40 million ‘in worst case scenario’
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Phil LeBeau and AerCap CEO Aengus Kelly join ‘Squawk Box’ to discuss the state of global airline travel demand, impact of tariffs, Boeing’s production and delivery timeline, and more. Source
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India’s inflation rate dips to cooler-than-expected 3.61% in February, below central bank’s target
People buying vegetables at a local market in Noida, Uttar Pradesh on August 22, 2023. (Photo by Chandradeep Kumar/ The India Today Group via Getty Images) The India Today Group | The India Today Group | Getty Images India’s inflation rate in February fell to a lower-than-expected 3.61% in February as vegetable prices cooled, the […]
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Inditex shares sink 7% as Zara owner points to sales slowdown
Zara owner Inditex on Wednesday posted a year-on-year rise in fourth-quarter sales that met expectations, even as the retailer pointed to a slowdown in demand at the start of the year. The Spanish retailer reported revenues of 11.21 billion euros [$12.2 billion] in the three-month period, matching the 11.2 billion euros forecast by LSEG analysts and […]
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French industrial giant Schneider Electric hails the significance of China’s ‘DeepSeek moment’
China’s so-called “DeepSeek moment” is likely to be good news in the global race to develop artificial intelligence models that can carry out more complex tasks, according to Jean-Pascal Tricoire, chairman of French power-equipment maker Schneider Electric. “I actually think its good news. We need AI at every level,” Tricoire told CNBC’s Steve Sedgwick at […]
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Ailing Swedish EV battery firm Northvolt files for bankruptcy
A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Struggling electric vehicle battery manufacturer Northvolt on Wednesday said it has filed for bankruptcy in Sweden. The firm said it that it submitted the insolvency filing after an “exhaustive effort to explore all available means to secure a viable […]
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We ‘must act’: Europe retaliates against Trump’s 25% tariffs on steel and aluminum imports
Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. Fabian Bimmer | Reuters The European Union has reacted swiftly to U.S. President Donald Trump’s 25% tariffs on steel and aluminum imports that came into effect Wednesday, retaliating with their own punitive counter-measures […]
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China’s Commerce Ministry held talks with Walmart after report on price cut demand, state media says
A Walmart Supercenter in Burbank, California, on Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images China’s Ministry of Commerce has held talks with Walmart after the U.S. retail giant reportedly requested price cuts from Chinese suppliers to offset tariff costs, a state-backed media outlet said Wednesday. The announcement came after […]
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