Month: March 2025
European Central Bank to make ‘last easy rate cut’ as tariffs, higher fiscal spending loom
The European Central Bank is expected to cut interest rates for the second time this year at its Thursday meeting, but disagreement among policymakers may be set to increase amid tariff uncertainty and a potential ramp-up in regional defense spending. Markets had on Wednesday fully priced in a quarter-point rate cut for the March meeting, […]
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U.S. Olympic committee announces $100 million grant to fund athletes into their future
USA’s delegation sail in a boat along the river Seine during the opening ceremony of the Paris 2024 Olympic Games in Paris on July 26, 2024. Zhao Dingzhe | Afp | Getty Images The United States Olympic and Paralympic Committee on Wednesday announced a $100 million grant to provide long-term financial support for future Olympic […]
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Weekly mortgage demand surges 20% higher, after interest rates drop to the lowest since last year
Ryan Ratliff, center, real estate sales associate with Re/Max Advance Realty, shows Ryan Paredes, left, and Ariadna Paredes a home for sale in Cutler Bay, Florida, on April 20, 2023. Joe Raedle | Getty Images A sharp drop in mortgage interest rates finally lit a fire under loan demand. Both current homeowners and potential homebuyers […]
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Canada requests WTO consultations with U.S. over ‘unjustified tariffs’, says ambassador
Canada’s Prime Minister Justin Trudeau speaks during a news conference about the US tariffs against Canada on March 4, 2025 on Parliament Hill in Ottawa, as Foreign Minister Melanie Joly (L) and Minister of Finance and Intergovernmental Affairs Dominic Leblanc look on. Dave Chan | Afp | Getty Images Canada has requested consultations with the […]
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Foot Locker results show the sneaker industry — and Nike — still have more pain ahead
Foot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale inventory. The footwear giant delivered mix results for its holiday quarter, beating Wall Street’s expectations on earnings but falling short on sales. In […]
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London isn’t alone in facing listing challenges, LSEG CEO says – it’s a global problem
LSEG signage is seen on screens in the lobby of the London Stock Exchange in London, Britain, May 14, 2024. Hannah Mckay | Reuters London’s listing problem isn’t limited to the capital, with weakness in the U.S. and Asia too, according to the head of the London Stock Exchange Group. According to EY, there were […]
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Europe stocks open higher; German borrowing costs soar as Merz plans debt rule overhaul
European stocks opened higher Wednesday amid optimism that U.S. President Donald Trump’s 25% duties on Canada and Mexico could be relaxed, with investors also paying close attention to the potential reform of Germany’s contentious debt brake system. The Stoxx 600 index was 1.05% higher shortly after the open, following the broad downturn in global equities on […]
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Adidas’ fourth-quarter sales top expectations as final Yeezy stock sold off
An Adidas flagship store at Nanjing Road Pedestrian Street in Shanghai, China. Cfoto | Future Publishing | Getty Images Adidas on Wednesday reported an uptick in fourth-quarter sales that exceeded expectations, as the retailer sold off the last of its remaining Yeezy stock, but pointed to slower revenue growth in the year ahead. The German […]
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CNBC Daily Open: Tariff fears wipe off election gains, ignite stagflation worries
U.S. President Donald Trump arrives to address a joint session of Congress at the U.S. Capitol on March 4, 2025, with U.S. Speaker of the House Mike Johnson and Vice President JD Vance behind him. Win Mcnamee | Via Reuters U.S. President Donald Trump’s 25% tariffs on Canada and Mexico, and an additional 10% on […]
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Qualcomm CEO says its new modem creates a ‘huge delta’ in performance versus Apple
Apple webpage with iPhone 16e ad is screened on a mobile phone for illustration photo. Beata Zawrzel | Nurphoto | Getty Images Qualcomm CEO Cristiano Amon told CNBC its latest modem will create a big distance in performance versus Apple, which has made its first foray into the technology. Modems are a key component of […]
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