Month: April 2025
Adidas warns it will raise prices on all U.S. products due to tariffs
Customers shop in an Adidas store on April 4, 2025 in Miami, Florida. Joe Raedle | Getty Images Sportswear giant Adidas on Tuesday said that U.S. President Donald Trump’s tariffs would result in price hikes for all its U.S. products. The company said it did not yet know by how much it would boost prices, […]
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Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive
Mikael Sjoberg | Bloomberg | Getty Images Swedish-based automaker Volvo Cars on Tuesday announced cost-cutting plans of 18 billion Swedish krona ($1.87 billion) and withdrew financial guidance as its operating profit fell sharply in the first three months of the year. Volvo Cars, which is owned by China’s Geely Holding, reported first-quarter operating profit of […]
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Europe stocks open higher; Volvo Cars sheds 10%, Porsche falls 7% after earnings
AstraZeneca shares fall despite earnings growth AstraZeneca’s production plant in Snackviken, Sweden. Roland Magnusson | iStock Editorial | Getty Images British pharmaceutical giant AstraZeneca was 4% lower shortly after the opening bell, after the company posted its first-quarter earnings update. On Tuesday morning, AstraZeneca reported a 10% year-on-year rise in total revenue, which hit $13.59 […]
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Alibaba launches new Qwen LLMs in China’s latest open-source AI breakthrough
Qwen3 is Alibaba’s debut into so-called “hybrid reasoning models,” which it says combines traditional LLM capabilities with “advanced, dynamic reasoning.” Sopa Images | Lightrocket | Getty Images Alibaba released the next generation of its open-sourced large language models, Qwen3, on Tuesday — and experts are calling it yet another breakthrough in China’s booming open-source artificial […]
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Oil giant BP posts 49% drop in first-quarter profit on weaker crude prices
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices. The beleaguered oil and gas major posted […]
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CNBC Daily Open: U.S. consumers are starting to feel the pinch of Trump tariffs
A Dollar Store on April 1, 2024, in Lansing, Michigan, U.S. Spencer Platt | Getty Images News | Getty Images Tariffs unleashed — and temporarily, almost capriciously, paused — by U.S. President Donald Trump have given governments across the world a headache as they figure out how to minimize disruptions to their economies. But the […]
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Deutsche Bank posts 39% jump in first-quarter profit, above expectations
A sign for Deutsche Bank AG at a bank branch in the financial district of Frankfurt, Germany, on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty Images Germany’s largest lender Deutsche Bank on Tuesday posted higher-than-expected first-quarter profit on robust investment banking performance, as lenders in Europe’s largest economy navigate broader market turbulence instigated […]
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‘It’s unlike anything we have seen before:’ European Union left reeling after Trump’s first 100 days
European leaders have been left reeling after the first 100 days of U.S. President Donald Trump’s second term saw increasing geopolitical and trade turmoil. “It’s unlike anything else we’ve seen before from the U.S. administration,” European Union foreign policy chief Kaja Kallas told CNBC’s “Europe Early Edition” when asked what Trump’s first 100 days have […]
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Trump said he could stop the Ukraine war in 24 hours. After 100 days, a deal still eludes him
U.S President Donald Trump speaks to members of press onboard Air Force One on a flight to Fiumicino Airport near Rome to attend the funeral of Pope Francis, April 25, 2025. Nathan Howard | Reuters Before his presidential election win last fall, Donald Trump famously boasted that he could end the war between Russia and […]
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Uber raises in-office requirement to 3 days, claws back remote workers
Uber on Monday informed employees, including some who had been previously approved for remote work, that it will require them to come to the office three days a week, CNBC has learned. “Even as the external environment remains dynamic, we’re on solid footing, with a clear strategy and big plans,” CEO Dara Khosrowshahi told employees […]
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