Month: May 2025
India’s iPhone exports to the U.S. soared an estimated 76%. But Trump, Beijing won’t make further growth easy
“This latest trade war with China, is the type of disturbance that Apple has long been trying to prepare itself for,” says Le Xuan Chiew, a research manager at Omdia. Kevin Carter | Getty Images News | Getty Images Shipments of iPhones from India to the U.S. rose 76% in April year on year, estimates […]
Read More
Tesla’s Europe sales plunge 49% on brand damage, rising competition
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC European sales of Tesla vehicles plunged in April, as the U.S. electric carmaker continues to face reputational damage regionally and rising competition. Tesla sold 7,261 cars in Europe in April, down 49% year-on-year, according to the European Automobile Manufacturers’ Association (ACEA). That drop […]
Read More
Diamonds are forever? Not with tariffs in the way
Diamond rings and bracelets on display in a show window in Antwerp, Belgium. (Photo by Yuriko Nakao/Getty Images) Yuriko Nakao | Getty Images News | Getty Images They might be made of the hardest material on earth, but diamonds, with their complex supply chains and expensive price tag, are particularly fragile to U.S. President Donald […]
Read More
CNBC Daily Open: European nations and companies reposition themselves in response to Trump tariffs
French President Emmanuel Macron at a luncheon with Vietnam’s Communist Party General Secretary To Lam at the Temple of Literature in Hanoi, Vietnam, on May 26, 2025. Chalinee Thirasupa | Afp | Getty Images French President Emmanuel Macron visiting Vietnam and Swedish automaker Volvo Cars laying off employees might not appear to have much in […]
Read More
UK food inflation is on the rise, European consumer data to follow
U.K. food inflation jumps for fourth month in a row Food inflation in the U.K. rose by 2.8% year-on-year in May, according to the British Retail Consortium, marking the fourth consecutive month of price rises. The figure was up from 2.6% year-on-year growth in April, and above the three-month average of 2.6%. Helen Dickinson, […]
Read More
She’s made $10,000 in an hour from her dumpling business—more than what she made a month in corporate
Samantha Mui, 34, is the founder of Thirsty Dumpling, a do-it-yourself dumpling-making startup. Courtesy of Samantha Mui Samantha Mui teaches people how to make dumplings for a living, making as much as $10,000 an hour, according to documents reviewed by CNBC Make It. That’s more than what she used to make a month from her corporate job. […]
Read More
China’s industrial profits rise 3% in April after output beat estimates despite U.S. tariffs
An employee works on a vehicle crankshaft production line at a factory which produces engine parts in Binzhou, in eastern China’s Shandong province on March 14, 2025. Str | Afp | Getty Images China’s industrial profits rose for a second straight month in April, official data showed Tuesday, despite prohibitive U.S. tariffs and persistent deflationary […]
Read More
CNBC Daily Open: Europe is already responding to Trump tariffs
France’s President Emmanuel Macron gives a press statement near the Metropole Hotel before attending a state dinner in Hanoi on May 26, 2025. Ludovic Marin | Afp | Getty Images French President Emmanuel Macron visiting Vietnam and Swedish automaker Volvo Cars laying off employees might not appear to have much in common. But they are, […]
Read More
The ultra-rich are increasingly parking their gold in Singapore as global risks and Trump volatility mount
“The idea of putting physical metal in a safe jurisdiction like Singapore with parties they can trust is becoming a big trend nowadays,” says Gregor Gregersen, founder of The Reserve. Alessia Pierdomenico | Bloomberg | Getty Images The ultra-wealthy are increasingly moving their gold offshore as economic and geopolitical uncertainty roils markets — and Singapore […]
Read More