Month: May 2025
Family offices bet on the U.S. and stocks for 2025, UBS finds
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. Despite growing fears of a ” sell America ” trade, American family offices are ramping up their bets on the U.S. […]
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China’s Xiaomi claims new phone chip rivals Apple at a cheaper price
Key Points Chinese smartphone company Xiaomi on Thursday claimed its new Xring O1 chip beat Apple’s version on a few metrics. The new chip will be part of Xiaomi’s new 15S Pro phone, priced below the Apple iPhone 16 Pro in China. Xiaomi also revealed its YU7 electric SUV. Source
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The Points Guy’s Brian Kelly on what’s ahead for the summer travel season
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brian Kelly, The Points Guy founder, joins ‘Squawk Box’ to discuss the upcoming summer travel season, state of the consumer, the practice of skiplagging, travel chaos at Newark airport, and more. Source
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Summer travel demand is soaring — but airlines are short on planes
People board Ryanair plane at Rome Ciampino Airport in Ciampino, Italy on April 27, 2025. Nurphoto | Nurphoto | Getty Images Airlines are facing an uphill battle during peak travel season as delivery delays at Boeing and Airbus fuel a commercial jet shortage. The ongoing capacity issue remains a cause of concern for the industry […]
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Trump tax bill clears the House in a victory for Republicans, advances to the Senate
WASHINGTON — Republicans in the U.S. House of Representatives came together early Thursday to pass President Donald Trump’s “big, beautiful” tax bill out of the chamber on a narrow vote. Every Democrat on the floor voted no, as did Republican Reps. Warren Davidson of Ohio and Thomas Massie of Kentucky. Rep. Andy Harris, R-Md., who […]
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Hong Kong passes stablecoin bill as more governments recognize the digital asset
The Tether (USDT) stablecoin logo. Costfoto | Nurphoto | Getty Images Hong Kong passed a stablecoin bill on Wednesday to expand its cryptocurrency licensing regime as more governments recognize the digital asset. Unlike volatile digital assets like bitcoin, the value of stablecoins is tied to a real-world asset like fiat currencies or commodities like gold. […]
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Investors dump bonds globally as U.S. credit downgrade, Trump’s tax bill ignite fiscal worries
The Marriner S. Eccles Federal Reserve building in Washington, D.C. Stefani Reynolds | Bloomberg Creative Photos | Getty Images A sell-off in global bonds is accelerating as Moody’s downgrade of U.S. credit rating and President Donald Trump’s tax bill has brought to fore investors’ fiscal concerns globally. Events such as credit rating downgrades or budgets […]
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Nvidia’s Jensen Huang thinks U.S. chip curbs failed — and he’s not alone
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty Images Replacing Nvidia is a tall order. While Chinese competitors are years behind the company’s cutting-edge technology, many analysts and insiders warn they are catching up, thanks to U.S. export […]
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EasyJet shares fall 1.8% after first-half loss widens
Banco BPM says regulation decision to suspend UniCredit takeover bid is ‘abnormal’ Italy’s Banco BPM has criticized as “abnormal” a late-Wednesday decision by Italian market regulator Consob to suspend for 30 days a takeover bid for the bank launched by domestic rival UniCredit. Banco BPM had rejected the $10.5 billion purchase offer in November, while […]
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Travel demand looks good for the summer, but supply is relatively constrained, says EasyJet CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk Box Europe Easyjet CEO Kenton Jarvis discusses the firm’s first-half results and explains why airlines across the sector are facing supply chain issues. 05:02 10 minutes ago Source
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