Month: May 2025
Xpeng shares rise, adding to 66% rally after the Chinese EV maker’s losses narrowed
An Xpeng booth at the 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025. Cfoto | Future Publishing | Getty Images Xpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations. The […]
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M&S cyberattack to wipe out nearly one-third of annual profits
A Marks & Spencer Group Plc (M&S) store in Kingston-upon-Thames, UK. Bloomberg | Getty Images British retailer Marks & Spencer said Wednesday that a recent cyberattack, which left food shelves bare and brought online sales to a standstill, will wipe out almost one-third in its annual profits. The company, known for its clothing, homeware and […]
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Sterling gains 0.5% after UK inflation leaps in April: Live updates
M&S cyberattack to cost retailer $400 million People walk past a Marks & Spencer store. Sopa Images | Lightrocket | Getty Images British retail giant M&S said Wednesday that a recent cyberattack, which brought online sales to a standstill and left food shelves bare, would cost it around £300 million ($403 million) in operating profit. […]
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CNBC Daily Open: Tariff tumult rocking markets doesn’t mean artificial intelligence is out of the picture
A view of a Tesla Cybercab, also known as the Robotaxi, during the Silicon Valley Auto Show at Santa Clara Convention Center in California, U.S., on Feb. 22, 2025. Tayfun Coskun | Anadolu | Getty Images One consequence of the tariff tumult caused by U.S. President Donald Trump over the past month is that investor […]
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UK inflation surges to hotter-than-expected 3.5% in April
A customer looks at goods on a shelf in a supermarket on January 15, 2025 in London, England. Dan Kitwood | Getty Images News | Getty Images The U.K.’s annual inflation rate hit 3.5% in April, coming in above analyst expectations, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists […]
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Nvidia says U.S. export controls on AI chips to China were ‘a failure’
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Computex conference in Taipei, Taiwan, on Tuesday, May 20, 2025. Annabelle Chih | Bloomberg | Getty Images U.S. export controls on artificial intelligence chips to China were “a failure”, Nvidia Chief Executive Jensen Huang said on Wednesday. “All in all, the export control […]
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S&P 500 futures are little changed after benchmark snaps six-day win streak: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) on May 19, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images S&P 500 futures wavered early Wednesday following a losing session on Wall Street that snapped a winning streak. Futures tied to the broad index shed 0.3%, […]
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CNBC’s The China Connection newsletter: A fragile truce as tempers flare
Containers pile up at Taicang Port Container Terminal in Suzhou City, Jiangsu Province, China, on May 18, 2025. Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business […]
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Japan’s farm minister said he has never had to buy rice. That cost him his job
Japan’s farm minister Taku Eto responds to questions from media after submitting his resignation to Prime Minister Shigeru Ishiba at the prime minister’s office in Tokyo on May 21, 2025. Str | Afp | Getty Images Japan’s farm minister Taku Eto stepped down on Wednesday, domestic media reported, following public outrage over his comments on […]
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Target will report earnings before the bell. Here’s what to expect
A view of a Target store on March 5, 2025 in Novato, California. Justin Sullivan | Getty Images Target will report its fiscal first-quarter earnings Wednesday, as the Minneapolis-based cheap chic retailer tries to get back to growth. Here’s what Wall Street is expecting for the discounter, according to a survey of analysts by LSEG: […]
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