Month: June 2025
Have defense stocks hit their ceiling? Citi’s downgrade offers clues
European defense stocks have soared this year amid a regional push toward ramping up defense spending – but according to investment bank Citi, the bull run may soon run out of steam. The Stoxx Europe Aerospace and Defense index has gained almost 50% since the beginning of the year, with a handful of stocks, including […]
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Trump Organization scraps ‘made in the USA’ tag for its gold T1 smartphone
US President Donald Trump uses a cellphone aboard Marine One before it departs Leesburg Executive Airport in Leesburg, Virginia, on April 24, 2025. Trump is returning to the White House after attending a MAGA, Inc. dinner at the Trump National Golf Club Washington, DC. Alex Wroblewski | AFP | Getty Images The Trump Organization scrapped […]
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How ‘Daddy’ talk and Trump and Rutte’s bromance stole the NATO spotlight
US President Donald Trump (R), German Chancellor Friedrich Merz (L,up), NATO Secretary General Mark Rutte (L) and Greek Prime Minister Kyriakos Mitsotakis (R, up) gather for a family photo before a plenary session of the North Atlantic Treaty Organization (NATO) Heads of State and Government summit in The Hague, on June 25, 2025. Christian Hartmann […]
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Blacklisted by the U.S. and backed by Beijing, this Chinese AI startup has caught OpenAI’s attention
The Zhipu AI logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images OpenAI is putting a spotlight on an under-the-radar artificial intelligence startup that it believes is on the “front line” of China’s race to lead the world in AI — and its not DeepSeek. In a blog post […]
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H&M shares jump 5% as summer shopping pick-up seen after weaker-than-expected quarterly sales
A close-up view of the illuminated red H&M logo in front of a display of women’s summer dresses and casual apparel at a retail store. Cheng Xin | Getty Images News | Getty Images Swedish clothing giant H&M on Thursday reported weaker-than-expected sales in the fiscal second quarter but pointed to an uptick in demand to […]
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CNBC Daily Open: Funny how the S&P 500 is teasing a new high amid uncertainties
Traders work at the New York Stock Exchange on June 25, 2025. NYSE Have we gone back in time? It certainly seems on the markets front. Just look at the S&P 500 and you will think that it’s back in February — before U.S. President Donald Trump’s “reciprocal” tariffs, before the White House’s “One Big […]
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European markets set to open in mixed territory as investors weigh ceasefire, NATO move
Here are the opening calls The London skyline on Sept. 15, 2023. Yui Mok – Pa Images | Pa Images | Getty Images Good morning from London, and welcome to CNBC’s live blog covering all the action in European financial markets on Thursday, and the latest regional and global business news, data and earnings. Futures […]
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Japan rice crisis shows signs of easing as prices stabilize and stocks return to shelves
A worker puts konbu sea weed on rice on the riceball production line at the processing factory of Fuji Foods Co., in Funabashi, Chiba, Japan, on Friday, Jan. 26, 2024. Riceballs are one of the 7-Eleven Japan’s most important products, with more than 2 billion sold each year. Photographer: Noriko Hayashi/Bloomberg via Getty Images Bloomberg […]
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China urges Beijing-backed development bank to focus more on Belt and Road Initiative
Chinese Premier Li Qiang spoke at the opening ceremony of the ASEAN-China-GCC Economic Forum in Kuala Lumpur, Malaysia, on May 27, 2025. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese Premier Li Qiang on Thursday urged the Asian Infrastructure Investment Bank to increase its support for Beijing’s Belt and Road Initiative. “I hope […]
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‘Cyber plague’: Experts warn of growing infostealer threat after billions of login details exposed
“Someone, somewhere is having data exfiltrated from their machines as we speak,” says Volodymyr Diachenko, co-founder of the cybersecurity consultancy SecurityDiscovery. Sarayut Thaneerat | Moment | Getty Images Cybercriminals have intensified their efforts to steal and sell online passwords, experts warn. The alarm comes after the discovery of online datasets containing billions of exposed account […]
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