Month: June 2025
Nissan CEO says short-term focus is to fix the company
Vehicles are offered for sale at a Nissan dealership on December 18, 2024 in Libertyville, Illinois. Scott Olson | Getty Images Nissan CEO Ivan Espinosa on Wednesday said the short-term focus is to fix the struggling Japanese automaker, as it seeks to get back on a solid footing. “I think in the short term, the […]
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Trump’s 50% steel tariffs hit the world but UK spared full blow
An employee stands at a blast furnace in North Rhine-Westphalia, Duisburg, Germany. Picture Alliance | Picture Alliance | Getty Images U.S. tariffs entered the spotlight once again in Europe on Wednesday as U.S. President Donald Trump’s 50% levy on steel and aluminum imports to the U.S. came into effect. Announced last week and signed by […]
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The European Central Bank is almost guaranteed to cut rates. Here’s what could happen next
A projected illumination marking the 75th anniversary of the Schuman Declaration, on the Grossmarkthalle building at the European Central Bank headquarters in Frankfurt, Germany, on May 9, 2025. Alex Kraus/Bloomberg via Getty Images The European Central Bank is all but guaranteed to trim its key interest rate on Thursday. Markets were last pricing in an […]
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Fed’s Powell tells Princeton grads to guard integrity amid Trump criticism
Jerome Powell, chair of the U.S. Federal Reserve, during the Society For Advancing Business Editing and Writing annual conference in Arlington, Virginia, on April 4, 2025. Tierney L. Cross | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell told Princeton graduates to “guard” their integrity amid a flurry of criticism from U.S. President Donald […]
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Trump says ‘extremely hard’ to make a deal with China’s President Xi Jinping as trade talks stall
Key Points U.S. President Donald Trump said on Wednesday that China’s President Xi Jinping was “extremely hard” to make a deal with. A senior White House official told CNBC earlier on Monday that Trump and Xi are likely to speak this week. Source
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CNBC’s The China Connection newsletter: AI integration gives China supply chains an even greater advantage
A humanoid robot from UBTech moves a load onto an automated guided vehicle (AGV) in an electric car factory for Geely-backed Zeekr on Aug. 5, 2024, in Ningbo, Zhejiang province of China. Vcg | Visual China Group | Getty Images This report is from this week’s edition of CNBC’s The China Connection newsletter, which brings […]
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Tesla’s Australia sales soar in May — a bright spot amid struggles elsewhere
Electric vehicles outside a Tesla dealership in Melbourne on April 19, 2023. William West | AFP | Getty Images Tesla may be facing declining sales in the U.S. and Europe, but it reported a bright spot in Australia — where its electric vehicle sales rebounded to their highest level in nearly 12 months in May. […]
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European markets set to open higher, shrugging off Trump’s 50% metals tariffs
Trump’s 50% steel tariffs could see European steelmakers lower prices The European steel industry is set to see a mixed impact on prices after U.S. President Donald Trump said tariffs on steel imports will double from 25% to 50% on June 4. The latest tariffs will cause U.S. domestic prices of steel to increase, which […]
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CNBC’s UK Exchange newsletter: A lament for the losses on Royal Bank of Scotland
This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and the key personalities shaping the news. The newsletter will also highlight other key developments in the U.K. that you won’t want to miss, plus a preview of […]
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Toyota Industries’ shares nosedive on $33 billion buyout deal — steepest fall in 10 months
The Toyota Industries Corp. logo at the company’s Nagakusa plant in Obu, Aichi Prefecture, Japan. Bloomberg | Bloomberg | Getty Images Shares of Toyota Industries slumped as much as 13% Wednesday, after Toyota Group’s reported 4.7 trillion yen ($33 billion) deal to take the company private. That includes a tender offer of $26 billion for shares of Toyota Industries […]
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