Month: June 2025
The U.S. added a thousand new millionaires a day in 2024: report
Mercer Island, a wealthy enclave just outside Seattle. Danita Delimont | Gallo Images Roots Rf Collection | Getty Images 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. The United States is […]
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Bank of England holds rates steady, but a summer cut could still be in the cards
Exterior of the Bank of England in the capital’s financial district, on Feb. 6. 2025 in London, England. Richard Baker | In Pictures | Getty Images The Bank of England kept its key interest rate on hold at 4.25% during its Thursday meeting, with economists expecting the central bank to wait until August before it […]
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Google looks likely to lose appeal against record $4.7 billion EU fine
Google suffered a setback Thursday after an advisor to the European Union’s top court recommended it dismiss the tech giant’s appeal against a record 4.1-billion-euro ($4.7 billion) antitrust fine. Juliane Kokott, advocate general at the European Court of Justice, advised the court to throw out Google’s appeal and confirm the fine, which was reduced in […]
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AI humans in China just proved they are better influencers. It only took a duo 7 hours to rake in more than $7 million
Key Points A Chinese entrepreneur raked in $7.65 million after streaming using an interactive digital avatar. That was more than what he earned from his previous livestream, which he hosted personally. “This is a DeepSeek moment for China’s entire livestreaming and digital human industry,” an analyst said. Source
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SpaceX’s Starship explodes during routine test in Texas
A SpaceX Starship is seen in Boca Chica, Texas in 2023. Patrick T. Fallon | Afp | Getty Images A SpaceX Starship rocket on Wednesday exploded at the Starbase facility in Texas during routine testing in preparation for a launch flight, according to local authorities and live stream footage. The rocket “experienced a major anomaly […]
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Shipping insurance costs spike in the Middle East as Israel-Iran conflict rages
A large commercial ship floats off the coast in Bushehr, Iran, on January 15, 2025. Bushehr is Iran’s first nuclear seaport. Amir | Afp | Getty Images Israel and Iran’s escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and Persian Gulf. Marine insurers are now charging […]
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Switzerland enters era of zero interest rates
The Swiss National Bank (SNB) in Bern, Switzerland, on Thursday, Dec. 12, 2024. Stefan Wermuth | Bloomberg | Getty Images The Swiss National Bank on Thursday cut interest rates by a further 25 basis points to 0% — adding to concerns over a potential return to negative rates. The reduction was widely expected by markets ahead of the decision, […]
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CNBC Daily Open: U.S. economic slowdown still in the cards, Fed says
U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters At U.S. Federal Reserve Chair Jerome Powell’s post-meeting press conference, the topic of tariffs — specifically, their impact on prices […]
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European stocks to open in mixed territory as sentiment dips, traders await central bank moves
Good morning, here are the opening calls London at dawn. Dukas | Universal Images Group | Getty Images Good morning from London, and welcome to CNBC’s live blog covering European financial markets and the latest regional and global business news, data and earnings. Futures data from IG suggests a choppy start for European markets, with […]
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Japan plans to cut super-long bond sales by 10% to ease market concerns, Reuters reports
The Otemachi One Tower building in Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Japan’s government plans to cut sales of super-long bonds by about 10% from the original plan in a rare revision to its bond program for the current fiscal year, trimming overall bond issuance as a result, a draft document seen by Reuters showed. The move aims to soothe market concerns over supply-demand imbalances, after weak demand at recent auctions […]
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