Month: June 2025
Russian ruble: The curious case of the world’s best-performing currency this year
A Russian ruble coin with a U.S. dollar bill and a quarter dollar coin in Moscow, on Oct. 10, 2023. Alexander Nemenov | AFP | Getty Images In the midst of a long-drawn war, declining oil prices, stiff sanctions, and an economy that’s on the downhill, Russia’s ruble has been rising. In fact, it is […]
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What the Musk-Trump feud could mean for Tesla stock
The spat between U.S. President Donald Trump and Elon Musk, the world’s richest person, entered new territory on Thursday — with Tesla getting caught up in the fallout. What began with Musk publicly slamming Trump’s spending bill has evolved into a full-blown row between the two, with the president threatening to withdraw billions of dollars’ […]
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Tesla jumps 5% in premarket trading as stock reels from Trump-Musk drama
A Tesla car dealership stands on June 5, 2025 in the Brooklyn borough of New York City. Spencer Platt | Getty Images Tesla shares climbed in U.S. premarket trading Friday after tensions between CEO Elon Musk and President Donald Trump fueled a $152 billion rout for the stock a day earlier. Shares of Tesla were […]
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Peak private equity? Sector gets defensive about its ability to generate top returns
Working late, office buildings, Financial District, London. Travelpix Ltd | Stone | Getty Images BERLIN — Private equity’s biggest annual gathering is called SuperReturn, but its returns haven’t been looking quite so super of late — leading the industry to urge investors to ride out the uncertainty. At this year’s conference in Berlin, Germany there […]
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Europeans say society is broken — and Brits want a rule-breaking leader to fix it, poll finds
The view of protesters during the rally at Britain’s Parliament Square. Sopa Images | Lightrocket | Getty Images People across Europe say their countries are in decline and society is broken, according to a new Ipsos poll shared with CNBC. Negative sentiment has grown in the past four years across Europe’s major economies – with […]
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From bromance to bitter feud — a timeline of Trump and Musk’s relationship
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters July 2024 Musk publicly endorses Trump following an assassination attempt at a campaign rally in Butler, Pennsylvania. Musk posts on social media platform X: “I […]
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The world could be facing another ‘China shock,’ but it comes with a silver-lining
Singapore-based online grocery retailer Webuy staff is offloading containers filled with goods shipped from China. SINGAPORE — Vincent Xue runs an online grocery retail business, offering fresh produce, canned food, packaged easy-to-cook ingredients to cost-conscious local consumers in Singapore. Xue’s Nasdaq-listed Webuy Global sources primarily from suppliers in China. Since late last year, one third […]
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Long-awaited Trump-Xi call isn’t enough to resolve looming critical mineral shortage this summer
Key Points A high-stakes U.S.-China call has yet to resolve a rare earth metals shortage. Businesses say the shortage could halt production of cars and other industrial parts this summer. Only some Chinese suppliers of U.S. companies have received six-month export licenses. Source
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CNBC Daily Open: Trump and Musk’s breakup spills into the markets
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Developments from the White House are growing more exciting and unpredictable than those 1,000-episode Asian drama serials. On Thursday, “So much for being Mr. NICE […]
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London’s IPO drought deepens but could Trump’s tariffs shake things up?
The London Stock Exchange has struggled to entice companies looking to go public — but some market watchers say a tariffs-driven diversification away from the U.S. could help the U.K. win back a greater share of the IPO market. On Thursday, British fintech giant Wise dealt a fresh blow to the London Stock Exchange by […]
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