Month: June 2025
Trump admin tells immigration judges to dismiss cases in tactic to speed up arrests
Immigration and Customs Enforcement agents detain a man after conducting a raid at the Cedar Run apartment complex in Denver, Colorado, U.S., Feb. 5, 2025. Kevin Mohatt | Reuters A recent memo to immigration judges obtained by NBC News provides fresh insight into how the Trump administration is pulling off a new tactic — dismissing pending […]
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Europe’s fastest-growing nuclear fusion company raises $148 million in record funding round
Germany, Lower Saxony, Grohnde, Grohnde Nuclear Power Plant. Westend61 German start-up Proxima Fusion on Wednesday announced it had raised 130 million euros ($148 million) in a record funding round, with investors hopeful the company can soon develop the world’s first commercial nuclear fusion power plant. The Series A financing round, which was co-led by investors […]
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UniCredit CEO says Commerzbank currently too expensive for takeover offer
Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty Images UniCredit CEO Andrea Orcel on Wednesday told CNBC that the share price of potential takeover target Commerzbank is currently too prohibitively expensive for a merger deal. UniCredit has built a surprise stake in Commerzbank […]
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Zara owner Inditex flags slowing summer sales as quarterly revenues miss expectations
The Zara lettering can be seen on the façade above the entrance to a branch of the fashion brand in the city center of Nuremberg (Bavaria) on March 6, 2025. Picture Alliance | Getty Images Shares of Zara owner Inditex fell more than 6% on Wednesday after it posted weaker-than-expected quarterly sales and flagged a slower […]
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Elon Musk says he regrets some social media posts he made about Trump
“I regret some of my posts about President @realDonaldTrump last week. They went too far,” Elon Musk said on the X social media platform. Alex Wroblewski | Afp | Getty Images Tech billionaire Elon Musk on Wednesday said he regretted some of the social media posts he made about U.S. President Donald Trump last week […]
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Dollar divorce? Asia’s shift away from the U.S. dollar is picking up pace
U.S. dollar bill. Catherine Mcqueen | Moment | Getty Images Asia’s shift away from the U.S. dollar is ramping up. A mix of geopolitical uncertainties, monetary shifts, and currency hedging is prompting a meaningful move toward de-dollarization across the region. “Trump’s erratic trade policy decisions and the dollar’s sharp depreciation are probably encouraging a more […]
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CNBC Daily Open: Headwinds don’t seem to bother the U.S. stock market
Traders work on the floor of the New York Stock Exchange on June 10, 2025. NYSE The U.S. stock market appears a little too optimistic. All three major indexes climbed Wednesday, with the S&P 500 and Nasdaq Composite enjoying their third consecutive session in the green. The S&P, in fact, is around 2% away from […]
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The rise of artificial intelligence can make college degrees ‘out of date’: Upskill in AI or fall behind, says expert
“Rapid skills change and knowledge turnover may mean formal degrees are more rapidly out of date,” according to PwC’s 2025 Global AI Jobs Barometer report. Nd3000 | Istock | Getty Images Employer demand for formal degrees is declining for all jobs, but more quickly for jobs exposed to artificial intelligence, according to the 2025 AI […]
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Nintendo sees record 3.5 million sales of its latest Switch console in first four days
Nintendo Switch 2 controllers are displayed during at the Nintendo New York store on June 4, 2025, for a launch event ahead of the video game hybrid console’s midnight release. David Dee Delgado | AFP | Getty Images Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four […]
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CNBC’s The China Connection newsletter: AI hits an already weak jobs market
College graduates of the class of 2025 seek jobs at a special job fair for the new food and biomedicine industries in Huai ‘an City, Jiangsu Province, China, on June 8, 2025. Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis […]
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