Month: June 2025
As GOP weighs Obamacare cuts, the party’s constituents are more likely to use marketplace coverage, poll finds
Key Points More Republicans than Democrats get health insurance through the Affordable Care Act marketplace, according to a poll by KFF. The GOP-controlled House of Representatives passed a massive tax and spending bill in May that makes substantial cuts to health programs for the ACA, also known as Obamacare. Millions of people are expected to […]
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Aerospace giant Rolls-Royce to build Britain’s first small modular nuclear reactors
A model of an UltraFan on the Rolls-Royce Holdings Plc stand on day two of the Farnborough International Airshow in Farnborough, UK, on Tuesday, July 23, 2024. Bloomberg | Bloomberg | Getty Images British aerospace group Rolls-Royce on Tuesday received backing from the U.K. government to build the country’s first small modular nuclear reactors. The […]
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Uber taps AI firm Wayve to pilot fully driverless rides in the UK
A delivery van outfitted with Wayve’s autonomous driving software is part of the fleet of vehicles making grocery deliveries across London. Source: Wayve Uber on Tuesday announced it’s partnered with self-driving car technology firm Wayve to launch trials of fully autonomous rides in the U.K. The ride-hailing app said the pilot would be the first […]
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‘Collateral damage’: Fund managers lobby Congress over Section 899 to avert foreign investors leaving the U.S.
American fund managers are lobbying Congress over a provision tucked inside President Donald Trump’s tax bill that they say could lead to foreign investors “quickly” pulling investments out of the U.S. The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives in May, aims to penalize foreign-owned firms operating in the […]
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Bulgaria is set to join the euro zone. But its citizens aren’t convinced
A person beats a drum with the euro logo crossed out in red on the drumhead during a demonstration against Bulgaria entering the Eurozone in Sofia on May 31, 2025. Nikolay Doychinov | Afp | Getty Images Bulgaria is set to become the 21st member of the euro zone after receiving sign off from the […]
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Europe to follow global markets higher as China-U.S. trade talks continue in London
British job openings continue steady decline, wage growth cools The ONS’s data also showed this morning that job vacancies in the U.K. fell to 736,000 between March and May — a decline of 63,000 openings, or 7.9%, from the previous three-month period. It marked the 35th consecutive decline in job openings. Meanwhile, average earnings […]
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CNBC Daily Open: ‘Good reports’ from U.S.-China talks could push S&P 500 to new high, analysts say
He Lifeng, China’s vice premier, arrives for trade talks at Lancaster House in London on June 9, 2025. Chris Ratcliffe | Bloomberg | Getty Images Trade negotiators from the U.S. and China have met in London, and talks are expected to continue Tuesday, a source familiar with the situation told CNBC’s Megan Casella. It seems […]
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Temu and Shein are pivoting to Europe to deal with U.S. tariffs. But they may not get a warm welcome
Shein and Temu icons on a phone screen. Jakub Porzycki | Nurphoto | Getty Images Temu and Shein are pivoting to Europe as their business in the U.S. takes a major hit from unfavorable trade policies. But the China-founded budget e-commerce apps may not receive a warm reception in their new target markets. In recent […]
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Huawei chips are one generation behind U.S. but firm finding workarounds, CEO says
Logo of Huawei at the Mobile World Congress 2024. Ramon Costa | SOPA Images | Lightrocket | Getty Images Huawei Technologies’ chips are one generation behind those of U.S. peers but the firm is finding ways to improve performance through methods such as cluster computing, Chinese state media quoted CEO Ren Zhengfei as saying on Tuesday. The chipmaker invests 180 billion yuan ($25.07 billion) in research annually and […]
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CNBC Daily Open: If U.S.-China talks go well, analysts think the S&P 500 could hit new high
U.S. Treasury Secretary Scott Bessent (center) at Lancaster House in London, U.K., on Monday, June 9, 2025. Chris Ratcliffe | Bloomberg | Getty Images Trade negotiators from the U.S. and China have met in London, and talks are expected to continue Tuesday, a source familiar with the situation told CNBC’s Megan Casella. At the top […]
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