Month: June 2025
How tourists alerted this fund manager to sell Moncler before its stock plunge
In February, while luxury brand Moncler was still basking in the glow of a stellar 20% share price surge from January, fund manager Giles Parkinson made a contrarian move: he sold out. His decision, driven by subtle signals in tourist spending data, ultimately proved to be the right one. By the end of March, Moncler’s […]
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China’s May factory activity unexpectedly shrinks, clocking its worst drop since 2022: Caixin
JIMO, CHINA – MAY 21: Car bodies are assembled at a factory of FAW-Volkswagen Automotive Co., Ltd Qingdao Branch on May 21, 2025 in Jimo, Qingdao City, Shandong Province of China. Visual China Group | Getty Images China’s manufacturing activity in May shrank at its fastest pace since September 2022, a private survey showed Tuesday, […]
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CNBC Daily Open: Elon Musk’s companies report positive developments amid his return to work
Elon Musk laughs during a press event with US President Donald Trump in the Oval Office of the White House in Washington, DC, on May 30, 2025. Allison Robbert | AFP | Getty Images In his first week away from the U.S. government’s so-called Department of Government Efficiency, Elon Musk is seeing positive activity in his […]
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Stock futures slip after S&P 500 kicks off June with a modest gain: Live updates
Traders work on the floor of the New York Stock Exchange on June 2, 2025. NYSE Stock futures were slightly lower on Monday night after the major averages began June’s trading on a positive note. S&P 500 futures slipped 0.2%, and Dow Jones Industrial Average futures lost 83 points, or 0.2%. Futures linked to the […]
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Asia-Pacific markets set to mostly rise after Wall Street looks past global trade frictions
Aaron Foster | The Image Bank | Getty Images Asia-Pacific markets were set to mostly rise Tuesday following gains on all three Wall Street benchmarks overnight, despite mounting global trade frictions. China pushed back against the U.S.’ accusations that it had violated a temporary trade agreement. Instead, the Asian powerhouse blamed Washington for failing to uphold […]
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Trump administration is convinced massive Alaska energy project will find investors despite steep cost
The Trump administration is confident that a massive liquified natural gas project in Alaska will find investors despite its enormous cost. President Donald Trump has pushed Alaska LNG as a national priority since taking office. Alaska has already spent years trying to build an 800-mile pipeline from the North Slope above the Arctic Circle south […]
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In China, ‘The Great American’ burger is now made with Australian beef
At his restaurant in Beijing, Geng Xiaoyun used to offer a special dish of salt-baked chicken feet — or “phoenix talons” as they are called in China — imported from America. With prices climbing 30% from March due to tariffs, the owner of Kunyuan restaurant had to pull the Chinese delicacy from the menu. “American […]
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Disney laying off several hundred in film, TV, finance: Reuters
Bob Iger, CEO, The Walt Disney Company appears at the Disney Entertainment Showcase at D23: The Ultimate Disney Fan Event in Anaheim, California on August 09, 2024. Jesse Grant | Getty Images Entertainment | Getty Images Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a Reuters source […]
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Robinhood’s $200 million Bitstamp deal takes it beyond retail trading
Robinhood has officially closed its $200 million acquisition of Bitstamp, bringing one of the world’s longest-running cryptocurrency exchanges into its fold and signaling a strategic shift beyond retail trading and into the world of institutions. The all-cash deal, first announced last year, gives Robinhood an immediate international footprint — including more than 50 active crypto […]
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