Month: July 2025
The race to roll out solid-state batteries is picking up steam again
The race to revolutionize the science of electric vehicles (EVs) is heating up. Often touted as the ” holy grail ” of sustainable driving, solid-state batteries have long been stuck between theory and the promise of commercialization in the next five to 10 years. A recent flurry of announcements from major automakers and incumbent cell […]
Read More
China’s affluent are as pessimistic about the economy as they were during the Covid-19 pandemic
A study of affluent Chinese released this month by consulting firm Oliver Wyman found that 22% of respondents were negative about the economy when surveyed in May. It just exceeds the 21% seen in October 2022, just before Beijing announced plans to ease its stringent zero-Covid policy. Dukai Photographer | Moment | Getty Images BEIJING […]
Read More
Clout wars: Jensen Huang eclipses Elon Musk and Tim Cook in Washington
U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC. Andrew Harnik | Getty Images The China-U.S. trade war in the first Donald Trump administration saw Apple CEO Tim Cook go […]
Read More
How Europe’s ‘trade bazooka’ could be a last resort against Trump’s tariffs
President Donald Trump attends a bilateral meeting with European Commission President Ursula von der Leyen during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. Jonathan Ernst | Reuters The European Union appears to be preparing to deploy its “Anti-Coercion Instrument” — characterized as a “nuclear option” to try to […]
Read More
British Gas owner Centrica pops 4% after announcing £1.3 billion investment in UK nuclear project
Join CNBC for live updates on European markets. Source
Read More
AstraZeneca to invest $50 billion in the U.S. as pharma tariffs weigh
The office building of international biopharmaceutical company AstraZeneca. Cfoto | Future Publishing | Getty Images AstraZeneca on Monday said it plans to invest $50 billion in bolstering its U.S. manufacturing and research capabilities by 2030, becoming the latest pharmaceutical firm to ramp up its stateside spending in the wake of U.S. trade tariffs. The Anglo-Swedish […]
Read More
European stock exchanges mull 24-hour trading to attract retail investors amid U.S. boom
European stock exchanges are weighing up the feasibility and demand for 24-hour or out-of-hours trading as retail activity continues to significantly lag that in the U.S. Alex Dalley, head of European cash equities at Cboe Europe — the largest European stock exchange operator — told CNBC they were “closely monitoring” the growing appetite stateside for […]
Read More
Indonesia plans $8 billion refineries contract with U.S. firm amid tariffs deal, Reuters reports
PT Pertamina oil refinery plant at the port city of Balikpapan in East Kalimantan, Borneo, Indonesia. Bloomberg | Bloomberg | Getty Images Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by […]
Read More
General Motors is set to report earnings before the bell. Here’s what Wall Street expects
New GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC in Richmond, California, on July 2, 2024. Justin Sullivan | Getty Images General Motors is set to report second-quarter earnings before the bell Tuesday, as investors watch for how President Donald Trump’s auto tariffs will affect the automaker’s results and for any […]
Read More
CNBC Daily Open: Investors dismiss Trump administration’s beef with the Fed — S&P 500 hits new high
U.S. Treasury Secretary Scott Bessent sits to testify before a House Ways and Means Committee hearing on Capitol Hill in Washington, D.C., U.S., June 11, 2025. Elizabeth Frantz | Reuters With the job market currently being rough for many — in no small part because of artificial intelligence — it may be tempting to enroll […]
Read More