Month: July 2025
CNBC’s The China Connection newsletter: From Didi to DeepSeek
The Hong Kong Stock Exchange said that for the first time, six gongs filled its main hall on July 9, 2025, as 5 companies and an ETF marked their listings. Bloomberg | Bloomberg | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s […]
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UK inflation hits hotter-than-expected 3.6% in June
A one pound price label in bowls of produce on a grocery stall at East Street Market in London, UK, in spring 2024. Bloomberg | Bloomberg | Getty Images The U.K.’s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists polled […]
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Chip giant ASML says it can’t confirm that it will grow in 2026
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images ASML reported second-quarter earnings that beat estimates with the its key net bookings figure ahead of consensus. However, the chip equipment giant missed analyst expectations for revenue guidance in the current quarter […]
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CNBC’s UK Exchange newsletter: Britain was once known as a ‘nation of shopkeepers.’ Now, not so much
This report is from this week’s CNBC’s UK Exchange newsletter by Ian King. Like what you see? You can subscribe here. The dispatch England, Napoleon Bonaparte reputedly once said, is a nation of shopkeepers. These days, he might observe that it is more a nation of administrators, insolvency practitioners and restructuring advisors. Barely a day passes […]
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Chinese toymaker Pop Mart shares slide despite strong earnings forecast
The global flagship store of Pop Mart, a Chinese toymaker and seller, at Nanjing Road Pedestrian Street on Aug. 16, 2022, in Shanghai, China. Vcg | Visual China Group | Getty Images Shares in Pop Mart International tumbled over 6% on Wednesday after the toymaker issued a bullish first-half earnings forecast. The Beijing-headquartered company is […]
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Jensen Huang lauds China’s AI models as Nvidia gears up to resume chip exports
Key Points Nvidia CEO Jensen Huang praised China’s AI models a day after the U.S. chipmaker said it expected to resume sales of a key product to China. “More than 1.5 million developers in China build on Nvidia today to bring their innovations to life,” he said. He was speaking Wednesday at the opening ceremony […]
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Goldman Sachs is set to report second-quarter earnings — here’s what the Street expects
Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. Brendan Mcdermid | Reuters Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $9.53 per share, according to LSEG Revenue: $13.47 […]
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CNBC Daily Open: U.S. inflation meets expectations, but that’s not necessarily good
People shop for groceries at a store in New York City, U.S., July 15, 2025. Jeenah Moon | Reuters Expectations are a funny thing. When we say that something meets expectations, we tend to mean it in a positive way, suggesting that a hurdle has been cleared or the result is welcome. But what happens […]
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U.S. military to remove 2,000 National Guard troops from Los Angeles
Demonstrators holding signs and flags face California National Guard members standing guard outside the Federal Building as they protest in response to federal immigration operations in Los Angeles, on June 9, 2025. David Mcnew | Getty Images U.S. Defense Secretary Pete Hegseth has ordered the removal of half of the 4,000 National Guard troops who had been […]
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Trump says tariff letters for smaller countries coming soon; rates likely over 10%
U.S. President Donald Trump speaks during the Pennsylvania Energy and Innovation Summit, at Carnegie Mellon University in Pittsburgh, Pennsylvania, U.S., July 15, 2025. Nathan Howard | Reuters U.S. President Donald Trump on Tuesday said letters notifying smaller countries of their U.S. tariff rates would go out soon, adding that his administration would likely set a tariff of […]
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