Month: August 2025
Nintendo doubles quarterly revenue as Switch 2 sales hit 5.8 million units
Nintendo Co. Switch 2 game consoles at a Bic Camera Inc. electronics store in Tokyo, Japan, on Thursday, June 5, 2025. Nintendo Co. fans from Tokyo to Manhattan stood in line for hours to be among the first to get a Switch 2, fueling one of the biggest global gadget debuts since the iPhone launches […]
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Trump rekindles global trade tensions with sweeping new tariffs
Mexico welcomes trade talks extension Mexico welcomed news it was granted a 90-day reprieve on a U.S. boost to tariffs to 30% on many goods, to allow for further negotiations. “We avoided the increase of tariffs announced for tomorrow and we prevailed with 90 days to build a large-scale agreement based on dialogue,” Mexican President […]
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European stocks set to open lower amid Trump’s tariff rejig
Euronext tops expectations Euronext has topped quarterly earnings expectations, boosted by ongoing market volatility. Revenue hit a fresh record and net profit rose by almost 30%. The earnings report comes as the exchange operator launches a bid to buy the Athens Stock Exchange, with its offer valuing the Greek bourse at more than 400 million […]
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Investing in Space: You’re in or you’re out
CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions. Portrait of astronaut in space suit and helmet. Nisian Hughes | Stone | Getty Images Overview: You’re in or you’re out There’s an air of ‘been there, done that’ about […]
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Top UK court to rule on car finance mega-scandal — with billions at stake
Key Points Britain’s top court is poised to deliver a highly anticipated judgment on the country’s multi-billion-pound car finance debacle. The crisis has drawn comparisons to Britain’s Payment Protection Insurance scandal, which was estimated to have cost lenders more than £50 billion ($66.1 billion). Notably, analysts at RBC Capital Markets slashed their estimates for how much […]
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Asian travelers to Japan drop, hurt by a manga’s catastrophic prediction
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Lin Lin and Monica Pitrelli take a closer look at a Japanese manga’s peculiar prophecy and its impact on Asian visitors to the country in the past few months. Source
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Indian state refiners pause Russian oil purchases, Reuters reports
FILE PHOTO: Crude oil tanker Nevskiy Prospect, owned by Russia’s leading tanker group Sovcomflot, transits the Bosphorus in Istanbul, Turkey September 6, 2020. Yoruk Isik | Reuters Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and U.S. President Donald Trump warned countries not to purchase oil from Moscow, industry sources said. India, the world’s third-largest oil importer, is the biggest buyer […]
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TikTok took the world by storm. Now, Chinese companies are taking videos further with AI
Key Points “Competition in AI video generation models is at an earlier stage, and some Chinese companies have emerged as early leaders in this space,” said Wei Xiong, China internet analyst at UBS Securities. “Whether it’s user scale or commercial revenue, overseas accounts for the majority,” Zeng Yushen, head of operations at Kling AI, a […]
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Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods
U.S. President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, D.C., U.S., July 31, 2025. Kent Nishimura | Reuters U.S. President Donald Trump signed an executive order Thursday that modified “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%. […]
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How Asian countries are reacting to Trump’s latest tariffs announcement as deadline looms
President Donald Trump speaks alongside Secretary of Commerce Wilbur Ross. Saul Loeb | AFP | Getty Images U.S. President Donald Trump on Thursday stateside rejigged the so-called “reciprocal” tariff rates for several countries, ahead of the Friday deadline announced earlier. The White House also announced a 40% tariff rate for all goods transshipped to avoid […]
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