Month: August 2025
Keurig Dr Pepper to buy Dutch coffee company JDE Peet’s in $18 billion deal
Keurig Dr Pepper will acquire Dutch coffee and tea company JDE Peet’s in a roughly $18 billion deal that could give a boost to the U.S. giant’s struggling coffee business, the two companies said Monday. The deal was first reported by the Wall Street Journal. Keurig Dr Pepper will pay JDE Peet’s shareholders 31.85 euros […]
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‘KPop Demon Hunters’ gives Netflix its first box-office win
Netflix appears to have its first No. 1 box-office title in the streaming company’s 18-year history thanks to the sensation of “KPop Demon Hunters.” Rival studios on Sunday estimated “KPop Demon Hunters” led all films over the weekend with $16-18 million in ticket sales. Distribution executives from three studios shared their estimates for the Netflix […]
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Auto giants forced to confront some hard truths in the age of ‘polycrisis’
Western car giants are battling crises on multiple fronts, with declining profits , layoffs and widespread cost-cutting measures showing their strain. From rising production costs to U.S. tariffs , intense competition , supply chain disruptions and regulatory pressures , as well as a bumpy electric vehicle transition — top original equipment manufacturers (OEMs) are caught […]
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European stocks trade lower; JDE Peet’s shares jump 17%
The Euronext trading exchange building in La Defense business district, west of Paris, on April 7, 2025. Thomas Samson | Afp | Getty Images European markets were lower to start the new trading week Monday as investors assessed the economic outlook after hopes of a Federal Reserve interest rate cut were boosted Friday. The pan-European […]
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Orsted shares tumble 17% as U.S. government halts wind project construction
View of an offshore wind energy park during a press moment of Orsted, on Tuesday 06 August 2024, on the transportation of goods with Heavy Lift Cargo Drones to the offshore wind turbines in the Borssele 1 and 2 wind farm in Zeeland, Netherlands. Nicolas Maeterlinck | Afp | Getty Images Shares in wind farm […]
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Chinese households have amassed record savings. That’s now fueling a stock market boom
China’s stock market has been rallying to multiyear highs as trade tensions with the U.S. have eased for now. Fueling the bull run are ordinary Chinese households, flush with record savings and a fear of missing out. Mainland China’s benchmark CSI 300 is up nearly 22% since its April 7 low, following U.S. President Donald […]
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CNBC Daily Open: Expectations of Jerome’s rate cuts weren’t built in a day
A glimpse of a shadow of a suggestion that the Fed might start lowering interest rates again was enough to send U.S. stocks surging and Treasury yields falling. Source
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Singapore July inflation eases to cooler-than-expected 0.6% — lowest since Jan. 2021
The Merlion statue in the central business district of Singapore, on Tuesday, July 8, 2025. Bloomberg | Bloomberg | Getty Images Singapore’s inflation cooled to a lower-than-expected 0.6% in July, as the city-state braced for slower growth later this year. This was lower than the 0.7% expected by economists polled by Reuters, and was also […]
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From the ‘Big Stay’ to a ‘no-hire, no-fire’ freeze, labor markets are seeing sizable shifts
Casarsaguru | E+ | Getty Images Millions of workers left their jobs during the “Great Resignation” of the Covid-19 pandemic, but economic insecurity and uncertainty have once more turned the tides of the labor market toward the “Great Stay.” Economists coined the term to refer to fewer employees leaving jobs, and fewer employers hiring or […]
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Airline bookings haven’t moved with the times. That’s about to change
In June, my children and I flew from Singapore to Texas to visit family. Several weeks later, we met up with my husband in New York City. Then I flew, solo, back to Asia, later followed by my husband. Eventually the kids returned with a set of grandparents in tow. All in, our summer trip […]
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