Month: August 2025
What the world’s biggest chipmakers are doing to stave off Trump’s tariffs
US President Donald Trump speaks during a meeting with CEO of Apple Tim Cook in the Oval Office of the White House on Wednesday August 6, 2025. Demetrius Freeman | The Washington Post | Getty Images U.S. President Donald Trump’s proposed 100% tariffs on the import of semiconductors has brought major chip names into the […]
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The full list of U.S. tariffs in place around the world
President Donald Trump in the Oval Office of the White House in Washington, Aug. 6, 2025. Bonnie Cash/UPI/Bloomberg via Getty Images After months of policy pivots, delays and negotiations from President Donald Trump, dozens of key U.S. trading partners were hit Thursday with “reciprocal” tariffs on their exports to the country. “IT’S MIDNIGHT!!! BILLIONS OF […]
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Watch CNBC’s full interview with Bank of England Governor Andrew Bailey
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Andrew Bailey, governor of the Bank of England, discusses the central bank’s narrow vote to cut interest rates, inflation and the uncertainty surrounding future decisions on monetary policy. 11:16 Thu, Aug 7 202511:00 AM EDT Source
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Peloton posts surprise profit, announces yet another round of layoffs impacting 6% of staff
Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty Images Peloton posted a surprise profit for its fiscal fourth quarter on Thursday and outlined its strategy to return to growth under new CEO Peter Stern. Shares gained 6% in early trading. The connected […]
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Russia and UAE double down on trade, testing U.S. limits
Russia’s President Vladimir Putin shakes hands with United Arab Emirates’ President Sheikh Mohammed bin Zayed al-Nahyan during a meeting in Saint Petersburg, Russia, October 11, 2022. Pavel Bednyakov | Sputnik | via Reuters DUBAI, United Arab Emirates — United Arab Emirates President Mohammed bin Zayed al Nahyan traveled to Russia on Thursday for his second […]
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Amazon’s cloud business giving federal agencies up to $1 billion in discounts
Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Amazon Web Services has agreed to provide U.S. federal agencies with up to $1 billion in discounts for cloud adoption, modernization and training through 2028, an agency […]
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Duolingo stock skyrockets 30% on boosted guidance as AI powers user growth
A Duolingo logo is seen on a smartphone. Pavlo Gonchar | LightRocket | Getty Images Duolingo shares skyrocketed more than 30% after the language learning platform boosted its guidance due to strong user growth driven by artificial intelligence. The mobile learning platform hiked its full-year guidance to between $1.01 billion and $1.02 billion, up from […]
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American adds Budapest, Prague and Buenos Aires flights for summer 2026
An American Airlines Boeing 787-9 Dreamliner lands at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images American Airlines is reviving some of its pre-pandemic destinations like Prague and Budapest, Hungary, as international travel continues to hold up better than domestic demand. Other additions include its first-ever Dallas […]
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Craveworthy Brands becomes managing partner of Gregorys Coffee
Gregorys Coffee was founded in 2006 and has more than 50 locations. Source: Gregorys Coffee Craveworthy Brands is now investor and managing partner of Gregorys Coffee, a New York City-based coffee chain with dreams of a nationwide footprint. The two companies announced the deal on Thursday. Financial terms were not disclosed. Craveworthy Brands, a fast-growing […]
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CNBC’s Inside India newsletter: India’s oil options in a post-Russia world
This report is from this week’s CNBC’s “Inside India” newsletter. Like what you see? You can subscribe here. The big story If refineries are the oil industry’s children, India’s got plenty of mouths to feed — and U.S. tariff threats over Russian crude are imperiling a distinctly affordable meal ticket. This week, U.S. President Donald Trump […]
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