Month: August 2025
China says it ‘drove away’ U.S. destroyer near the disputed Scarborough Shoal
The 46th fleet of the Chinese People’s Liberation Army Navy sets sail from a military port in Zhanjiang, south China’s Guangdong Province, Feb. 21, 2024. Xinhua News Agency | Xinhua News Agency | Getty Images China said Wednesday it warned and “drove away” a U.S. destroyer that had sailed near the coast of the disputed […]
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CNBC Daily Open: Will the other shoe drop when it comes to U.S. inflation?
An Aldi grocery store on May 2, 2025, in Washington, DC, U.S. Kevin Dietsch | Getty Images News | Getty Images Waiting for tariff-induced price increases in the U.S. to show up can feel like watching an M. Night Shyamalan movie. July’s consumer price index came in mostly benign. The headline annual rate of 2.7% […]
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South Korea’s former first lady imprisoned after court issues warrant
South Korea’s former first lady Kim Keon Hee arrives at the special prosecutor’s office in Seoul, South Korea, August 6, 2025. Kim Hong-Ji | Reuters South Korea’s former first lady Kim Keon Hee has been arrested after a court late Tuesday issued a warrant to arrest her following accusations of graft that she denies, a special […]
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Asia markets set to open higher, tracking Wall Street gains amid Fed cut hopes
Here are the opening calls for the day Happy mid-week from Singapore. Asia markets are set for a mostly higher open. Japan’s Nikkei 225 was set to open higher, with the futures contract in Chicago at 43,325, while its counterpart in Osaka last traded at 43,280, against the index’s last close of 42,718.17. Futures for […]
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Stock futures are little changed after market returns to record highs: Live updates
Traders work at the New York Stock Exchange on August 12, 2025. NYSE Stock futures are little changed Tuesday night as investors look ahead to inflation data due later this week. Futures tied to the Dow Jones Industrial Average dropped 13 points, or less than 0.1%. S&P futures fell 0.04%, while Nasdaq 100 futures were […]
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White House eyes Smithsonian museums for Trump’s ‘American exceptionalism’ compliance
The exterior of the Smithsonian’s National Museum of American History, after the museum removed explicit reference to U.S. President Donald Trump from an exhibit about impeachment according to a spokesperson, in Washington, D.C., U.S., August 1, 2025. Annabelle Gordon | Reuters The White House told the Smithsonian Institution it will conduct a comprehensive review of […]
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Circle shares fall after stablecoin issuer says it will offer 10 million shares
Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. NYSE Circle Internet Group stock tumbled more than 5% in extended trading Tuesday after it said it would offer 10 million Class A shares to the public. Of the total stock being offered, 2 million […]
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CoreWeave shares drop even as revenue tops estimates
Mike Intrator, co-founder and CEO of CoreWeave, speaks at the Nasdaq headquarters in New York on March 28, 2025. Michael M. Santiago | Getty Images News | Getty Images CoreWeave shares fell about 6% in extended trading on Tuesday even as the provider of artificial intelligence infrastructure beat estimates for second-quarter revenue Here’s how the […]
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Mediterranean chain Cava lowers forecast after disappointing same-store sales growth
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Cava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter. For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6% […]
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Trump pick for BLS commissioner recently called for suspending monthly jobs report
E. J. Antoni, Ph.D., Former Economist, Texas Public Policy Foundation Courtesy: Texas Public Policy Foundation Heritage Foundation economist E. J. Antoni, who President Donald Trump picked Monday to lead the Bureau of Labor Statistics, recently floated the idea of the BLS suspending its traditional monthly jobs reports. Antoni, in an interview last week with Fox […]
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