Month: August 2025
Imposter scams cost older adults $700 million in 2024, FTC finds: Some victims are ‘clearing out’ their 401(k)s
Key Points Americans age 60 and older are reporting being victims of imposter scams in increasing numbers, according to the Federal Trade Commission. They sometimes lose all the savings held in a bank account or 401(k), the agency said. There are ways to avoid getting scammed. Source
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London housing market sees sharp drop in asking prices
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk Box Europe This August, CNBC’s Ritika Gupta is reporting on London’s economy, and has recently taken a look at the capital’s housing market. 02:53 an hour ago Source
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South Korea launches national AI model in tech race with U.S. and China
Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms improve efficiency in their networks. Manaure Quintero | Afp | Getty Images South Korea has tasked some of its biggest companies and promising startups to build a national foundational AI model using mainly domestic technology, in a […]
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Global stock markets appear numb to Trump’s ‘reciprocal’ tariffs. Here’s why
Global markets have largely been indifferent to U.S. President Donald Trump’s latest tariffs, a sharp departure from the steep selloff triggered by his April 2 announcement of “reciprocal” duties, as investors grow increasingly numb to what they see as a negotiating tactic. In recent days, the U.S. rolled out new tariffs of 10% to 15% […]
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European stocks open higher as tariffs, economy hold spotlight
European stocks open higher; Munich Re down 7% We’re around 30 minutes into Friday’s trading session, and stocks are broadly marginally higher. The pan-European Stoxx 600 was last seen trading around 0.1% higher. London’s FTSE 100 and the French CAC 40 are up 0.1% and 0.3%, respectively, while Germany’s DAX is down by 0.2%. Shares […]
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Investing in Space: Space IPOs are rearing their heads again
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. Stock market information at the Nasdaq MarketSite in New York, US, on Wednesday, July 9, 2025. Bloomberg | Bloomberg | Getty Images Overview: Space IPOs are rearing their heads again […]
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CNBC Daily Open: Of markets, tariffs and TACO
Stock market information at the Nasdaq MarketSite in New York, US, on Wednesday, July 9, 2025. Bloomberg | Bloomberg | Getty Images Markets have still got that loving feeling despite U.S. tariffs coming into effect. On Thursday, President Donald Trump’s “reciprocal” tariffs hit dozens of countries, with those not named in the list subject to […]
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CNBC Daily Open: Tariffs have come — but ‘TACO trade’ seems to be still on
Traders work on the floor of the New York Stock Exchange during morning trading on August 05, 2025 in New York City. Michael M. Santiago | Getty Images News | Getty Images Markets have still got that loving feeling despite U.S. tariffs coming into effect. On Thursday, President Donald Trump’s “reciprocal” tariffs hit dozens of […]
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Singapore at 60: The successful city-state has big tests ahead — here’s what’s next
When Singapore gained independence in 1965 after its separation from Malaysia, few expected the small city-state — which turns 60 on Saturday — to survive. But in the decades since, the country of just 735 square kilometers — smaller than New York City — has transformed itself into one that regularly tops rankings for education […]
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Why insurers worry the world could soon become uninsurable
A firefighting helicopter flies near as a home burns from the Mountain Fire on November 6, 2024 in Camarillo, California. David Mcnew | Getty Images News | Getty Images Top insurers fear the climate crisis could soon outpace industry solutions, effectively threatening to make entire regions around the world uninsurable. Günther Thallinger, a board member […]
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