Month: August 2025
More than 3,000 Boeing defense workers go on strike after rejecting contract
A worker performs quality checks on a Boeing Co. F/A-18 Super Hornet fighter aircraft at the Boeing Defense, Space & Security facility in St. Louis, Missouri, U.S., on Monday, July 24, 2018. Alex Flynn | Bloomberg | Getty Images Some 3,200 Boeing defense unit workers went on strike early Monday hours after turning down a […]
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Tesla approves share award worth $29 billion to CEO Elon Musk
Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders. In 2024, a Delaware court voided Musk’s 2018 compensation package, valued at over $50 […]
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Swiss tensions run high as clock ticks on U.S. tariff deadline
US President Donald Trump raises his fist upon arrival at the White House in Washington, DC, on August 3, 2025 after spending the weekend at his Bedminster residence. Mandel Ngan | Afp | Getty Images Tensions and fears are running high in Switzerland, as the deadline to strike a trade agreement with the U.S. looms […]
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Coinbase’s UK musical ad hits a nerve — sparking debate from crypto fans to founders
Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Coinbase set the business community alight after the American crypto firm dropped a musical advert which lambasted the U.K. as besieged by economic problems and an ongoing cost-of-living crisis. Online […]
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Trump’s penalty threat puts India in a bind over Russian oil
The Reliance Industries Ltd. oil refinery in Jamnagar, Gujarat, India, on Saturday, July 31, 2021. Bloomberg | Bloomberg | Getty Images India is navigating a tricky balancing act after U.S. President Donald Trump threatened a “penalty” over its continued imports of Russian oil — a trade that New Delhi appears reluctant to end anytime soon. […]
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Europe’s record-breaking heat waves are driving spikes in demand for air conditioning
Heat waves and longer summers are driving seasonal spikes in demand for cooling units, highlighting the need for efficient technologies and adequate power supply to keep Europe cool. This year is set to bring another record hot summer, with temperatures reaching as high as 39 degrees Celsius in Paris. The increase in heat, as well […]
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Nvidia’s set to regain some China access. But it still faces eroding AI chip market share
Photo illustration of Nvidia’s H20 chip. Vcg | Visual China Group | Getty Images Nvidia‘s H20 chips are likely to return to China, but tech experts don’t expect them to be met with the same fanfare in the market in light of new competition and regulatory scrutiny. The Trump administration last month gave Nvidia assurances […]
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India’s IT layoffs spark fears that AI is hurting jobs in a sector critical to its economy
Avishek Das | Sopa Images | Lightrocket | Getty Images India’s IT sector is facing job cuts, and analysts are wary about what the impact of artificial intelligence might mean for an industry critical to the country’s broader economy. The country’s largest private sector employer, Tata Consultancy Services, which employs over half a million IT […]
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CNBC Daily Open: That’s not how revisions to jobs numbers work
U.S. President Donald Trump boards Air Force One on August 1, 2025 at Joint Base Andrews, Maryland. Anna Moneymaker | Getty Images News | Getty Images After U.S. jobs figures for May and June were revised significantly downward by the Bureau of Labor Statistics — slashing a combined 258,000 from previous figures — President Donald […]
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European markets look set to start the week positively; oil prices in focus after OPEC+ output hike
What to keep an eye on today An electronic board displays exchange rate information at a currency exchange bureau in Istanbul, Turkey, on Aug. 29, 2022. Nicole Tung | Bloomberg | Getty Images The second-quarter earnings season is starting to ease, with no major corporate reports Monday. On the data front, traders will be keeping […]
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