Month: October 2025
Steel industry in UK warns of ‘biggest crisis’ ever as EU hikes tariffs
Steel worker at the blast furnace tap of the at the Salzgitter AG steelworks on March 02, 2020 in Salzgitter, Germany. Maja Hitij | Getty Images News | Getty Images The European Union’s decision to hike steel tariffs and sharply cut import quotas has provoked widespread concern in the U.K., as well as rumblings of […]
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CNBC Daily Open: Gold: Earthlings’ favorite element
In this photo illustration, gold coins are displayed at Witter Coins on Oct. 7, 2025 in San Francisco, California. Justin Sullivan | Getty Images J.P Morgan famously said in his 1912 congressional testimony that “Gold is money, everything is credit.” It seems unsurprising then that many investors seem to be fleeing from credit and are […]
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CNBC’s UK Exchange newsletter: The U.K.’s labor market conundrum – and where to look for clues
Commuters on London Bridge. Shaun Curry | Afp | Getty Images This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch Despite the de-equitisation of the last decade, the U.K. stock market still offers plenty of choice for would-be investors in certain sectors, among them staffing, […]
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New Zealand delivers outsized cut, bringing policy rate to over 3-year low in bid to boost growth
The Reserve Bank of New Zealand (RBNZ) building in Wellington, New Zealand, on Wednesday, Feb. 22, 2023. Mark Coote | Bloomberg | Getty Images New Zealand’s central bank on Wednesday cut benchmark interest rates by 50 basis points to 2.5%, bringing the policy rate to its lowest level since July 2022 as growth worries loom. […]
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CNBC Daily Open: Gold skeptics are from Mars, investors are from Earth
In this photo illustration, a one-ounce gold bar, a gold nugget, and gold coins are displayed at Witter Coins on Oct. 7, 2025 in San Francisco, California. Justin Sullivan | Getty Images J.P Morgan famously said in his 1912 congressional testimony that “Gold is money, everything is credit.” It seems unsurprising then that many investors […]
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The global M&A engine is roaring, fueled by megadeals and rate-cut bets
Mergers-and-acquisitions activity globally is roaring back to life, with several megadeals in the third quarter building on momentum from earlier this year. When Donald Trump returned to the White House, markets expected a deregulatory wave and tax-friendly environment to spark a dealmaking surge. However, recession fears, geopolitical flashpoints and tariffs concerns kept boardrooms a bit […]
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Asia markets trade mixed after World Bank raises regional growth forecast
In 2025, the median rent for a 1-bedroom in Hong Kong is $2,421. Nikada | E+ | Getty Images Asia-Pacific markets traded mixed Wednesday, breaking ranks from Wall Street losses, after the World Bank raised the region’s growth forecast Tuesday. That comes after a summer that saw U.S. tariff-led uncertainty rock the global economy. Japan’s benchmark […]
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Intel to reveal tech details on forthcoming PC chip, sources say: Reuters
Jakub Porzycki | Nurphoto | Getty Images Intel plans to release technical details about its forthcoming chip for laptops, known as Panther Lake, on Thursday, four sources briefed on the plans told Reuters. It is part of an effort to reassure investors about Intel’s first product made entirely using its next-generation manufacturing process called 18A, the sources […]
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Jensen Huang explains why Nvidia’s latest partnership with OpenAI is different
In an interview with CNBC’s Jim Cramer, Nvidia CEO Jensen Huang discussed his company’s new deal with OpenAI, saying it’s the first “direct partnership” with the ChatGPT maker. “This is a partnership that, for the first time, OpenAI is going to buy directly from us,” Huang said. “Usually…a cloud service provider buys from us, and […]
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U.S. air traffic control staffing hit for second day, delaying flights
A plane takes off from Hollywood Burbank Airport as operations resume a day after the airport operated for hours without a staffed control tower due to staffing shortages amid the U.S. government shutdown in Burbank, California, U.S., October 7, 2025. Daniel Cole | Reuters Air traffic control staffing issues are delaying flights for a second […]
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