Year: 2025
Schneider Electric shares pop 6% as record profit beats expectations; Europe stocks mixed
Renault reports record operating profit and revenue beat French automaker Renault on Thursday posted its highest-ever annual operating profit while revenues came in well above expectations, as the company said its “unprecedented” flurry of product launches had boosted performance. Group revenue increased 7.4% year on year to 56.2 billion euros ($58.6 billion), ahead of the […]
Read More
Russia spent years loathing the U.S. as its economy paid a high price for the war — now, it’s doing a U-turn
Russian President Vladimir Putin during a joint press conference with U.S. President Donald Trump in the Presidential Palace in Helsinki, Finland, on July 16, 2018. Jussi Nukari | Lehtikuva | Reuters Since invading Ukraine three years ago, Russia has spent a significant amount of energy demonizing the U.S. and denigrating its leadership, economy and culture […]
Read More
CNBC Daily Open: The Fed, concerned over Trump tariffs, might hold rates
Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office Building on Capitol Hill on February 11, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images Members of the U.S. Federal Reserve’s rate-setting committee unanimously agreed to hold rates steady in January because they were, […]
Read More
Who is Friedrich Merz, the favorite to become Germany’s new chancellor?
Friedrich Merz, Union candidate for chancellor and CDU federal chairman, joins the “Quadrell” TV round in the Bundestag election campaign. Michael Kappeler | Picture Alliance | Getty Images Friedrich Merz, migration hardliner and longtime rival of Angela Merkel, is expected to become Germany’s next chancellor. His party the Christian Democratic Union is leading polls alongside […]
Read More
Walmart will report earnings before the bell. Here’s what to expect
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania. Paul Weaver | Lightrocket | Getty Images Walmart will report its latest quarterly earnings before the bell on Thursday, as investors try to parse whether softer retail sales in January were a blip or a bigger warning sign. As Walmart is […]
Read More
Appeals court declines to reinstate Trump’s birthright citizenship order
U.S. President Donald Trump in the Oval Office at the White House on Feb. 14, 2025. Nathan Howard | Reuters A three-judge panel of the 9th U.S. Circuit Court of Appeals on Wednesday declined the Justice Department’s request to immediately reinstate President Donald Trump’s executive order limiting birthright citizenship, setting up a potential emergency application to […]
Read More
Trump expects visit from Chinese President Xi without giving timeline
Chinese President Xi Jinping and U.S. President Donald Trump. Dan Kitwoodnicholas Kamm | Afp | Getty Images U.S. President Donald Trump said on Wednesday he expected Chinese President Xi Jinping to visit the United States without giving a timeline for his trip. Trump made the remarks to reporters on Air Force One and said “it’s possible” for the U.S. and China to have a new trade deal. A conversation or interaction […]
Read More
CNBC Daily Open: The Fed might pause rates over Trump tariff concerns
Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office Building on Capitol Hill on February 11, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images Members of the U.S. Federal Reserve’s rate-setting committee unanimously agreed to hold rates steady in January because they were, […]
Read More
Almost 90% of Japanese companies see Trump as bad for business, Reuters reports
Almost nine out of 10 Japanese companies expect U.S. President Donald Trump’s policies to negatively affect business, a Reuters survey showed on Thursday. Eschcollection | Digitalvision | Getty Images Almost nine out of 10 Japanese companies expect U.S. President Donald Trump’s policies to negatively affect business, a Reuters survey showed on Thursday, the clearest sign […]
Read More
China keeps benchmark lending rates steady as PBOC prioritizes financial stability
The People’s Bank of China (PBoC) has set up a fintech committee. Zhang Peng | LightRocket | Getty Images China kept its key lending rates unchanged Thursday, as Beijing prioritizes financial stability over interest rate easing to bolster the economy. The People’s Bank of China held the 1-year loan prime rate unchanged at 3.1%, and […]
Read More