Year: 2025
Another UK interest rate cut this year looks increasingly unlikely
A Union flag flutters from a pole atop the Bank of England, in the City of London on August 7, 2025. Niklas Halle’n | Afp | Getty Images Traders see a growing likelihood the Bank of England will keep interest rates on hold for the rest of the year, after inflation came in at a […]
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Microplastics are everywhere. Here’s why that matters to big oil
Microplastics are increasingly being found in our bodies and food supply. They are defined as pieces of plastic smaller than 5 millimeters — about the size of a pencil eraser. But they can also be much smaller, like the size of a virus particle or a strand of DNA. Petrochemicals, the building blocks of plastic, […]
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Target names longtime insider Michael Fiddelke its next CEO as retailer tries to break sales and stock slump
Target’s Chief Operating Officer Michael Fiddelke will take over as CEO from Brian Cornell. Courtesy of Target Target on Wednesday said that company veteran Michael Fiddelke will become its next CEO at a critical point in its effort to break out of a sales slump and win back Wall Street’s favor. Fiddelke, the company’s 49-year-old […]
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Hertz to sell used vehicles online through Amazon Autos partnership
Hertz sells hundreds of thousands of vehicles per year, in addition to running its signature car rental business. Courtesy of Hertz Hertz on Wednesday announced it will start selling pre-owned vehicles on Amazon Autos, a move meant to bolster the car rental company’s retail operations as it looks to bring in more profits. Shares of […]
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Lowe’s beats on quarterly earnings, buys home pros business for $8.8 billion
An exterior view of a Lowe’s home improvement store in Selinsgrove. Paul Weaver | Lightrocket | Getty Images Lowe’s beat Wall Street’s earning expectations on Wednesday as demand for home projects picked up during the quarter. The retailer also announced its latest effort to attract more business from home professionals. It said on Wednesday that […]
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Alaska Airlines launches $395 credit card in premium travel race, combines loyalty program with Hawaiian
An Alaska Airlines Boeing 737 MAX 9 departs Los Angeles International Airport en route to Puerto Vallarta on Sept. 19, 2024. Kevin Carter | Getty Images Alaska Airlines is getting into the industry’s race for high-end credit cards and creating a combined frequent flyer program, called Atmos, with Hawaiian Airlines, which it acquired last year. […]
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Epic touts new AI tools for patients and doctors at company’s annual meeting
Visitors attend UGM 2025. Courtesy of Epic Space travelers, robots and, of course, artificial intelligence. They were all on display on Tuesday at Epic Systems’ annual Users Group Meeting, held at the health software giant’s 1,670-acre campus in Verona, Wisconsin. Judy Faulkner, Epic’s 82-year-old CEO, dressed for the occasion in a purple wig with neon […]
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Shein’s China pivot is a last-ditch bid to rescue its IPO, analysts say
Key Points Analysts suggest Shein’s reported shift of its headquarters back to China could mark a final effort by the retailer to keep its embattled IPO on track. “After years of trying to position itself as a global brand rather than a Chinese fashion company, it’s back to square one,” Perris Lee told CNBC. The […]
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Trump slams ‘anti-American’ pushback after fresh delay to Arizona copper mine
Coils, coiled copper wires, lie on pallets in the wire plant (coiler) at Aurubis AG. Picture Alliance | Picture Alliance | Getty Images U.S. President Donald Trump has slammed an appeals court decision to temporarily block a land transfer needed by mining giants Rio Tinto and BHP to develop what is slated to become one […]
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CNBC’s The China Connection newsletter: New bets, old worries
An aerial view shows people cooling off on a beach in Qingdao, in eastern China’s Shandong province on August 18, 2025. -Str | Afp | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore […]
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