Year: 2025
Australia cuts interest rates to more than 2-year lows, downgrades economic growth forecast
Australia’s central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. Pavlo Gonchar | Lightrocket | Getty Images Australia’s central bank cut its benchmark lending rates by 25 basis points on […]
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Spain treads a risky path by standing up to Trump on defense and China
The President of the Government, Pedro Sanchez, gives a press conference, after a meeting with King Felipe VI, at the Marivent Palace, on 29 July, 2025 in Palma de Mallorca, Balearic Islands, Spain. Europa Press News | Europa Press | Getty Images Spain’s somewhat unique approach to defense and foreign policy is fueling tensions with […]
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We will ‘be ready’: After government rebuke, Resorts World Sentosa CEO discusses future of integrated resort
Resorts World Sentosa will “be ready” when Singapore’s Gambling Regulatory Authority considers its casino license renewal in 2026, the company’s CEO Lee Shi Ruh told CNBC late last month. In November 2024, Singapore’s gambling agency announced it was renewing the integrated resort’s casino license for two years, instead of three, citing “unsatisfactory” tourism performance from […]
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Microsoft’s GitHub chief is leaving as competition ramps up in AI coding market
GitHub CEO Thomas Dohmke speaks at the VivaTech technology startup and innovation fair in Paris on June 12, 2025. Mustafa Yalcin | Anadolu | Getty Images Microsoft’s GitHub unit, which is facing a torrent of competition from AI-powered coding tools, is losing its leader, and the company isn’t immediately naming a successor. Thomas Dohmke, who […]
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Musk threatens ‘immediate’ legal action against Apple over alleged antitrust violations
Elon musk and the xAI logo. Vincent Feuray | Afp | Getty Images Elon Musk, the founder of xAI, on Monday threatened Apple with legal action over alleged antitrust violations related to rankings of his AI chatbot app, Grok. “Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI […]
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CNBC Daily Open: Investors seem conditioned to expect Trump reversals
US President Donald Trump speaks during a news conference to discuss crime in Washington, DC, in the Brady Press Briefing Room at the White House in Washington, DC, on August 11, 2025. Jim Watson | AFP | Getty Images The heaviest of U.S. President Donald Trump’s “reciprocal” tariffs — a full 145% on imports of […]
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Asia-Pacific markets set for mixed open ahead of RBA rate decision, key U.S. inflation data
U.S. futures mostly move up in early Asia hours Here are the opening calls for the day Good morning from Singapore. The U.S.-China trade truce extension overnight has allowed the world’s largest economies more room to negotiate a deal. Investors, meanwhile, await the Australian central bank’s rate decision. The Reserve Bank of Australia is expected […]
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Trump says he’s nominating E.J. Antoni as Bureau of Labor Statistics commissioner
Dr. E.J. Antoni, nominee for the Commissioner of the Bureau of Labor Statistics stands next to Donald Trump in the Oval Office. Courtesy: Donald J. Trump via Truth Social President Donald Trump said Monday that he will nominate the economist E. J. Antoni as commissioner of the Bureau of Labor Statistics. Antoni would replace Erika […]
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European defense giants could be about to get another big push higher, Bank of America says
European defense stocks could be set for another big tailwind, according to an analyst who says the sector is about to see a surge in demand from one particular pocket of the market. Speaking to CNBC’s “Squawk Box Europe” on Thursday, Ben Heelan, Bank of America’s head of EU industrials research, said his team expects […]
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Stock futures are little changed ahead of July inflation report: Live updates
Traders work on the floor of the New York Stock Exchange at the opening bell on April 9, 2025. Timothy A. Clary | Afp | Getty Images Stock futures were little changed on Monday, as investors prepare for a fresh inflation report. Futures tied to the Dow Jones Industrial Average fell 9 points, or 0.02%. […]
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