Year: 2025
China’s deflationary slide is worsening as companies spiral into price wars
Key Points There’s a pattern in China: companies rush into an industry, then resort to discounts to stay afloat. “On the surface you’re dominating, but deep inside you’re paying a high price to dominate,” an economist said. The escalation of tariffs has made Chinese manufacturers more determined to build factories overseas, “potentially generating redundant supply […]
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U.S. tariffs take center stage but China and the EU are quietly clashing
European Union and Chinese flags are displayed side by side in the meeting room where Chinese Foreign Minister Wang Yi met with European Council President Antonio Costa in Brussels, Belgium on July 2, 2025. Dursun Aydemir/Anadolu via Getty Images The U.S. tariff saga has stolen global spotlight from trade tensions between China and the European […]
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Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street
Key Points Goldman is testing an autonomous software engineer from artificial intelligence startup Cognition that is expected to soon join the ranks of the firm’s 12,000 human developers, Goldman tech chief Marco Argenti told CNBC. The program, named Devin, became known in technology circles last year with Cognition’s claim that it had created the world’s […]
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China’s ‘instant commerce’ price war sees $0.30 drinks and billions in subsidies doled out
A Meituan food delivery courier rides an electric scooter in Chongqing, China, on March 29, 2025. Cheng Xin | Getty Images News | Getty Images In China’s fiercely competitive market, the latest price war is playing out in the growing “instant commerce” sector, where companies are launching massive subsidies and other incentives to get consumers […]
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Norway’s Tesla obsession defies Europe’s Musk backlash
An electric car at a charging station in the Norwegian capital of Oslo on Sept. 25, 2024. Jonathan Nackstrand | Afp | Getty Images OSLO, Norway — Tesla continues to find solace in Norway, defying a sustained European slump amid a backlash over CEO Elon Musk’s incendiary political rhetoric. The U.S. electric vehicle maker recorded […]
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Grok 4 appears to seek Elon Musk’s views when answering controversial questions
The X logo on a phone. Nurphoto | Nurphoto | Getty Images When xAI’s Grok 4 chatbot was launched on Wednesday, users and media outlets quickly began pointing out examples of it consulting its owner Elon Musk’s views on controversial matters. CNBC was able to confirm that when asked to take a stance on some […]
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European stocks open lower with EU tariff letter expected from White House
BP flags lower gas, oil sales and impairment of up to $1.5 billion A electric pylon passed behind the BP logo displayed outside a petrol station that also offers electric vehicle recharging in Trowbridge in Somerset, England, on March 15, 2025. Anna Barclay | Getty Images News | Getty Images British oil major BP on […]
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CNBC Daily Open: The battleground for Fed chair might have shifted to renovations from rates
Construction work around the Federal Reserve building on Sept. 17, 2024 in Washington, DC, U.S. Anna Moneymaker | Getty Images News | Getty Images Homo economicus, or the “economic man,” is an idea that depicts humans as rational beings. This assumption has been used to construct models of the economy and, more broadly, society. The […]
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BTS is back, Blackpink’s on tour. Here’s what it means for high-flying K-pop stocks
K-pop boy group sensation BTS, having seen all its members return from South Korea’s mandatory military service, has announced a new album and world tour in spring 2026 — their first group performance in over three years. K-pop girl group Blackpink returned to the stage to entertain 78,000 fans last weekend, marking the start of […]
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The palace, the protests and the red carpet: How OPEC’s seminar played out
The Hofburg palace receives attendees to the July 9-10 OPEC Seminar conference in Vienna. Ruxandra Iordache | CNBC For centuries, Vienna’s romantic Hofburg palace served as a winter residence of the imperial Habsburg dynasty — this week, though, it welcomed Saudi royalty, energy ministers, top CEOs and a slew of analysts traders and more. Here are some highlights: The […]
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