Year: 2025
Saudi Arabia reckons with its costly megaprojects as $500 billion ‘The Line’ is reviewed
Digital render of NEOM’s The Line project in Saudi Arabia The Line, NEOM DUBAI, United Arab Emirates — Saudi Arabia’s sovereign wealth fund is reassessing its flagship $500 billion futuristic city called The Line. The public investment fund has tapped consulting firms to conduct a strategic review into the feasibility of the 105-mile linear city, […]
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As streaming services chase profitability, kids’ content is king
Cartoon characters from the children’s show “Bluey” are displayed during the Brand Licensing Europe event at ExCel, in London, Oct. 4, 2023. John Keeble | Getty Images News | Getty Images In the battle among streaming services to capture and keep subscribers, kids’ shows like “CoComelon” and “Bluey” are becoming powerful tools to help win […]
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Stocks making the biggest moves premarket: Netflix, American Express, Chevron, Sarepta Therapeutics and more
Check out the companies making headlines before the bell: Netflix — Shares fell 2% after Netflix warned that operating margin in the second half of 2025 will be lower than the first half because of higher content amortization, as well as sales and marketing costs, because of a larger slate of content. Otherwise, the streaming […]
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How family offices can protect the bottom line when putting family members on payroll
Fluxfactory | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Joshua Gentine grew up playing hide-and-seek in his family’s cheese factory in Wisconsin. His late grandfather Leonard […]
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Burberry shares pop 8% as British heritage pivot lures back U.S. shoppers
People walk by the Burberry store on East 57th Street during Memorial Day weekend on May 25, 2025 in New York City. Craig T Fruchtman | Getty Images Entertainment | Getty Images American shoppers are buying into the allure of British heritage fashion, providing a glimmer of hope for beleaguered Burberry‘s turnaround even as U.S. […]
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EU lowers price cap for Russian crude under new sanctions package
Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images The European Union has reached an agreement on a new sanctions package against Russia, which includes a lower price cap for Moscow’s crude oil barrels. Within a year of Russia’s 2022 invasion of Ukraine, the G7 and EU restricted the price […]
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How the EU is preparing to reach a tariff deal in Trump’s game of chicken
U.S. President Donald Trump speaks to the media as he departs the White House on July 15, 2025 in Washington, DC. Anna Moneymaker | Getty Images The U.S. has doubled down on its plan to impose 30% tariffs on the European Union next month, seeking to ramp up pressure on the bloc to reach a […]
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The impact of tariffs is starting to show up in Europe’s company earnings
Earnings season has kicked off in Europe , and the impact of U.S. tariffs are beginning to show up in the hard numbers. That has now made analyst consensus — which just last week predicted a mild 0.2% dip in profits for companies on the Stoxx Europe 600 index — forecast a 0.7% year-over-year decline, according […]
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The UK gives 16-year-olds the right to vote. Brace for social media politics
The British government is set to give 1.5 million 16 and 17-year-olds the vote, unlocking a new voter base for competing political parties. Social media could be key to their success. The government on Thursday said that it plans to bring forward an elections bill which will grant 16 and 17-year-olds the right to vote […]
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Fighter jet maker Saab pops 12% on profit beat amid European defense splurge
A Swedish Air Force Saab JAS 39 Gripen jetfighter takes part in the NATO exercise as part of the NATO Air Policing mission, in Alliance members’ sovereign airspace on July 4, 2023. John Thys | Afp | Getty Images Shares of Swedish defense giant Saab jumped on Friday morning, after the company reported stronger-than-expected profit and sales […]
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