Year: 2025
Apple appeals 500 million euro EU fine over App Store policies
Two young men stand inside a shopping mall in front of a large illuminated Apple logo seen through a window in Chongqing, China, on June 4, 2025. Cheng Xin | Getty Images Apple on Monday appealed what it called an “unprecedented” 500 million euro ($586 million) fine issued by the European Union for violating the […]
Read More
Family offices ramp up deal-making in June with bets on biotech
Key Points After a slow spring, investment firms of the ultra-rich made 60 direct investments in June, according to Fintrx. Family offices flocked to biotech and health-care firms such as Antheia, seeking to make an impact and returns at the same time. Antheia founder Christina Smolke told CNBC’s Inside Wealth family offices’ patient capital makes […]
Read More
How Netflix keeps luring big-name directors away from the traditional box office
Film directors Rian Johnson (L), Greta Gerwig (C), and Guillermo Del Toro (R) Getty Images Netflix isn’t interested in bringing movies to theaters. The company’s leaders have said they see theatrical movie releases as an “outdated” model. Yet for more than a decade, the streamer has lured in some of Hollywood’s biggest directors to make content […]
Read More
The euro is soaring — and Trump’s policies could push it even higher
The euro has seen significant gains against the dollar amid uncertainty around President Trump’s tariffs policies. Matt Cardy | Getty Images News | Getty Images The euro’s global importance will continue to strengthen this year while political forces fuel further gains against the U.S. dollar, according to central bankers and strategists. Speaking at an economic […]
Read More
Stocks making the biggest premarket moves: Tesla, Geo Group, Molina Healthcare, SolarEdge Technologies and more
Check out the companies making the biggest moves in premarket trading: Tesla — The E.V-maker tumbled 6% after CEO Elon Musk said he would form a new political party called “America Party.” Musk has been engaged in a feud with President Donald Trump, who called the new party “ridiculous.” Geo Group , CoreCivic — The […]
Read More
Trump’s tariffs deadline is closing in. Morgan Stanley lists three possible outcomes
Investors are hoping that — after months of uncertainty and market volatility — trade deals between the U.S. and several key trading partners will be announced this week. President Donald Trump said overnight that letters were due to be delivered from 12 p.m. ET Monday to countries, either confirming trade pacts or notifying them of […]
Read More
Tesla shares drop 7% in premarket trading after Elon Musk says he is launching a political party
White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC. Samuel Corum | Getty Images News | Getty Images Tesla shares fell in premarket trade on Monday after CEO Elon Musk […]
Read More
European markets open mixed amid fresh U.S. tariff threats
Shell lowers second-quarter gas output guidance, warns of weaker trading results Energy major Shell on Monday lowered its production guidance for its integrated gas division across the second quarter and warned of weaker results from its gas and chemicals trading units. In a trading update released ahead of its second-quarter financial results, the firm said […]
Read More
This Chinese jeweler is using traditional techniques to challenge Cartier — and it’s starting in Singapore
Key Points One of the latest stores to enter Singapore’s iconic Marina Bay Sands is Laopu Gold, a Chinese jewelry upstart intent on becoming a global luxury brand. NBA player Victor “Wemby” Wembanyama picked up a Laopu pendant necklace while visiting Beijing last month. In May, Cartier-parent Richemont warned investors about Laopu’s rise. Source
Read More