Year: 2025
UBS loses crown as continental Europe’s most valuable bank to Santander amid U.S. tariffs
Key Points UBS had a market cap of 79.5 Swiss francs ($97.23 billion) as of the Wednesday close, according to FactSet data, with Banco Santander at 91.3 billion euros ($103.78 billion). Santander and UBS’ shares have diverged over recent months, with the Swiss lender shedding 17.2% in the year to date, while Santander has gained […]
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Treasury yields rise as Fed chief warns of impact of U.S. tariffs
U.S. Treasury yields rose on Thursday as investors weighed the state of the U.S. economy after Federal Reserve Chairman Jerome Powell raised concerns about the inflationary and economic growth risks of the White House’s tariffs. At 3:55 a.m. ET, the benchmark 10-year Treasury yield rose around 4 basis point to 4.319%. The 2-year Treasury yield was up over […]
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Europe markets open lower ahead of ECB decision; Siemens Energy jumps 12% on upgraded forecast
Hermès sales rise but narrowly miss analyst expectations A Hermes Birkin bag in a window display at a KaDeWe department store in Berlin, Germany, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg | Getty Images Luxury group Hermès reported higher revenue as U.S. sales grew strongly in the first quarter, though slightly missed analyst expectations. […]
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Oil giant BP braces for shareholder showdown over green strategy U-turn
The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England. Anna Barclay | Getty Images News | Getty Images Oil giant BP is bracing itself for a shareholder backlash at its annual general meeting (AGM) on Thursday, with a chorus of disgruntled investors […]
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CNBC Daily Open: A trade war can be fought without tariffs
A China Shipping cargo container sits stacked at the Port of Long Beach in Long Beach, California on April 10, 2025. Patrick T. Fallon | Afp | Getty Images Trade barriers can come in many forms. Tariffs are just one. Onerous licensing requirements, export restrictions and fines on shipping are other obstacles. Nvidia said Tuesday […]
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TSMC first-quarter profit tops estimates, rising 60%, but Trump trade policy threatens growth
Taiwan Semiconductor Manufacturing Company (TSMC) headquarters in Hsinchu, Taiwan, on April 16, 2025. Anadolu | Anadolu | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday beat profit expectations for the first quarter, thanks to a continued surge in demand for AI chips. Here are TSMC’s first-quarter results versus LSEG consensus estimates: Revenue: $839.25 billion New […]
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Stock futures rise after major averages tumble in tech sector sell-off: Live updates
A trader works, as a screen broadcasts a live interview with U.S. Federal Reserve Chair Jerome Powell, on the floor at the New York Stock Exchange in New York City, U.S., April 16, 2025. Brendan McDermid | Reuters Stock futures rose early Thursday after a steep sell-off in the prior session. Futures tied to the […]
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China targets U.S. services and other areas after decrying ‘meaningless’ tariff hikes on goods
Dilara Irem Sancar | Anadolu | Getty Images China last week announced it was done retaliating against U.S. President Donald Trump’s tariffs, saying any further increases by the U.S. would be a “joke,” and Beijing would “ignore” them. Instead of continuing to focus on tariffing goods, however, China has chosen to resort to other measures, […]
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South Korea holds rates as it grapples with U.S. tariffs, prepares for snap election
The Bank of Korea (BOK) in Seoul on Dec. 28, 2024. Kim Jae-Hwan | Lightrocket | Getty Images South Korea’s central bank held its policy rate at 2.75% Thursday, as the country grapples with U.S. tariffs and prepares for a snap presidential election. This was in line with a Reuters poll of economists that forecast […]
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Asia markets rise after Wall Street slides overnight
Anek S | 500px Plus | Getty Images Asia-Pacific markets rose Thursday, breaking ranks with Wall Street which declined sharply after U.S. Federal Reserve Chair Jerome Powell cautioned that the ongoing trade tensions could challenge the central bank’s goals of controlling inflation and spurring growth. Japan’s benchmark Nikkei 225 was up 0.48% in early trade, […]
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