World
Citigroup beats second-quarter estimates as markets and banking revenues jump
Jane Fraser, CEO, Citigroup, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Citigroup reported second-quarter results on Tuesday that topped analyst expectations, helping to boost a stock that has already been outperforming the broader […]
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Bitcoin is nearly double where it was a year ago. This is what’s behind the run
Bitcoin traded around $116,000 on Tuesday, falling back from a historic surge that briefly sent the world’s largest cryptocurrency past $123,000 for the first time. Even with the pullback, the cryptocurrency is still trading at nearly twice its level from a year ago. Unlike previous cycles, the record run isn’t being driven by retail mania […]
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Fund managers are going all-in on Europe’s banking stocks, Bank of America finds
Fund managers are becoming increasingly bullish on European equities, according to the latest iteration of Bank of America’s European Fund Manager Survey. European stocks have broadly enjoyed a significant rally this year, amid a diversification away from U.S. assets , the promise of massive fiscal stimulus in Germany , and a bull run in the […]
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Inflation picks up again in June, rising at 2.7% annual rate
Consumer prices rose in June as President Donald Trump’s tariffs began to slowly work their way through the U.S. economy. The consumer price index, a broad-based measure of goods and services costs, increased 0.3% on the month, putting the 12-month inflation rate at 2.7%, the Bureau of Labor Statistics reported Tuesday. The numbers were right […]
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‘Pressure is a privilege’: Jannik Sinner on going from champion skier to Wimbledon winner
Jannik Sinner lifts the Gentlemen’s Singles Trophy following his victory against Carlos Alcaraz of Spain at The Championships Wimbledon 2025, July 13, 2025 in London, England. Clive Brunskill | Getty Images Sport | Getty Images Jannik Sinner won his first Wimbledon title on Sunday after an epic match at the grass-court major, but the young […]
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Ericsson CEO says AI regulation and investment in Europe are ‘concerning’
U.S. stocks open higher after Nvidia gains, CPI comes in as expected The S&P 500 gained 0.5% in early deals, while the tech-heavy Nasdaq Composite jumped 0.8%. Stocks were boosted by gains in chip giant Nvidia, which said it hopes to resume deliveries of its H20 GPU sales to China. Traders were also poring through the latest U.S. inflation data. […]
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S&P 500 futures rise as investors await bank earnings, inflation reading: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 10, 2025. Jeenah Moon | Reuters U.S. stock futures were pointing to a mixed open early Tuesday following a winning session for the major averages, as investors await big bank earnings and a key inflation reading. Dow […]
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The world’s ‘football’ is America’s ‘soccer’: Trump signaled that could change
U.S. President Donald Trump and FIFA President Gianni Infantino carry the FIFA Club World Cup trophy on stage before presenting it to Chelsea FC at MetLife Stadium on July 13, 2025 in East Rutherford, New Jersey. This is the first time the U.S. has hosted the the FIFA CWC competition, one year before the U.S., […]
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CNBC Daily Open: It’s refreshing to see tariffs used as a weapon for peace
U.S. President Donald Trump meets with NATO Secretary General Mark Rutte on the day of announcing a deal to get weapons to NATO, in the Oval Office at the White House on July 14, 2025. Nathan Howard | Reuters Here’s a tariff we can get behind. At a White House meeting on Monday with NATO’s […]
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The UK’s budget gap is widening and markets want to know Reeves’ fix
Britain’s Chancellor of the Exchequer Rachel Reeves (C) reacts during a visit to the Sir Ludwig Guttmann Health and Wellbeing Centre in east London on July 3, 2025, where they launched the Government’s new Health Plan. Jack Hill | Afp | Getty Images “I said on day one that economic growth was now our national […]
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