World
This is the ‘No. 1 reason’ to buy the early boarding upgrade, travel expert says
A record number of passengers flew in 2024. Izusek | E+ | Getty Images Southwest Airlines, once known for its first-come, first-served approach to boarding and seating, on Tuesday began selling its first tickets with assigned seats. That change — and with it, new boarding groups — goes into effect for flights in late January. […]
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UK’s highest court largely overturns ruling on auto finance payments
A picture shows the British coat of arms on the outside the Supreme Court in central London on August 1, 2025. Niklas Halle’n | Afp | Getty Images Britain’s highest court Friday largely overturned a lower court’s ruling that certain car finance agreements were unlawful, a decision likely to bring a sigh of relief among lenders […]
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Figma jumped 250%. Will it hold? Here’s how other blockbuster debuts have performed
Figma ‘s 250% spectacular debut on the New York Stock Exchange has some quarters of the market doubting whether the company can maintain its price level. CNBC’s analysis of first-day trading performance for stocks over the past three decades shows that such blockbuster IPOs have just better than even odds of typically holding on to […]
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Switzerland’s tariff shock: The 39% U.S. hit no one saw coming
The duty would be a “devastating” blow to the export-reliant Swiss economy and businesses, analysts say. Source
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U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower
An attendee holds an “Entry Level Jobs” flyer at a City Career Fair hiring event in Sacramento, California, on Feb. 27, 2025. David Paul Morris | Bloomberg | Getty Images Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market. Job […]
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The global crypto wave is catching on in Asia as businesses warm up to stablecoins
Businesses across Asia are increasingly warming up to stablecoins for cross-border transactions — a trend set to accelerate further as Hong Kong moves to legalize the use of digital tokens, experts told CNBC. From online travel agencies and luxury goods resellers to high-end hotels, companies are embracing stablecoin for payments, citing both speed and cost-efficiency […]
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Trump’s drug price ultimatum sets pharma firms scrambling
Key Points A fresh ultimatum demanding “binding commitments” to lower U.S. drug prices sent pharma firms scrambling Friday. President Trump sent letters to 17 major firms outlining the steps they must take to cut costs. Healthcare stocks tumbled Friday, following broader market losses as investors digested Trump’s amended tariffs. Pharmaceutical firms are scrambling to respond […]
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Chevron profit hit by low crude oil prices and loss from Hess acquisition
Chevron on Friday reported second-quarter earnings that took a substantial hit due to low oil prices and a loss on its acquisition of Hess Corporation. The oil major’s net income declined about 44% to $2.49 billion, or $1.45 per share, from $4.43 billion, or $2.43 per share, in the same period last year. Chevron booked […]
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Euro zone inflation holds steady at higher-than-expected 2% in July
A customer stands in front of a fruit and vegetable stall at an open-air market in Paris on July 15, 2025. Behrouz Mehri | Afp | Getty Images Euro zone inflation was unchanged at a higher-than-expected 2% in July, flash data from statistics agency Eurostat showed Friday. Economists polled by Reuters had expected the figure […]
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European stocks set to open lower amid Trump’s tariff rejig
Euronext tops expectations Euronext has topped quarterly earnings expectations, boosted by ongoing market volatility. Revenue hit a fresh record and net profit rose by almost 30%. The earnings report comes as the exchange operator launches a bid to buy the Athens Stock Exchange, with its offer valuing the Greek bourse at more than 400 million […]
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