World
World’s largest olive oil producer warns U.S. consumers of a double whammy from Trump tariffs
Bottles from the Spanish cooking and extra virgin olive oil brand Carbonell are seen displayed for sale at a supermarket. Sopa Images | Lightrocket | Getty Images Spain’s Deoleo, the world’s largest olive oil producer, says U.S. President Donald Trump’s threat to impose 30% tariffs on imports from the European Union could translate into higher […]
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Trump to visit Federal Reserve, escalating campaign against Chair Powell
U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump. Elizabeth Frantz | Nathan Howard | Reuters U.S. President Donald Trump will visit the Federal Reserve on Thursday, the White House said, escalating his pressure campaign against Chairman Jerome Powell. This is the first time in nearly two decades that an American president has […]
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CNBC Daily Open: Investors loosen their purse strings for Alphabet’s increased spending
An Android character is displayed in front of a building on the Google headquarters campus on July 23, 2025 in Mountain View, California. Justin Sullivan | Getty Images Investors can have a reputation of being penny pinchers. For one, they tend to push up share prices on layoff announcements because of the associated cost savings. […]
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She quit her job as a Walgreens pharmacist to start a Vietnamese coffee company–today, it brings in over $500,000 a year
Lan Ho, founder and CEO of Fat Miilk. Courtesy of Lan Ho Lan Ho was working as a retail pharmacist at Walgreens earning about $120,000 a year, before she decided to quit her job to start a coffee company. Getting the pharmacist role was no easy feat. She had gone through a decade of higher education, […]
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Asia-Pacific markets set to open mostly higher as trade deal developments fuel sentiment
South Korea avoids technical recession as GDP expands 0.6% in second quarter South Korea avoided a technical recession as its economy expanded by 0.6% from the previous quarter, beating expectations, according to advance estimates. This was higher than the 0.5% expected by economists polled by Reuters, and a reversal from the 0.2% contraction seen in […]
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S&P 500 futures are little changed after Alphabet, Tesla post earnings: Live updates
Traders work on the floor of the New York Stock Exchange on July 23, 2025. NYSE S&P 500 futures were little changed on Wednesday night after the benchmark notched another record close, fueled by hopes for progress on trade deals. Futures tied to the index climbed 0.1%, while Nasdaq 100 futures were about 0.4% higher. […]
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South Korea avoids technical recession as GDP expands 0.6% in second quarter
View across the Hangang River in Seoul, South Korea. Universal History Archive | Universal Images Group | Getty Images South Korea avoided a technical recession as its economy expanded 0.6% from the previous quarter, according to advance estimates, beating expectations. This was higher than the 0.5% expected by economists polled by Reuters, and a reversal […]
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35-year-old American left the U.S. for China, spends $568/month: ‘I’m living large’
In 2019, just after her 30th birthday, Aleese Lightyear left a career in reality TV production behind to teach English as a second language in China. At the time, Lightyear was earning around $100,000 a year, working eight months out of the year. “I was living check to check, which sucked. My last few years […]
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The AI ‘neoclouds’ buzz is growing on Wall Street, but risks are bubbling
Investors are raving about “neoclouds” and what their emergence means for the artificial intelligence boom. However, some warning signs are starting to flash. Neoclouds are companies specializing in AI cloud computing. Unlike traditional hyperscalers such as Amazon and Microsoft, these bespoke companies are viewed as attractive alternatives as they install and manage AI hardware and software […]
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Europe’s most valuable firm SAP flags U.S. trade slowdown but says Japan deal gives ‘hope’
A person holds a smartphone displaying the logo of SAP, a German multinational software corporation known for its enterprise resource planning solutions. Cheng Xin | Getty Images News | Getty Images German software giant SAP said Wednesday that U.S. tariff tensions were slowing down its customers’ decision-making, but that the Japan trade agreement announced Tuesday […]
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