World
Meta signs nuclear power deal with Constellation Energy
Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy, continuing the wave of tech giants teaming up with the industry in order to meet the growing power needs of data centers. Beginning in June 2027, Meta will buy roughly 1.1 gigawatts of energy from Constellation’s Clinton Clean Energy Center in Illinois, […]
Read More
UK growth to be reined in by public finance squeeze, OECD warns
Considered the home of theatre in London this view is looking from Piccadilly Circus Doug Armand | Stone | Getty Images U.K. economic growth is expected to be stifled by an ongoing squeeze on the country’s public finances, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday. The U.K. is expected to grow […]
Read More
Euro zone inflation falls to cooler-than-expected 1.9% in May, below ECB target
Shoppers buy fresh vegetables, fruit, and herbs at an outdoor produce market under green-striped canopies in Regensburg, Upper Palatinate, Bavaria, Germany, on April 19, 2025. Michael Nguyen/NurPhoto via Getty Images Euro zone inflation fell below the European Central Bank’s 2% target in May, hitting a cooler-than-expected 1.9% on sharp declines in services, flash data from […]
Read More
U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook
Old Navy and Gap retail stores are seen as people walk through Times Square in New York City on April 9, 2025. Angela Weiss | Afp | Getty Images Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump’s tariff turmoil weighs […]
Read More
CNBC Daily Open: Elon Musk’s companies aren’t fully self-driving and await his steering
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters In his first week away from the U.S. government’s so-called Department of Government Efficiency, Elon Musk is seeing positive activity in his companies. His brain tech startup Neuralink announced a $650 million funding round, while […]
Read More
European markets are set to open higher ahead of flash inflation data
Here are the opening calls London was the No. 2 most-visited city in the world for 2023, according to Euromonitor International. Karl Hendon | Moment | Getty Images Good morning from London and welcome to CNBC’s live blog covering all the action in European financial markets, as well as business news, analysis, earnings and data. […]
Read More
How tourists alerted this fund manager to sell Moncler before its stock plunge
In February, while luxury brand Moncler was still basking in the glow of a stellar 20% share price surge from January, fund manager Giles Parkinson made a contrarian move: he sold out. His decision, driven by subtle signals in tourist spending data, ultimately proved to be the right one. By the end of March, Moncler’s […]
Read More
China’s May factory activity unexpectedly shrinks, clocking its worst drop since 2022: Caixin
JIMO, CHINA – MAY 21: Car bodies are assembled at a factory of FAW-Volkswagen Automotive Co., Ltd Qingdao Branch on May 21, 2025 in Jimo, Qingdao City, Shandong Province of China. Visual China Group | Getty Images China’s manufacturing activity in May shrank at its fastest pace since September 2022, a private survey showed Tuesday, […]
Read More
CNBC Daily Open: Elon Musk’s companies report positive developments amid his return to work
Elon Musk laughs during a press event with US President Donald Trump in the Oval Office of the White House in Washington, DC, on May 30, 2025. Allison Robbert | AFP | Getty Images In his first week away from the U.S. government’s so-called Department of Government Efficiency, Elon Musk is seeing positive activity in his […]
Read More
Stock futures slip after S&P 500 kicks off June with a modest gain: Live updates
Traders work on the floor of the New York Stock Exchange on June 2, 2025. NYSE Stock futures were slightly lower on Monday night after the major averages began June’s trading on a positive note. S&P 500 futures slipped 0.2%, and Dow Jones Industrial Average futures lost 83 points, or 0.2%. Futures linked to the […]
Read More