World
White House confirms ‘stacked’ tariff reprieve for auto industry
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs thousands of people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC The White House on Tuesday confirmed plans for the Trump administration to soften the impact of automotive tariffs, as the […]
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Adidas warns it will raise prices on all U.S. products due to tariffs
Customers shop in an Adidas store on April 4, 2025 in Miami, Florida. Joe Raedle | Getty Images Sportswear giant Adidas on Tuesday said that U.S. President Donald Trump’s tariffs would result in price hikes for all its U.S. products. The company said it did not yet know by how much it would boost prices, […]
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Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive
Mikael Sjoberg | Bloomberg | Getty Images Swedish-based automaker Volvo Cars on Tuesday announced cost-cutting plans of 18 billion Swedish krona ($1.87 billion) and withdrew financial guidance as its operating profit fell sharply in the first three months of the year. Volvo Cars, which is owned by China’s Geely Holding, reported first-quarter operating profit of […]
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Europe stocks open higher; Volvo Cars sheds 10%, Porsche falls 7% after earnings
AstraZeneca shares fall despite earnings growth AstraZeneca’s production plant in Snackviken, Sweden. Roland Magnusson | iStock Editorial | Getty Images British pharmaceutical giant AstraZeneca was 4% lower shortly after the opening bell, after the company posted its first-quarter earnings update. On Tuesday morning, AstraZeneca reported a 10% year-on-year rise in total revenue, which hit $13.59 […]
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Oil giant BP posts 49% drop in first-quarter profit on weaker crude prices
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices. The beleaguered oil and gas major posted […]
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CNBC Daily Open: U.S. consumers are starting to feel the pinch of Trump tariffs
A Dollar Store on April 1, 2024, in Lansing, Michigan, U.S. Spencer Platt | Getty Images News | Getty Images Tariffs unleashed — and temporarily, almost capriciously, paused — by U.S. President Donald Trump have given governments across the world a headache as they figure out how to minimize disruptions to their economies. But the […]
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Deutsche Bank posts 39% jump in first-quarter profit, above expectations
A sign for Deutsche Bank AG at a bank branch in the financial district of Frankfurt, Germany, on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty Images Germany’s largest lender Deutsche Bank on Tuesday posted higher-than-expected first-quarter profit on robust investment banking performance, as lenders in Europe’s largest economy navigate broader market turbulence instigated […]
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Trump said he could stop the Ukraine war in 24 hours. After 100 days, a deal still eludes him
U.S President Donald Trump speaks to members of press onboard Air Force One on a flight to Fiumicino Airport near Rome to attend the funeral of Pope Francis, April 25, 2025. Nathan Howard | Reuters Before his presidential election win last fall, Donald Trump famously boasted that he could end the war between Russia and […]
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HSBC announces share buyback of up to $3 billion as first-quarter results top expectations
Branch of HSBC bank on 15th January 2024 in London, United Kingdom. HSBC Bank plc is a British multinational banking and financial services organisation. HSBCs international network comprises around 7,500 offices in over 80 countries globally. (photo by Mike Kemp/In Pictures via Getty Images) Mike Kemp | In Pictures | Getty Images Europe’s largest lender […]
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Canadians keep Liberal Party and Mark Carney in power as country digs in on Trump’s trade war
Prime Minister of Canada and Liberal Party Leader Mark Carney delivers a speech to supporters during a rally on April 23, 2025 in Surrey, Canada. Rich Lam | Getty Images News | Getty Images Canadian voters backed Prime Minister Mark Carney’s Liberal Party on Monday, the Canadian Broadcasting Corp. projects, in a national election strongly influenced […]
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