World
Temperature records smashed as extreme heat, wildfires grip parts of Europe
A firefighter falls on the ground while working to extinguish a wildfire in San Cibrao das Viñas, outside Ourense, northwestern Spain, on August 12, 2025. Miguel Riopa | Afp | Getty Images Record-breaking heat has swept across Europe in recent days, pushing temperatures well beyond 40 degrees Celsius (104 Fahrenheit) in some areas and fueling […]
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CNBC’s The China Connection newsletter: Wonders and woes of China’s robotics industry
Hello, I’m Anniek Bao, a China economy and business reporter, filling in for Evelyn this week. Welcome to another edition of The China Connection. This week, I look at how the World Robot Conference put China’s ambitions for humanoid robots on full display, even as engineers and investors acknowledge that integrating them into everyday life […]
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European stocks poised to extend gains after Wall Street’s record highs
Opening calls The U.K.’s Met Office forecasts another public health warning for temperatures reaching 34 degrees Celsius in London, as members of the public cross Westminster Briidge, on Aug. 12 2025. Richard Baker | In Pictures | Getty Images Good morning from London, where more sweltering weather is on its way. Stocks are also looking […]
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‘Big beautiful bill’: These are the sectors investors are betting on and avoiding in a new fiscal era
The “One Big Beautiful Bill Act” has drawn mixed reactions from Wall Street, but for some investors, it represents a blueprint for a new phase of U.S. economic policy. The bill , which became law in July, is characterized by extensive tax reforms and selective incentives, is forecast to add to the federal deficit and […]
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CNBC Daily Open: The U.S. inflation jump scare is not here — at least not yet
A sale sign inside a clothing store in Artesia, California, U.S. on August 7, 2025. Patrick T. Fallon | Afp | Getty Images Waiting for tariff-induced price increases in the U.S. to show up can feel like watching an M. Night Shyamalan movie. July’s consumer price index came in mostly benign. The headline annual rate […]
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CNBC Daily Open: Will the other shoe drop when it comes to U.S. inflation?
An Aldi grocery store on May 2, 2025, in Washington, DC, U.S. Kevin Dietsch | Getty Images News | Getty Images Waiting for tariff-induced price increases in the U.S. to show up can feel like watching an M. Night Shyamalan movie. July’s consumer price index came in mostly benign. The headline annual rate of 2.7% […]
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South Korea’s former first lady imprisoned after court issues warrant
South Korea’s former first lady Kim Keon Hee arrives at the special prosecutor’s office in Seoul, South Korea, August 6, 2025. Kim Hong-Ji | Reuters South Korea’s former first lady Kim Keon Hee has been arrested after a court late Tuesday issued a warrant to arrest her following accusations of graft that she denies, a special […]
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Asia markets set to open higher, tracking Wall Street gains amid Fed cut hopes
Here are the opening calls for the day Happy mid-week from Singapore. Asia markets are set for a mostly higher open. Japan’s Nikkei 225 was set to open higher, with the futures contract in Chicago at 43,325, while its counterpart in Osaka last traded at 43,280, against the index’s last close of 42,718.17. Futures for […]
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Stock futures are little changed after market returns to record highs: Live updates
Traders work at the New York Stock Exchange on August 12, 2025. NYSE Stock futures are little changed Tuesday night as investors look ahead to inflation data due later this week. Futures tied to the Dow Jones Industrial Average dropped 13 points, or less than 0.1%. S&P futures fell 0.04%, while Nasdaq 100 futures were […]
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Do Kwon pleads guilty to U.S. fraud charges in $40 billion crypto collapse
Do Kwon, a South Korean cryptocurrency executive charged with fraud, stands with his attorney David Patton to plead guilty in front of U.S. District Judge Paul Engelmayer in New York City, New York, U.S., August 12, 2025 in this courtroom sketch. Jane Rosenberg | Reuters Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital […]
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