World
Former Treasury Secretary Mnuchin says Trump’s top priorities will be tax cuts, Iran sanctions and tariffs
President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when he assumes office in January, his former Treasury secretary said Thursday. Steven Mnuchin, who held the post throughout Trump’s first term from 2017-21, told CNBC that he sees those items as critical to the […]
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Germany appoints new finance minister as pressure for quick snap elections mounts
Olaf Scholz, Germany’s chancellor, right, speaks with aide Joerg Kukies at the COP27 climate conference at the Sharm El Sheikh International Convention Centre in Sharm El-Sheikh, Egypt, on Monday, Nov. 7, 2022. Islam Safwat | Bloomberg | Getty Images Jörg Kukies was appointed as Germany’s new finance minister on Thursday, as pressure mounts on Chancellor Olaf […]
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What Trump’s historic election victory means for the global economy
A worker is making textile export orders at a production workshop of a textile enterprise in Binzhou, China, on July 8, 2024. Nurphoto | Nurphoto | Getty Images Donald Trump’s election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have […]
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Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer’s largest single-quarter jump
Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for the streaming platform since its inception. Max now has 110.5 million subscribers as of Sept. 30. Warner Bros. Discovery’s flagship streaming service has […]
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Britain loves its ‘special relationship’ with the U.S. — but that doesn’t mean Trump will love it back
A man holds an American flag depicting president-elect Donald Trump at Parliament Square in London in 2020. Jeff J Mitchell | Getty Images News | Getty Images The U.K. holds dear to its so-called “special relationship” with the U.S., priding itself on a long history of shared values and cultural, diplomatic, linguistic and commercial ties […]
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Bank of England set for second cut after Labour reveals tax-hiking budget
Trump’s election could speed up 2025 rate cuts, UBS says Former US President Donald Trump arrives during a “Get Out The Vote” rally in Greensboro, North Carolina, US, on Saturday, March 2, 2024. Bloomberg | Bloomberg | Getty Images President-elect Donald Trump’s victory in the U.S. election could speed up the pace of Bank of […]
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European markets trade higher as Trump win settles in; Fed, BoE decisions in focus
Climate change prevention is critical for insurers, CFO says Climate change prevention is becoming far more significant for insurance companies as they face rising losses from destructive weather events, such as hurricanes and floods. Zurich Insurance Group’s Chief Financial Officer Claudia Cordioli told CNBC that the insurer had seen “very severe cat [catastrophe] and weather […]
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Nissan plans 9,000 job cuts, slashes annual profit outlook
A Nissan badge is attached to the grill of a 2013 Nissan Pathfinder on December 3, 2012 in Niles, Illinois. Nissan Motor Co is recalling more than 300,000 SUVs in the United States over an issue in which the hood suddenly opens, obstructing the driver’s view and increasing the risk of a crash. Scott Olson […]
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China urges U.S. cooperation as Trump trade threat looms
A flag stall at the Yiwu Wholesale Market in Zhejiang province, China, on May 10, 2019. Aly Song | Reuters BEIJING — China emphasized the need for greater cooperation with the U.S. a day after it became clear President-elect Donald Trump would become the next president of the United States. “The Chinese side is willing, […]
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CNBC Daily Open: The Trump rally kicks off
Republican presidential nominee and former U.S. President Donald Trump speaks at a campaign rally at Santander Arena in Reading, Pennsylvania, U.S., November 4, 2024. Brian Snyder | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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