Breaking News: Economy
Stocks making the biggest moves premarket: Dollar General, Constellation Energy, Pinterest, Hims & Hers Health and more
Check out the companies making headlines before the bell. Dollar General — Shares of the discount retailer popped more than 10% after the company lifted its annual sales outlook, saying its updated guidance assumes that current tariff rates will remain through mid-August. Dollar General also beat on top and bottom lines for the first quarter. […]
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In China, ‘The Great American’ burger is now made with Australian beef
At his restaurant in Beijing, Geng Xiaoyun used to offer a special dish of salt-baked chicken feet — or “phoenix talons” as they are called in China — imported from America. With prices climbing 30% from March due to tariffs, the owner of Kunyuan restaurant had to pull the Chinese delicacy from the menu. “American […]
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Hilton CEO on opening 150+ hotels: It’ll be a really, really good year again
Chris Nassetta, Hilton Worldwide CEO, joins ‘Squawk on the Street’ to discuss Hilton’s demand picture, the impact of tariffs and much more. Source
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White House ‘close to the finish line’ on some trade deals, says Treasury official
Deputy Treasury Secretary Michael Faulkender said Monday that the Trump administration continues “to make very good progress” on trade negotiations, and it is “close to the finish line on a couple” of deals. “As long as we continue to make progress, I think you’re going to see a lot more deals that are announced prior […]
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Applied Digital shares rip 40% higher on CoreWeave AI lease agreement
Vcg | Visual China Group | Getty Images Shares of Applied Digital rose more than 40% after the company said it signed two long-term lease agreements with CoreWeave for artificial intelligence data centers. Nvidia-backed CoreWeave climbed more than 7% following the announcement. Financial terms of the two agreements were not provided, but Applied Digital said […]
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IATA’s 2025 Global Outlook sees increases to profitability
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The International Air Transport Association (IATA) announced it’s revised financial outlook for 2025. IATA’s Director-General Willie Walsh, joins CNBC’s Monica Pitrelli in New Delhi, to discuss the updated forecast. Source
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The global economy faces many headwinds, but the aviation industry is expected to defy them
A Turkish Airlines plane landing from a park next to Los Angeles International Airport on Dec. 26, 2024. Mario Tama | Getty Images The global economy may be facing an uncertain 2025 in light of trade tensions and geopolitical conflicts, but there’s a bright spot that investors can take solace in: aviation. The profitability of […]
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Trump advisers defend tariffs amid legal fight, insisting they’re ‘not going away’
US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, on May 30, 2025. Saul Loeb | AFP | Getty Images President Donald Trump’s top economic advisers maintained confidence on Sunday that the “tariffs are not going away,” as a key tenet of Trump’s policy agenda hangs in legal limbo. “Rest assured, […]
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Trump and Xi are likely to talk soon about trade, though no date has been set, Hassett says
White House economic adviser Kevin Hassett gives a TV interview outside of the White House in Washington, U.S., May 9, 2025. Leah Millis | Reuters National Economic Council director Kevin Hassett suggested on Sunday that President Donald Trump and China’s President Xi Jinping could have a conversation about trade as soon as this week. Hassett […]
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