business news
Trump warns of ‘big tariff’ if UK doesn’t drop digital services tax on U.S. tech firms
US President Donald Trump during a healthcare affordability event in the Oval Office of the White House in Washington, DC, US, on Thursday, April 23, 2026. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump has delivered a stark warning to the U.K., threatening to impose steep tariffs on the country unless it drops […]
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Stocks making the biggest moves premarket: Intel, Advanced Micro Devices, Procter & Gamble & more
Check out the companies making the biggest moves premarket: Intel — Shares nearly 27% after the chipmaker posted first-quarter earnings that beat Wall Street’s expectations. Intel posted adjusted earnings of 29 cents per share on revenue of $13.58 billion, while analysts polled by LSEG had expected it to earn 1 cent per share on $12.42 […]
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New York’s pied-a-terre tax sets up legal fight over values
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. New York’s proposed tax on second homes worth more than $5 million is likely to spark costly legal battles over how to value […]
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The aerospace and defense trade is taking investors deeper into space, and more ETFs are up for the mission
The aerospace and defense trade is taking investors deeper into space and exchange-traded funds want a part of it. VettaFi’s Cinthia Murphy told CNBC’s “ETF Edge” this week there are now more ETFs tackling the space theme more directly — listing the Procure Space ETF (UFO) and Global X Defense Tech ETF (SHLD) as examples. […]
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Iran war, U.S. court’s tariff ruling delays India trade deal — but a bigger risk lies ahead
The Indian flag flies in front of billboards featuring images of Indian Prime Minister Narendra Modi and U.S. President Donald Trump in Ahmedabad, India, on Feb. 23, 2020. Bloomberg | Bloomberg | Getty Images The India-U.S. trade deal remains unsigned after months of negotiations, with the Iran war and a U.S. court ruling against tariffs […]
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Global stock markets are too inflated and will fall, top Bank of England official warns
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 23, 2026. Jeenah Moon | Reuters International equity markets are priced too high and will fall, according to a senior leader at the Bank of England. Sarah Breeden, deputy governor for financial stability at the U.K.’s […]
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Foreign car companies bet on technology to hang onto once-lucrative China auto market
Key Points Foreign automakers have seen sales slump by up to two-thirds in the world’s largest car market since the pandemic. U.S., Korean and German brands rushed to announce a new lineup of models at the Beijing auto show, incorporating Chinese technology in a bid to win back buyers. Up to 15 cars are launched […]
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Porsche is selling its Bugatti Rimac stake and walking away from Rimac
LAS VEGAS, NEVADA – JANUARY 06: People visit Bugatti booth during the Consumer Electronics Show (CES) 2026 on January 6, 2026 in Las Vegas, Nevada. Zhang Shuo | China News Service | Getty Images Porsche AG has agreed to sell its 45% stake in supercar brand Bugatti Rimac, fully exiting the joint venture that houses […]
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South Korea’s ‘ant investors’ are marching to U.S. equities even as domestic market hits record highs
A currency trader monitors exchange rates in a dealing room at the Korea Exchange Bank in Seoul Jung Yeon-je | Afp | Getty Images South Korean stocks have been surging to record highs over the past year, but that hasn’t dimmed the allure of U.S. equities for its residents. In 2025, South Korea was the […]
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Cohere to acquire German AI company Aleph Alpha as it looks to expand in Europe
Canadian AI lab Cohere announced on Friday that it planned to acquire German AI company Aleph Alpha, as it eyed major expansion in Europe. As part of the deal, Schwarz Group — a key backer of Aleph Alpha — plans to invest $600 million in Cohere’s upcoming Series E round. The company expects to close […]
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