business news
Bessent to American businesses: ‘Not the end of the world’ if April 2 tariffs kick in
Top Trump administration officials insist that the Aug. 1 deadline is not changing, even as dozens of countries’ trade negotiations are unresolved. Source
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Trump says Jeffrey Epstein ‘stole’ Virginia Giuffre from Mar-a-Lago spa
Virginia Giuffre, an alleged victim of Jeffrey Epstein, walks after the hearing in the criminal case against Epstein, at Federal Court in New York, August 27, 2019. Shannon Stapleton | Reuters President Donald Trump on Tuesday said that Jeffrey Epstein “stole” Virginia Giuffre from the spa of Trump’s Mar-a-Lago club in Florida. Trump said that […]
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Starbucks is about to report earnings. Here’s what to expect
Consumers walk in front of a Starbucks coffee shop in Galeria Krakowska shopping mall in central Krakow, Poland, on July 11, 2025. Dominika Zarzycka | Nurphoto | Getty Images Starbucks is expected to report its fiscal third-quarter earnings after the bell on Tuesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company […]
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Trump EPA seeks to repeal finding that carbon dioxide emissions threaten public health
Smoke stacks from the Hugh L. Spurlock Generating Station are seen on June 12, 2025 in Maysville, Kentucky. Jeff Swensen | Getty Images The Trump administration is seeking to repeal a landmark finding that greenhouse gas emissions pose a threat to public health, the head of the Environmental Protection Agency said Tuesday. “This has been […]
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Royal Caribbean lifts full-year guidance on strong cruise bookings
Royal Caribbean raised its full-year guidance Tuesday on the back of strong cruise bookings. The company now expects 2025 earnings of between $15.41 and $15.55 per share on an adjusted basis, up from prior earnings per share guidance of $14.55 to $15.55. CEO Jason Liberty noted traveler preferences are evolving, saying there’s an increase in […]
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Trump’s pharmaceutical tariffs could affect some drugmakers more than others
Medications are stored on shelves at a pharmacy on May 12, 2025 in Los Angeles, California. Eric Thayer | Getty Images President Donald Trump is slated to impose tariffs on pharmaceuticals imported into the U.S. any day now – and the duties may have a bigger impact on some drugmakers than others, according to some […]
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Anthropic in talks to raise fresh capital at $170 billion valuation
Anthropic is in talks to raise between $3 billion and $5 billion in a funding round led by Iconiq Capital that would value the artificial intelligence startup at $170 billion, CNBC has confirmed. The OpenAI competitor has been reeling in billions of dollars at a rapidly increasing valuation reflecting investors’ thirst for a piece in […]
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UK plans to recognize Palestinian state in September unless Israel takes action
Britain said on Tuesday it would recognize a Palestinian state unless Israel takes steps to relieve suffering in Gaza, where starvation is spreading, and reaches a ceasefire in the nearly two-year war with Hamas. The warning came after a hunger monitor said a worst-case scenario of famine is unfolding and immediate action is needed to avoid widespread death. Palestinian […]
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Trump approval needed to extend U.S.-China tariff pause, negotiators say
A potential extension of a tariff pause between the United States and China will not be agreed to until President Donald Trump signs off on the plan, U.S. negotiators said Tuesday. Trump “has final say on all the trade deals” and the pending tariff truce, Treasury Secretary Scott Bessent told CNBC’s Eamon Javers. The remarks […]
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Nike loses head of North America women’s business to Athleta
A Nike and Athleta store. Kylie Cooper | Reuters | Michael Brochstein | SOPA Images | LightRocket | Getty Images Gap’s Athleta has tapped the head of Nike’s women’s business in North America as its next CEO, delivering a blow to the sneaker company as it tries to win back more female shoppers. Maggie Gauger, […]
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