business news
CNBC Daily Open: The health of the U.S. economy can depend on your viewing angle
Shoppers carry bags on Market Street in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty Images Based on payrolls processing firm ADP’s jobs report and the U.S. Federal Reserve “Beige Book,” the United States economy appears to be slowing. The number of private sector jobs created in […]
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Shein and Temu see U.S. demand plunge on ‘de minimis’ trade loophole closure
Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on Chinese imports and the closure of the de minimis loophole, new data shows. Temu’s U.S. daily active users (DAUs) dropped 52% in May versus March, before Trump’s tariffs were announced, while those at […]
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Auto industry sounds the alarm as China’s rare earth curbs start to bite
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters Automotive industry groups are increasingly worried about a rare earth shortage. Several European auto supplier plants and production lines have already been shut down due to China’s recent export controls, according to […]
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‘We want WrestleMania to come to London’: Mayor makes pitch to WWE legend Triple H
Mayor of London Sadiq Khan speaks with moderator Tania Bryer during the “Opening Remarks – Welcome to SXSW London” panel discussion on the first day of SXSW London 2025 at The Truman Brewery on June 2, 2025. Jack Taylor | Getty Images Entertainment | Getty Images London Mayor Sadiq Khan made a pitch to World […]
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Thai Airways increasing flights to India to meet growing demand
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Chai Eamsiri, CEO of Thailand’s flag carrier Thai Airways, calls Bangkok a “regional hub” and adds that the airline will be increasing the frequency of flights to India and neighboring Southeast Asian countries. Source
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South Korea’s new President Lee begins moves to tackle economic ‘crisis’
South Korean President Lee Jae-myung speaks during a press conference at the Presidential office in Seoul, South Korea, Wednesday, June 4, 2025. Ahn Young-joon | Via Reuters South Korea’s new President Lee Jae-myung held his first cabinet meeting on Thursday, focused on devising an emergency package to address stagnating economic growth and aid households, moving swiftly […]
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Trump bans citizens of 12 countries from entering the U.S.
The Trump administration signed a proclamation Wednesday suspending travel to the U.S. for citizens from 12 countries: Afghanistan, Myanmar, Chad, Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. Citing national security interests, the proclamation states that the identified countries lack sufficient vetting and screening processes needed to detect foreign nationals who may […]
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Nintendo Switch 2 launches globally with shortages expected amid pent-up demand
A man checks out the special sales corner for Nintendo Switch 2 in front of an electronics retailer in Tokyo on June 5, 2025. Kazuhiro Nogi | AFP | Getty Images Nintendo‘s Switch 2 launched on Thursday and is widely expected to be in short supply globally amid pent-up demand for the more powerful next-generation gaming […]
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South Korea stocks extend post-election gains, hover near 10-month high amid mixed Asia markets
Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets traded mixed Thursday, after private sector hiring in the U.S. hit its lowest level in over two years, raising concerns that trade policy uncertainty […]
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CNBC Daily Open: The observed slowdown of the U.S. economy depends on your vantage point
Shoppers carrying bags in the Soho neighborhood of New York, US, on Wednesday, March 26, 2025. Yuki Iwamura/Bloomberg via Getty Images Based on payrolls processing firm ADP’s jobs report and the U.S. Federal Reserve “Beige Book,” the United States economy appears to be slowing. The number of private sector jobs created in May rose by […]
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