business news
Tesla jumps 5% in premarket trading as stock reels from Trump-Musk drama
A Tesla car dealership stands on June 5, 2025 in the Brooklyn borough of New York City. Spencer Platt | Getty Images Tesla shares climbed in U.S. premarket trading Friday after tensions between CEO Elon Musk and President Donald Trump fueled a $152 billion rout for the stock a day earlier. Shares of Tesla were […]
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Peak private equity? Sector gets defensive about its ability to generate top returns
Working late, office buildings, Financial District, London. Travelpix Ltd | Stone | Getty Images BERLIN — Private equity’s biggest annual gathering is called SuperReturn, but its returns haven’t been looking quite so super of late — leading the industry to urge investors to ride out the uncertainty. At this year’s conference in Berlin, Germany there […]
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Europeans say society is broken — and Brits want a rule-breaking leader to fix it, poll finds
The view of protesters during the rally at Britain’s Parliament Square. Sopa Images | Lightrocket | Getty Images People across Europe say their countries are in decline and society is broken, according to a new Ipsos poll shared with CNBC. Negative sentiment has grown in the past four years across Europe’s major economies – with […]
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From bromance to bitter feud — a timeline of Trump and Musk’s relationship
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters July 2024 Musk publicly endorses Trump following an assassination attempt at a campaign rally in Butler, Pennsylvania. Musk posts on social media platform X: “I […]
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The world could be facing another ‘China shock,’ but it comes with a silver-lining
Singapore-based online grocery retailer Webuy staff is offloading containers filled with goods shipped from China. SINGAPORE — Vincent Xue runs an online grocery retail business, offering fresh produce, canned food, packaged easy-to-cook ingredients to cost-conscious local consumers in Singapore. Xue’s Nasdaq-listed Webuy Global sources primarily from suppliers in China. Since late last year, one third […]
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Long-awaited Trump-Xi call isn’t enough to resolve looming critical mineral shortage this summer
Key Points A high-stakes U.S.-China call has yet to resolve a rare earth metals shortage. Businesses say the shortage could halt production of cars and other industrial parts this summer. Only some Chinese suppliers of U.S. companies have received six-month export licenses. Source
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CNBC Daily Open: Trump and Musk’s breakup spills into the markets
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Developments from the White House are growing more exciting and unpredictable than those 1,000-episode Asian drama serials. On Thursday, “So much for being Mr. NICE […]
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London’s IPO drought deepens but could Trump’s tariffs shake things up?
The London Stock Exchange has struggled to entice companies looking to go public — but some market watchers say a tariffs-driven diversification away from the U.S. could help the U.K. win back a greater share of the IPO market. On Thursday, British fintech giant Wise dealt a fresh blow to the London Stock Exchange by […]
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Where a Michelin-starred Japanese chef eats, drinks and shops in Tokyo
Shingo Akikuni is best known as the chef at SHINGO, a one-Michelin-starred Japanese restaurant in Miami. He grew up in Japan and returns yearly as a visitor. The fourth-generation sushi chef told CNBC Travel how he spends his time there. Where he eats Ginza Sushi Aoki Akikuni’s first recommendation is where he was trained as […]
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‘London is back:’ Mayor — and Trump critic — Sadiq Khan looks to lure businesses from the U.S.
Mayor of London Sadiq Khan hopes to convince U.S. tech firms to invest more in London. Leon Neal | Getty Images “London is back,” the capital’s Mayor Sadiq Khan told CNBC on Wednesday, laying out his ambition to attract investors, visitors and students who are looking for an alternative to the U.S amid an uncertain […]
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