Business
Oil giant BP seeks buyers for one of its crown jewels as it looks to stave off a takeover
Britain’s BP appears to be attracting a number of possible buyers for its Castrol lubricants business as the struggling oil giant seeks to fend off a prospective takeover . Energy companies including India’s Reliance Industries and Saudi Arabia’s oil behemoth Aramco , as well as private equity firms Apollo Global Management and Lone Star Funds, […]
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Safer to stay home? European firms rethink travel policy over U.S. border control concerns
U.S. Customs and Border Protection in Newark Liberty International Airport. Nicolas Economou/NurPhoto via Getty Images Some European companies are growing wary about sending their employees to the U.S. It comes amid volatile policymaking by the Trump administration, more stringent immigration checks, and an uptick in reports of detentions and deportations. Some businesses CNBC spoke to, […]
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Here are the retailers raising prices as Trump tariffs take hold
A person picks out clothing in a store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, U.S. November 24, 2023. Vincent Alban | Reuters Consumers who hoped tariffs would not […]
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Why everyone is selling Dubai chocolate bars
As a new chocolate trend takes over the globe, U.S. companies like Shake Shack and Crumbl have worked quickly to capitalize on its continuing popularity with limited edition spinoffs, while other chocolate manufacturers have created dozens of dupes sold at Target, Costco, Amazon and now Trader Joe’s. The idea for “Dubai chocolate” was first […]
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Elon Musk deflects question about report of drug use, family drama as Trump looks on
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Tesla CEO Elon Musk on Friday deflected a reporter’s effort to ask the mega-billionaire about a New York Times article detailing his alleged […]
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Taylor Swift buys back rights to the master recordings of her first 6 albums
Taylor Swift performs on stage during the “Taylor Swift | The Eras Tour” at Wembley Stadium on June 21, 2024 in London, England. Jo Hale | Redferns | Getty Images Taylor Swift now controls her entire music catalog after she bought back the master recordings of her first six albums. “I’m trying to gather my […]
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China calls out Trump for ‘abuse’ of semiconductor export controls
Chinese President Xi Jinping and U.S. President Donald Trump. Dan Kitwoodnicholas Kamm | Afp | Getty Images China is calling out the U.S. for “discriminatory restrictions” in its use of export controls in the chip industry, after the Trump administration accused the world’s second-largest economy of violating a preliminary trade deal between the two countries. […]
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Stocks making the biggest moves midday: Costco, Palantir, Gap, Ulta Beauty and more
Check out the companies making headlines in midday trading: Costco — The wholesaler gained more than 3% on fiscal third-quarter results that surpassed analysts’ estimates, while sales jumped 8% from the same period a year ago. Ulta Beauty — Shares of the beauty retailer skyrocketed nearly 13% to hit a 52-week high after the company […]
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Summer rentals in the Hamptons are down 30%
Key Points Summer rentals in the Hamptons are down 30% from the same period in previous years, according to Judi Desiderio of William Raveis Real Estate. Brokers who focus on ultra-high-end rentals are seeing an even bigger drop and say their rental business is down between 50% and 75%. Some renters may be holding out […]
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Stocks making the biggest moves premarket: Ulta Beauty, Airbnb, Gap, American Eagle and more
Check out the companies making headlines before the bell: UiPath — Shares surged 12% after the automation software company posted first-quarter operating income and revenue figures that exceeded FactSet estimates. UiPath also raised its full-year revenue guidance and sees its current-quarter revenue coming in between $345 million and $350 million, while analysts polled by FactSet […]
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