United States
Argentine peso hits fresh lows despite U.S. support — and it could be about to get worse
The Argentine peso reached fresh lows on Wednesday as political uncertainty failed to offset the impact of an an “unprecedented” billion-dollar support package from U.S. The currency reached its lowest level since the U.S. began purchasing it on Oct. 9, and has consistently fallen since then. The purchases are part of an effort from the […]
Read More
Russia was smug about Trump-Putin talks. Now they’re on hold, Moscow’s anxious
Russian President Vladimir Putin on October 15, 2025. Alexander Zemlianichenko | Afp | Getty Images Russia scrambled on Wednesday to salvage the prospect of in-person talks between U.S. President Donald Trump and Russia’s Vladimir Putin after they were unceremoniously put on hold. Trump said on Tuesday that he didn’t want “to have a wasted meeting” […]
Read More
Consumers feeling ‘discount burnout’ ahead of Black Friday, Cyber Monday, survey finds
Visitors are caught in the reflection of a store offering 50% off on all items on the Third Street Promenade in Santa Monica on July 16, 2024. Genaro Molina | Los Angeles Times | Getty Images A steady stream of promotions across the fashion industry has left consumers suffering from “discount burnout” ahead of Black […]
Read More
European markets lose ground as earnings hold spotlight; L’Oreal down 6%
A pedestrian crosses a flooded street following heavy rainfall in Paris on October 17, 2024. Joel Saget | Afp | Getty Images LONDON — European stocks were in negative territory on Wednesday as market momentum loses steam and quarterly earnings roll in. The pan-European Stoxx 600 was 0.2% lower on Wednesday, as of 10:25 a.m. […]
Read More
Baidu’s Apollo Go plans to launch taxis with no steering wheels in Switzerland as the race for robotaxis in Europe heats up
Chinese tech company Baidu announced Wednesday its Apollo Go robotaxi arm has entered a strategic partnership with PostBus in Switzerland. Baidu BEIJING — Chinese tech giant Baidu announced Wednesday that its robotaxi unit will start test drives in Switzerland in December, as firms race to get their vehicles on European roads. The company’s Apollo Go […]
Read More
CNBC Daily Open: Netflix holds its own even as other media companies rethink their strategy
Cast and filmmakers hop on the KPop Demon Hunters-Sing Along Experience at Paris Theater on August 23, 2025 in New York City, U.S. Roy Rochlin | Getty Images Entertainment | Getty Images Netflix’s business leaders and investors probably aren’t enjoying a soda pop after the release of its third-quarter results. While the company’s revenue met […]
Read More
CNBC’s UK Exchange newsletter: Curtain falls on the era of big UK conglomerates
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch There was great excitement last week when the most extensive dinosaur trackways ever found in the U.K. were discovered in an Oxfordshire quarry. The footprints, hundreds of them, were made by colossal beasts that roamed the […]
Read More
CNBC Daily Open: Netflix shows how it’s done despite earnings miss
Audrey Nuna, EJAE and Rei Ami attend the KPop Demon Hunters Special Screening at Netflix Tudum Theater on June 16, 2025 in Los Angeles, California., U.S. Charley Gallay | Getty Images Entertainment | Getty Images Audrey Nuna, EJAE and Rei Ami attend the KPop Demon Hunters Special Screening at Netflix Tudum Theater on June 16, […]
Read More
Mattel misses Wall Street estimates as North American sales sink
The Mattel, Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo, California on June 8, 2023. Patrick T. Fallon | AFP | Getty Images Barbie-maker Mattel posted third-quarter results after the market close on Tuesday that missed analysts’ expectations as ongoing global […]
Read More
Gold is getting knocked on Tuesday – it’s still the hottest trade of the year
While gold was taking a hit on Tuesday, the metals trade has outshined artificial intelligence on Wall Street this year, even the latter has propelled the broader stock market to record levels. Gold crossed the $4,000-per-ounce threshold earlier in October, and just this week, it hit a record above $4,300 . It’s currently up more […]
Read More