Watch UK Finance Minister Rishi Sunak’s budget announcement

[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.]

U.K. Finance Minister Rishi Sunak is announcing a new government budget in his Spring Statement.

A planned 10% increase to National Insurance (a tax on earnings) kicks in for many workers in April, while at the same time the U.K.’s energy price cap soars 54% to accommodate higher costs of oil and gas, exacerbating the squeeze on household income as consumer prices continue to head north.

Subscribe to CNBC on YouTube.

Source

Finance

Xpeng defies China’s EV price war with steady sales as Tesla and local rivals try to keep pace

July 2, 2025

Key Points Xpeng reported an eighth-straight month of more than 30,000 monthly vehicle deliveries amid a fierce price war in China. Xpeng’s U.S.-listed rivals, which target a more premium segment of China’s car market, saw more modest sales momentum. BYD remained the market giant, with its passenger car sales edging higher in June to 377,628 […]

Finance

Billionaire Ken Griffin’s hedge funds at Citadel are all in the green for 2025

July 1, 2025

Citadel CEO Ken Griffin speaks during the Semafor World Economy Summit 2025 at Conrad Washington on April 23, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Billionaire investor Ken Griffin’s hedge funds at Citadel have all posted positive returns during a volatile 2025, led by the tactical trading fund. Citadel’s multistrategy Wellington fund, its largest, gained […]

Finance

Stocks making the biggest moves midday: Tesla, Tandem Diabetes, GE Vernova, Hasbro and more

July 1, 2025

Check out the companies making the biggest moves midday: Diabetes tech stocks — The Centers for Medicare & Medicaid Services is proposing a rule change that could change the reimbursement rates for continuous glucose monitors and insulin pumps. The news sent shares of diabetes tech stocks lower. Tandem Diabetes Care and Beta Bionics tumbled 4% […]