Honda is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBCJapanese auto giant Honda missed fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs.Here are Honda’s results compared with mean estimates from LSEG:Revenue: 5.36 trillion yen ($47.26 billion) vs. 5.36 trillion yenOperating profit: 73.5 billion yen vs. 275.52 billion yenHonda’s fourth quarter ends March 31.Stock Chart IconStock chart iconFor its financial year ended March, revenue came in at 21.69 trillion yen, compared to the average expectation of 21.63 trillion yen from LSEG and…
Author: usaeverydaylife
Motorists drive past as clouds gather over city skyline in Mumbai on September 26, 2024. (Photo by Punit PARANJPE / AFP) (Photo by PUNIT PARANJPE/AFP via Getty Images)Punit Paranjpe | Afp | Getty ImagesIndia continues to focus on its growth despite the flare up in tensions with Pakistan, said Shilpak Ambule, the country’s high commissioner to Singapore.Speaking to CNBC’s “Inside India,” Ambule said “everybody is on operational alert. But that does not mean that our India growth story and focus on economy gets affected.” Airports have resumed operations, and it is safe to travel in India, he added.Ambule said that…
Follow live updates on the Trump administration here.President Trump had one big question on his mind as Canadian Prime Minister Mark Carney headed to Washington last week.“I very much want to work with him, but cannot understand one simple TRUTH,” Mr. Trump said in a social media post, reiterating several of ways he believes Canada benefits unfairly from its trade relationship with United States.The president also repeated his incorrect claim that the United States is “subsidizing” Canada to the tune of $200 billion, alluding to the country’s trade deficit with Canada, which is the value of what the United States…
A worker finishes red Santa Claus hats for export at a factory on April 28, 2025, near Yiwu, Zhejiang province, China. Kevin Frayer | Getty Images News | Getty ImagesBEIJING — The U.S.-China tariff cuts, even if temporary, address a major pain point: Christmas presents.Nearly a fifth of U.S. retail sales last year came from the Christmas holiday season, according to CNBC calculations based on data from the National Retail Federation. The period saw a 4% year-on-year sales increase to a record $994.1 billion.”With the speed of Chinese factories, this 90-day window can resolve most of the product shortages for…
The Chinese national flag fluttering with the Lujiazui Financial District in the background.Vcg | Visual China Group | Getty ImagesFinancial institutions are rethinking their China calls after a surprise trade truce between Washington and Beijing, raising both the country’s growth forecasts as well as stock market outlooks.On Monday, the U.S. and China reached an agreement to temporarily halt the majority of tariffs on each other’s products for 90 days. Under the deal, mutual tariffs will be reduced from 125% to just 10%.This marks a significant easing of tensions between the two countries after the tit-for-tat that ensued following U.S. President…
The app icons for Revolut and Monzo displayed on a smartphone.Betty Laura Zapata | Bloomberg via Getty ImagesFinancial technology firms were initially the biggest losers of interest rate hikes by global central banks in 2022, which led to tumbling valuations.With time though, this change in the interest rate environment steadily boosted profits for fintechs. This is because higher rates boost what’s called net interest income — or the difference between the rates charged for loans and the interest paid out to savers.In 2024, several fintechs — including Robinhood, Revolut and Monzo — saw a boost to their bottom lines as…
The ceremony to honor Pope Leo XIV in the Peruvian city where he served as bishop for roughly eight years began on Saturday night with a procession of altar boys and priests. It ended long past dark with dancers in devil costumes swirling on the steps of his former church.In between, there was a Mass, communion, many hymns, a student band, a chorus, fireworks, a musical performance by one of the priests — cheered like a rock star in a white robe — and chant after chant about the “papa Chiclayano,” the pope from Chiclayo.Chiclayo, in northern Peru, is the…
A drone view shows Tesla electric vehicles waiting for shipment outside the Tesla gigafactory in Austin, Texas, U.S., May 2, 2025. Eli Hartman | ReutersRepublicans in the U.S. House of Representatives on Monday proposed killing the electric vehicle tax credit and repealing fuel efficiency rules designed to prod automakers into building more zero-emission vehicles as part of a broad-based tax reform bill.The proposal, which is set for a House Ways and Means Committee hearing on Tuesday, would repeal a $7,500 new-vehicle tax credit and a $4,000 used-vehicle credit on Dec. 31, although it would maintain the new-vehicle credit for an additional year for automakers that have not yet sold 200,000 EVs.The president of the Electric Drive…
Asia is home to more than half of this summer’s top 15 emerging travel destinations, according to a report released Monday by the Mastercard Economics Institute.Tokyo and Osaka topped the list, which compared summer flight bookings for 2024 and 2025 to find the places experiencing the most growth in travelers.The ranking shows continued interest in Tokyo, which ranked No. 2 on last year’s list.Paris is No. 3 on the list, reflecting a drop in travelers during the summer of 2024 caused by the Summer Olympic Games, followed by Shanghai at No. 4.Beijing, Seoul and Singapore round out the top 10…
Data from the U.S. National Library of Medicine suggests that 85% of genomics studies have been conducted in individuals of European descent.Singapore-based project GenomeAsia 100K is working to address this representation disparity.Almost a decade ago, it set the goal to sequence 100,000 Asian human genomes and create a genetic representation of Asian human variation.”The project has two parts. Step one is to understand the genetic makeup of Asians as a whole entity, but then the second one is to find out which of those genetic markers that we newly discover are actually ethical markers and are not disease markers, as…
