The City of London skyline at sunset.Gary Yeowell | Digitalvision | Getty ImagesLONDON — European stocks opened lower on Thursday, as investors reacted to another flurry of corporate earnings.The pan-European Stoxx 600 was 0.3% lower 20 minutes into the session, with most sectors and major bourses in negative territory. France’s CAC 40 led losses among major regional indexes, with a decline of 0.7%.It’s a busy day for earnings with third-quarter reports due from a slew of regional companies.AstraZeneca CEO: ‘We decided to be cautious’AstraZeneca held its guidance steady on Thursday morning, after reporting better-than-expected third-quarter revenues and profit. Total revenue,…
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Americans are feeling a credit crunch: U.S. consumers held a record $1.21 trillion in credit card debt in the second quarter of 2025, according to the New York Fed. Nearly half of cardholders carry a balance from month to month and the portion who are behind on even the minimum payment has risen to 12.3%, up from 10.9% in 2024 and 8% in 2023.Credit cards and Buy Now, Pay Later plans make it easy for balances to balloon. And high interest rates mean it’s hard to make a dent in the principal.If you’re facing this challenge, a debt relief company…
A U.S. Supreme Court police officer stands guard on the first day of their new session in Washington, D.C., U.S., Oct. 6, 2025. Jonathan Ernst | Reuters The U.S. Supreme Court on Wednesday heard a case on the Trump administration’s “reciprocal” tariffs, and both liberal and conservative judges appeared skeptical of the legal basis of those tariffs.Following the hearing, traders on the prediction market Polymarket think there’s only a 25% chance that Trump’s tariffs will hold, down from roughly 50% a day ago.Markets rose after the hearing, with major U.S. indexes rebounding from Tuesday’s losses. Still, the end of tariffs…
Jensen Huang attends a reception for the 2025 Queen Elizabeth Prize for Engineering, at St James’ Palace in London, Brirain, Nov. 5, 2025. Yui Mok | Via ReutersNvidia CEO Jensen Huang reportedly told the Financial Times on Wednesday that “China is going to win the AI race,” only to release a notably softer statement soon after. The prolific tech leader was speaking on the sidelines of the FT’s Future of AI Summit, where he warned that China would beat the U.S. in artificial intelligence thanks to lower energy costs and looser regulations.The comments, which CNBC could not verify independently, would represent…
Maersk and HMM container ships at the Port of Los Angeles in Los Angeles, California, US, on Wednesday, Sept. 24, 2025.Bloomberg | Bloomberg | Getty ImagesDanish shipping giant Maersk on Thursday posted stronger-than-expected third-quarter operating profit and raised the lower-end of its full-year guidance, bolstered by increasing container volumes.The company, widely regarded as a barometer of global trade, reported preliminary underlying earnings before interest, tax, depreciation and amortization (EBITDA) of $2.68 billion for the July-September period.That’s above the $2.6 billion expected by analysts in an LSEG-compiled consensus but down sharply from $4.8 billion over the same period a year earlier.Maersk…
The SAP Labs India Pvt. office in Bengaluru, India, on Thursday, on April 27, 2023. Global capability centers have evolved far beyond tech support, but their growth presents challenges for multinationals and Indian cities alike. Bloomberg | Bloomberg | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here.The big storySipping coffee in a café surrounded by Singapore’s skyline, Anshuman Magazine of real estate services firm CBRE told me that global capability centers (GCCs) accounted for 38% of office space demand in India in the third…
A Union flag flutters from a pole atop the Bank of England, in the City of London on August 7, 2025. Niklas Halle’n | Afp | Getty ImagesLONDON — The Bank of England on Thursday is set to make its last interest rate decision before the Autumn Budget later this month, with economists saying that although the central bank is more likely to hold rates steady, it’s not a given.”We can never know for sure which way any meeting will go, but this one is … one of the hardest to call for some time,” Dean Turner, chief euro zone…
You’ve put lots of time, energy and money into planning your wedding. And, while no one wants to think about something unfortunate happening, there’s a lot that can go wrong. Wedding insurance covers everything from a rainstorm ruining your outdoor ceremony to the photographer not showing up.”Weddings are a significant investment — that’s why wedding insurance is beneficial for every couple,” says Esther Lee, editorial brand director at The Knot. “It protects their investment from circumstances beyond their control and gives them the ability to be reimbursed for any unexpected expenses.”The real value of wedding insurance, Lee adds, is the…
The head of the air traffic controllers’ union said Wednesday that it could take the industry “weeks to recover” from the impacts of the government shutdown.Nick Daniels, president of the National Air Traffic Controllers Association, said on CNBC’s “Squawk Box” that the holiday season will be especially affected by the shortage of air traffic controllers, who missed their first full paycheck last week. The Department of Transportation has reported increased delays and ground stops as a result of the shutdown, now in its fifth consecutive week.”To somehow fathom we could go into the holiday season still in a government shutdown,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailIndonesian fintech unicorn Xendit is helping reshape Southeast Asia’s payment landscape by offering Stripe-like infrastructure tailored to the region’s unique challenges. In this episode of CNBC’s “Beyond the Valley,” Xendit co-founder and Chief Operating Officer Tessa Wijaya joins Arjun Kharpal at the Singapore Week of Innovation and Technology (SWITCH) to discuss unifying a fragmented payments system landscape, learning from her first startup in the food business and the challenge of moving the Asian payment market away from QR codes. Source link
