Traders work, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 17, 2025.Brendan McDermid | ReutersLONDON — European stocks edged higher on Wednesday, with some stocks particularly buoyed by earnings, as investors awaited the conclusion of the U.S. Federal Reserve’s meeting.The pan-European Stoxx 600 was 0.2% higher at 10:21 a.m. in London (6:21 a.m. ET), with major indexes and sectors mixed.The U.K.’s FTSE 100 index made gains of almost 0.5%, Germany’s DAX dipped around…
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Residents ride motorcycles through flooded areas before Hurricane Melissa hits the city of Santiago de Cuba, Cuba on Oct. 28, 2025.Yamil Lage | AFP | Getty ImagesHurricane Melissa made landfall in eastern Cuba near the city of Chivirico early Wednesday as a Category 3 storm after pummeling Jamaica as one of the strongest Atlantic hurricanes on record, the U.S. National Hurricane Center said.Hundreds of thousands of people had been evacuated to shelters in Cuba. A hurricane warning was in effect for the provinces of Granma, Santiago de Cuba, Guantanamo, Holguin and Las Tunas.Early Wednesday, Melissa had sustained top winds of…
The Nvidia logo is displayed on a building at Nvidia headquarters on August 27, 2025 in Santa Clara, California. Chip maker Nvidia will report second-quarter earnings today after the closing bell.Justin Sullivan | Getty Images News | Getty ImagesShares of Nvidia rose more than 3% in premarket trade on Wednesday, putting the tech giant on track to become the first company to cross the $5 trillion market value threshold.The extraordinary milestone would reflect a remarkable rise for the company, which has evolved from a niche video game processor to an integral player in the artificial intelligence boom.Shares of Nvidia were…
Nvidia CEO Jensen Huang delivers remarks next to U.S. President Donald Trump at an ‘Investing in America’ event in Washington, D.C., on April 30, 2025.Leah Millis | ReutersNvidia CEO Jensen Huang is headed to South Korea, one of the company’s most important markets, ahead of meeting there between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.For Huang, it’s expected to be a trip that mixes business and politics with a meeting with Trump on the cards as well as execs from South Korea’s biggest firms such as Samsung and SK Group.Market watchers will also be looking out for…
OpenAI CEO Sam Altman (L) shakes hands with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at the Seattle Convention Center Summit Building in Seattle, Washington, U.S., on May 21, 2024. Jason Redmond | Afp | Getty Images Investors can’t get enough of artificial intelligence, despite worries over the sector’s excessively high valuations.The S&P 500, Dow Jones Industrial Average and Nasdaq Composite rose Tuesday stateside, with all three notching new intraday highs. The major averages were juiced by gains in tech. Nvidia popped nearly 5%, while Microsoft climbed roughly 2%.Both Apple…
This article was paid for by SBG FundingYou’re prepping your business for the holiday season, but there’s one big problem: You’re short on inventory.It’s a catch-22: You need to make sales to pay for additional stock, but you need more stock to make any sales.Fortunately, this is a dilemma with several solutions.SBG FundingTypes of loansSmall business term loans, business lines of credit, equipment financing, invoice financing, SBA 7(a), HELOCBetter Business Bureau ratingLoan amountsTermsMinimum credit score neededMinimum requirementsTo qualify for funding, you must have a minimum of 6 months in business, a FICO score exceeding 600 and annual revenue of at least…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchThe U.K. economy, along with many continental European peers, faces well-established challenges. These include a high debt-to-GDP ratio, a high deficit-to-GDP ratio and an ageing population making increasing demands on the state, just as growth is stagnating.Yet all is not lost, and an event last Thursday highlighted how some regions are still expanding strongly and, crucially, attracting inward investment in the kind of activities that will help Britain earn a living in the world for decades to come.More than 500 CEOs, founders, investors…
The U.S. Federal Reserve is widely expected to cut interest rates when it meets on Wednesday with little to no room for a surprise. Any remaining excitement is centered on what the central bank will signal regarding its balance sheet and the path forward. Short-term interest rates have been particularly volatile in recent weeks, with the U.S. repo market signaling potential liquidity distress as it trades within a few basis points of the Fed’s upper limit, and in fact was above the top of the range Monday. The repo market is considered the plumbing of the U.S. financial system as…
A general view of JLR signage at the Jaguar Land Rover vehicle manufacturing plant in Castle Bromwich on September 30, 2025 in Birmingham, United Kingdom.Christopher Furlong | Getty Images News | Getty ImagesA major cyberattack on Jaguar Land Rover, considered the most expensive security breach in British history, has prompted experts to question whether the U.K. is equipped to handle a rapidly growing cyber threat.The Cyber Monitoring Centre, a cybersecurity body, recently estimated the hack of Britain’s biggest automaker to have cost the U.K. a whopping £1.9 billion ($2.5 billion), a figure that represents the substantial disruption caused to JLR’s…
The UBS Group AG headquarters in Zurich, Switzerland, on Wednesday, July 30, 2025.Bloomberg | Bloomberg | Getty ImagesSwiss banking giant UBS on Wednesday reported stronger-than-expected third-quarter net profit, citing significant momentum in its core businesses.Net profit attributable to shareholders came in at $2.5 billion for the three-month period, up 74% from $1.43 billion in the same period of last year. Analysts had expected third-quarter net profit of $1.85 billion, according to an LSEG-compiled consensus.Switzerland’s largest bank said its net profit included net litigation reserve releases of $668 million, primarily due to the resolution of legal matters related to Credit Suisse’s…
