President Donald Trump on Friday asked the Department of Justice to investigate relationships between notorious sex offender Jeffrey Epstein and former President Bill Clinton, JPMorgan Chase, former Treasury Secretary Larry Summers, billionaire tech investor Reid Hoffman, and others.Attorney General Pam Bondi said later Friday that she had appointed Jay Clayton, the U.S. attorney for the Southern District of New York, to lead the investigation.Trump’s statement comes as he faces renewed pressure over his own past friendship with Epstein, who killed himself in August 2019 after being arrested on child sex trafficking charges.In a Truth Social post, Trump claimed that “Democrats…
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Swiss flag is pictured at the Harbor in Geneva, Switzerland, March 13, 2024. Denis Balibouse | ReutersThe U.S. and Switzerland have reached a trade deal, U.S. Trade Representative Jamieson Greer told CNBC on Friday.Duties will be reduced to 15%, the Swiss government said in a post on X, adding that further details will be announced at 4 p.m. local time.As part of the deal, Swiss companies have pledged to invest some $200 billion in the U.S. by the end of 2028, which includes funding for education and training, according to a statement by the Swiss government.”We’ve essentially reached a deal with…
CNBC’s Phil LeBeau joins ‘Closing Bell Overtime’ with the latest on the air traffic pullbacks. Source link
Alphabet and Disney on Friday announced that they’ve reached a deal to restore content from ABC and ESPN onto Google’s YouTube TV.The deal comes after a two-week standoff between the two companies that started on Oct. 31. The stalemate resulted in numerous live sporting events, including college football games and two Monday Night Football games, being absent from the popular streaming service.”We’re happy to share that we’ve reached an agreement with Disney that preserves the value of our service for our subscribers and future flexibility in our offers,” YouTube said in a statement. “Subscribers should see channels including ABC, ESPN…
JD.com and Alibaba are operating in Suqian City, Jiangsu Province, China, on Dec. 29, 2023.Costfoto | Nurphoto | Getty ImagesBEIJING — Preliminary figures for China’s biggest shopping event of the year indicated slower sales as consumers tie their purse strings tighter amid weak economic growth.The Double 11 shopping festival this year recorded 1.695 trillion yuan (about $238 billion) in sales across all platforms, marking a 14.2% jump year on year, according to Chinese consumer research firm Syntun. That’s slower than the 26.6% year on year growth last year.Consumers were “more rational and willing to pay for real value, exhibiting a…
U.S. President Donald Trump speaks to reporters upon his return to Washington at Joint Base Andrews, in Maryland, U.S., November 9, 2025. Kevin Lamarque | ReutersOver the weekend, President Donald Trump suggested paying Americans directly for their health-care costs and sending tariff rebate checks to families, not unlike the stimulus payments issued during the Covid-19 pandemic.In a Truth Social post on Saturday, Trump wrote, “Republicans should give money DIRECTLY to your personal HEALTH SAVINGS ACCOUNTS.”The president also floated the idea that a tariff “dividend” was possible. “A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,”…
Tencent on Thursday posted 15% year-on-year revenue growth, with AI boosting the Chinese tech giant’s performance in advertising targeting and gaming.Here’s how Tencent performed in the third quarter of 2025, per earnings released on Thursday: Revenue: 192.9 billion Chinese yuan ($27.12 billion), surpassing the 189.2 billion Chinese yuan expected analysts, according to data compiled by LSEG. Operating profit: 63.6 billion yuan, versus 58.01 billion yuan expected by the street. Gaming, marketing and social media services, which makes up Tencent’s core business, raked in 95.9 billion Chinese yuan, representing 16% year-on-year growth.Domestic games venues rose 15% over the same period, driven by the recently-released “Delta Force” and “VALORANT…
This 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 storyRajat Mehta, scion of Mumbai-based Mehta Group, walked out of the listing ceremony of Billionbrains Garage Ventures or Groww, on Wednesday, feeling vindicated.The company he backed in 2016 as an early-stage investor, at a valuation of roughly $1.3 million, debuted at $8.6 billion on the National Stock Exchange.The 36-year-old felt a sense of pride after his father, Rakesh Mehta, told him, “Let’s find the next Groww to invest.”Coming from a business family whose fortunes were built…
As food prices climb, Too Good To Go is launching grocery bags with Whole Foods Market, in a major expansion of its push to lessen food waste and provide affordable meals.Too Good To Go is an app that connects users with stores and restaurants that offer surplus food in “surprise bags” at significantly lower prices. Its collaboration with Amazon’s Whole Foods will expand to all 536 of the grocer’s locations across the U.S., where the two companies said they have already saved 1.6 million meals from going to waste through their partnership.Too Good to Go announced seven new categories of…
Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 12, 2025 in New York City. Spencer Platt | Getty Images The divergence between the performance of the Dow Jones Industrial Average and Nasdaq Composite on Wednesday stateside reinforces the suggestion that there are two markets operating in the U.S.: one of an artificial intelligence and another of “everything else.”Not only did the Dow rise, it also secured its second consecutive record high and closed above the 48,000 level for the first time.The index, which comprises 30 blue-chip companies, is typically seen as a marker of…
