Key PointsPrivate investment firms of the ultra wealthy made 375 direct investments in the first half of 2025, a 32% annual drop, according to Fintrix.Family offices are still showing interest in hard assets needed by AI, such as data centers, and are also looking abroad.Family office experts told CNBC that firms have capital they need to deploy but are waiting for clarity around tariffs and geopolitics.A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Investment…
Author: usaeverydaylife
American Airlines planes on the tarmac at the Miami International Airport on Feb. 19, 2025 in Miami, Florida.Joe Raedle | Getty ImagesAmerican Airlines’ third-quarter profit forecast fell short of expectations as the carrier reinstated its 2025 financial forecast well below its outlook at the start of the year.American on Thursday forecast a 2025 adjusted per-share loss of as much as 20 cents or earnings of as much as 80 cents, down from adjusted earnings estimates of between $1.70 to $2.70 it made in January. American, along with other airlines, pulled its 2025 financial outlook in April as carriers grappled with…
Kit Kat Chunky packaging are seen at a store in Poland on July 15, 2025.Nurphoto | Getty ImagesSwiss food giant Nestle said Thursday that prices for its KitKat bars and Nespresso coffee pods could rise further in the second half of this year, as U.S. tariffs risk exacerbating existing commodity price pressures.CEO Laurent Freixe said that he was “satisfied” with broad price hikes implemented in the first half of the year, but said that company was still considering whether further action would be needed.”Will we need a bit more [pricing action]?” Freixe said on an earnings call in response to…
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025.Tom Brenner | The Washington Post | Getty ImagesTesla shares fell 6% in premarket trading on Thursday after the company reported a second straight quarter of declining automotive sales.Elon Musk’s electric carmaker reported a top and bottom line miss on second-quarter results, noting that automotive revenue fell 16% year-on-year to $16.7 billion.On an earnings call, Musk said Tesla “probably could have a few rough quarters” ahead as a result of the expiration of federal electric vehicle tax…
Dr. Reddy ‘s Laboratories is betting big on a new wave of growth fueled by a global demand for weight-loss drugs — by launching its own lower-cost version of semaglutide, the blockbuster ingredient behind Wegovy and Ozempic. The Indian pharmaceutical company plans to launch its generic version of the drug in 87 countries by 2026, CEO Erez Israeli said. “This is a very, very important product because it’s becoming more and more as a first-line therapy for type 2 diabetes, as well as for weight loss,” he told CNBC. In 2022, more than 2.5 billion adults globally were overweight, of…
Traders work on the floor of the New York Stock Exchange on July 23, 2025. NYSES&P 500 futures were little changed early Thursday after the White House said that U.S. President Donald Trump will visit the Federal Reserve on Thursday, escalating his pressure campaign against Chairman Jerome Powell.This is the first time in nearly two decades that an American president will be making an official trip to the central bank.Futures tied to the S&P 500 index were flat, while Nasdaq 100 futures were about 0.22% higher. Futures tied to the Dow Jones Industrial Average fell or 0.29%.”Magnificent Seven” megacap stocks Alphabet and Tesla reported…
Tesla car is seen in Krakow, Poland on June 11, 2025.Nurphoto | Nurphoto | Getty ImagesU.S. electric vehicle maker Tesla lost market share in Europe for the sixth straight month in June, according to the European Automobile Manufacturers Association, or ACEA, amid a broader regional dip in new car sales.Data published Thursday by ACEA, an industry lobby group, found that Tesla’s market share in the European Union, Britain and the European Free Trade Association fell to 2.8% in June, from 3.4% last year.Tesla’s new car registrations, meanwhile, declined to 34,781 units in June, down 22.9% from the same month in…
Google CEO Sundar Pichai addresses the crowd during Google’s annual I/O developers conference in Mountain View, California on May 20, 2025. Camille Cohen | Afp | Getty Images Investors can have a reputation of being penny pinchers. For one, they tend to push up share prices on layoff announcements because of the associated cost savings. Accordingly, when a company reports slow revenue growth or an increase in spending, it’s more often than not punished in the stock market.After the bell on Wednesday, Alphabet said it would be spending $85 billion on infrastructure as it expands its artificial intelligence strategy this…
Key PointsPresident Donald Trump’s tariffs on aluminum imports are spurring growth in recycling as consumers try to avoid additional costs from duties.Recycling the metal consumes just 5% of the energy it takes to produce the same amount of primary aluminum through a smelter, making it more environmentally friendly.The strong dynamic could change trade flows, making the U.S. — which largely exports its scrap metal — an importer.U.S. President Donald Trump’s 50% tariffs on aluminum imports are aimed at reviving its factories, but a greener and more profitable boom may be emerging from the nation’s scrap yards. The protectionist trade policy,…
US President Donald Trump delivers remarks at the “Winning the AI Race” AI Summit at the Andrew W. Mellon Auditorium in Washington, DC, on July 23, 2025.Andrew Caballero-Reynolds | AFP | Getty ImagesA trade agreement between the European Union and U.S. could be imminent, however with no guarantees Brussels continues to prepare retaliatory measures.A 15% baseline tariff rate, which includes an around 4.8% duty currently in place, is currently the base-case scenario for EU imports to the U.S., an EU diplomat told CNBC on Wednesday. However, there could also be some exemptions that are still being worked out, they added.The…
