This report is from this week’s edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Like what you see? You can subscribe here.A parent walks down the street with his grandchildren in his arms in Hangzhou, China, on January 17, 2025. Costfoto | Nurphoto | Getty Images Hello, I am Anniek Bao, a Singapore-based reporter writing about China’s economy and business, filling in for Evelyn this week. Welcome to another edition of The China Connection.This week, I look at how businesses eyeing China’s $644 billion baby-care market are meeting a…
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President Donald Trump threatened Tuesday to have the federal government take control of Washington, D.C., after an assault on a well-known original staffer for the Department of Government Efficiency in the nation’s capital over the weekend.Edward Coristine, also known by his online name, “Big Balls,” and a woman characterized in a police report as his significant other were the victims of an unarmed attempted carjacking early Sunday.Washington Metropolitan Police on Tuesday announced the arrests of two 15-year-old suspects from Maryland.In a social media post that did not mention Coristine by name, Trump described crime in Washington as being “totally out of control.””Local…
Boxes of Ozempic and Wegovy made by Novo Nordisk at a pharmacy in London on March 8, 2024.Hollie Adams | ReutersNovo Nordisk on Wednesday posted second-quarter sales broadly in line with expectations, after last week cutting its full-year guidance and announcing its new CEO.Overall revenues rose 13% year-on-year at constant exchange rates to 76.86 billion Danish kroner ($11.92 billion) over the period, just ahead of the 76.6 billion Danish kroner forecast.Quarterly net profit came in at 26.5 billion Danish kroner, versus 26.6 billion Danish kroner analysts expected.This is a developing story. Please check back for updates. Source link
A water tower stands at Walt Disney Studios on June 3, 2025 in Burbank, California.Mario Tama | Getty ImagesDisney reports its fiscal third-quarter earnings before the bell on Wednesday, and Wall Street will be looking for updates on the state of its streaming, TV and movies businesses, as well as its theme parks.Here is what Wall Street expects Disney to report on Wednesday, according to LSEGEarnings per share: $1.47 expectedRevenue: $23.73 billion expectedOnce again, the streaming business will be in focus.Investors are anticipating further updates on the company’s ESPN direct-to-consumer streaming service. ESPN has said it will launch the app this fall,…
U.S. President Donald Trump meets with Syrian President Ahmed al-Sharaa in Riyadh, Saudi Arabia, in this handout released on May 14, 2025. Saudi Press Agency | Via ReutersIn May, speaking to a rapt crowd in the Ritz-Carlton Riyadh, U.S. President Donald Trump stunned listeners by announcing he would be ordering the full lifting of U.S. sanctions on Syria, many of which had been in place for decades.”Now, it’s their time to shine … Good luck Syria,” Trump said.Less than three months later, the Trump administration hit Syria with the highest tariff rate of any country in the world: 41%.Syria has…
This report is from this week’s CNBC’s UK Exchange newsletter with Ian King. Like what you see? You can subscribe here.The dispatchIt has already been a gripping cricketing summer in England.A fiercely fought series of five Test matches with India — global cricket’s financial powerhouse — came to an end earlier this week in what will likely go down as one of the greatest set of games ever played.A quick aside. Cricket has many forms. The longest is known as Test Match and can last up to five days — and still potentially end in a tie. Then there is the…
Here are the opening callsPeople take in the view of London from the top of a skyscraper on July 15, 2025.Carlos Jasso | Afp | Getty ImagesGood morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Wednesday.Futures data from IG suggests a broadly positive open for European indexes, with London’s FTSE 100 seen opening 0.35% higher, France’s CAC 40 and Germany’s DAX up 0.25%, and Italy’s FTSE MIB 0.34% higher.Global markets will be keeping an eye on the tariff landscape the rest of this week after U.S. President Donald Trump signaled…
A corporate logo for McDonald’s hangs above the door of a restaurant on Broadway in New York City on June 11, 2025.Gary Hershorn | Corbis News | Getty ImagesMcDonald’s is expected to report its second-quarter earnings before the bell on Wednesday.Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report:Earnings per share: $3.15 expectedRevenue: $6.7 billion expectedLast quarter, McDonald’s U.S. restaurants posted their steepest same-store sales decline since the onset of the Covid-19 pandemic. Executives blamed a drop in low- and middle-income diners, who have been feeling more pressure on their wallets this year.But thanks to…
Women (silhouetted) walk past Reserve Bank of India (RBI) logo displayed at Global Fintech Fest exhibition in Mumbai.Sopa Images | Lightrocket | Getty ImagesIndia’s central bank kept its policy rate steady at 5.5% Wednesday in the face of rising tariff threats from U.S. President Donald Trump.The move was in line with expectations from economists polled by Reuters, and comes after the Reserve Bank of India delivered an outsized cut of 50 basis points at its last meeting in June.During its last meeting, RBI Governor Sanjay Malhotra said that given the 50-basis-point cut, there was limited room for monetary policy to…
Beau Lark | Corbis | VCG | Getty ImagesPresident Donald Trump’s “big beautiful bill” enacted trillions in tax breaks that could benefit wealthy Americans — but some will see a smaller deduction for charitable gifts starting in 2026, experts say. When you itemize tax breaks, you can claim the charitable deduction, depending on earnings and type of asset given. But Trump’s spending package added two key changes for itemizers.Starting in 2026, there will be an itemized charitable deduction “floor,” which only allows the tax break once it exceeds 0.5% of your adjusted gross income. The new legislation also caps the benefit…
