A line of cars on a car assembly line at the Vauxhall car factory in Ellesmere Port, Wirral, U.K.Colin Mcpherson | Corbis News | Getty ImagesThis report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchFew things have captured the British public’s imagination more this century than compensation.The U.K. never used to have a compensation culture, but things began to change when, in June 1995, solicitors were allowed to charge on a “no-win, no-fee” basis for the first time.The thinking was that, with the courts really only open to the very rich or…
Author: usaeverydaylife
Dutch semiconductor equipment giant ASML on Wednesday looked to calm concerns over 2026 growth as it warned that it expects a “significant” sales decline in China.The firm said it does not expect 2026 total net sales to be below 2025 and warned that it expects customer demand and sales in China to decline significantly next year compared to 2024 and 2025.Guidance was key for the firm after shares sank in July when it warned that it could not confirm growth in 2026 due to increasing macro-economic and geopolitical uncertainty.Here’s how ASML did versus LSEG consensus estimates for the third quarter:Net…
Chinese companies have pulled back from listing in the U.S. this year in a clear pivot to Hong Kong amid rising tensions between Beijing and Washington, and higher regulatory thresholds in New York. Chinese initial public offerings in the U.S. have slumped 4% year-on-year in terms of deal value so far this year, raising just $875.7 million from 23 deals. That’s down 93% from the $13 billion across 39 listings during the same period in 2021, according to data provider Dealogic. In 2021, Chinese IPOs in the U.S. were on track hit a record high, before Beijing moved to intensify…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves : It’s been a volatile day on Wall Street. The S & P 500 wiped out earlier losses of roughly 1.5% on Tuesday and turned modestly higher in late afternoon trading. Initial worries about renewed U.S.-China trade tensions sank the market after Monday’s strong snap-back rally from Friday’s tariff-driven rout. The Nasdaq on Tuesday remained stubbornly in the red as tech struggled. It was the only one of the…
An inflation pattern is forming in the consumer price charts in the same way it did in the 1970s, a potentially troubling indicator for the financial markets. Investors should take a look at the shape of the Federal Reserve’s preferred inflation gauge today versus how it looked in the days of Presidents Nixon, Ford and Carter, according to Peter Corey, chief market strategist at Pave Finance. The core personal consumption expenditures price index, which excludes volatile food and energy prices, is currently chopping around 3%. After spiking toward 5.5% in the early days of the pandemic, it has thus far…
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty ImagesAdult ChatGPT users can soon access a less censored version of the artificial intelligence chatbot, which will include erotic materials, OpenAI CEO Sam Altman has announced in an apparent policy shift.”In December, as we roll out age-gating more fully and as part of our ‘treat adult users like adults’ principle, we will allow even more, like erotica for verified adults,” Altman said in a social media post…
Newly-elected leader of Japan’s Liberal Democratic Party (LDP) Sanae Takaichi shakes hands with Prime Minister Shigeru Ishiba after winning the LDP leadership election in Tokyo, Japan, on Oct. 04, 2025.Anadolu | Anadolu | Getty ImagesUnder normal circumstances in Japan, the leader of the governing party would be the prime minister, particularly between election cycles.But these are not normal times in Tokyo, with outgoing Prime Minister Shigeru Ishiba staying on in a caretaker role after resigning on Sept. 7.Sanae Takaichi, the current president of Japan’s ruling Liberal Democratic Party and the woman poised to become the country’s first female prime minister,…
Pedestrians pass a Huawei Technologies Co. flagship store in Shenzhen, China, on Wednesday, Oct. 8, 2025. Qilai Shen | Bloomberg | Getty ImagesChina’s consumer prices fell more than expected in September, while the deflation in producer prices persisted, underscoring the impact of sluggish domestic demand and trade worries on consumer and business sentiment.The consumer price index fell 0.3% in September from a year earlier, National Bureau of Statistics data showed on Wednesday, a sharper decline than economists’ forecast of a 0.2% slide. Prices ticked up 0.1% month-on-month.Core CPI, which strips out volatile food and energy prices, rose 1.0% from a…
U.S. President Donald Trump and Iraqi Prime Minister Mohammed Shia al-Sudani gesture as they pose for a photo, at a world leaders’ summit on ending the Gaza war on Oct. 13, 2025 in Sharm El-Sheikh, Egypt. Pool | Getty Images News | Getty ImagesBAGHDAD — Iraq’s Prime Minister Mohammed Shia Al-Sudani said he hopes to end the country’s $4 billion reliance on Iranian gas by 2028, in an effort to diversify the major oil-producer’s economy.Decades of mismanagement, underinvestment and corruption have strained the power grid of Iraq, which is OPEC’s second-largest oil producer after Saudi Arabia.Gas from Tehran fuels nearly…
U.S. President Donald Trump speaks during a ceremony to posthumously award the Medal of Freedom to Charlie Kirk, in the Rose Garden patio at the White House in Washington, D.C., U.S., Oct. 14, 2025. Kevin Lamarque | Reuters U.S. stocks had a rocky day of trading, swinging from highs and lows like the quality of Game of Thrones across its eight seasons. At its lowest during the session, the S&P 500 fell as much as 1.5%, but picked up and traded positive for most of the day after U.S. Trade Representative Jamieson Greer gave an indication that China’s next trade…
