Shoppers buy fresh vegetables, fruit, and herbs at an outdoor produce market under green-striped canopies in Regensburg, Upper Palatinate, Bavaria, Germany, on April 19, 2025.Michael Nguyen/NurPhoto via Getty ImagesEuro zone inflation fell below the European Central Bank’s 2% target in May, hitting a cooler-than-expected 1.9% as the services print eased sharply, flash data from statistics agency Eurostat showed Tuesday.Economists polled by Reuters had expected the May reading to come in at 2%, compared to the previous month’s 2.2% figure.The closely watched services inflation print cooled sharply, amounting to 3.2% last month, compared to the previous 4% reading. So-called core inflation,…
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In the coming weeks, the U.S. Senate is expected to consider, amend and eventually vote on President Donald Trump’s budget agenda, called the “One Big Beautiful Bill Act.” The House passed the bill on May 22 by a single vote. The massive bill includes a variety of provisions aiming to cut government spending and raise revenue to address the federal deficit. Major provisions include making Trump’s 2017 tax policy permanent where it would otherwise expire at the end of the year and cutting Medicaid benefits.Efforts to reform the federal student loan program are also included within the bill’s 1,000-plus pages. The…
The Netherlands far-right PVV Freedom Party leader Geert Wilders speaks to the media representatives following the European Parliament elections provisional results in The Hague on June 6, 2024. Emiel Muijderman | Afp | Getty ImagesThe Dutch government collapsed on Tuesday after disagreements over immigration proposals led to far-right leader Geert Wilders withdrawing his party from the ruling coalition.Wilders said in a CNBC-translated post on the X social media platform that his Party for Freedom (PVV) party would be departing over the alliance’s lack of support for their asylum proposals.The PVV won a landslide victory in the Netherlands’ general election in 2023,…
After several years of deep distress, the beleaguered U.S. office market has reached an inflection point. This year, office conversions and demolitions will exceed new construction for the first time in at least 25 years.Simply put, more office space is being removed than added, shrinking the overall office footprint, according to exclusive new data from CBRE Group. The commercial real estate services firm has been tracking this since 2018, but estimates it may be the first time such a dynamic has played out this century, and likely longer.CBRE found that across the largest 58 U.S. markets, 23.3 million square feet…
Old Navy and Gap retail stores are seen as people walk through Times Square in New York City on April 9, 2025.Angela Weiss | Afp | Getty ImagesEconomic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump’s tariff turmoil weighs on expectations.The U.S. growth outlook was downwardly revised to just 1.6% this year and 1.5% in 2026. In March, the OECD was still expecting a 2.2% expansion in 2025.The fallout from Trump’s tariff policy, elevated economic policy uncertainty, a slowdown of net immigration and a smaller federal…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailRajeev Menon, APEC President of Marriott International, says India is a cornerstone of the company’s global strategy. They plan to double their presence in the country by next year, expanding into 90 cities. The company sees strong potential in India’s rising middle class, secondary and tertiary cities, and growing religious and business travel. It is also leveraging AI to boost operational efficiency and expects robust demand heading into the summer travel season. Source link
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025.Hamad I Mohammed | Reuters In his first week away from the U.S. government’s so-called Department of Government Efficiency, Elon Musk is seeing positive activity in his companies. His brain tech startup Neuralink announced a $650 million funding round, while his electric vehicle manufacturer Tesla in May enjoyed a 213% year-on-year jump in sales in Norway.Granted, Tesla’s encouraging numbers in Norway are an outlier amid a plunge in Europe sales. And the causal link between those rosy developments and Musk’s departure from DOGE is tenuous. Starlink’s…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin hovers around the $104,000 level to start the first week of June. Plus, eToro US head Andrew McCormick sits down with CNBC’s Talia Kaplan at Bitcoin 2025 to discuss what’s next after the company’s recent U.S. IPO. And, SEC Commissioner Hester Peirce breaks down the agency’s latest pro-crypto moves.18:52Mon, Jun 2 20253:23 PM EDT Source link
Here are the opening callsLondon was the No. 2 most-visited city in the world for 2023, according to Euromonitor International.Karl Hendon | Moment | Getty ImagesGood morning from London and welcome to CNBC’s live blog covering all the action in European financial markets, as well as business news, analysis, earnings and data.Futures data from IG on Tuesday morning suggests London’s FTSE will open 6 points higher at 8,787, Germany’s DAX 42 points higher at 23,984, France’s CAC 40 up 6 points at 7,741 and Italy’s FTSE MIB up 106 points at 40,073.The specter of U.S. tariffs has returned to the…
A woman travelling hands her travel documents to a TSA officer at Los Angeles International Airport on May 7, 2025. Frederic J. Brown | AFP | Getty ImagesA federal judge on Monday said the administration of President Donald Trump likely broke the law by stripping 50,000 transportation security officers of the ability to unionize and bargain over their working conditions.U.S. District Judge Marsha Pechman in Seattle, Washington, blocked the U.S. Department of Homeland Security from canceling a union contract covering TSA officers pending the outcome of a lawsuit by four unions challenging the move.The lawsuit claims the Trump administration ended…
