Here are the opening callsLONDON, ENGLAND – MARCH 24: A red London double decker bus and a UPS delivery van pass across Waterloo Bridge in front of St. Paul’s Cathedral on March 24, 2025 in London, United Kingdom. (Photo by John Keeble/Getty Images)John Keeble | Getty Images News | Getty ImagesGood morning from London! This is CNBC’s live blog covering all the action in European financial markets as the new trading week begins.Futures data from IG suggests London’s FTSE will open 7 points higher at 8,836, Germany’s DAX up 3 points at 24,296, France’s CAC 40 up 5 points at 7,801 and Italy’s FTSE MIB 13 points…
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The JISU FORTUNE ship carries over 5,000 vehicles at Taicang Port and makes its maiden voyage to European countries such as the Netherlands and Belgium in Suzhou City, Jiangsu Province, China, on May 22, 2025. Costfoto | Nurphoto | Getty ImagesChina’s exports growth missed expectations in May, despite a temporary trade truce with the U.S. that prompted businesses to frontload shipments and capitalize on the 90-day pause on steep duties.Exports rose 4.8% last month in U.S. dollar terms from a year earlier, customs data showed Monday, shy of Reuters’ poll estimates of a 5% jump.Imports plunged 3.4% in May from…
What exactly were we thinking starting a trade war without having this rare earth elements issue all buttoned up and ready to go? How did we get so far along in this contest of wills when we hadn’t invested the money to explore rare earth material refining and production in this country? The group of 17 minerals known as rare earths are used to make smartphones, tablets, speakers, touch screens, wind turbines, solar panels, robotics, advanced manufacturing, semiconductors, lasers, electric vehicles, and, yes, the F-35 fighter jet, which uses a huge amount of rare earth minerals. Given all that, shouldn’t…
A woman takes pictures with a Labubu doll at a Pop Mart store in Shanghai, China, on June 5, 2025.Ying Tang | Nurphoto | Getty ImagesChina’s consumer prices fell for a fourth consecutive month in May, as Beijing’s stimulus measures appear insufficient to boost domestic consumption, with price wars in the auto sector adding to downward pressure.The consumer price index fell 0.1% from a year earlier, according to data from the National Bureau of Statistics released Monday, compared with the median estimate for a 0.2% decline among analysts polled by Reuters.The CPI slipped into negative territory in February, falling 0.7%…
China ShenzhenReal444 | E+ | Getty ImagesAsian markets climbed Monday as investors awaited trade talks between Washington and Beijing later in the day, with focus also on key China data.Trade tensions are seemingly easing between the world’s top two economies as China has reportedly granted temporary approvals for the export of rare earths, while jetliner Boeing Co has begun commercial jet deliveries to the Asian superpower.China is slated to release a slew of data, including its consumer and wholesale inflation readings for May. Economists polled by Reuters expect consumer prices to have fallen by 0.2% year on year, while PPI…
FILE PHOTO: An international traveler arrives after U.S. President Donald Trump’s executive order travel ban at Logan Airport in Boston, Massachusetts, U.S. January 30, 2017. REUTERS/Brian Snyder/File PhotoBrian Snyder | ReutersPresident Donald Trump’s new ban on travel to the U.S. by citizens from 12 mainly African and Middle Eastern countries is set to take effect Monday amid escalating tension over the president’s unprecedented campaign of immigration enforcement.The new proclamation, which Trump signed on Wednesday, applies to citizens of Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. It also imposes heightened restrictions…
Sam Altman’s identity verification venture World is launching its eye-scanning Orb product in the U.K.WorldLONDON — World, the biometric identity verification project co-founded by OpenAI CEO Sam Altman, is set to launch in the U.K. this week.The venture, which uses a spherical eye-scanning device called the Orb to scan people’s eyes, will become available in London from Thursday and is planning to roll out to several other major U.K. cities — including Manchester, Birmingham, Cardiff, Belfast, and Glasgow — in the coming months.The project aims to authenticate the identity of humans with its Orb device and prevent the fraudulent abuse…
U.S. equity futures were mostly flat on Sunday evening with the S&P 500 trading near a record high and a busy week of potential market-moving news ahead.S&P 500 futures dipped about 0.1%. Nasdaq 100 futures drifted lower by 0.2%, while futures tied to the Dow Jones Industrial Average ticked down 45 points, or 0.1%.The move in futures comes after all three of the major indexes notched their second-straight winning week. The S&P 500 closed above the 6,000 level for the first time since Feb. 21, and is now less than 3% away from its record closing high.Chris Verrone, chief market…
Spain’s Carlos Alcaraz celebrates after winning the men’s singles final against Italy’s Jannik Sinner at the French Open.Stephanie Lecocq | ReutersCarlos Alcaraz rallied from two sets down and saved three match points to beat Jannik Sinner 4-6, 6-7 (4), 6-4, 7-6 (3), 7-6 (10-2) on Sunday and retain his French Open title for a second straight year.Alcaraz, who won his fifth Grand Slam tournament in as many finals, produced one of the greatest comebacks in the history of the clay-court tournament.It was the first time that Sinner had lost a Grand Slam final.It was also the longest-ever French Open final…
Carol Yepes | Moment | Getty ImagesFor many students and their families, federal student aid is key for college access.And yet, the Trump administration’s budget proposal for fiscal year 2026 calls for significant cuts to higher education funding, including reducing the maximum federal Pell Grant award to $5,710 a year from $7,395, as well as scaling back the federal work-study program. The proposed cuts would help pay for the landmark tax and spending bill Republicans in the U.S. Congress hope to enact.Roughly 40% of undergraduate students rely on Pell Grants, a type of federal aid available to low-income families who demonstrate financial need…
