Here are the opening callsGeneral view of the City of London skyline, the capital’s financial district, in October.Sopa Images | Lightrocket | Getty ImagesWelcome to CNBC’s live blog covering all the action in European financial markets on Wednesday, as well as the latest regional and global business news, data and earnings.Futures data from IG suggests European markets will open higher, with London’s FTSE looking set to open 0.2% higher at 8,804, Germany’s DAX 0.4% higher at 23,803, France’s CAC 40 up 0.5% at 7,702 and Italy’s FTSE MIB up 0.6% at 39,841.The positive start expected in Europe comes as global markets assess the status of trade talks…
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Germany’s defense sector is growing as increasing geopolitical tensions have led to a surge in orders. The value of German military exports hit 13.2 billion euros ($15.5 billion) last year, according to preliminary figures — more than double 2020’s 5.82 billion euros . Defense stocks in the country have skyrocketed over the past year as the government passed a historic fiscal package expected to boost defense and infrastructure spending even further. Shares of Germany’s largest defense company Rheinmetall , for instance, are up more than 260% over the last 12 months, while Hensoldt’s are 168% higher. RHMB-FF .GDAXI 1Y mountain…
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024.CNBC | Evelyn ChengBEIJING — Chinese electric car startup Xpeng is keeping up the sales momentum against its rivals, even as BYD expands on its market dominance amid a fierce price war in China.Xpeng said Tuesday it delivered 34,611 cars in June, its eighth-straight month of delivering more than 30,000 cars.Shares rose more than 2% in New York trading. Xpeng did not specify what portion of the deliveries were for its cars with advanced driver-assist, or for its lower-priced…
Nearly half of Americans don’t have a life insurance policy, according to a new study, with wide disparities based on age, gender, income and race.A report from Western & Southern Financial Group found that just 51% of U.S. adults had any kind of life insurance. Western and Southern Life InsuranceAvailable policiesTerm, whole, universal, indexed/fixed indexed universal, key personOnline quote for term policyPolicy highlightsAlong with term policies, Western and Southern offers a dividend-paying whole life plan, a survivorship indexed universal life policy and a key person policy that can protect small businesses.Of those who are covered, about a quarter (26%) only…
U.S. Federal Reserve Chair Jerome Powell looks on, on the day he testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., June 25, 2025. Kevin Mohatt | ReutersIt’s the what-could-have-beens that hurt the most. The childhood sweetheart who moved to a different country. The early opportunity to invest in a company designing graphics chips for games. The lower interest rates if not for tariffs.On Tuesday, U.S. Federal Reserve Chair Jerome Powell confirmed that tariffs — and, specifically, their unexpectedly large “size” —…
An aerial view of Valley Health Hampshire Memorial Hospital on June 17, 2025 in Romney, W.V. Ricky Carioti | The Washington Post | Getty ImagesPresident Donald Trump’s “big beautiful bill” would make sweeping changes to U.S. health care, leaving millions of vulnerable Americans without health insurance and threatening the hospitals and centers that provide care to them. The Senate on Tuesday voted 51-50 to pass the spending measure after a marathon overnight voting session on amendments. But the bill will face another major test in the House, where Republicans have a razor-thin majority and some members have already raised objections to…
Thai Prime Minister Paetongtarn Shinawatra watches Ice Hockey – Men’s Preliminary Round – Group A match between China and Thailand on day 1 of the 9th Asian Winter Games Harbin 2025 at Harbin Ice Hockey Arena on February 7, 2025 in Harbin, Heilongjiang Province of China. Vcg | Visual China Group | Getty ImagesThailand’s Constitutional Court on Tuesday suspended Prime Minister Paetongtarn Shinawatra from duty pending a case seeking her dismissal, in a major setback for a government under fire on multiple fronts and fighting for its survival.The court accepted a petition from 36 senators accusing Paetongtarn of dishonesty and breaching ethical standards, based on a leak of a sensitive telephone call with Cambodia’s influential former leader Hun Sen that…
The ‘Fast Money’ traders talk the market rotation out of Big Tech. Source link
U.S. President Donald Trump speaks to reporters aboard Air Force One en route to Joint Base Andrews, Maryland, after touring a temporary migrant detention center informally known as “Alligator Alcatraz” in Ochopee, Florida, U.S., July 1, 2025. Evelyn Hockstein | ReutersPresident Donald Trump said Tuesday that Israel has agreed on terms for a 60-day ceasefire in Gaza and warned Hamas to accept the deal before conditions worsen.Trump announced the development as he prepares to host Israeli Prime Minister Benjamin Netanyahu for talks at the White House on Monday. The U.S. leader has been increasing pressure on the Israeli government and…
A person walks past a sign of the Brown University, in Providence, Rhode Island, U.S., March 17, 2025. Brian Snyder | ReutersThe House Judiciary Committee issued subpoenas Tuesday to Brown University and the University of Pennsylvania, demanding additional documents from the schools as part of an ongoing probe into alleged antitrust violations in Ivy League tuition and financial aid policies.The two subpoenas mirrored one that was issued by the committee last week to Harvard University.Brown, Penn and Harvard are among a group of eight Ivy League universities that all received letters from the committee In April, demanding a huge tranche of…
