[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump on Thursday is signing three congressional resolutions that target California’s statewide efforts to adopt electric vehicles and phase out diesel engines and the sale of gas-powered cars.General Motors and Toyota had lobbied against California’s rules.Subscribe to CNBC on YouTube. Source link
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LONDON, UNITED KINGDOM – MARCH 26, 2025: Britain’s Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street ahead of the announcement of the Spring Statement in the House of Commons in London, United Kingdom on March 26, 2025. (Photo credit should read Wiktor Szymanowicz/Future Publishing via Getty Images)Wiktor Szymanowicz | Future Publishing | Getty ImagesBritain’s government is planning to ramp up public spending — but market watchers warn the proposals risk sending jitters through the bond market further inflating the country’s $143 billion-a-year interest payments.U.K. Finance Minister Rachel Reeves on Wednesday announced the government would inject billions of pounds…
Goldman Sachs has “proven DNA to adapt to an ever-changing world,” according to Bank of America. The firm reiterated a buy rating on the investment bank on Wednesday, alongside a $700 per share price target, which represents 12% upside from Wednesday’s $624.17 close. Analyst Ebrahim Poonawala said Goldman has a storied history of navigating turbulent periods. He cited the Paul Volcker-led Federal Reserve era and the 2008 financial crisis as examples, saying these times demonstrated “a strong combination of scale and flexibility.” Poonawala said he expects continued strength in Goldman’s trading revenue, which was a highlight of the company’s most…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.Each weekday, CNBC’s “Inside India” news show gives you news and market commentary on the emerging powerhouse businesses, and the people behind its rise. Livestream the show on YouTube and catch highlights here. SHOWTIMES:U.S.: Sunday-Thursday, 23:00-0000 ETAsia: Monday-Friday, 11:00-12:00 SIN/HK, 08:30-09:30 India Europe: Monday-Friday, 0500-06:00 CETThe big storyIt’s been a packed week for news, but one story that really stood out was Shein’s India pivot.You’ve probably heard…
Check out the companies making the biggest moves in premarket trading: Boeing –The airplane maker lost 7.5% following the crash of an Air India Boeing Dreamliner Thursday. The plane, carrying 242 passengers and crew, crashed shortly after takeoff from Ahmedabad, India. The cause of the crash is not immediately clear. Shares of jet engine maker GE Aerospace shed 4.6%. Oracle — The cloud computing stock surged nearly 9% after fourth-quarter earnings and revenue beat analyst estimates. Adjusted earnings of $1.70 per share topped the $1.64 a share expected by analysts polled by LSEG. Revenue was $15.9 billion versus the $15.6…
My top 10 things to watch Thursday, June 12 1. We’re on pace for a lower open this morning as investors take in President Donald Trump’s latest tariff threats and the latest economic data. The dollar index dropped about 1%. The S & P 500 snapped a three-session win streak yesterday. 2. The producer price index for May came in cooler than expected, up 0.1% month over month versus the 0.2% estimate. Initial jobless claims were roughly in line at 248,000 on a seasonally adjusted basis. Continuing jobless claims of 1.96 million are at the highest level since November 2021.…
From about the 1960s to the mid-1980s, the United States was a leader in uranium mining. But domestic production of the mineral, which is primarily used as fuel for nuclear reactors, has since fallen off a cliff. “A lot of this was because it was a government priority. And we strategically used government funding and subsidies to support it. However, what kind of started happening during the 90s is we saw a de-prioritization away from uranium,” said Gracelin Baskaran, director of the Critical Minerals Security Program at the Center for Strategic and International Studies. Several high-profile nuclear accidents, including the…
A Gamestop store is seen in Union Square on April 4, 2025 in New York City. Michael M. Santiago | Getty ImagesGameStop shares slid on Thursday after the video game retailer and meme stock announced plans for a $1.75 billion convertible notes offering to potentially fund its new bitcoin purchase strategy.The company said it intends to use the net proceeds from the offering for general corporate purposes, “including making investments in a manner consistent with GameStop’s Investment Policy and potential acquisitions.”Part of the investment policy is to add cryptocurrencies on its balance sheet. Last month, GameStop bought 4,710 bitcoins, worth more than half…
Facebook CEO Mark Zuckerberg departs E. Barrett Prettyman United States Court House on April 14, 2025 in Washington, DC. Andrew Harnik | Getty ImagesMeta is suing a company that ran ads on its services to promote an app that lets people create nonconsensual, sexualized images of others using AI technology, the social media company said Thursday. The lawsuit is against Joy Timeline HK Ltd., which develops the app called CrushAI and its variants. The Hong Kong-based company ran ads on Facebook and Instagram to promote CrushAI, an app that uses artificial intelligence to take a photo of someone and create nude…
This combination of pictures created on April 09, 2025 shows US Middle East envoy Steve Witkoff after a meeting with Russian officials at Diriyah Palace, in Riyadh, Saudi Arabia, on February 18, 2025 (L); and Iran’s Foreign Minister Abbas Araghchi speaking to AFP during an interview at the Iranian consulate in Jeddah on March 7, 2025.Evelyn Hockstein | Amer Hilabi | AFP | Getty ImagesDUBAI, United Arab Emirates — Oil prices spiked overnight on geopolitical concerns, as U.S. President Donald Trump struck a sharply more negative tone over the progress of nuclear talks with Iran and announced the withdrawal of…
