ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSquawk Box EuropeCNBC’s Karen Gilchrist discusses strong second-quarter results for British Airways-owner IAG, and the wider outlook for the travel sector.02:20an hour agoKaren Gilchrist Source link
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Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading. Source link
Another day, another deadline and another trade curveball from U.S. President Donald Trump just before the buzzer.The tariff deadline was set for August 1. Markets were watching. Countries were calculating. And then, right before midnight, came another announcement: 40% tariffs on transshipped goods, new rates for dozens of nations, and yet another reshuffling of Trump’s trade playbook. All set to begin next week.If this feels familiar, it’s because it is.We’ve seen this before. In April, Trump stunned global markets with a blanket 10% tariff hike, followed by a pause, and then a partial reinstatement. The July 9 restart was delayed at the last minute…
Hiring is expected to show a sharp slowdown in July, even as Federal Reserve policymakers insist the labor market is still in solid shape. Nonfarm payrolls likely grew by just 100,000 for the month, according to a Dow Jones consensus estimate. That would be the lowest gain since October 2024. Payrolls rose 147,000 in June and averaged 130,000 a month in the first half of the year. The unemployment rate also is expected to nudge up to 4.2% when the Bureau of Labor Statistics releases the report Friday at 8:30 a.m. ET. If the estimates are correct, it will reinforce…
Nintendo Co. Switch 2 game consoles at a Bic Camera Inc. electronics store in Tokyo, Japan, on Thursday, June 5, 2025. Nintendo Co. fans from Tokyo to Manhattan stood in line for hours to be among the first to get a Switch 2, fueling one of the biggest global gadget debuts since the iPhone launches of yesteryear. Kiyoshi Ota | Bloomberg | Getty ImagesNintendo more than doubled revenue in its fiscal first quarter, as the company logged bumper sales of its Switch 2 console in the first month of release.Sales of Nintendo’s Switch 2 now total 5.82 million units, the…
Key PointsBritain’s top court is poised to deliver a highly anticipated judgment on the country’s multi-billion-pound car finance debacle.The crisis has drawn comparisons to Britain’s Payment Protection Insurance scandal, which was estimated to have cost lenders more than £50 billion ($66.1 billion).Notably, analysts at RBC Capital Markets slashed their estimates for how much the scandal could end up costing lenders.The U.K.’s Supreme Court is poised to deliver a long-awaited judgment on the country’s multi-billion-pound car finance scandal , one which could have major ramifications across the British economy. Britain’s top court is set to hand down its ruling on motor finance…
Swiss government seeks ‘negotiated solution’ to new tariffsSwitzerland is assessing the new situation after it was hit with a new 39% tariff rate under U.S. President Donald Trump’s updated trade regime, the Federal Council said on the X social media platform. “The Federal Council notes with great regret that, despite the progress made in bilateral talks and Switzerland’s very constructive stance from the outset, the US intends to impose unilateral additional tariffs on imports from Switzerland,” it noted.The council added that it remains in contact with Washington and will continue pursuing a “negotiated solution.”— Ruxandra IordacheHow Asian countries have reacted…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailVisitor arrivals to Japan dropped in June, amid a prophecy in a manga, or Japanese comic book, that predicted a “disaster” would strike the country in July 2025. The rumor went viral on social media, sparking an abrupt downturn in arrivals from countries in Eastern and Southeastern Asia. Source link
Daimler Truck falls 4.7% in pre market on key forecast cutDaimler Truck has cut key forecasts, citing market weakness in North America.The German firm now expects full year adjusted profit of between 3.6 and 4.1 billion euros ($4.7 billion), reflecting a drop of as much as 23 percent.The group also lowered is sales volume outlook for the North American market.The stock is down 4.7% in pre market.— Ganesh RaoEuropean stocks set to open lower amid Trump’s tariff rejigGood morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Friday.Futures…
CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions.Portrait of astronaut in space suit and helmet.Nisian Hughes | Stone | Getty ImagesOverview: You’re in or you’re outThere’s an air of ‘been there, done that’ about the Moon these days. Increasingly, the great minds of the space industry seem to be thinking bigger — and, since the start of the year, redder.If you had doubts the Moon’s being eclipsed of late, they might be dismissed by the recent announcement that aerospace group Thales Alenia Space and the…
