Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California. Justin Sullivan | Getty ImagesShares of Adidas fell Wednesday after the German sportswear giant flagged a double-digit million euro hit from U.S. tariffs in the second quarter and warned that current import levies will push up the cost of its U.S. goods.The world’s second-largest sports retailer said that added costs associated with tariffs could total 200 million euros ($231 million) in the second half of this year.Shares were down 9.1% by 8:40 a.m. London time (3:40 a.m. ET).The company also flagged potential risks to consumer demand should…
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Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: Stocks are slightly weaker, with the S & P 500 on track for its first negative session since July 18. Earnings could be the culprit, with negative reactions outweighing the positives. The bigger test comes later in the week when we get the quarters and commentary from several megacap tech stocks including Microsoft , Meta Platforms , Amazon , and Apple . More deals : Several multi-billion-dollar deals have…
The earthquake, which struck early Wednesday, triggered evacuation orders in Hawaii and Japan. Source link
Chinese Vice Premier He Lifeng leaves Lancaster House, on the second day scheduled for trade talks between the U.S. and China, in London, Britain, June 10, 2025. Toby Melville | Reuters The much-anticipated U.S.-China trade talks in Sweden turned out to be a letdown after they concluded Tuesday with no trade truce extension.Why? Any decision would have to be signed off by President Donald Trump, Treasury Secretary Scott Bessent told CNBC.While Bessent told Trump on a call that the meeting with China was “very good,” U.S. tariffs on Chinese goods will “boomerang” back up to their April levels if an…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin and ether fall ahead of the Federal Reserve’s decision on rates. Plus, Kraken’s Thomas Perfumo breaks down the crypto exchange’s new OTC report and what we can expect for major cryptocurrencies in the months to come. And, Dan Dolev of Mizuho explains what stablecoins mean for the future of PayPal’s business now that the GENIUS Act was signed into law in the United States.16:52Tue, Jul 29 20253:38 PM EDT Source link
Tencent shows off its various AI applications based on its Hunyuan model at the World AI Conference in Shanghai on July 26, 2025.CNBC | Evelyn ChengThis report is from this week’s edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.The big storyFrom startups to tech giants, Chinese companies are finding business demand for their artificial intelligence services,…
L’Oreal warns the EU-U.S. trade deal would be costlyL’Oreal missed second-quarter sales forecasts, posting a 2.4% increase, as growth in Europe slowed more than expected. The cosmetics group saw a small rebound in the U.S. and China, which helped to offset weakness in other regions.However, the company said it will push for exemptions from U.S. tariffs, warning the EU-U.S. trade deal would be costly, according to Reuters.— Domi SuskovaSiemens Healthineers beats top line expectationsSiemens Healthineers has topped revenue forecasts for the third quarter, posting 7.6% growth to 5.7 billion euros ($6.6 billion) year on year.The German medical technology group raised the…
This report is from this week’s CNBC’s UK Exchange newsletter by Ian King. Like what you see? You can subscribe here.The dispatchIan Holloway, one of the most eccentric managers in British football, is famous for his idioms and sayings.One of his most celebrated came when, in May 2004, his Queens Park Rangers team had secured promotion to England’s second tier: “They say every dog has his day — and today is Woof Day. Today I just want to bark.”Lately, the FTSE-100, long a dog among equity indices, has been enjoying its very own Woof Day. Britain’s premier stock index is up…
Europe’s defense stocks wobbled at the start of the week, as investors pored over the details — still lacking in some areas — of the framework trade agreement struck by the U.S. and European Union on Sunday. An initial concern was that a commitment by the EU to increase its purchases of U.S. goods, in particular military equipment, could come at the cost of the European defense firms that have staged a massive rally this year on expectations of a regional spending spree . Those include France’s Thales , which fell 4.3% on Monday; Germany’s Renk and Rheinmetall , which…
Group invested assets soared on the back of increases in the lender’s global wealth management and corporate units. Source link
