The floor of the New York Stock Exchange on July 28, 2025.Spencer Platt | Getty Images News | Getty Images Stock markets in the U.S. and Europe didn’t seem that delighted with the U.S.-European Union trade deal reached over the weekend.The S&P 500 ticked up, but by the barest margin, while the Stoxx Europe 600 fell. Both indexes were trading higher during their respective sessions but had given up those gains as the day ended.For those on the continent, perhaps there was a dawning realization that the agreement wasn’t too much in their favor. German Chancellor Friedrich Merz said he would…
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A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025. Eva Marie Uzcategui | Bloomberg | Getty ImagesAuto giant Stellantis on Tuesday reinstated its financial guidance and touted a gradual recovery over the coming months.Stellantis, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, reported a first-half net loss of 2.3 billion euros ($2.65 billion), compared to a net profit of 5.6 billion euros over the same period in 2024.The multinational conglomerate had flagged the first-half loss in a surprise trading update last…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, PayPal announced it’s launching a service that lets U.S. merchants accept over 100 cryptocurrencies for payments. Plus, Joe Lubin, a co-founder of Ethereum, discusses the latest on his crypto treasury company SharpLink Gaming and whether we could see the blockchain firm he founded, Consensys, hit U.S. public markets.12:40Mon, Jul 28 20253:10 PM EDT Source link
AstraZeneca posts better-than-expected second quarter resultsA view of the AstraZeneca office in Mölndal, Sweden, on September 12, 2024.Nurphoto | Getty ImagesAstraZeneca on Tuesday posted better-than-expected second quarter earnings, driven by demand for key cancers and biopharmaceutical products, and reiterated its commitment to expanding the business in the U.S.The Anglo-Swedish pharma firm posted revenues of $14.46 billion over the three-month period to June 30, ahead of the $14.07 billion estimated by analysts in an LSEG poll.Quarterly adjusted core operating profit came in at $4.58 billion versus $4.48 billion anticipated.The FTSE 100 company maintained its full-year forecast for revenues to rise by…
One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021. Bloomberg | Bloomberg | Getty ImagesBritish bank Barclays on Tuesday beat profit expectations and announced a £1 billion ($1.33 billion) share buyback as market volatility boosted investment banking revenues.Pre-tax profit beat estimates at £2.5 billion ($3.34 billion) in the second quarter, compared with a mean LSEG forecast of £2.23 billion. Group revenues met analyst projections of £7.2 billion.Other highlights:Return on Tangible Equity hit 13.2% in the first half, versus 14% in the first quarter.CET1 capital ratio, a measure of bank solvency, was…
U.S. President Donald Trump talks to the media as he meets with British Prime Minister Keir Starmer (not pictured) at Trump Turnberry golf club on July 28, 2025 in Turnberry, Scotland. Christopher Furlong | Getty ImagesU.S. tariffs on incoming goods look to be settling in only slightly less than what President Donald Trump had threatened in April, but the difference has been enough to ease some of Wall Street’s worst recession fears.With the U.S.-European Union trade deal over the weekend, it now appears that the effective tariff rate, or the net impact aside from the nominal level, will end up…
Workers assemble smartphones at Dixon Technologies’ Padget Electronics Pvt factory in Uttar Pradesh, India, on Jan. 28, 2021.Bloomberg | Bloomberg | Getty ImagesIndia has overtaken China to become the top exporter of smartphones to the U.S., according to research firm Canalys, reflecting the shift in manufacturing supply chain away from Beijing amid tariff-fueled uncertainty.Smartphones assembled in India accounted for 44% of U.S. imports of those devices in the second quarter, a significant increase from just 13% in the same period last year. Total volume of smartphones made in India soared 240% from a year earlier, Canalys said.In contrast, the share…
Data storage tapes are stored at the National Energy Research Scientific Computing Center (NERSC) facility at the Lawrence Berkeley National Laboratory, which will house the U.S. supercomputer to be powered by Nvidia’s forthcoming Vera Rubin chips, in Berkeley, California, U.S. May 29, 2025. Manuel Orbegozo | ReutersEurope is setting its sights on gigawatt factories in a bid to bolster its lagging artificial intelligence industry and meet the challenges of a rapidly-changing sector.Buzz around the concept of factories that industrialize manufacturing AI has gained ground in recent months, particularly as Nvidia CEO Jensen Huang stressed the importance of the infrastructure at…
Nvidia placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week.Chesnot | Getty ImagesNvidia placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week, two sources said, with one of them adding that strong Chinese demand had led the U.S. firm to change its mind about just relying on its existing stockpile.The Trump administration this month allowed Nvidia to resume sales of H20 graphics processing units (GPUs) to China, reversing an effective ban imposed in April designed to keep advanced AI chips out of Chinese hands due to national security concerns.Nvidia developed the H20 specifically for the Chinese market after U.S. export restrictions on its other AI chipsets were imposed in late 2023. The H20 does not have as much computing power as Nvidia’s H100 or…
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.If you need fast access to a new credit card to finance an emergency expense or other large purchase, you can’t wait 10 business days for it to arrive in the mail. Thankfully, some cards give you instant access, which allows you to complete purchases immediately after approval.Below, CNBC Select lists credit cards that offer instant access or the option to pay with the card before you receive the physical card in the mail, including some alternative options to consider if your credit score needs work.Credit cards you can use…
