Britain’s Prime Minister Keir Starmer (C), Britain’s Defence Secretary John Healey (2nd R) and managing director of BAE Systems’ naval ships business Simon Lister (R) visit the BAE Systems’Govan facility, in Glasgow, on June 2, 2025. Britain announced it will build 12 new attack submarines as it unveiled a major defense review to deal with “growing” Russian aggression and the changing nature of warfare. Andy Buchanan | Afp | Getty ImagesBritish Prime Minister Keir Starmer announced an overhaul of the U.K.’s defense spending on Monday, warning Britain it faces “war in Europe.””We are moving to war-fighting readiness,” Starmer said as…
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“It’s become quite emotive,” one market watcher told CNBC. “Nobody wants to invest in an environment where the government might change its mind overnight.” Source link
RBC Capital Markets thinks shares of Church & Dwight could see a rebound as tariff and consumer woes appear to have eased in recent weeks. The company also has a new growth engine with its recent acquisition, according to the firm. Analyst Nik Modi upgraded the consumer products company to outperform from sector perform and lifted his price target by $14 to $114. His new target suggests that the stock can jump about 16% from its latest close. Church & Dwight, which owns brands including Arm & Hammer and Nair, declined 7% on May 1 after the company issued lackluster…
Mid-morning market movesThe mood in equities remains downbeat in Europe, with the regional Stoxx 600 index 0.25% lower at 10:30 a.m. U.K. time as investors eye the potential for escalating U.S.-EU tariffs. Autos stocks on the index are down 1.75%, technology stocks are down 1.2% and household goods are down 1%.Oil and gas stocks remain on the rise, moving in tandem with higher crude prices after OPEC+ announced a supply hike rate lower than some analysts expected.The Stoxx aerospace and defense index is 0.45% higher. Germany’s Hensoldt has jumped 11.6% after analysts at JPMorgan upgraded the stock to overweight from…
Vera Livchak | Moment | Getty ImagesAs the Senate debates President Donald Trump’s multi-trillion-dollar tax and spending package, there could be changes to the child tax credit, policy experts say.If enacted as drafted, the House-approved bill would make permanent the maximum $2,000 credit passed via Trump’s 2017 tax cuts — which could otherwise revert to $1,000 after 2025 without action from Congress.The highest credit would also rise to $2,500 from 2025 to 2028. After that, the credit’s top value would revert to $2,000 and be indexed for inflation.But the Senate could have different plans, and negotiations will be “really interesting to…
Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, poses for a photo after receiving a symbolic ticket for the ”Lee Jae-myung Train” from lawmaker Jang Kyung-tae during a campaign rally at Yongsan Station Plaza in Seoul, South Korea, on May 19, 2025. (Photo by Chris Jung/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesSouth Korea’s opposition party leader Lee Jae Myung is projected to win the country’s snap presidential election on Wednesday, according to a Gallup poll cited by Yonhap.An electoral win for the Democratic Party candidate would set him up to be the country’s next leader…
Stellantis-backed Leapmotor delivered a record 45,067 vehicles in May, reflecting year-on-year growth of 148%.Cfoto | Future Publishing | Getty ImagesChinese electric carmakers Leapmotor and Aito reported record high deliveries in May, while other startups struggle to catch up as the price war intensifies.Stellantis-backed Leapmotor delivered a record 45,067 vehicles in May, reflecting year-on-year growth of 148%. On May 15, the automaker launched an updated version of its C10 model, a mid-sized SUV, that retailed from 122,800 yuan ($17,045). Leapmotor said over 13,000 units of the C10 were delivered in May.And on Sunday, Seres-backed Aito announced on social media that it…
U.S. President Donald Trump delivers remarks at U.S. Steel Corporation – Irvin Works in West Mifflin, Pennsylvania, U.S., on May 30, 2025.Leah Millis | Reuters When threatened, birds puff up their feathers to appear larger than they actually are, and squawk to signal aggression.On Friday, U.S. President Donald Trump suggested he would no longer be “Mr. NICE GUY” to China after the country “totally violated” its trade agreement with America. The same day, Trump said he would raise tariffs on steel imports to 50% from 25%.The escalations follow a détente in May, during which Trump reached a trade deal with…
WARSAW, POLAND – JUNE 01: Karol Nawrocki, presidential candidate of the Law and Justice Party (PiS), gestures as he arrives with his family to cast his ballot at a polling station during the Polish presidential runoff election on June 01, 2025 in Warsaw, Poland. Today’s election is a closely contested race between Nawrocki and Rafal Trzaskowski, the liberal mayor of Warsaw who is supported by Prime Minister Donald Tusk. The election is seen as a test of whether the government, with its centrist parliamentary coalition, can overcome the right-wing populism embodied by PiS. (Photo by Sean Gallup/Getty Images)Sean Gallup |…
Moderna logo is seen in Warsaw, Poland on April 9, 2025.Jakub Porzycki | Nurphoto | Getty ImagesThe U.S. approved a new Covid-19 vaccine made by Moderna late Friday but with limits on who can use it — not a replacement for the company’s existing shot, but a second option.The new vaccine, mNexspike, is a step toward next-generation coronavirus vaccines. It’s made in a way that allows for a lower dose — a fifth of the dose of its current Covid-19 vaccine, Spikevax — by refining its immune target.The approval “adds an important new tool to help protect people at high…
