A general view of production lines at the Mercedes-Benz assembly plant on June 4, 2025 in Rastatt, Germany.Florian Wiegand | Getty Images News | Getty ImagesA perfect storm of industry and economic challenges have weighed on Germany’s autos sector, which has shed tens of thousands of jobs over a one-year stretch to the end of June.Over that period, Germany’s autos industry, one of the European country’s largest sectors, has seen job cuts of close to 7% of the workforce, or around 51,500 positions, according to new analysis from EY based on data from the German statistics office Destatis.Overall job losses…
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Baird is getting more optimistic on VF Corp. The firm upgraded the Vans parent to outperform from neutral and raised its price target to $20 from $14. Baird’s forecast calls for more than 46% upside from Monday’s close. Analyst Jonathan Komp said he is becoming more confident in VF Corp’s turnaround over a six-to-12 month horizon, noting he expects the Vans brand to reach an inflection point in the second half of next year. “While we do not see current signs of a new skate shoe trend broadly emerging (low profile, retro running styles remain strong within lifestyle), our late-July…
AT&T said on Tuesday it has agreed to purchase certain wireless spectrum licenses from EchoStar for about $23 billion, as the U.S. telecom giant scales its network to stay ahead in a competitive market.Shares of satellite communications firm EchoStar jumped more than 40% in premarket trading, while AT&T rose 1.5%.The deal advances AT&T’s investment plans to accelerate its fiber and 5G network build-out as the wireless market saturates and internet usage surges.The licenses cover more than 400 markets across the U.S. in total and will strengthen AT&T’s low-band and mid-band spectrum holdings, the company said.The companies also agreed on Tuesday…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, ether pulled back to start the week, after hitting a fresh record over the weekend. And, crypto exchange Gemini launches an XRP credit card with Ripple, offering crypto rewards up to 4% on certain purchases. Plus, CNBC Crypto World takes a deep dive into how Wyoming has evolved into a crypto hub and the recent moves to help catapult the state to the next level.11:18Mon, Aug 25 20253:44 PM EDT Source link
CNBC’s Jim Cramer on Monday told investors why he’s optimistic about CVS, even as the healthcare sector as a whole has lagged this year.”[It’s] fixing its most problematic business, managed care, and seeing real strength in other parts of the business, especially the pharmacy side, where it is the last man standing,” he said. “Plus, given the cheapness of the stock, generosity of the dividend yield — here’s what I’m saying: buy CVS.”Biopharmaceutical stocks have declined in recent months as the drug makers struggle to adapt to the Trump administration, especially with vaccine-skeptic Robert F. Kennedy Jr. leading the Department…
France’s Prime Minister Francois Bayrou speaks during a press conference in Paris on August 25, 2025. Dimitar Dilkoff | Afp | Getty ImagesFrance’s minority government on Tuesday faced the prospect of collapse within weeks, after opposition parties said they would not back Prime Minister Francois Bayrou in a Sept. 8 confidence vote tied to his budget cut plans.The Paris CAC 40 index was 2% lower in early deals on Tuesday. French medium to long-term borrowing costs ticked higher, with the country’s 10-year bond yield up 2 basis points and its 30-year yield up 4 basis points.France’s need to lower its…
U.S. President Donald Trump looks on during the signing of executive orders in the Oval Office at the White House in Washington, D.C., on Aug. 25, 2025.Jonathan Ernst | Reuters “State-owned enterprise” is a term you wouldn’t normally bandy about when mentioning the United States — especially not with the country’s Republican party, which has been associated with a laissez-faire approach to businesses and the economy.If White House gets it way, however, it appears that the government’s 10% stake in Intel is just the start. U.S. President Donald Trump in a Truth Social post signaled favoring companies that strike similar…
And that’s “How It’s Done.”Netflix capitalized on its chart-topping “KPop Demon Hunters” over the weekend with a two-day theatrical release of its new sing-along version.Box office analysts spent much of Sunday trying to determine exactly how well the animated feature performed, relying on anonymous executives from rival studios and scraped data from ticket sales sites. Estimates range from $16 million to $20 million for the sing-along’s domestic run.That’s smaller than recent domestic theatrical re-releases like “Star Wars: Revenge of the Sith” and the 15th anniversary screenings of “Coraline” — which generated $25 million and $33 million, respectively — but higher…
European stock futures pointed to a lower open on Tuesday as global investors monitored U.S. President Donald Trump’s latest attempted intervention in the running of the Federal Reserve.Trump’s announcement on social media that he had fired Federal Reserve Board Governor Lisa Cook drove Asia-Pacific markets and U.S. futures lower. Cook said in a Monday statement that Trump did not have the authority to remove her and that she “will not resign,” leaving a legal dispute a potential next step. Trump tells Fed’s Lisa Cook she’s fired; she says ‘he has no authority to do so’In Europe, shares of German sportswear giant Puma are…
Taiwanese chipmaker Taiwan Semiconductor Manufacturing Co made headlines last week following Nvidia CEO Jensen Huang’s remarks that buying its stock would be “very smart. ” “Well, first of all, I think TSMC is one of the greatest companies in the history of humanity, and anybody who wants to buy TSMC stock is a very smart person,” he said on Friday during his Taiwan visit. Shares in TSMC rose on Monday and Tuesday and are up 9.77% since the start of the year. Last month, TSMC’s market capitalization crossed $1 trillion, thanks to a strong sales forecast driven by growing artificial…
