A firefighter falls on the ground while working to extinguish a wildfire in San Cibrao das Viñas, outside Ourense, northwestern Spain, on August 12, 2025.Miguel Riopa | Afp | Getty ImagesRecord-breaking heat has swept across Europe in recent days, pushing temperatures well beyond 40 degrees Celsius (104 Fahrenheit) in some areas and fueling regional wildfires.In France, temperature records were obliterated in Angoulême, Bergerac, Bordeaux, Saint-Emilion and Saint-Girons on Monday afternoon, according to an update from weather forecaster Meteo France.”Often remarkable, even unprecedented maximum temperatures, often 12 degrees above normal levels, were reached this Monday,” Meteo France said Tuesday in a…
Author: usaeverydaylife
(COMBO) This combination of pictures created on February 21, 2020 shows US President Donald Trump delivers remarks at a Keep America Great rally in Phoenix, Arizona, on February 19, 2020. Russian President Vladimir Putin delivers a speech during a ceremony in Jerusalem on January 23, 2020 commemorating the people of Leningrad during the Second World War Nazi siege on the city.Jim Watson | Afp | Getty ImagesU.S. President Donald Trump will approach his encounter with Kremlin leader Vladimir Putin as a “listening exercise,” the White House said, taming expectations that this week’s Alaska summit could yield a deal to end…
Traders work at the New York Stock Exchange on August 12, 2025. NYSEFutures tied to the S&P 500 and Nasdaq 100 inched lower early Wednesday as investors come off a record-setting session that saw encouraging news on the inflation front.S&P futures slipped 0.39%, while Nasdaq 100 futures ticked down 0.12%. However, futures tied to the Dow Jones Industrial Average dropped 7 points, or less than 0.1%.In after-hours trading, Cava shares plunged more than 22% after the Mediterranean restaurant chain reported disappointing second-quarter revenue growth and lowered its same-store sales forecast for the full year. CoreWeave shares dropped about 9% as the…
A sale sign inside a clothing store in Artesia, California, U.S. on August 7, 2025.Patrick T. Fallon | Afp | Getty Images Waiting for tariff-induced price increases in the U.S. to show up can feel like watching an M. Night Shyamalan movie.July’s consumer price index came in mostly benign. The headline annual rate of 2.7% was lower than the Dow Jones estimate of 2.8%. That said, the core figure was 0.1 percentage points more than expected, and the highest since February, before U.S. President Donald Trump unleashed his tariffs in April.”The tariffs are in the numbers, but they’re certainly not…
Global rallyTraders work on the floor of the New York Stock Exchange on Aug. 12, 2025.Spencer Platt | Getty ImagesIt isn’t just stocks in Europe that are on the rise.Overnight in Asia, shares have been rallying, with Japan’s Nikkei 225 hitting an all-time high and Hong Kong’s Hang Seng Tech Index — home to some of China’s biggest tech firms — adding more than 2%.That followed a session on Wall Street that saw both the S&P 500 and the Nasdaq Composite hit record highs, as U.S. inflation data raised markets’ expectations of a rate cut from the Federal Reserve.— Chloe…
The “One Big Beautiful Bill” has drawn mixed reactions on Wall Street, but for some investors, it represents a blueprint for a new phase of U.S. economic policy. The bill , which is characterized by extensive tax reforms and selective incentives, is forecast to add to the federal deficit and has drawn criticism and triggered warnings from credit agencies. Strategists CNBC spoke to say they believe the bill is more than just another round of stimulus, and investors are making clear sectoral bets. ‘A pivot point’ Peter Andersen, founder of Andersen Capital Management, calls the bill “a pivot point,” arguing…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchAfter several years in the Big Apple, I knew my return to London would be a culture shock.Instead of Times Square with its skyscrapers and blinding lights, I would roam around Piccadilly Circus and its Victorian buildings; Dunkin Donuts on every major intersection would be replaced by Greggs on street corners, and I’d be ordering a sausage roll instead of a bagel for lunch.But beyond the trivial switch-ups, I was in for a bigger shock than I thought — on the economic front.Firstly, the cost of living, from…
The 46th fleet of the Chinese People’s Liberation Army Navy sets sail from a military port in Zhanjiang, south China’s Guangdong Province, Feb. 21, 2024. Xinhua News Agency | Xinhua News Agency | Getty ImagesChina said Wednesday it warned and “drove away” a U.S. destroyer that had sailed near the coast of the disputed Scarborough Shoal in the South China Sea — one of the most valuable shipping lanes globally.The destroyer, USS Higgins, “illegally entered China’s territorial waters off Huangyan Island without the approval of the Chinese government,” the country’s defense ministry said, according to a CNBC translation of the statement…
The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department headquarters building on April 24, 2025, in Washington, DC, U.S.J. David Ake | Getty Images News | Getty ImagesThe U.S. government’s budget deficit grew nearly 20% in July to $291 billion despite a nearly $21 billion jump in customs duty collections from President Donald Trump’s tariffs, with outlays growing faster than receipts, the Treasury Department said on Tuesday.The deficit for July was up 19%, or $47 billion, from July 2024. Receipts for the month grew 2%, or $8 billion, to $338 billion, while outlays jumped 10%, or…
A U.S. judge on Tuesday ordered the Trump’s administration to restore a part of the federal grant funding that it recently suspended for UCLA. Genaro Molina | Los Angeles Times | Getty ImagesA U.S. judge on Tuesday ordered President Donald Trump’s administration to restore a part of the federal grant funding that it recently suspended for the University of California, Los Angeles.U.S. District Judge Rita Lin in San Francisco ruled that the grant funding suspensions violated an earlier June preliminary injunction where she ordered the National Science Foundation to restore dozens of grants that it had terminated at the University of California.That order had blocked the agency from cancelling other grants at the University of California system, of which UCLA is a part.”NSF’s actions violate…
