This report is from this week’s CNBC’s “Inside India” newsletter. Like what you see? You can subscribe here.The big storyIf refineries are the oil industry’s children, India’s got plenty of mouths to feed — and U.S. tariff threats over Russian crude are imperiling a distinctly affordable meal ticket.This week, U.S. President Donald Trump slapped an additional 25% of levies on New Delhi’s exports to the U.S., bringing total duties to 50%, citing India’s purchases of Russian oil. The White House leader flagged the issue in a CNBC interview on Tuesday: “They’re buying Russian oil, they’re fueling the war machine, and if…
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Check out the companies making headlines before the bell. Eli Lilly — The pharmaceutical stock dropped more than 7% despite posting a second-quarter earnings and revenue beat . The company also raised guidance for both its full-year earnings and revenue. Meantime, Eli Lilly reported that the highest dose of an experimental daily pill helped patients with obesity lose around 12% of their body weight , or approximately 27 pounds, at 72 weeks in a late-stage trial. Peloton — Shares surged 10% after the exercise equipment manufacturer reported fiscal fourth-quarter revenue of $606.9 million, beating the $580.2 million analysts polled by…
Warner Bros. Discovery’s earnings got a boost from its film studios after a handful of box office hits during the second quarter.The period from April though June saw the releases of “A Minecraft Movie,” “Sinners,” “Final Destination: Bloodlines,” and “F1,” which together generated $2 billion in the global box office to date, the company said Thursday.WBD reported total revenue for the studios segment — which also includes distributing TV content — increased 55% during the quarter to $3.8 billion, with theatrical revenue up 38%, excluding the impact of foreign currency exchange, due to the higher box office revenue.Adjusted earnings before…
Klaviyo stock could have even more room to run despite a strong post-earnings surge this week, according to Citigroup. Citigroup upgraded shares of the marketing automation platform firm to buy from neutral on Thursday, and raised its price target to $50 per share from $40. The firm’s forecast implies nearly 42% upside from Wednesday’s $35.31 close. Shares have advanced nearly 19% so far this week alone. Second-quarter earnings and revenue surpassed analyst estimates on Wednesday, and Klaviyo issued a rosy outlook for the current quarter. KVYO 1D mountain Klaviyo stock has soared this week. “Though shares traded up 15% on…
Ranking Member, U.S. Senator Elizabeth Warren (D-MA) speaks during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on President Trump’s nominees to lead the National Economic Council, Consumer Financial Protection Bureau and Federal Housing Finance Agency, on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | ReutersSenate Democrats, including Elizabeth Warren of Massachusetts, are asking Google and its YouTube unit whether discussions with lawyers for President Donald Trump have included the possibility of settling a censorship suit in exchange for potentially favorable treatment from the administration.In a letter sent Thursday to Google CEO Sundar Pichai…
US President Donald Trump in the Oval Office of the White House in Washington, DC, US, on Wednesday, Aug. 6, 2025.Bonnie Cash/UPI/Bloomberg via Getty ImagesPresident Donald Trump on Thursday said he has ordered the U.S. Commerce Department to create a new U.S. census that excludes people who are in the U.S. illegally.The “new and highly accurate CENSUS” will be “based on modern day facts and figures and, importantly, using the results and information gained from the Presidential Election of 2024,” Trump wrote in a post on Truth Social.”People who are in our Country illegally WILL NOT BE COUNTED IN THE…
An American Airlines Boeing 787-9 Dreamliner lands at the Miami International Airport on December 10, 2021 in Miami, Florida.Joe Raedle | Getty ImagesAmerican Airlines is reviving some of its pre-pandemic destinations like Prague and Budapest, Hungary, as international travel continues to hold up better than domestic demand.Other additions include its first-ever Dallas Fort Worth International flights to Athens, Greece, and year-round nonstop service between Miami and Milan.American is also extending service for next year’s World Cup, from Buenos Aires, Argentina, to Dallas and between Dallas and Zurich, where soccer’s governing body, FIFA, is based,. Those flights will run from May…
U.S. President Donald Trump speaks during an event with Apple CEO Tim Cook in the Oval Office of the White House on August 6, 2025 in Washington, DC. Win Mcnamee | Getty ImagesU.S. President Donald Trump’s proposed 100% tariffs on the import of semiconductors has brought major chip names into the spotlight.Questions linger about how these duties will be implemented: will they apply to the raw chip itself that is imported, or the end product, like a smartphone or laptop? And how much manufacturing needs to actually be done in the U.S.?Trump said that, if companies are “building in the…
U.S. President Donald Trump waves from the roof of the West Wing of the White House as he takes a tour on August 05, 2025 in Washington, DC. Win Mcnamee | Getty Images News | Getty ImagesPresident Donald Trump will sign an executive order on Thursday to allow alternative assets such as private equity, cryptocurrencies and real estate into 401(k)s, according to a senior White House official.The executive order will direct the U.S. Secretary of Labor to review fiduciary guidance on private market investments in 401(k) and other defined-contribution plans that are governed by the Employee Retirement Income Security Act…
A Burger King restaurant with the slogan ”Flame Grilling Since 1954” is seen in Vienna, Austria, on June 7, 2025. Michael Nguyen | NurPhoto | Getty ImagesRestaurant Brands International on Thursday reported mixed quarterly results, as same-store sales declines for Popeyes were offset by strong demand internationally and at Tim Hortons.Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 94 cents adjusted vs. 97 cents expectedRevenue: $2.41 billion vs. $2.32 billion expectedRestaurant Brands reported second-quarter net income attributable to shareholders of $189…
