Members of the Indian Youth Congress protest against the Modi government’s silence on the 26% tariff imposed by U.S. President Donald Trump in New Delhi, India, on April 5, 2025.Amarjeet Kumar Singh | Anadolu | Getty ImagesIn February, U.S. President Donald Trump and Indian Prime Minister Narendra Modi exchanged warm greetings and bear hugs, and pledged to pursue an early trade agreement.Now, six months on, that goodwill has soured. Trump labels India the “tariff king,” threatens higher levies within 24 hours, and accuses it of fueling Russia’s war in Ukraine through oil purchases.That shift raises questions: Will India yield to…
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A sign marks the location of a Honda dealership in Libertyville, Illinois, on Dec. 18, 2024.Scott Olson | Getty ImagesJapanese auto giant Honda’s first-quarter operating profits fell 50% year over year on Wednesday, missing estimates due to U.S. auto tariffs and a stronger yen.Here are Honda’s results compared with mean estimates from LSEG:Revenue: 5.34 trillion yen vs. 5.25 trillion yenOperating profit: 244.17 billion yen vs. 323.48 billion yenIn the first quarter of its fiscal year, which ends on March 31, 2026, Honda’s revenue came in at 5.34 trillion yen, beating mean estimates from LSEG.Operating profit fell about 50% to 244.17…
This report is from this week’s edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Like what you see? You can subscribe here.A parent walks down the street with his grandchildren in his arms in Hangzhou, China, on January 17, 2025. Costfoto | Nurphoto | Getty Images Hello, I am Anniek Bao, a Singapore-based reporter writing about China’s economy and business, filling in for Evelyn this week. Welcome to another edition of The China Connection.This week, I look at how businesses eyeing China’s $644 billion baby-care market are meeting a…
President Donald Trump threatened Tuesday to have the federal government take control of Washington, D.C., after an assault on a well-known original staffer for the Department of Government Efficiency in the nation’s capital over the weekend.Edward Coristine, also known by his online name, “Big Balls,” and a woman characterized in a police report as his significant other were the victims of an unarmed attempted carjacking early Sunday.Washington Metropolitan Police on Tuesday announced the arrests of two 15-year-old suspects from Maryland.In a social media post that did not mention Coristine by name, Trump described crime in Washington as being “totally out of control.””Local…
Boxes of Ozempic and Wegovy made by Novo Nordisk at a pharmacy in London on March 8, 2024.Hollie Adams | ReutersNovo Nordisk on Wednesday posted second-quarter sales broadly in line with expectations, after last week cutting its full-year guidance and announcing its new CEO.Overall revenues rose 13% year-on-year at constant exchange rates to 76.86 billion Danish kroner ($11.92 billion) over the period, just ahead of the 76.6 billion Danish kroner forecast.Quarterly net profit came in at 26.5 billion Danish kroner, versus 26.6 billion Danish kroner analysts expected.This is a developing story. Please check back for updates. Source link
A water tower stands at Walt Disney Studios on June 3, 2025 in Burbank, California.Mario Tama | Getty ImagesDisney reports its fiscal third-quarter earnings before the bell on Wednesday, and Wall Street will be looking for updates on the state of its streaming, TV and movies businesses, as well as its theme parks.Here is what Wall Street expects Disney to report on Wednesday, according to LSEGEarnings per share: $1.47 expectedRevenue: $23.73 billion expectedOnce again, the streaming business will be in focus.Investors are anticipating further updates on the company’s ESPN direct-to-consumer streaming service. ESPN has said it will launch the app this fall,…
U.S. President Donald Trump meets with Syrian President Ahmed al-Sharaa in Riyadh, Saudi Arabia, in this handout released on May 14, 2025. Saudi Press Agency | Via ReutersIn May, speaking to a rapt crowd in the Ritz-Carlton Riyadh, U.S. President Donald Trump stunned listeners by announcing he would be ordering the full lifting of U.S. sanctions on Syria, many of which had been in place for decades.”Now, it’s their time to shine … Good luck Syria,” Trump said.Less than three months later, the Trump administration hit Syria with the highest tariff rate of any country in the world: 41%.Syria has…
This report is from this week’s CNBC’s UK Exchange newsletter with Ian King. Like what you see? You can subscribe here.The dispatchIt has already been a gripping cricketing summer in England.A fiercely fought series of five Test matches with India — global cricket’s financial powerhouse — came to an end earlier this week in what will likely go down as one of the greatest set of games ever played.A quick aside. Cricket has many forms. The longest is known as Test Match and can last up to five days — and still potentially end in a tie. Then there is the…
Here are the opening callsPeople take in the view of London from the top of a skyscraper on July 15, 2025.Carlos Jasso | Afp | Getty ImagesGood morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Wednesday.Futures data from IG suggests a broadly positive open for European indexes, with London’s FTSE 100 seen opening 0.35% higher, France’s CAC 40 and Germany’s DAX up 0.25%, and Italy’s FTSE MIB 0.34% higher.Global markets will be keeping an eye on the tariff landscape the rest of this week after U.S. President Donald Trump signaled…
A corporate logo for McDonald’s hangs above the door of a restaurant on Broadway in New York City on June 11, 2025.Gary Hershorn | Corbis News | Getty ImagesMcDonald’s is expected to report its second-quarter earnings before the bell on Wednesday.Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report:Earnings per share: $3.15 expectedRevenue: $6.7 billion expectedLast quarter, McDonald’s U.S. restaurants posted their steepest same-store sales decline since the onset of the Covid-19 pandemic. Executives blamed a drop in low- and middle-income diners, who have been feeling more pressure on their wallets this year.But thanks to…
