U.S. President Donald Trump speaks to reporters onboard Air Force One en route to the NATO summit in The Hague, Netherlands, June 24, 2025. Brian Snyder | Reuters The ceasefire between Israel and Iran appears to be holding. In yesterday’s newsletter, we talked about how a blitzkrieg of missile-led diplomacy seemed to help de-escalate tensions.The flipside of that strange path to a truce is that missiles are, well, fundamentally weapons. Mere hours after both countries agreed to the ceasefire, Israel said its longtime rival had fired missiles into its borders — an accusation which Tehran denied — and was preparing…
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Former Italian Prime Minister Matteo Renzi gestures during the event “Two Peoples, Two States, One Destiny” promoted by Azione, Italia Viva, and + Europa, a public debate on the Israeli-Palestinian conflict and aims at supporting a solution based on the peaceful coexistence of two states, in Milan on June 6, 2025. Stefano Rellandini | Afp | Getty ImagesThe European Union needs to step up its role in global affairs as tensions with U.S. President Donald Trump build up, according to former Italian Prime Minister Matteo Renzi.His comments to CNBC come after Trump said that the EU was “not going to…
This report is from CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and the key personalities shaping the news. Along with a deep dive into these top stories, the newsletter highlights key developments in the U.K. and essential events that are set to make waves. Like what you see? You can subscribe here.The dispatchSince the Global Financial Crisis, poor productivity has bedeviled the U.K. economy for various reasons, including regional disparities and over-dependence on London and the southeast of England.Most economists agree, though, that the main factor has been…
Customers check out vegetables and other groceries at a supermarket in Tokyo on June 20, 2025.Kazuhiro Nogi | Afp | Getty ImagesMajor central banks have hiked their policy rates in the face of surging inflation since the Covid-19 pandemic — but the Bank of Japan has been an outlier.It has stayed put despite headline and core inflation running above its target of 2% since April 2022, and despite headline inflation’s two-year high of 4% in January. So-called “core-core” inflation has run above the target since October 2022.The BOJ has raised rates by just 60 basis points in the 14 months…
Hilary Duff in a Think B4 You Speak ad.Courtesy: iSpotAs Pride Month kicked off this year, Kai Cameron put on various wigs and outfits to recreate a commercial that he remembers vividly from the late 2000s.The social media director posted a video on TikTok in which he mimics an advertisement in which actress Hilary Duff told shoppers not to use the word “gay” as an insult. Looking at another actress in that public service announcement, Duff equated using the term pejoratively to saying “That’s ‘so girl’ wearing a skirt as a top.” The Disney star ends the ad by asking…
U.S. Treasury yields were lower on Tuesday even after Federal Reserve Chair Jerome Powell said he is in no hurry to push for interest rate cuts as the impact of tariffs plays out. Traders also kept an eye on a fragile ceasefire between Iran and Israel.The 10-year Treasury yield was down 3.1 basis points at 4.291%, the 2-year yield lost 1.4 basis points to 3.815%. The 30-year shed 2.7 basis points to trade at 4.832%. One basis point is equal to 0.01%, and bond yields and prices move in opposite directions.Yields initially rose after Powell repeated his expectation that policymakers are “well…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks were rallying for the second day in a row as geopolitical tensions in the Middle East eased and oil prices plummeted. The S & P 500 rose more than 1% on Tuesday and was around session highs in late afternoon trading. Technology and financials were the two big sector winners of the day, with chip stocks surging and banks picking up steam ahead of a few highly anticipated regulatory…
Chinese Premier Li Qiang spoke at the World Economic Forum’s annual “Summer Davos” event in 2024, which was held in Dalian, China.Bloomberg | Bloomberg | Getty ImagesTIANJIN, China — Chinese Premier Li Qiang on Wednesday called on other countries to collaborate on trade, despite rising tariffs and other barriers.”Globalization will not be reversed,” he said through an official English translation, as he called on all sides not to turn trade into a political or security issue.Engaging in the international economy is a way of “reshaping the rules and order,” Li added, calling on countries to keep to the “right” path.Li…
New York City mayoral candidate and democratic State Representative Zohran Mamdani (L) and New York City mayoral candidate Andrew Cuomo (R). Angela Weiss | Afp | Getty ImagesState Assemblyman Zohran Mamdani is the leader as first-choice votes are tallied in the New York City Democratic mayoral primary, ahead of former New York Gov. Andrew Cuomo, who all but declared his rival the winner even though no candidate appears likely to secure a majority in the first round of the ranked choice election.Mamdani leads the first-choice vote count with about 44% support, followed by approximately 36% for Cuomo — the result…
Gurmer Chopra, 32, is the co-founder of clothing brand YoungLA.Courtesy ofRight after graduating from university in 2015, Gurmer Chopra, 32, landed his first corporate role at a “Big Four” accounting firm. But after less than a year on the job, he decided to quit.”Four months into it, I [was] like: ‘I freaking hate it here.’ It was just the most boring work, and I felt like I was making zero difference in the world,” Chopra told CNBC Make It.”At one point, I [started studying] for my [certified public accountant exam]… Then I opened the book [and] I remember just reading…
