U.S. President Donald Trump says the European Union ‘s $750 billion energy pledge will help to revitalize the world’s largest economy, although analysts question whether the 27-nation bloc’s target is in keeping with market reality. Speaking to CNBC’s ” Squawk Box ” on Tuesday morning, Trump lauded recent trade deals with both the EU and Japan , saying the U.S. stands to take in trillions of dollars from these agreements. “I got a signing bonus from Japan of $550 billion. That’s our money. It’s our money to invest as we like. The European Union, $650 billion, think of it,” Trump…
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The Tesla Motors Inc. logo.Michael Short | Bloomberg | Getty ImagesTesla is now training a new Full Self-Driving model boasting “big” video improvements and size upgrades, CEO Elon Musk said Wednesday on social media.”Tesla is training a new FSD model with ~10X params and a big improvement to video compression loss. Probably ready for public release end of next month if testing goes well,” the tech billionaire said in an update on the X social media platform.FSD is a partially automated driving system that seeks to enable Tesla vehicles to navigate and maneuver in driving situations with minimal driver assistance.…
new video loaded: War Shattered His Face. Technology Helped Reconstruct It.By Marc Santora, Nikolay Nikolov, Daria Mitiuk and Laetitia Vançon•August 6, 2025Volodymyr is a Ukrainian marksman whose face was shattered by a Russian bomb in 2023. After multiple surgeries and titanium implants, he has returned to active duty near the closest point of the front line of the war with Russia. Calling in from there, he describes his recovery to Marc Santora, an international editor for The New York Times.Recent episodes in Behind the ReportingShow more videos from Behind the Reporting Source link
First Lady Melania Trump (C) looks on as U.S. President Donald Trump as he dons his MAGA hat before greeting members of the military and their families during the Military Family Picnic on the South Lawn of the White House in Washington, DC, on July 4, 2025. Brendan Smialowski | Afp | Getty ImagesSay what you like about U.S. President Donald Trump’s leadership style and policies, but he has a way with words.Trump’s love of deal-making and former career as a real estate magnate are both well-known, with the loquacious president often peppering his speeches and interviews with business-related terminology.…
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…
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,…
