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…
Author: usaeverydaylife
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…
Women (silhouetted) walk past Reserve Bank of India (RBI) logo displayed at Global Fintech Fest exhibition in Mumbai.Sopa Images | Lightrocket | Getty ImagesIndia’s central bank kept its policy rate steady at 5.5% Wednesday in the face of rising tariff threats from U.S. President Donald Trump.The move was in line with expectations from economists polled by Reuters, and comes after the Reserve Bank of India delivered an outsized cut of 50 basis points at its last meeting in June.During its last meeting, RBI Governor Sanjay Malhotra said that given the 50-basis-point cut, there was limited room for monetary policy to…
Beau Lark | Corbis | VCG | Getty ImagesPresident Donald Trump’s “big beautiful bill” enacted trillions in tax breaks that could benefit wealthy Americans — but some will see a smaller deduction for charitable gifts starting in 2026, experts say. When you itemize tax breaks, you can claim the charitable deduction, depending on earnings and type of asset given. But Trump’s spending package added two key changes for itemizers.Starting in 2026, there will be an itemized charitable deduction “floor,” which only allows the tax break once it exceeds 0.5% of your adjusted gross income. The new legislation also caps the benefit…
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 Images U.S. President Donald Trump joined CNBC’s “Squawk Box” Tuesday for a lengthy interview that touched on tariffs, the Federal Reserve, the state of Russia’s economy and being rejected as a customer by JPMorgan Chase and Bank of America.For those pressed on time and want a very broad TL;DR: Trump appears to be digging in on his policies.With modified country-specific “reciprocal” tariffs due to…
Customers walk out of a Taco Bell and Pizza Hut restaurant during lunchtime in Los Angeles, California. Kevork Djansezian | Getty ImagesLooking for the next CEO for your restaurant chain? Try mining the ranks at Yum Brands.The restaurant conglomerate, which owns Pizza Hut, KFC and Taco Bell and reported quarterly results Tuesday, has supplied rival eateries with CEOs for decades. Between its globally recognized chains, massive international footprint and company culture, Yum has quietly become an incubator for future industry leaders.”They have such a strong focus on leadership development, and in the past couple of decades, they have had very,…
China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications.Avishek Das | Lightrocket | Getty ImagesTwo Chinese nationals in California have been arrested and charged with the illegal shipment of tens of millions of dollars’ worth of AI chips, the Department of Justice said Tuesday. Chuan Geng, 28, and Shiwei Yang, 28, exported the sensitive chips and other technology to China from October 2022 through July 2025 without obtaining the required licenses, the DOJ said, citing an affidavit filed with the complaint.The illicit shipments included Nvidia’s H100 general processing units, according to the affidavit seen…
Palantir CEO Alex Karp on Monday characterized his company’s performance using a simple rule that has historically boded well for tech stock returns. Karp said in a release that the company’s score with the “Rule of 40” was a 94%, which he said meant Palantir was “once again obliterating the metric.” The rule, which is commonly used to evaluate software-as-a-service companies’ growth sustainability, ranks businesses by evaluating revenue growth and margins. “If that number is somewhere in the 50s, 60s, 70s, that’s pretty baller,” Karp said on the defense technology company’s Monday earnings call, according to a FactSet transcript. “When…
CNBC’s Jim Cramer on Tuesday pushed back against a downbeat sentiment he has felt on Wall Street, saying “knee-jerk negativity” is making investors lose money.”In this business we’re supposed to care about companies and their profits, and the profits are, indeed, bountiful,” he said. “Yet the investing class is so scared and so negative because they buy into the narrative that everything’s about to roll over.”The averages pulled back on Tuesday as investors worried about weaker-than-expected economic data and President Donald Trump’s imminent plans to announce more tariffs. The S&P 500 dipped 0.49%, the Nasdaq Composite lost 0.65% and the…
