China’s and U.S.’ flags are seen printed on paper in this illustration taken January 27, 2022. Dado Ruvic | ReutersBEIJING — China is willing to do more to address White House concerns about illicit fentanyl trade, but it will be “a different thing” if ongoing debate over the drug facilitates more U.S. tariffs on the world’s second largest economy, an official from the Chinese Ministry of Foreign Affairs told reporters Wednesday.Washington should have “said a big thank you” to China on what it has done to restrict fentanyl trade in the U.S., the official said via an official English translation, claiming…
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The price of a Boeing 787 plane could increase by $40 million in a worst case tariff scenario, AerCap CEO Aengus Kelly said.”In an absolute worst case scenario, say, a 25% increase across the board on tariffs, a tit-for-tat from both sides — a Boeing 787, the price will go up by $40 million,” Kelly said Wednesday on CNBC’s “Squawk Box.” “No one’s going to want to pay that.”In that kind of scenario, Kelly said most airlines would instead likely turn to Airbus, which could give that company an opportunity to take 75% to 80% of the global market.AerCap, the…
Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday.The consumer price index, a wide-ranging measure of costs across the U.S. economy, ticked up a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 2.8%, according to the Labor Department agency. The all-item CPI had increased 0.5% in January.Excluding food and energy prices, the core CPI also rose 0.2% on the month and was at 3.1% on a 12-month basis. The…
Check out the companies making headlines in premarket trading. Groupon — Shares of the digital marketplace surged around 21% after the company’s full-year revenue guidance exceeded Wall Street’s expectations. Groupon issued a range of $493 million to $500 million, topping the consensus forecast of $491.5 from analysts polled by FactSet. The company also posted stronger fourth-quarter revenue than the Street anticipated. Intel — Shares jumped 8% after Reuters reported that TSMC has raised a joint venture proposal to U.S. chipmakers Nvidia , Advanced Micro Devices and Broadcom to operate Intel’s foundry division. Nvidia, AMD and Broadcom also popped before the…
In an aerial view, a Volkswagen assembly plant is seen on April 19, 2024 in Chattanooga, Tennessee.Elijah Nouvelage | Getty Images News | Getty ImagesPorsche’s CEO Oliver Blume on Wednesday said the company could lean into its partnership with Volkswagen — which has its own U.S. manufacturing base — as it braces for potential tariffs imposed by the White House.”We have an industrial cooperation agreement together with Volkswagen, and in the end, we are working so close together, so this should play a role” in responding to tariffs, Blume told CNBC’s Annette Weisbach.The U.S. is Porsche’s top market, but the…
Nobody loves giving Uncle Sam his cut, but if you’re lucky the IRS will issue you a tax refund and you’ll get some of your hard-earned money back.For many Americans, their annual refund isn’t just mad money — it’s a critical part of their budget that goes to pay for essentials. According to a TaxSlayer survey, the biggest expenditures people planned to use their refund on were rent (52% of respondents), groceries (44%) and paying credit card bills (37%)Given how essential this infusion of capital is, every very minute you wait for it can feel like an eternity.Fortunately We’ve got…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Phil LeBeau and AerCap CEO Aengus Kelly join ‘Squawk Box’ to discuss the state of global airline travel demand, impact of tariffs, Boeing’s production and delivery timeline, and more. Source link
Pakistani security forces have been locked in a deadly standoff with armed militants for more than a day after the attackers seized a passenger train on Tuesday and held hundreds hostage.The crisis is a dramatic escalation of a long-running separatist insurgency in the country’s southwest.The Baloch Liberation Army, or B.L.A., a banned separatist group, seized the train, which was carrying more than 400 people, in a remote mountainous region.The group claimed to be holding at least 214 people, including military personnel and civilian law enforcement officers. It demanded that the government release its imprisoned members within 48 hours, threatening to…
Capital One Financial may be poised for gains in the path ahead with its acquisition of Discover, according to Evercore ISI. The firm upgraded the financial service stock to outperform from in line. and its $200 price target implies 20.9% upside from Tuesday’s close. Capital One has struggled in the new year, falling more than 7%. Over the past month, it has tumbled nearly 16%. The S & P 500, by comparison, has pulled back more than 5% year to date and about 8% in the past month. COF 1M mountain COF, 1-month “We believe the stock’s valuation does not…
Russian President Vladimir Putin speaks with Kremlin spokesman Dmitry Peskov during a summit of leaders of nations, which are members of the Commonwealth of Independent States (CIS), in Moscow, Russia October 8, 2024. Sergei Ilnitsky | Via ReutersAll eyes were on Moscow on Wednesday morning, as the Kremlin broke its silence and delivered its initial reaction to Kyiv and the White House’s unilateral agreement proposing a temporary ceasefire to the ongoing war in Ukraine.Talks between U.S. and Ukrainian officials in Saudi Arabia on Tuesday ended with Ukraine agreeing to an immediate 30-day ceasefire negotiated by the U.S. — but Russia must still accept the measures.As part…
