This report is from this week’s 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. The newsletter will also highlight other key developments in the U.K. that you won’t want to miss, plus a preview of essential events that are set to make waves. Like what you see? You can subscribe here.It says much about the current state of U.K. politics that today’s spending review has taken on such importance.What should be a relatively straightforward event, in which Rachel Reeves, the chancellor…
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Nintendo Switch 2 controllers are displayed during at the Nintendo New York store on June 4, 2025, for a launch event ahead of the video game hybrid console’s midnight release. David Dee Delgado | AFP | Getty ImagesNintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, a record-breaking start for the company’s first new console in eight years. The sales figures, reported by the Japanese multinational video-game company on Wednesday, put it on the path to realizing its aim of selling 15 million units of the Switch 2 console…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, major cryptocurrencies climb as investors wait for more insight on trade discussions between the U.S. and China. Plus, Brian Quintenz, President Trump’s pick to lead the U.S. Commodity Futures Trading Commission, prepares to testify before the Senate. And, Matt Hougan, Bitwise Asset Management CIO, discusses the launch of the asset manager’s new GameStop-focused covered call ETF.11:11Tue, Jun 10 20253:24 PM EDT Source link
A federal appeals court agreed on Tuesday to allow President Trump to maintain many of his tariffs on China and other U.S. trading partners, extending a pause granted shortly after another panel of judges ruled in late May that the import taxes were illegal.The decision, from the U.S. Court of Appeals for the Federal Circuit in Washington, delivered an important but interim victory for the Trump administration, which had warned that any interruption to its steep duties could undercut the president in talks around the world.But the government still must convince the judges that the president appropriately used a set…
CNBC’s Jim Cramer on Tuesday said he thinks it’s necessary to review stocks that have captured the attention of the younger investors but aren’t always highlighted by Wall Street analysts.”I think relevance dictates that we cover the companies that are treated as irrelevant or even pariahs by the gray beards around here,” he said. “It isn’t true that no one cares. I fear everyone cares, except those of us on Wall Street. We have to do better about nuke, about quantum and crypto, because our younger viewers deserve better.”Cramer suggested that younger investors favor any stock that has to do…
College graduates of the class of 2025 seek jobs at a special job fair for the new food and biomedicine industries in Huai ‘an City, Jiangsu Province, China, on June 8, 2025. Nurphoto | Nurphoto | Getty ImagesThis report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.The big storyChina’s eagerness to adopt artificial intelligence…
‘Fast Money’ traders talk markets closing in on new highs. Source link
Gov. Gavin Newsom speaks with Economic Development Corporation CEO Stephen Cheung at the 2025 Economic Forecast and Industry Outlook conference at East Los Angeles College on Wednesday, February 26, 2025. Sarah Reingewirtz | Medianews Group | Los Angeles Daily News Via Getty Images | Medianews Group | Getty ImagesAmid immigration raids, peaceful protests, attacks on law enforcement officers and the threat of his own arrest by federal agents, California Gov. Gavin Newsom is immersed in what could be the most consequential political fight of his career.The battle between the president and the governor of the country’s largest state instantly turned Newsom…
A federal appeals court on Tuesday said the Trump administration did not have to comply for now with a judge’s order to give due process to scores of Venezuelan immigrants who were deported to El Salvador under a wartime law.The ruling, by the U.S. Court of Appeals for the District of Columbia Circuit, came one day before the administration was supposed to outline for a lower-court judge how to allow nearly 140 deported Venezuelans to challenge their expulsion. The men, accused of being members of a violent street gang called Tren de Aragua, are being held in a maximum-security Salvadoran…
The ‘Fast Money’ traders taste test McDonald’s McCrispy chicken strips. Source link
