A person beats a drum with the euro logo crossed out in red on the drumhead during a demonstration against Bulgaria entering the Eurozone in Sofia on May 31, 2025.Nikolay Doychinov | Afp | Getty ImagesBulgaria is set to become the 21st member of the euro zone after receiving sign off from the European Commission and European Central Bank last week — but not everyone is convinced the move is a good idea.Bulgaria’s Prime Minister Rosen Zhelyazkov, member of the center-right GERB party, has made joining the euro zone a priority, arguing that it would boost economic stability and growth.However,…
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He Lifeng, China’s vice premier, arrives for trade talks at Lancaster House in London on June 9, 2025.Chris Ratcliffe | Bloomberg | Getty Images Trade negotiators from the U.S. and China have met in London, and talks are expected to continue Tuesday, a source familiar with the situation told CNBC’s Megan Casella.It seems that coaxing China to relax its rare earths export curbs is at the top of America’s agenda, according to a CNBC interview with U.S. National Economic Council Director Kevin Hassett. If China’s actions late last week — when it seemingly gave Western automakers concessions regarding those minerals…
As he did in his first term as president, President Donald Trump is once again predicting an economic boom the likes of which the U.S. has never before seen. In reviewing the publicly available economic data since Ronald Reagan, the period in which the U.S. grew the fastest with the most job creation did not occur in Trump’s first term and is unlikely to do so in this term, the reasons why to be explained shortly. First, a brief review of recent economic history where the biggest economic boom actually took place. Former President Bill Clinton’s eight years in office…
British job openings continue steady decline, wage growth coolsThe ONS’s data also showed this morning that job vacancies in the U.K. fell to 736,000 between March and May — a decline of 63,000 openings, or 7.9%, from the previous three-month period.It marked the 35th consecutive decline in job openings. Meanwhile, average earnings (including bonuses) saw a year-on-year increase of 5.3% for the period between February and April. Since spiking to 6.1% in December, annual wage growth in the country has steadily cooled.U.K. unemployment rate rises to 4.6%, in line with expectationsA staff wanted sign in the window of a restaurant…
Shein and Temu icons on a phone screen.Jakub Porzycki | Nurphoto | Getty ImagesTemu and Shein are pivoting to Europe as their business in the U.S. takes a major hit from unfavorable trade policies. But the China-founded budget e-commerce apps may not receive a warm reception in their new target markets. In recent weeks, complaints have been filed against Temu and Shein in the EU, accusing them of unsavory business tactics. That comes as the bloc prepares a new two-euro flat fee on previously customs-free small packages from online marketplaces like Temu and Shein. Experts say the new developments could be ominous…
Logo of Huawei at the Mobile World Congress 2024.Ramon Costa | SOPA Images | Lightrocket | Getty ImagesHuawei Technologies’ chips are one generation behind those of U.S. peers but the firm is finding ways to improve performance through methods such as cluster computing, Chinese state media quoted CEO Ren Zhengfei as saying on Tuesday.The chipmaker invests 180 billion yuan ($25.07 billion) in research annually and sees promise in compound chips — chips made from multiple elements — Ren said in an interview with the People’s Daily newspaper of the governing Communist Party.There is “no need to worry about the chip problem”, Ren said, addressing concerns stemming from U.S. export controls.The article, published on the front page of…
A sign in front of the entrance of the Security Administration’s main campus on March 19, 2025 in Woodlawn, Maryland. Kayla Bartkowski | Getty ImagesThe Supreme Court on Friday granted the Department of Government Efficiency access to Social Security Administration data that includes sensitive personal information of millions of Americans.The decision comes as the federal government sought a stay, or temporary suspension, after a federal judge blocked DOGE’s access to that data in April. The nation’s highest court granted an emergency application from the Trump administration to lift that injunction; the case is expected to proceed in lower courts.In its decision,…
The escalating battle between the Trump administration and Harvard University over international student visas could come at a high economic cost.Altogether, international students who studied in the U.S. contributed $43.8 billion to the U.S. economy in the 2023-24 academic year, according to the most recent data by NAFSA: Association of International Educators. In Massachusetts, alone, international students contributed nearly $4 billion and supported more than 35,000 jobs.At Harvard, the share of international students is disproportionately high compared to most other colleges and universities. International students accounted for 27% of Harvard’s total enrollment in the 2024-25 academic year, up from 22.5% a decade earlier.With more…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, major cryptocurrencies trade higher to kick off the week. Plus, Gemini, a cryptocurrency exchange and custodian, confidentially files for an IPO in the U.S. And, Michael Shaulov, CEO and co-founder of Fireblocks, weighs in on what stablecoin regulation in the U.S. would mean for the industry as the GENIUS Act stablecoin bill makes its way through the legislative process.12:27Mon, Jun 9 20253:24 PM EDT Source link
The ‘Fast Money’ traders talk their takeaways from Apple’s WWDC. Source link
