The theft of luxury cars is highly sophisticated and widespread, with Range Rovers just one of a number of targets for organized crime groups.Picture Alliance | Picture Alliance | Getty ImagesCars are being stolen and shipped from the U.K. within 24 hours, according to a new report which found thefts are costing British consumers and the economy billions of pounds.Organized criminal gangs are driving the surge in car thefts in the country, the Royal United Services Institute (RUSI) defense and security think tank said in a report published Thursday, with U.K. vehicle theft rising by 75% in the past decade…
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CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions.BRUSSELS, BELGIUM – DECEMBER 04: Logo of the NATO on December 04, 2024 in Brussels, Belgium. (Photo by Florian Gaertner/Photothek via Getty Images)Florian Gaertner | Photothek | Getty ImagesOverview: NATO holds out its hand to the commercial space sectorNATO’s agreed to open its wallet wider, and space and defense players are likely lining up to benefit. The military coalition’s brand-new commercial space strategy adds the cherry on top.Now inked, at the vocal behest of U.S. President…
Fund managers are getting more bullish on defense stocks, with recent conflicts in the Middle East, the Indian subcontinent as well as NATO allies’ pledges to raise defense spending boosting prospects of the arms industry. The sector has seen robust gains this year and analysts suggest the interest in defense will grow further. The MSCI Europe Aerospace and Defense Index (USD) has surged about 70% this year, according to LSEG data, while the iShares US Aerospace & Defense ETF (ITA) has gained more than 25%. The U.S. defense ETF hit a fresh all-time high on Thursday morning stateside, while the…
Portrait of journalist Bill Moyers.Hugh Patrick Brown | The Chronicle Collection | Getty ImagesBill Moyers, the former White House press secretary who became one of television’s most honored journalists, masterfully using a visual medium to illuminate a world of ideas, died Thursday at age 91.Moyers died in a New York City hospital, according to longtime friend Tom Johnson, the former CEO of CNN and an assistant to Moyers during Lyndon B. Johnson’s administration. Moyers’ son William said his father died at Memorial Sloan Kettering in New York after a “long illness.”Moyers’ career ranged from youthful Baptist minister to deputy director…
The saying, “No, no, a thousand times no” remains a relevant cry as a news report suggests President Donald Trump may preemptively name a new Federal Reserve chairman nearly a year before Jerome Powell ‘s term expires. The Wall Street Journal reported on Wednesday that the president has already narrowed his choices down to several candidates to replace Powell, who he has referred to as a ” dummy ” or ” stupid ” for not having already cut interest rates as the president wants him to do. Naming a new Fed chief this early, effectively creating a so-called “shadow” chair…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyCNBC’s “Fast Money” traders discuss the day’s market action, their outlook for the banking sector, stock picks and more.05:335 hours ago Source link
A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty ImagesChina’s industrial profits plunged 9.1% in May from a year earlier, in the latest sign that Beijing’s stimulus efforts are falling short in boosting enterprises’ profitability.That marked the largest monthly decline since October last year, when the industrial profits dropped 10%.Cumulative profits at major industrial firms fell 1.1% in the first five months of 2025, compared to a year earlier, the data showed.Citibank earlier this week upgraded…
Jerry O’Callaghan, former chairman of JBS SA, center, speaks with a trader on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, June 25, 2025.Michael Nagle | Bloomberg | Getty ImagesI am Spriha Srivastava, CNBC International’s executive editor for digital, and I am writing to you today from Singapore.Enjoy!Share with me your thoughts on the newsletter and what you’d like to see more or less of. Markets this week? Totally unbothered — like they’re on a beach somewhere, sipping a cold drink and ignoring the headlines.Geopolitical tensions flared (again), oil prices plunged, and defense stocks…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” is joined by Gerard Cassidy, head of U.S. bank equity strategy and large cap bank analyst at RBC Capital Markets, to discuss the outlook for the banking industry, the upcoming results of the stress test and more. Source link
CNBC’s Jim Cramer on Thursday said he wanted to demonstrate that a broad group of stocks are seeing gains, reviewing some of the day’s best S&P 500 performers.”Everyone who warned you that the market was too narrow to go higher is now either closing out their short positions or getting their faces ripped off,” he said. “Neither’s a good thing.”Here are stocks that helped lead the broad market index on Thursday:Enphase Energy: Cramer said the possibility that Congress could preserve some solar tax credits is driving Enphase higher.Freeport-McMoRan: While Cramer said he doesn’t want to own this copper miner —…
