AYLESBURY, ENGLAND – JULY 24: UK Prime Minister Keir Starmer and Prime Minister Narendra Modi of India walk in the grounds at Chequers on July 24, 2025 in Aylesbury, England. Kin Cheung | Getty Images News | Getty ImagesU.K. and India’s bilateral trade is set to get a more than $34 billion annual boost over the long term following their free trade agreement, with the countries’ leaders calling it a “historic” deal.The FTA, which slashes duties on goods including textiles, alcohol and automobiles, was signed Thursday in the presence of Indian Prime Minister Narendra Modi and his UK counterpart, Keir…
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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.WASHINGTON, DC – JUNE 2: A NASA logo is displayed at the entrance to the Mary W. Jackson NASA Headquarters building on June 2, 2025 in Washington, DC. (Photo by Kevin Carter/Getty Images)Kevin Carter | Getty Images News | Getty ImagesOverview: HEADLINEFor half a year now, NASA’s been weathering a storm on every front, from its budget to its chain of command and potential program terminations. Employee uproar was an inevitable chapter of the saga.A group…
US President Donald Trump and Indian Prime Minister Narendra Modi attend “Howdy, Modi!” at NRG Stadium in Houston, Texas, September 22, 2019.Saul Loeb | Afp | Getty ImagesPressure on India to seal a trade deal with the U.S. has intensified this week ahead of a fast-approaching Aug. 1 deadline, which will see tariffs increase to 26%.A trade deal between the U.S. and Japan announced on Wednesday, which addressed sticking points on greater market access for American autos and agricultural products, has also added to the urgency for New Delhi.Like Japan, India has resisted greater market access for American agricultural products…
Opening callsGood morning from London.There’s just under an hour and a half to go until the final opening bell of the week, and regional indexes are currently looking poised to move into negative territory.Futures tied to the German DAX, Italian FTSE MIB and French CAC 40 indexes were all last seen trading 0.2% lower. Those tied to London’s FTSE 100 were last heading marginally lower.Regional shares ended the Thursday session higher, as investors focused on U.S.-EU trade talks, the European Central Bank’s widely anticipated interest rate hold and a flurry of corporate earnings.— Chloe Taylor Source link
A worker performs a final check on new Volkswagen ID.3 electric cars at the Volkswagen plant on May 14, 2025 in Dresden, Germany.Sean Gallup | Getty Images News | Getty ImagesGermany’s Volkswagen on Friday lowered its full-year guidance and reported a sharp drop in second-quarter profit, as the auto giant navigates the disruptive impact of U.S. tariffs.Europe’s biggest carmaker posted operating profit of 3.83 billion euros ($4.49 billion) for the three months through June, down 29% from 5.4 billion euros a year ago.Analysts had expected second-quarter profit to come in at 3.94 billion euros, according to a Factset-compiled consensus.Volkswagen reported second-quarter sales…
A bagpipe player wears traditional dress next to Donald Trump as he arrived at his Trump Turnberry Resort on June 24, 2016 in Ayr, Scotland.Getty ImagesAs U.S. President Donald Trump visits Scotland this week, the U.K. will be looking to further cement warm ties with the White House leader and to complete some important unfinished business.The president is due to visit two Trump-owned golf sites in Turnberry and Aberdeen between Friday and Tuesday, as well as one of his new golf courses that’s set to open in August.He’s also due to have an informal meeting with U.K. Prime Minister Keir Starmer…
Martin Barraud | Ojo Images | Getty ImagesAs President Donald Trump weighs ending capital gains taxes on home sales to bolster the housing market, experts say it’s possible to lower your bill without legislative changes.When asked about the idea this week in the Oval Office, Trump told reporters, “we’re thinking about that.”Under current law, you can trigger capital gains taxes for a primary home sale if your profit exceeds $250,000 for single filers or $500,000 for married couples filing together.More from Personal Finance:Trump floats ‘no tax on capital gains’ for home sales. Here’s who could benefitStudent loan forgiveness paused for…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin and ether both make gains while Solana slips to $188. Plus, Gerry O’Shea, head of global market insights for Hashdex, discusses the impact of the GENIUS Act on markets and what to expect for crypto in the second half of 2025.10:25Thu, Jul 24 20253:04 PM EDT Source link
CNBC’s Jim Cramer on Thursday affirmed his faith in the earnings power of artificial intelligence, telling investors that Big Tech hyperscalers aren’t spending too much on the new technology.”These companies aren’t overspending on AI, they are actually underspending on AI,” Cramer said. “See, this is a winner-take-all, loser-take-none situation. The only reason to spend less is if you don’t believe you can win.”Tech megacaps have been shelling out more and more money on AI as the race for dominance in the field intensifies. Meta, Amazon, Alphabet and Microsoft intend to spend as much as $320 billion combined on AI technology…
A Tesla vehicle is parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images Tesla’s going through a bumpy ride.The electric vehicle company on Wednesday reported a second consecutive quarter of declining auto sales. In Europe, Tesla’s market share fell for the sixth straight month to 2.8% in June from 3.4% a year ago.The Trump administration’s plans to reportedly roll back the U.S.’ push for cleaner vehicles will probably hit Tesla further. A $7,500 EV tax credit in the U.S. will expire at the end of September, indirectly raising the cost of Tesla…
