News from CNBC Business
What is your interest today?
China tariff 'stacking' pushes true cost of import taxes well above 30% on many consumer products
The combination of multiple tariffs on Chinese goods has significantly raised the overall import expenses for many products, resulting in higher financial burdens for businesses be...
Read Full Article →Novo Nordisk CEO to step down as Wegovy maker faces growing competition
The departure of the CEO at the Danish pharmaceutical company is expected to impact investor confidence as the firm navigates increased market rivalry and aims to sustain its finan...
Read Full Article →What fresh signs of life in the IPO market mean for Goldman Sachs
The recent activity involving fintech companies entering public markets suggests potential growth opportunities and increased investment interest, which could positively impact fin...
Read Full Article →How House GOP bill’s $4,000 senior 'bonus' compares to eliminating tax on Social Security benefits
The proposed legislation offers a $4,000 deduction for seniors, potentially affecting retirement incomes and altering the financial impact compared to removing taxes on Social Secu...
Read Full Article →Shares of Cartier owner Richemont jump 7% as shoppers splurge on jewelry despite luxury slowdown
Richemont experienced a notable increase in stock value following higher-than-anticipated quarterly revenue, driven by sustained demand for jewelry among affluent consumers despite...
Read Full Article →U.S., UAE agree on path for Emirates to buy top American AI chips, Trump says
The agreement between the U.S. and UAE could enhance technological trade relations and potentially increase revenue for American semiconductor manufacturers through new export oppo...
Read Full Article →China calls U.S. trade talks 'good' but quiet on next steps, as Trump hints at Xi call
Ongoing discussions between the United States and China have notable economic implications, with potential high-level communication influencing future trade policies and market sta...
Read Full Article →Japan assets saw record inflows in April as investors fled U.S. markets — their promise still holds
In April, Japan experienced unprecedented foreign investment in its stocks and bonds, highlighting increased global interest, although some analysts caution that this surge may not...
Read Full Article →Japan’s economy contracts for first time in a year as exports fall, shrinking by a more than expecte...
Japan’s economic output declined at an annualized rate of 0.7% in the first quarter, reflecting weaker external demand and surpassing prior projections of a smaller downturn.
Read Full Article →Jim Cramer unpacks CoreWeave's earnings: 'Demand for their computing power is clearly there'
CoreWeave's initial quarterly results demonstrated notable revenue growth, reflecting robust customer interest and increasing utilization of its specialized computing capabilities...
Read Full Article →Walmart's former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its...
Bill Simon, Walmart's previous U.S. CEO, believes the company has sufficient financial strength to handle increased trade duties and questions the overly negative outlook presented...
Read Full Article →Cerebras CEO says chipmaker's 'aspiration' is to hold IPO in 2025
Cerebras aims to enter the public market in 2025, which could provide the company with increased capital to accelerate development and expand its presence in the competitive AI har...
Read Full Article →Nvidia owned $900 million in CoreWeave stock as of March, filing shows
As of the end of March, Nvidia’s investment in CoreWeave represents a substantial financial stake, reflecting its interest in AI infrastructure and potential growth within the tech...
Read Full Article →Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth
Cava’s stronger-than-expected revenue and notable growth in existing locations highlight its financial strength amid a broader industry trend of reduced customer visits and declini...
Read Full Article →The U.S. has struggled for crypto clarity. Canada may have the answer
Canada’s well-defined cryptocurrency regulations have attracted significant investment from financial institutions, positioning the country as a growing hub for blockchain innovati...
Read Full Article →Jim Cramer: Walmart and these 2 retailers are best positioned to mitigate tariff price hikes
Walmart and two other major retailers are expected to handle increased costs from tariffs more effectively, potentially lessening the impact of price increases for shoppers in the...
Read Full Article →FBI warns of AI voice messages impersonating top U.S. officials
The use of advanced AI technology to mimic influential figures' voices poses increased risks of extensive monetary deception, potentially impacting numerous individuals and organiz...
Read Full Article →Coinbase confirms user metric investigation, says it's working with Trump's SEC to resolve
Coinbase is cooperating with regulatory authorities to address questions about its reported customer figures, which has contributed to a decline in the company’s stock value during...
Read Full Article →Walmart says it will hike some prices due to tariffs. Here’s what may cost more
Walmart anticipates increased costs for various products, including certain fruits, floral items, and children's playthings, as tariffs impact supply expenses, potentially leading...
Read Full Article →China keeps hold on rare earth metals after lifting some U.S. export curbs
China’s decision to ease certain export restrictions on select American companies temporarily affects global supply dynamics, maintaining its influential position in the rare earth...
Read Full Article →CoreWeave CEO defends capex plans, says company is meeting 'demand signals' from major hyperscalers
The company anticipates investing between $20 billion and $23 billion this year to expand its infrastructure, aligning expenditures with the increased requirements from leading hyp...
Read Full Article →Dick's Sporting Goods to acquire Foot Locker for $2.4 billion in effort to corner Nike market
The $2.4 billion acquisition of Foot Locker by Dick's Sporting Goods is expected to enhance market presence, expand global reach, and attract a younger demographic within the athle...
Read Full Article →Starbucks takes another step in the right direction — plus, mixed reviews on cyber stocks
Starbucks’ recent developments indicate potential growth opportunities, while technology-related stocks show varied performance, reflecting diverse investor sentiment in the curren...
Read Full Article →UnitedHealth Group shares plunge 18% on report of DOJ probe into possible Medicare fraud
The recent investigation by the Department of Justice has contributed to a significant decline in UnitedHealth Group's stock value, reflecting investor concerns about potential leg...
Read Full Article →Fed's Powell cautions about higher long-term rates as 'supply shocks' provide policy challenges
Federal Reserve Chair Powell indicated that evolving economic conditions and supply disruptions may lead to increased long-term borrowing costs, presenting ongoing challenges for m...
Read Full Article →Here's exactly how unaffordable today's housing market is — and where it's getting worse
Despite an increase in available properties, many potential homebuyers continue to face significant financial challenges due to persistently high prices and limited affordability i...
Read Full Article →EToro IPO filing cites Israel-Hamas conflict as potential business risk
eToro highlighted that ongoing regional instability and geopolitical challenges may adversely impact its business performance and financial outcomes, as disclosed in the risk secti...
Read Full Article →Cybersecurity firm Proofpoint to buy European rival for $1 billion as it eyes IPO
Proofpoint’s acquisition of a European competitor for $1 billion is a strategic move aimed at enhancing its market position and financial strength ahead of a potential public offer...
Read Full Article →Walmart CFO says price hikes from tariffs could start later this month, as retailer beats on earning...
Walmart's strong earnings performance contrasts with lower revenue, as the CFO indicated that costs may rise soon due to new tariff-related expenses impacting the company’s financi...
Read Full Article →Shark Tank alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots
Bombas’ appointment of experienced retail leader Jason LaRose as CEO signals a strategic move to expand its market presence and drive revenue growth beyond its initial direct-to-co...
Read Full Article →