Episodes

21h ago

The BoJ hikes interest rates to levels not seen for 30 years, causing yields to spike to multi-decade highs. Governor Kazuo Ueda says the central bank will continue to tighten should the economy move in line with forecasts. After a 16-hour summit, European Union leaders have agreed on a €90bn loan to Ukraine after failing in negotiations to unfreeze Russian assets. Nike scores a top and bottom line beat but the results are marred by poor sales in China, dragging the sports apparel giant’s shares down. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

1d ago

BP ousts its CEO Murray Auchincloss overnight following investor frustration with net zero strategy and share under-performance. He is replaced by Woodside Petroleum’s Meg O’Neill who becomes the oil major’s fourth boss in six years. EU leaders gather in Brussels at a crucial summit to decide funding for Ukraine. And European investors await ‘Super Thursday’ with central banks’ rates decisions expected from the ECB, Riksbank, Norgesbank and BoE later today. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

2d ago

European futures pint to the green and the UK government is buoyed by the November CPI year-on-year print which came in 0.3 per cent lower than expected. The services CPI is down 0.2 per cent, beating expectations for the month. CNBC sources have learned that Open AI is in talks with Amazon over a potential tie-up worth more than $10bn following Sam Altman’s negotiations with Microsoft which allows the firm to reach across the tech sector. Crude prices edge higher after President Trump’s classification of the Maduro regime in Venezuela a foreign terrorist organisation as well as ordering of a blockade of sanctioned oil tankers. The Venezuelan government says the move is in breach of international law. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

3d ago

The A.I. stock sell-off continues with U.S. futures suggesting a day in the red. Investors now await the U.S. jobs report later today. President Trump signals that a Ukraine peace deal is ‘closer now than we have been, ever’ causing European defence stocks to tumble. However, any breakthrough on Ukrainian territorial issues remains a major sticking point. In crypto news, Bitcoin claws back some ground lost after sinking below the $86k-mark in yesterday’s session – its lowest level of the year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

4d ago

European markets are set to open in the green following Friday’s A.I.-led stock sell-off ahead of a variety of data prints and rate decisions later in the week. Ukraine abandons demands for NATO membership with peace talks continuing in Berlin. Security is increased at Hannukah events worldwide following the massacre of 15 people by two I.S.-inspired gunmen on Bondi Beach, Sydney yesterday. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 12

UK GDP data for October disappoints coming in at -0.1 per cent month on month with services output falling by 0.3 per cent. Oracle shares tumble to their lowest level since January as investors show their concern over the company’s A.I.-related splurge but global markets reached new record highs during yesterday’s session with the S&P 500 breaking through the 6,900-point mark for the first time. Disney and Open A.I. join forces in a $1bn deal with the entertainment giant licensing its characters to feature in the Sora video creation app. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 11

The Fed delivers a rate cut - but the most significant dissent in six years, and division over the policy outlook, reveal a split within the central bank. Nasdaq futures falter as Oracle's data centre spend surges, sending the stock down by double-digit percentage points in extended trade - as Norway's Sovereign Wealth fund shows caution on investing in the infrastructure. Bitcoin slips, briefly dipping below $90,000 and extending a fourth quarter downturn as traders brace for a potential crypto winner. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 10

Markets fully price in a 25-basis point cut at today’s Federal Reserve meeting, while deep divisions within the central bank put investors on edge about the potential for easing next year. Chinese consumer prices rise at their fastest level in two years, but factory gate prices remain in deflation territory for the 38th month in a row. Donald Trump condemns European leaders as ‘weak’ and says they ‘don’t know what to do’. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 9

The Federal Reserve is deeply divided over its December rate decision as hawkish commentary around the FOMC’s two-day meeting causes jitters among investors. President Trump is set to authorise exports of Nvidia’s H200 chip to ‘approved’ customers in China with 25 per cent of sales to be paid to the U.S. government as part of the agreement. Paramount has launched a last-minute $100bn offer for Warner Brothers Discovery in an attempt to thwart Netflix’s acquisition. Paramount CEO David Ellison says a deal with Neflix could potentially destroy Hollywood. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 8

Investors anticipate a Fed Christmas rate cut later this week with other central banks’ final policy meetings potentially following suit. Soaring Chinese exports to the EU push the country’s surplus beyond $1bn for the first time. Outbound shipments are up almost 6 per cent on the year with French President Emmanuel Macron threatening to slap tariffs on Beijing. Swiss lender UBS could soon benefit from the loosening of a banking regulation package which would otherwise require it to raise an additional $24bn in capital. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 5

Global bond yields rise amid complicated pictures in the USA and Japan. Treasurys saw yields rise on stronger U.S. jobs data, while deepening expectations of a rate hike by the BOJ sees JGB prices fall. Elsewhere, Netflix has reportedly won the battle over Warner Bros Discovery; and Meta shares rise on reports the company is planning sweeping cuts to its ‘metaverse’ unit, a former darling of CEO Mark Zuckerburg. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 4

European markets are cautiously optimistic as weaker U.S. payrolls data overnight boosted hopes of a Fed rate cut next week. It’s a heavy day for geopolitics – French President Emmanuel Macron is in Beijing for a meeting with his Chinese counterpart Xi Jinping, with focus centered on expanding partnership and deepening understanding amid increased trade tensions. Elsewhere, the European Commission presented the details of its plan to use frozen Russian assets to help finance Ukraine. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 3

Risk sentiment is reentering markets this morning after AI optimism fueled gains in the U.S. overnight. Also in recovery is Bitcoin, which is surging higher following a week of brutal loses. On the geopolitical front, Russia and the U.S. failed to reach consensus on a deal to end the war in Ukraine, despite five hours of talks in Moscow. Elsewhere, two big AI names, Anthropic and OpenAI, in focus – Reports suggest Anthropic is in early talks to launch what would be one of the largest IPOs in history next year; while OpenAI CEO Sam Altman issued a companywide ‘code red’ memo this week, warning employees over increasing competition in the chat bot space. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 2

November was a whirlwind month for cryptocurrencies, and it seems that volatility is carrying over into December with Bitcoin posting its worst single day decline since March yesterday. Meanwhile, the head of the U.K.’s budget watchdog resigned after the OBR accidently released its report ahead of Chancellor Rachel Reeves’ budget last week. And in an exclusive interview with CNBC, the Bank of England’s Megan Greene laid out her outlook for the economy, and what she’d need to see in the labour market and inflation figures to prompt a rate cut. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 1

Markets eye a cautious start to December with risk-off sentiment still very much in play amid AI valuation fears and continuing weakness in cryptocurrencies. U.K. Chancellor Rachel Reeves faces fresh scrutiny as claims swirl that she misled the public about the state of the country’s finances ahead of the budget last week. Progress continues over Ukraine – U.S. officials met with Ukrainian negotiators over the weekend, while a U.S. delegation heads to Russia to hammer out the details of a peace deal. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 28

U.S. markets return following the Thanksgiving holiday but a technical glitch at a CME Group data centre impacts futures trading across equities, treasuries and commodities. European markets see out a turbulent month of November having seen large moves within the tech, health and defence sectors. The Nasdaq break a seven-month winning streak due to ongoing concerns around A.I. stock valuations. Russian President, Vladimir Putin comments on Ukrainian-American peace efforts, saying the talks could form the foundation of a future agreement ahead of next week’s talks with Hungarian PM Viktor Orban and the U.S. envoy Steve Witkoff. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 27

UK Chancellor Rachel Reeves raises the tax burden to an all-time high in her autumn budget, calling them ‘her choices’. Markets, however, remain sanguine with gilts falling and sterling pushing higher. German sportswear brand Puma sees shares surge on reports of a takeover bid from Chinese giant Anta Sports. And at the Adopt A.I. Action Summit in Paris, we hear from Airbus CEO Guillaume Faury who says European aerospace and defence companies are enthusiastic about scaling up to lead the way into what could become a new global space race. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 26

UK Chancellor Rachel Reeves is forewarning the country of ‘necessary choices’ to fill a £30bn fiscal hole ahead of her much anticipated high-stakes Budget later today. The Dow enjoys its best session since August, boosted by reports that Alphabet chips are attracting interest from social media giant Meta. Ukrainian President Volodomyr Zelenskyy says he is ready to progress on a revised peace plan for his country and is pushing for in-depth talks with President Trump later this week. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 25

U.S. tech stocks start the new week in the green and the Nasdaq notches its best day in 6 months with Alphabet shares approaching the $4tn market valuation mark. The U.S. and Ukraine put forward a revised peace plan following 2 days of discussions in Geneva but the most contested points remain to be finalised by both presidents. The talks will now reportedly move to Abu Dhabi with a delegation arriving from Moscow. The UK’s fiscal watchdog, the Office for Budget Responsibility, is set to downgrade the country’s growth outlook a day before Chancellor Rachel Reeves’ high-stakes budget. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 24

The U.S. and Ukraine find common ground on an ‘updated and refined’ peace agreement but the deal comes under criticism from President Trump and questions grow as to its origins. Markets on both sides of the Atlantic are set to begin the new trading week in the green as NY Federal Chairman John Williams suggests a rate cut could be imminent following a weakening employment print. And in mining news, BHP says it will abandon a last-ditch bid for rival Anglo American following news of a revised second offer more than a year and half since its initial approach See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 21

U.S. markets experience their largest single-day reversal since April with the Nasdaq plunging from a high of 2.5 per cent to end the session more than 2 per cent in the red. Following a strong jobs report, investors are now cutting the odds of a final interest rate cut for the year next month. Asia has followed suit overnight with tech stocks selling off while futures in Europe also point south. A U.S.-brokered peace agreement for Ukraine will reportedly demand key concessions from Kyiv which could include ceding land it currently controls as well as giving up its bid for NATO membership. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 20

Nvidia beats expectations in Q3 earnings and guides beyond projections for 2026, sending shares up 5 per cent in after-hours trading. CEO Jensen Huang remains sanguine about over-stretched A.I. valuations. A relief rally moves through global equities and Bitcoin. Chip makers in Asia see shares rise as a result while European and U.S. futures point higher for the session ahead. President Trump slams Federal Reserve Chairman Jerome Powell over inflation and urges Treasury Secretary Scott Bessent to help bring down interest rates. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 19

Tech stocks continue to sell off Stateside while Europe’s Stoxx 600 ends yesterday’s session at a one-month low and the DAX plunges to its lowest level since June. Chip giant Nvidia results are due after the bell today with analysts anticipating a sharp rise in sales amid any signs of an A.I. bubble. President Trump hosts Saudi Arabia’s Crown Prince Mohammed bin Salman at the White House, calling the Kingdom ‘a major non-NATO ally’. Trump also struck an optimistic tone regarding the expansion of the Abraham Accords to foster stability in the Middle East. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 18

European markets are sharply in the red amid an accelerating global sell-off. Investors are now awaiting economic data prints Stateside following the recent re-opening of the federal government. Big technology stocks remain under pressure as fears of A.I. over-valuations show no signs of abating. In crypto news, Bitcoin sees its gains for the year wiped out and there are concerns a bigger rout still lies ahead. The European Commission hikes its growth forecast for the year despite predictions that government deficits are set to rise over the next few years. European Economy Commissioner Valdis Dombrovskis warns CNBC any downturn in markets would knock investor confidence in the bloc. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 17

The Nasdaq ends a second consecutive week in the red with investors awaiting Nvidia results and a delayed U.S. jobs print later this week. German finance minister Lars Klingbeil is in Beijing for talks with Vice Premier He Lifeng to reassess economic ties between the two countries. Switzerland is eyeing major U.S. investments after the Trump administration cut tariffs down to 15 per cent. USTR Jaimeson Greer says the EU’s tariffs on U.S. goods remain too high and the bloc was slow in cutting back levies. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 14

A sell-off in the Nasdaq and several major tech firms continues to fuel investor concerns over A.I. valuations while hopes of an interest rate cut by the Fed’s December now only stand at 50 per cent. UK Chancellor Rachel Reeves is reportedly now set to scrap her manifesto-breaking plan to hike income tax after all as voter and party anger swells. Siemens Energy posts FY adjusted profit of 600 per cent and boosts its guidance with A.I. data centres continuing to drive energy demand. CEO Christian Bruch tells CNBC his company is well positioned to meet the needs. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 13

President Trump signs a new Federal funding package to end the 43-day government shutdown – the longest in U.S. history. Trump has railed against the Democrats over the $1tn cost involved during the delay to passing the bill. In Europe, the Stoxx600 passes another milestone with benchmarks across the Continent rallying, including the FTSE 100 which nears the 10,000-mark. German engineering giant Siemens posts record net income for the third consecutive year but falls short of expectations with quarterly profits down and the firm set to slash its $39bn stake in Siemens Healthineers. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 12

Market jitters over A.I. valuations persist. ‘Big Short’ investor Michael Burry says hyper-scalers are overstating their earnings while Japan’s Softbank sees its share price plunge following the sale of its stake in Nvidia. The company has pledged to double down on its OpenAI investment. Germany’s Infineon hikes the FY forecast for its A.I. data centre revenue despite Q4 earnings coming in below expectations. CFO Sven Schneider is confident the A.I. boom will continue to drive the company’s success. And in UK politics, a briefing war is raging with reports and counter-reports of a Labour leadership contest to oust Prime Minister Sir Keir Starmer just a fortnight before his Chancellor’s high-stakes budget. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 11

The U.S. Senate passes a bill that could re-open government within days and restore federal funding programs until the end of January. Markets have reacted positively to the news with the Nasdaq posting its best session since May. President Trump is mulling tariff relief for Switzerland with some reports suggesting levies could be slashed from 39 per cent to 15 per cent. And in tech news, Softbank posts a $19bn gain at its Vision Fund following investment into OpenAI. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 10

The U.S. Senate progressed a deal towards ending the longest U.S. Government shutdown in history. Eight democrats joined all but one republican in voting to move forward with a funding bill that will keep the U.S. Government liquid through January 30th, drawing rebuke from Democratic party leaders given the deal’s lack of guarantees on healthcare. Meanwhile, China will resume exports of Nexperia chips following a row with the Dutch government, potentially giving a boost to the autos industry which had been hit by the supply shock. In pharma news, the battle between Pfizer and Novo Nordisk for weight-loss biotech Metsera has ended, with the Danish conglomerate losing out in the $10 billion deal. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 7

The global tech sell-off resumes on persistent A.I. valuation and central bank policy fears. The Bank of England held rates steady at 4.00% yesterday in a tight 5-4 split. BOE Governor Andrew Bailey tells CNBC’s Ritika Gupta that inflation is still his primary focus, despite the recent softening in the labour market. Meanwhile, Tesla shareholders approved Elon Musk’s $1 trillion pay package, the payout of which hinges on the CEO reaching lofty targets on humanoids and robo-taxis. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 6

Global markets stabilize following the valuation-fueled tech rout, though the outlook for A.I. adoption remains mixed. In the U.S., the Supreme Court is hearing arguments over the legality of President Trump’s sweeping tariff agenda, with legal scholars split over the likely outcome. In the U.K., focus is back on the Bank of England ahead of today’s rate decision, with analysts split over the path forward given the recent spate of weaker data. It’s another busy day on the earnings front – Commerzbank reported a surprise fall in third quarter profit, though raised its revenue outlook with CEO Bettina Orlopp telling CNBC net interest income is improving. Meanwhile, the UK’s most valuable company, AstraZeneca, reported a strong set of results, beating on revenue and EPS while reiterating its full year guidance. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 5

Global markets are in the red as concerns mount over A.I. stocks being over-valued, prompting a tech sell-off. In the U.S., Democrats record wins in key gubernatorial races in Virginia and New Jersey while in New York City, far-left candidate Zohran Mamdani claims victory to become mayor. Danish pharma giant Novo Nordisk slashes its top-end forecasts as sales growth expectations for its flagship obesity drugs tumble. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 4

UK Chancellor of the Exchequer Rachel Reeves signals a slew of tax hikes in her upcoming budget while Prime Minister Sir Keir Starmer has warned MPs in the House Of Commons of the need to make ‘tough but fair’ decisions. Philips posts a 3 per cent growth in sales in the third quarter and has hiked its FY margin forecast. In tech news, OpenAI inks a $30bn deal with Amazon to use its AWS cloud infrastructure while Microsoft wins approval to export Nvidia chips to the UAE. CEO Brad Smith tells CNBC that A.I. investments will eventually bear fruit. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 3

China relaxes restrictions on rare earth exports and stops investigations into the chip sector following last week’s trade agreement with the U.S. President Trump signals continued opposition to exports of Nvidia’s most advanced chips. Crude extends gains following Opec+ nations’ announcement that it would pause further output hikes going into the first quarter next year. In aviation news, Ryanair posts an H1 profit beat and predicts stronger footfall. CEO Michael O’Leary slams UK APD policy, telling CNBC UK Chancellor Rachel Reeves ‘hasn’t a clue’ about stimulating economic growth. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 31

Nvidia announces a slew of deals with major South Korean firms involving more than 250,000 Blackwell A.I. chips with CEO Jensen Huang due to address the APEC summit in Gyeongju. Apple posts a Q3 beat thanks to strong iPhone sales while Amazon shares are up 13 per cent in after-hours trade following its fastest growth in cloud computing in years. In Frankfurt, the ECB holds rates steady at 2 per cent for the third consecutive meeting. President Christine Lagarde tells our Italian colleagues at Class CNBC she believes the continent is “in good place”. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 30

President Trump slashes tariffs on China to 47 per cent following a “12 out of 10 meeting” with his Chinese counterpart Xi Jinping in the South Korean city of Busan. Trump said that all rare earth restrictions had been lifted as one of several concessions from Beijing. Federal reserve Chairman Jerome Powell casts off assumptions of a definite December rate cut following the FOMC’s decision to cut rates by 25bps – their lowest level in three years – causing markets to waver. Airbus posts a Q3 net profit beat and confirms FY guidance despite scaling back production targets for the A220. CEO Guillaume Faury told CNBC that so far US-EU tariffs have not disrupted the plane maker’s supply chains. However, U.S. tariffs and Porsche’s abandonment of EVs for petrol engines push Volkswagen to a €1.3bn quarterly loss. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 29

UBS posts a pre-tax quarterly profit surge of 47 per cent. We hear from CEO Sergio Ermotti who shrugs off concerns about credit stress. President Trump lands in South Korea where he is due to meet with his Chinese counterpart Xi Jinping. He struck a positive tone speaking to CEOs at the APEC summit in Gyeongju, hoping for a trade deal with China that would see tariffs cut and be “welcomed by the world”. AI stocks push Wall Street to new record highs ahead of todays Federal Reserve rate decision. Nvidia unveils a spree of new bookings at its GTC even in Washington D.C. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 28

Swiss pharma giant Novartis sees Q3 income up by a quarter, allowing it to achieve its FY guidance and countering the fall in generic drug sales Stateside. BNP maintains its forecasts despite Q3 net income and revenue missing expectations. The French bank says it is determined to appeal a U.S. jury’s verdict that ruled it breached sanctions on Sudan during the reign of President Omar al-Bashir. UK lender HSBC sees Q3 profits fall by 14 per cent on the back of legal provisions on a Bernie Madoff-related lawsuit. However, the bank still beat forecasts and hiked its net income guidance for the year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 27

The U.S. and China agree the framework of a trade deal with Presidents Trump and Xi Jinping due to meet later this week in South Korea. U.S. Treasury Secretary Scott Bessent says the move will help to dial down any further trade tensions between the two nations. Equity markets in Greater China have responded positively to the news while the Nasdaq is set to start the week 1 per cent higher. France has avoided a hat-trick of ratings agency downgrades, but Moody’s has revised its forecast for the country to ‘negative’, citing ongoing political turmoil and deficit fears. Swiss pharma giant Novartis has swooped for U.S. biotech firm Avidity in a $12bn cash deal. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 24

U.S. President Trump ceases all trade talks with Canada following an advertising campaign using former U.S. president Ronald Reagan to critique the current administration’s tariff policy. In Brussels, EU leaders fail to agree on the use of frozen Russian assets to bolster Ukraine’s war effort but European Commission President Ursula Von Der Leyen says the bloc will continue to increase pressure on Moscow. Chinese and Indian state-backed firms are reportedly adjusting their energy policies in the wake of new U.S. sanctions on Russian oil. We hear from the U.S. ambassador to the EU, Andrew Puzder, who says President Trump’s efforts to end the Ukraine conflict are genuine. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 23

Tesla quarterly earnings disappoint due to elevated costs, sending shares down in extended trade. CEO Elon Musk has defended his $1tn pay packet. Luxury giant Kering posts a small improvement in like-for-like sales while cloud computing firm SAP falls short of quarterly expectations. U.S. President Donald Trump slaps ‘tremendous’ new sanctions on two of Russia’s biggest oil firms – Lukoil and Rosneft – in a bid to bring Moscow to the negotiating table over the war in Ukraine. European Commission Vice-President Kaja Kallas tells CNBC Trump’s move is a ‘signal of strength’. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 22

Unicredit posts a bottom-line quarterly beat thanks to stronger-than-expected income within its trading unit. We hear from CEO Andrea Orcel who says he’s ‘not given up’ efforts at a takeover of German lender Commerzbank. In retail news, Adidas hikes its FY guidance but French luxury firm L’Oréal misses sales expectations. And brewing giant Heineken manages to stem a slump in Q3 sales but says that an uncertain outlook has prompted it to slash FY volume guidance. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 21

Sanae Takaichi is elected as Japan’s first ever female prime minister after her LDP party agreed to a coalition deal with right-wing partners Japan Innovation Party. U.S. credit risk jitters ease and markets enjoy a comeback rally as investors now eye this week’s corporate earnings and a potential trade truce between the U.S. and China. In Europe, EU leaders rally around Ukrainian President Volodomyr Zelenskyy following last week’s meeting with President Trump at the White House. Zelenskyy is due in London for meetings with the Coalition of the Willing. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 20

European futures are back in the green following Friday’s market rout as contagion fears subside about a series of bad loans in the U.S. We hear from UK Chancellor Rachel Reeves who says she aims to tackle the headwinds facing the British economy in November’s budget while remaining unwavering to her fiscal commitments. In luxury news, Kering agrees to spin off its beauty division to L’Oréal in a $4bn deal as new CEO Luca De Meo aims to cut debt and refocus the group towards fashion. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 17

ECB board members continue to dampen hopes of further rate cuts. We hear from the heads of the Austrian and Croatian central banks who believe risks remain on both sides. U.S. President Donald Trump has hailed a ‘very good phone call’ with his Russian counterpart Vladimir Putin ahead of Ukraine talks in Budapest. President Volodomyr Zelenskyy is due to hold talks at the White House later today. And in banking news, the U.S.-listed shares giant BBVA pop after the Spanish giant failed in its €17bn hostile takeover bid of rival lender Sabadell. It did not manage to reach the 30 per cent threshold to be granted a second attempt. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 16

We hear from a slew of ECB board governors at the IMF Annual Meetings in Washington where they tell us the European economy is on the right trajectory to bringing inflation down and to boost growth but they remain divided over on how to tackle potential future pitfalls. U.S. Treasury Secretary Scott Bessent tells CNBC the White House will act in the U.S.’s best interest as the trade war with China threatens to flare up once again. Bessent said the stock market will not influence any U.S. government decisions. Nestlé posts better than expected Q3 sales with investors anticipating new CEO Philippe Navratil’s new strategy for the Swiss food giant. And in tech news, the world’s largest contract chip maker, TSMC, posts a near 40% rise in net profit in the third quarter. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 15

ECB President Christine Lagarde refuses to call an end to the central bank’s interest rate cutting cycle despite hailing the resilience of euro zone economies. Lagarde tells our colleagues Stateside she is anticipating all risks. Dutch chip maker ALSM posts net bookings ahead of forecasts for Q3 and is expecting stable sales next year despite a major slowdown in Chinese demand. Luxury giant LVMH posts a 1 per cent increase in third quarter sales thanks to a rebound in the Chinese market. We speak to the CEO of Swiss watch maker Breitling, Georges Kern, who says an easing of political tensions would immediately boost luxury goods consumption. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 14

The S&P 500 and Nasdaq enjoy their best session since May, even as trade tensions with China simmer while Broadcom jumps 10% after becoming the latest chipmaker to ink a deal with OpenAI. President Trump declares the end of the war in Gaza, as the last living Israeli hostages are returned and hundreds of Palestinian detainees are released. At a special summit in Egypt, Trump points to an era of peace. Silver prices set an all-time high after a historic short-squeeze on the London market. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 13

Futures point to a stock market rebound across Europe and the US as President Trump says 'it will all be fine' - after triggering a Friday sell-off with his 100% tariff threat against China. Meanwhile, Israel's military says the first hostages have been released by Hamas under the Gaza ceasefire agreement, as President Trump flies into the region. Iraq's Prime Minister tells CNBC he hopes today marks the start of lasting peace. Over in France, Sebastian Lecornu unveils his new government, two days after being reappointed Prime Minister - and prepares to present a budget proposal today. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 10

The U.S. government shutdown continues into a tenth day, dragging the Dow to its worst session in almost a month. Europe’s Stoxx 600, however, enjoys its longest week-to-week winning streak since August. We are live in Paris where the office of President Macron has pledged to pick his new prime minister – France’s sixth in less than two years – by the end of today. The Israeli cabinet has ratified President Trump’s ceasefire deal with Hamas which could see operations in Gaza suspended within 24 hours and Israeli hostages freed by the start of next week. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 9

Israel and Hamas agree on the first phase of a U.S.-brokered ceasefire deal and hostage return in what is a crucial first step to ending the two-year conflict. We are live in Paris where outgoing Prime Minister Sebastian Lecornu predicts France should have a replacement for his post within 48 hours as lawmakers attempt to calm the latest political turmoil engulfing the country. In Hong Kong, listed shares of HSBC nosedive after the lender announces it will cease buybacks for three years in a proposal to take Hang Seng Bank private. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 8

Fears of a strong A.I.-fueled rally puts an end to a seven-day winning streak for the S&P 500 but gold shows no sign of stopping, breaking through the symbolic $4000/oz level. The U.S. government shutdown enters its second week with little hope of any breakthrough. President Trump has hinted he could deny back-pay for certain federal workers. And BMW is forced to slash its FY sales forecasts on the back of U.S. tariffs and poor Chinese demand. The German auto maker now says a dip on the year looks inevitable. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 7

French President Emmanuel Macron scrambles to deal with the fallout of Prime Minister Sebastian Lecornu’s shock resignation yesterday which caused yields to soar and French equities to plunge. The U.S. government shutdown continues, edging gold prices ever closer to the landmark $4,000 mark. And in tech news, chip designer AMD sees shares skyrocket by up to 20 per cent following its multi-billion dollar tie-up with ChatGPT maker OpenAI. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 6

The Nikkei hits an all-time high, surpassing the 48k-mark for the first time ever following the ruling LDP leadership vote which will see Sanae Takaichi installed as the country’s first female prime minister. The U.S. government shutdown enters its sixth day with President Trump threatening mass federal lay-offs. In France, new prime minister Sebastien Lecornu picks his new cabinet with Macron ally Roland Lescure set to become the country’s new finance minister See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 2

Equity markets on both sides of The Pond notch another week of record highs as investors seem to shrug off any concerns relating the U.S. government shutdown. Into its third day, President Trump continues to warn that the shutdown will result in mass Federal agency lay-offs. U.S. Treasury Secretary Scott Bessent tells CNBC the Democrats are responsible for the shutdown and will feel its ‘ramifications’. And in autos news, Tesla posts record Q3 deliveries but shares are down as investors fear the fallout for the sector as EV tax credits expire. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 1

The U.S. government remains shut down but President Trump says his administration will use the opportunity to save money in key areas. Markets remain sanguine with the Stoxx 600 and the S&P 500 recording all-time highs. In Copenhagen, European leaders back the introduction of drone walls to block increasing Russian incursions. The bloc falls short of agreeing to use frozen Russian assets to help with the reconstruction of Ukraine. OpenAI unveils its latest partnership with South Korea’s Samsung and SK Hynix, sending both companies’ shares soaring. Meanwhile, we are live at Italian Tech Week in Turin where the CTO of Microsoft, Kevin Scott, tells us OpenAI is key to his firm’s future. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 1

The U.S. government shuts down after Democrats and Republicans failed to agree on a federal funding deal. President Trump has warned of lay-offs. Ahead of today’s EU summit in Copenhagen, we speak exclusively to Luxembourg’s Prime Minister, Luc Friedman, who says that the bloc must provide stronger deterrence in the face of an increasingly hostile Russia. Sports giant Nike posts a surprise growth in sales which has pushed its stock up by almost 5 per cent as its turnaround strategy begins to pay off. The retailer warned, however, that progress will not necessarily be linear. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 26

Pharma stocks in Asia plunge following President Trump slapping tariffs of up to 100 per cent on the sector with the EU avoiding the brunt of the impact due to its trade deal with the U.S. Q2 GDP in the U.S. expands by more than expected, notching the fastest pace of growth in almost two years. President Trump signs an executive order to keep TikTok operational Stateside. The company is valued at $14bn but Beijing avoids commenting on the deal. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 24

We are live in Canary Wharf with Squawk On The Road where the UK’s economic outlook is front and centre. We’ll be speaking to business leaders and executives to get their take on the national forecast. Federal Reserve Chairman Jerome Powell cools rate cut expectations sending both U.S. and European stocks into the red. Powell said the current economic situation Stateside poses ‘two-sided risks’. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 23

Nvidia unveils plans for a $100bn investment in Open A.I. with the two firms partnering on data centres. CEOs Jensen Huang and Sam Altman tell CNBC the giant investment will release the sector’s potential. Dutch chip equipment maker ASMI slashes its FY forecasts, citing disappointing demand in two key units. Fed board governor and Trump ally Stephen Miran urges the central bank to cut rates by almost two percentage points. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 22

The U.S. unveils an H-1B visa with a $100,000 price tag which has sent shockwaves through U.S.-based tech sector companies. Indian tech stocks have plunged in early trade as a result. President Trump says he has an agreement with Chinese President Xi Jinping to keep TikTok operational in the United States with Oracle chairman Larry Ellison and media mogul Lachlan Murdoch set to be investors. The UK joins Portugal, Canada and Australia in recognising Palestinian statehood ahead of the UNGA. And in banking news, Spain’s BBVA has upped the ante to increase a hostile takeover bid for smaller rival Banco Sabadell. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 19

President Trump ends his second state visit to the UK by signing a ‘tech prosperity deal’ with the country and haling the ‘special relationship’ between the two countries. UK Prime Minister Sir Keir Starmer heralds the agreement as the biggest investment package of its kind. The BoE keeps interest rates steady and reins in bond sales. Governor Andrew Bailey admits that the path for future cuts is now uncertain. Intel shares are up following Nvidia’s purchase of a $5bn stake in the chip maker. Nvidia CEO Jensen Huang describes the move is ‘an incredible investment. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 18

U.S. Federal Reserve Chairman Jerome Powell delivers a long-anticipated rate cut as labour market concerns mount Stateside. President Trump is treated to a series of royal ceremonies, military parades, a flypast and a lavish white-tie banquet during his unprecedented second state visit to the UK. Today the focus turns to trade deals and a business roundtable together with Prime Minister Sir Keir Starmer. And in the City, investors await a potential Bank of England rate hold and whether policy makers move to rein in the pace of UK gilts. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 17

U.S. tech companies unveil more than $50bn in UK investments as President Trump arrives in the country for an unprecedented second state visit. CPI figures in the UK come in at 3.8 per cent – up 0.3 per cent month-on-month in August. In the U.S., investors are braced for a key rate decision from the Federal Reserve. U.S. Treasury Secretary Scott Bessent says the central bank has been behind the curve and now expects movement from the central bank. Swiss food giant Nestlé’s chairman Paul Bulcke steps down after almost 10 years at the helm. Pablo Isa has been named his successor, just weeks after the sudden departure of CEO Laurent Freixe due to the revelation of romantic improprieties with a subordinate co-worker. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 16

Google is the latest U.S company to unveil a UK investment as President Trump prepares to fly into the country for his historic second state visit. Trump is also due to speak to his Chinee counterpart President Xi Jinping on Friday following reportedly successful trade talks about TikTok’s ownership. With the FOMC convening, traders are anticipating a cut from the central bank as board of governors Trump nominee Stephen Miran is confirmed by the Senate. However, an appeals court rejects the President’s decision to fire Fed governor Lisa Cook over claims she committed mortgage fraud. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 15

Chinese manufacturing growth in August came in at its weakest for a year while retail sales slumped to a nine-month low. Fitch downgrades France's credit rating to A+ from AA- due to a rising debt ratio and political upheaval following the collapse of Francois Bayrou's government. The UK announces investment from big banks and a nuclear power agreement ahead of President Trump's second state visit. However, several large pharmaceutical companies are snubbing further investment in the UK following a falling out over drug pricing. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 12

U.S. core inflation data comes in as expected while unemployment claims are almost at 4-year highs which boosts hopes of a Fed rate cut next week. Global equities respond by pushing into the green. U.S. Treasury Secretary Scott Bessent is set to hold talks with Chinese Vice-Premier He Lifeng in Madrid next week. Top of the agenda will be trade, security and Tik Tok’s presence in the U.S. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 11

A 36 per cent surge in Oracle shares helps to fuel a second day in the green for the S&P 500 after the tech giant announced a series of multi-billion dollar A.I. cloud deals. A police manhunt is under way following the assassination of conservative activist and founder of Turning Point USA, Charlie Kirk, at a university campus event in Utah. The ECB is expected to hold interest rates steady today but further cuts are still expected by year-end as French political gridlock threatens wider growth across the euro zone. And buy-now, pay-later lender Klarna makes its public debut on the NYSE, breathing new life into Wall Street’s capital markets. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 10

Israel fires missiles at Hamas’ leadership targets in Qatar, undermining hopes of a ceasefire in Gaza and drawing the ire of President Trump. Emmanuel Macron appoints defence minister Sebastien Lecornu as his next prime minister. Lecornu is now tasked with passing the government’s reform agenda as well as a its fiscal package. A U.S. judge has temporarily prevented President Trump from firing Fed governor Lisa Cook over alleged mortgage improprieties, saying that the claims of fraud before she was appointed would not constitute grounds for removal. And in pharma news, drug maker Novo Nordisk is set to slash up to 9,000 jobs on the back of weaker sales and strong competition Stateside. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 9

We are live in Paris where the French government has collapsed after Prime Minister Francois Bayrou loses a vote of confidence over his austerity budget. France will now seek its fifth prime minister in less than two years. Bayrou warned lawmakers that while they can oust him, they cannot ‘erase reality’ about the country’s ballooning debt. We are also in Munich at the IAA Mobility 2025 show where European car makers show off their latest models with Chinese rivals cranking up the pressure across the Continent. Xpeng boss He Xiaopeng tells CNBC he plans to take his mass-market Mona brand overseas next year. At the Gastech summit in Milan we speak to TotalEnergies CEO Patrick Pouyanné who says European energy markets must diversify in the face of Opec+ output hikes, U.S. tariffs and tighter sanctions on Russia. And the European single market also dominates discussions at the Ambrosetti Forum with former Italian Prime Minister Enrico Letta telling this channel that President Trump’s tariffs have served as a ‘federator’ for European unity. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 8

We hear from U.S. Senator Richard Blumenthal at the Ambrosetti Forum who calls last week’s military parade attendees in Beijing “a tableau of tyrants”. The Democratic senator for Connecticut urged the U.S. and Europe to present a united front against an “axis of upheaval”. Japanese Prime Minister Shigeru Ishiba resigns after less than a year in power following a sequence of failed elections. The Nikkei, however, surges on anticipation Ishiba’s successor may usher in wider fiscal loosening. French Prime Minister Francois Bayrou is on the verge of being ousted in today’s vote of no confidence in his austerity budget - a result which will raise concern over France’s ability to cut debt and spending. In oil news, Opec+ nations move to unwind production cuts, boosting output by 137,000bpd in October as Saudi Arabia looks to reassert its market dominance. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 5

We are live on the shores of Lake Como in Italy where trade and defence will the focus at the Ambrosetti Forum. We hear from Nobel laureate Joseph Stiglitz who says the EU should have performed better in trade negotiations with the U.S. The S&P 500 hits a new record high and bond yields fall following this week’s multi-year highs as markets await today’s U.S. jobs data, hoping for further Fed rates easing. Ukrainian allies agree to post-war security guarantees at a summit in Paris with arrangements made for international troops to be stationed on land and at sea, despite admitting that a peace deal remains elusive. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 4

The recent bond rout calms but deeper concerns about the global fiscal picture keeps bond yields at multi-year highs. We hear from Commerzbank CEO Bettina Orlopp who says markets should closely monitor government responses. In the U.S., a soft jobs reports raises hopes of a September rate cut and helps ease pressure on the bond market. Fed chair candidate pick Christopher Waller suggests more rate cuts are on their way. And in France, President Macron holds a ‘coalition of the willing’ summit for Ukraine and its allies as supportive nations seek to shore up U.S. support for eventual post-war guarantees. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 3

French and British bond yields hit multi-year highs as a rout develops on fiscal concerns. Beijing hosts world leaders including Russian President Vladimir Putin and North Korea’s Kim Jong-Un at a mass military parade to mark the 80th anniversary of the end of WW2. In tech news, Alphabet company Google notches a huge anti-trust win following a ruling by a U.S court which deemed it would not have to offload its Chrome browser. However, the company was instructed to share its search data with rivals. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 2

Nestlé ousts its CEO Laurent Freixe following the revelation of an undisclosed relationship with a subordinate co-worker. The head of Nespresso, Philipp Navratil, has been appointed to run the Swiss food giant. Russian President Vladimir Putin has held talks with Chinese President Xi Jinping in Beijing, calling him ‘a dear friend’ as the two countries seek to strengthen global alliances following the Shanghai Cooperation Organisation summit. In France, Marine Le Pen’s Rassemblement National party calls for new elections as Prime Minister Francois Bayrou’s government teeters on the brink of collapse. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 1

Chinese President Xi Jinping hosts leaders from more than 20 nations at the Shanghai Cooperation Organisation. Xi outlined his vision for a new global bloc to counter the current U.S. administration. An appeals court in the U.S. rules that most of President Trump’s trade tariffs are illegal which could trigger worldwide economic uncertainty. In retail news, shares in Alibaba soar on the back of strong A.I.-related sales in its cloud division. The Chinese e-commerce giant is reportedly working to produce an A.I.-focused semi-conductor. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 29

Fired Fed Governor Lisa Cook faces renewed pressure after a third criminal referral over her mortgage applications surfaces. President Trump shuts down a century-old tax loophole and threatens a 50 per cent levy on goods worth less than $800. And the European Union threatens Iran with a 30-day deadline to offer concessions regarding its nuclear programme or risk increased sanctions being reinstated. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 28

Nvidia shares slump in after-hours trade as slowing revenue growth causes it to miss quarterly expectations in its data centre business. German defence company Rheinmettal unveils what will be Europe’s largest munitions plant. We hear from CEO Armin Papperger who says his company is doing his ‘utmost’ to fast-track defence production. Tesla European sales fall in July by more than 40 per cent – a seventh consecutive month of decreasing market share for the electric car maker. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 27

Fired Federal Reserve governor Lisa Cook launches a lawsuit against her dismissal by President Trump which is now set to go all the way to the Supreme Court. France is on the brink of yet another parliamentary quagmire after French Prime Minister Francois Bayrou decides to put his budget cuts toa vote of no-confidence. Opposition lawmakers are vowing to oust Bayrou over the measures. Equities and sovereign debt sell off as a result. And in tariff news, Washington applies an additional 25 per cent levy on India as a result of purchases of discounted Russian oil. Option markets wait on Nvidia earnings, anticipating what could be a 6 per cent share move in either direction as Q2 earnings come to a close. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 26

President Trump dismisses Federal Reserve governor Lisa Cook over alleged mortgage loan improprieties but Cook says Trump has no grounds to remove her. In France, Prime Minister Francois Bayrou says he will put his budget cuts to a confidence vote in parliament. The three main opposition parties have already vowed to oppose his measures. And President Trump has threatened further tariffs on countries that tax or regulate American tech companies and his administration is also considering sanctions on EU or member state officials for implementing the Digital Services Act. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 25

Fed Chairman Jerome Powell suggests labor market risks are now greater than inflation fears with a September rate cut now on the table. The markets respond with the Dow posting its best day in more than three months. In M&A news, drinks giant Keurig Dr Pepper is reportedly set to swoop for Dutch coffee group JDE Peet’s with an $18bn offer. The combined company would eventually split its drinks and coffee units. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 22

The focus is on Jackson Hole, WY., ahead of U.S. Federal reserve Chairman Jerome Powell’s keynote speech. The summit is overshadowed by political pressure over interest rates with policy makers divided over the forecast. Kansas City Fed chair Jeffrey Schmid tells CNBC a September rate cut is not set in stone. Wall Street is in the red with the S&P 500 suffering its longest losing streak since the start of the year as investor jitters over the A.I. outlook affect the world’s biggest tech firms. Nvidia is set to cease production of its China-focused H20 chip as authorities cite security concerns and urge local tech firms to stop all purchases. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 21

U.S. tech stocks are under pressure for a second consecutive day as investors question the staying power of the A.I.-fuelled rally seen across the sector this year. Ahead of the Federal Reserve symposium at Jackson Hole, President Trump demands the resignation of Fed governor Lisa Cook over accusations of mortgage fraud. New data from FOMC minutes show members’ division over the Fed’s inflation and employment market forecast. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 20

UK inflation for July comes in at 3.8 per cent year-on-year to dash short-term hopes of an interest rate cut and pile on more pressure on Chancellor Rachel Reeves. Tech stocks are down over A.I. concerns as the White House eyes more equity-acquired stakes in companies enjoying Chips Act funding. A Ukraine peace plan including U.S. security guarantees is developing. President Trump welcomes potential air support from the UK but rules out stationing U.S. troops on Ukrainian soil. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 19

President Trump encourages Ukrainian President Volodomyr Zelenskyy to hold face-to-face talks with Russian President Vladimir Putin following a marathon day of talks with EU, UK and NATO leaders in Washington. An optimistic Trump said the U.S. would provide Kyiv with security guarantees but also reiterated it would be Europe that would shoulder the bulk of the burden in helping Ukraine defend itself in the future. In tech news, Japan’s Softbank has announced an unexpected $2bn stake in troubled chip maker Intel while the U.S. government looks to take a 10 per cent share in the company by converting Chips Act grants into equity. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 18

Ukraine's President heads to Washington DC alongside European leaders for talks with Donald Trump today, with the U.S. President set to push for an end to the war — while the question remains: 'on whose terms?'. This as Friday's Alaska summit fails to yield an agreement — and leaves Kyiv fearing the U.S. could give way to Russia's terms after President Trump backtracks on his sanctions threat. Elsewhere, investors are counting down to the Jackson Hole symposium this week, looking for signs of where the Fed's rate path will lead. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 15

All eyes are on Anchorage, Alaska, as the city prepares to host today's meeting between Donald Trump and Russia's Vladimir Putin, with the U.S. President saying he's already contemplating a second summit to bring in Ukraine's leadership. Meanwhile, a hotter-than-expected PPI print stateside pours cold water on outside hopes of a jumbo Fed cut in September, and sending yields higher. But markets in Europe remain on track for healthy returns this week. In Asia, Chinese growth data slumps across the board with retail sales, industrial output and fixed asset investment all undershooting expectations - as the threat of tariffs continues to loom over the world's second largest economy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 14

The U.K. economy grows more than expected in the second quarter, offering some much-needed respite to Chancellor Rachel Reeves. President Trump holds productive talks with European leaders in the build up to Friday's Alaska summit, with the U.S. leader issuing a stark warning to Moscow if it does not agree to a peace deal in Ukraine. Meanwhile, Europe's Stoxx 600 hits a two-week high while the S&P 500 and Nasdaq close at all-time records, as markets price in a 100% chance of a Fed cut next month. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 13

The inflation impact of Trump's tariffs fails to show in July's CPI print, leading investors to ramp up bets on a September Fed cut, and pushing global equity markets higher. Meanwhile, European leaders prepare for today's virtual talks with Presidents Trump and Zelenskyy - calling on the U.S. leader to safeguard Ukrainian territory and not bow to Putin's demands at Friday's Alaska summit. Software stocks on both sides of the Atlantic tumble - with SAP posting its worst day since the COVID-19 outbreak - as investors fret that AI could upend many of the world's biggest software companies. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 12

The U.S. has extended its China tariff deadline by another 90 days, allowing talks to continue as Beijing pledges to hold off on further escalation. Meanwhile, President Trump has confirmed that the U.S. government will take a 15% cut off top chipmakers' China sales, and suggests he could allow Nvidia to begin exporting a downgraded version of its advanced Blackwell chip. Across the Atlantic, EU leaders - apart from Hungary – said that the Ukrainians must have "the freedom to decide their future" ahead of the Trump-Putin summit, while the U.S. President seems to downplay the chances of a breakthrough. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 11

Europe and Ukraine have set their own ceasefire terms ahead of Trump-Putin talks, while the White House reportedly weighs inviting Ukraine's President to Friday's Alaska summit. Meanwhile, European markets are poised to start the week on an upbeat note with the Stoxx 600 coming off its best weekly gains in 3 months, as investors brush off any remaining tariff uncertainty. In the chip space, Nvidia and AMD reportedly agree to give the U.S. government 15 percent of China chip sales in exchange for export licenses, in a potentially unprecedented trade-off. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 8

President Trump promotes CEA chair and tariff supporter Stephen Miran to the Fed’s board of governors praising his expertise in global economics. The STOXX 600 achieves its biggest one-day rise in almost two weeks with European corporate earnings offsetting any potential tariff fallout. Futures are also set to finish the week strongly. The BoE narrowly votes to slash interest rates to a two-year low after an unprecedented deadlock among committee members. Governor Andrew Bailey tells CNBC the UK rate path remains opaque. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 7

President Trump’s reciprocal tariffs kick in. India is still facing the prospect of levies being raised to 50 per cent while Swiss President Karin Keller-Sutter leaves Washington after failing to lower her country’s 39 per cent tariff. Germany’s Rheinmetall sees sales grow by more than a third in H1 on increased demand across Europe. Siemens confirms its FY guidance with quarterly orders surging by 28 per cent. However, its key profit indicator for its industrial unit falls by 7 per cent on the year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 6

President Trump warns he could escalate pharmaceutical tariffs to as high as 250 per cent with extra levies on chips also on the table. Trump tells our colleagues Stateside, he wants to force producers to bring manufacturing home. In Europe, Novo Nordisk sees a Q2 surge driven by strong sales of its anti-obesity drug Wegovy just a week after a profit warning reduced the drug maker’s market cap by $70bn. And in banking news, Commerzbank cites restructuring costs behind its fall in Q2 net profit but the German lender is still upping key targets for the rest of the year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 5

U.S. equities rally, unfazed by tariffs and weak economic data as investors anticipate further rate cuts from the Federal Reserve. President Trump threatens to increase tariffs on India over its purchases of Russian oil. New Delhi hits back, saying it is protecting its own interests. German chip maker Infineon hikes its full-year margin forecast. CFO Sven Schneider tells CNBC that the impact of tariffs has not been as pronounced as first feared. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 4

Swiss equity markets react for the first time since President Trump imposed a 39 per cent levy on the country last week. European markets look to bounce back following Friday’s sell-off which was their steepest one-day decline since April with more quarterly earnings due later this week. And in the U.S., markets anticipate a Fed rate revision at every meeting left this year following last week’s disappointing employment print. The White House has defended President Trump’s decision to fire Labor Statistics Commissioner Erika McEntarfer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 1

President Trump launches his latest round of tariffs, hitting Canada and Switzerland with higher levies due to start in a week’s time. The dollar jumps on the move – its first monthly gain since Trump assumed office – while the euro and sterling slump to their respective worst months in 3 years. Daimler Trucks revises FY profits forecasts by what could be more than 20 per cent citing poor performance in the U.S. market. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 31

Meta ups its guidance on the back of a Q2 profits beat while Microsoft outperforms, growing revenue at its fastest pace in three years. In aviation news, Airbus confirms its delivery targets for the year despite engine supply delays from Pratt & Whitney. CEO Guillaume Faury tells our U.S. colleagues he is pleased about the trading environment following the U.S.-EU/UK deals. Asia-focused bank Standard Chartered announces a $1.3bn buyback following a 26 per cent H1 profit surge. The lender’s CFO, Diego De Giorgi, says non-rate affected units are ‘booming’. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 30

Swiss lender UBS posts a Q2 net profit beat but CEO Sergio Ermotti tells CNBC that tariff ‘fatigue’ is beginning to affect client sentiment. Chinese and U.S. negotiators have failed to confirm a trade truce following 2 days of discussions in Stockholm. U.S. Treasury Secretary Scott Bessent speaks to our colleagues Stateside and says that any extended pause will be ultimately decided up on by President Trump. Disappointing revenues of up to a quarter at Gucci drag parent company Kering down in Q2. The French luxury giant warns of a second price adjustment following the U.S- EU trade deal. And Japan, the Pacific coast of the U.S. as well as Guam and Hawaii brace for a tsunami following a massive 8.8 Richter Scale earthquake off the coast of Russia’s far East. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 29

European leaders vent their frustration at the trade deal secured by U.S. President Donald Trump with the EU as details of the agreement begin to sink in around the bloc. Trump has said he will set tariffs in the 15-20 per cent range ahead of the Friday, 1st August global deadline. Philips hikes its guidance after concluding that Trump’s tariffs will affect profits less than previously expected. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 28

U.S. President Donald Trump and European Commission President Ursula von Der Leyen announce a deal to avert a full-blown trade war but the EU will still be hit with tariffs of 15 per cent. European futures move higher on the news as investor sentiment stabilises ahead of the tariff deadline this Friday. Heineken posts an H1 beat and backs its FY forecast. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 25

President Trump tours renovations at the Federal Reserve and says costs have spiralled to $3.2bn at the site but Chairman Jerome Powell pushes back against the claims. LVMH suffers a larger-than-expected fall in Q2 sales as CEO Bernard Arnault announces plans to open a new factory in Texas. VW Group cuts its FY guidance following an almost-30 per cent plunge in operating profit in the second quarter. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 24

Tesla shares slump after CEO Elon Musk warns of potential ‘rough quarters’ ahead as EV subsidies expire and European sales nosedive by 40 per cent in June. Deutsche Bank sees profits double in H1 to €5.3bn on strong inflows to its private bank and asset banking arm. CFO James Von Moltke tells CNBC he believes the German economy is gaining in confidence. European futures are up as the EU and U.S. move closer to negotiating a 15 per cent tariff package, similar to that agreed between Washington and Japan earlier this week. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 23

The U.S. and Japan agree to what President Trump calls ‘the largest trade deal in history’. Tariffs on most goods including autos have been reduced to 15 per cent, sending shares spiking among car manufacturers. Italian lender Unicredit hikes its guidance following an unexpected profit jump in Q2 just a day after it abandoned its bid for smaller domestic rival Banco BPM. CEO Andrea Orcel tells CNBC the takeover move had become ‘a drag’. SAP posts a 24 per cent cloud revenue beat but still misses expectations. CFO Dominik Asam says he remains confident thanks to a strong pipeline in H2. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 22

The White House maintains pressure on Federal Reserve Chairman Jerome Powell to cut interest rates but markets appear sanguine. The S&P 500 closes at a fresh record high while Treasury Secretary Scott Bessent tells our colleagues Stateside that he intends to investigate the Fed’s decision-making. Brussels is reportedly preparing a range of ‘nuclear options’ should the EU fail to agree a trade deal with Washington ahead of President Trump’s August 1st deadline. Anglo-Swedish drug firm AstraZeneca says it will invest around $50bn for manufacturing and R&D in the US over the next five years as it braces for potential pharma tariffs. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 20

Japanese Prime Minister Shigeru Ishiba’s ruling coalition loses its majority in the upper house with rival parties advocating tax cuts and increased spending. U.S. Commerce Secretary Howard Lutnick says he believes an EU trade deal is feasible. However, reports suggest some EU leaders are considering harsher retaliatory moves should President Trump raise the baseline tariff rate. And in aviation news, Ryanair’s net profits almost double in the second quarter as Easter travel boosts Europe’s largest budget carrier. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 18

Netflix posts a Q2 beat on the back of strong subscriber growth and advertising sales and has hiked its revenue forecast. Shares move slightly down in after-hours trade, however, as investors brace for rising costs in H2. Federal Reserve governor Christopher Waller is urging a rate cut this month, citing growing weakness in the U.S. labor market. And in Japan, the ruling coalition could lose its upper house majority in this weekend’s election as an upstart right-wing party threatens to add pressure to the country’s finances. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 17

President Trump denies he plans to fire U.S. Federal Reserve Chairman Jerome Powell following reports he had written a draft dismissal letter and discussed the move with lawmakers. Trump did again, however, criticise Powell for his failure to lower interest rates. The world’s largest contract chip maker, TSMC, posts a massive 60 per cent surge in profits in the second quarter. Drug giant Novartis hikes its full-year guidance on the back of a narrow Q2 core earnings beat and double-digit sales numbers. European Commission President Ursula Von Der Leyen outlines her next budget plans but faces stiff criticism from Brussels and member states for the content and handling of the €2.3tn package. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 16

UK Chancellor Rachel Reeves gives her Mansion House speech and calls on regulators to strip back red tape in order to boost growth. In the U.S., the June inflation print comes in slightly higher as tariffs begin to affect the core CPI number with President Trump continuing to slam the Federal Reserve’s measures. In France, Prime Minister Francois Bayrou infuriates Marine Le Pen’s Rassemblement National party after proposing a €44bn tax rise package as well as slashing two public holidays from the calendar to encourage economic activity. In autos news, disappointing European demand and Chinese competition prompts Renault to cut its full-year guidance. The company has also installed finance chief Duncan Minto as interim CEO. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 15

Nvidia expects the green light from the U.S. government to resume selling a key AI chip in China with deliveries to begin soon. Domestic consumption drives Q2 growth in China but the threat of a trade war with the U.S. still looms. And U.S. President Trump u-turns on arms deliveries to Ukraine, including sending Patriot missiles and threatening Russia with secondary tariffs in the event of no ceasefire within 50 days. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 14

President Trump threatens the European Union with a 30 per cent tariff on exports into the U.S. starting on 1st August. However, Trump says a deal could be reached if the EU was willing to make concessions. The EU is holding off from any retaliatory measures for now but European Commission President Ursula Von Der Leyen says the bloc is preparing to target up to €90bn of U.S. products should negotiations fail. European futures dip but should avoid a severe sell-off as investors pin hopes on a settlement to be reached between Washington and Brussels. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 11

All eyes are on Washington as President Trump says he will send a tariff letter to the European Union by the weekend - after slapping Canada with a 35% levy. Meanwhile, JPMorgan boss Jamie Dimon has a simple message for Europe: you're losing the battle to rival the US and China. Across the Atlantic, European leaders are set to meet with Chinese President Xi Jinping this month, sources confirm to CNBC - averting potential embarrassment ahead of a likely contentious summit. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 10

President Trump hits Brazil with a 50% tariff - despite the U.S. having a trade surplus in goods with the country - citing the prosecution of former President Jair Bolsonaro. The world's biggest company gets even bigger: Nvidia becomes the first company in history to breach $4 trillion in market cap as investors pile back in on AI bets. Meanwhile, Kellogg shares spike in extended trade amid reports Nutella-maker Ferrero is nearing an acquisition deal, in what would be a rare European takeover of a U.S. rival. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 9

President Trump threatens substantial levies on copper and the pharma sector, as the EU scrambles to agree on a tariff deal. U.S. Commerce Secretary Howard Lutnick says that both sides are making progress. Meta bets on EssilorLuxottica - reportedly taking a $3.5 billion minority stake in the Ray-Ban maker as the U.S. tech giant makes a push in the 'smart glasses' space. Elon Musk lashes out at one of the most bullish Tesla analysts on Wall Street, telling Wedbush Securities' Dan Ives to "Shut up," after he called for Musk to cut back on politics. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 8

President Trump hits trading partners with higher tariffs from August, including 25% on Japan and South Korea, while Treasury Secretary Scott Bessent says the U.S. is weighing several new deals. The European Union is reportedly set to dodge any tariff escalation, with Ireland's Trade Minister saying he expects an extension of the status quo, allowing time for further talks. Meanwhile, officials from Japan and South Korea hold calls with US Commerce Secretary Howard Lutnick, saying they'll hold further talks before the new tariffs come into effect next month. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 7

President Trump says countries will receive tariff letters from 5pm London time, as Treasury Secretary Scott Bessent confirms the measures come into effect from August 1st. Eurogroup President Paschal Donohoe tells CNBC he's optimistic the EU can strike a trade deal with the U.S. - as the bloc eyes a skeleton agreement that keeps a 10% levy on most exports. And - Elon Musk announces plans to launch a new political party, drawing the ire of President Trump and raising questions about his business commitments. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 4

The U.S. aims to finalise a flurry of deals ahead of its tariff deadline, while EU talks extend into the weekend. But European Commission President Ursula von der Leyen expects only a framework agreement in the short term. After several all-nighters, Republicans finally force through President Trump's sweeping budget bill, in time for the U.S. leader to sign it into law today, the 4th of July. And - one year of Keir Starmer. The British Prime Minister and the Labour Party mark 12 months in power to cap off a week marked by a tearful Chancellor Rachel Reeves on the frontbench, while the PM scrambles to reassure a jittery bond market. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 3

Speculation swirls around U.K. Chancellor Rachel Reeves after an emotional appearance in parliament, sparking selling across U.K. assets, with long-dated gilt yields seeing their biggest spike since April. Meanwhile, the U.S. sets a 20% tariff on exports from Vietnam under a new trade deal, just days before President Trump's deadline to ramp up his so-called 'reciprocal tariffs' once again. And - President Trump's Budget Bill stalls in the House, as Speaker Johnson struggles to win over opponents in his own party. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 2

The Senate narrowly passes Trump's sweeping tax and spending bill, with attention now turning back to the House as it races to pass the package. Fed Chair Jerome Powell appears to push back at pressure from President Trump, telling the Sintra forum the Fed would have cut rates further by this stage if it had not been for tariffs. Shares in AstraZeneca pop in Tuesday's session after the Times reports CEO Pascal Soriot is looking at moving the pharma giant's listing from London to the U.S. And - Santander swoops in for Sabadell's U.K. unit TSB in a deal worth £2.65 billion. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 1

ECB President Christine Lagarde kicks off this year's ECB Forum with a warning against complacency, but Governing Council member Pierre Wunsch tells CNBC the central bank will only stick or cut at this point. Senate voting on the Trump-backed budget bill continues into a second day, as Republican leaders look to secure the support needed to send the package back to the House. Meanwhile, the dollar sees its worst start to a year since 1973, as President Trump's trade policies and attacks on the Fed raise questions around the greenback's safe-haven status. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 30

U.S. senators end their debate on President Trump's budget bill, with a vote on the package due later today. Meanwhile, European Council President Antonio Costa tells CNBC the U.S. defence spending dispute is resolved, with Europe boosting arms purchases under the new NATO deal. Canada scraps its digital services tax targeting U.S. big tech just days after President Trump calls off trade talks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 27

The White House announces a potential extension to the reciprocal tariffs deadline. This could include the 50 per cent levy on the European Union. The EC president, Ursula Von Der Leyen confirms she has received Washington’s proposal of new trade discussions but struck a cautious tone ahead of any resumption in dialogue. The U.S. dollar sinks to a three-and-a-half-year low against the euro and sterling with markets now mulling the potential appointment of a more doveish Federal Reserve chairman by the U.S. president. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 26

NATO leaders agree to ramp up defence spending to 5% of GDP, with Europe breathing a sigh of relief as U.S. President Donald Trump renews his commitment to the military alliance. Over in Brussels, attention now turns to the European Council summit - with the bloc's leaders set to discuss how to align defence efforts around ongoing support for Ukraine and a volatile situation in the Middle East. Meanwhile, Shell denies renewed reports it is in early stage talks to buy rival BP - a deal that could create an energy giant worth some £200 billion. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 25

Donald Trump heads to the NATO summit in the Hague, with Secretary-General Mark Rutte hailing the U.S. President's 'big success' as leaders back deeper defence spending. Meanwhile, President Trump insists Iran's nuclear sites were 'completely destroyed' by US strikes, despite NBC sources suggesting the operation only set the country's nuclear programme back by as little as three months. Wall Street rallies on signs the ceasefire is holding, while crude prices look to claw back some of this week's losses. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 24

President Trump announced on Truth Social that an Iran-Israel ceasefire is in effect, calling on both nations to stand down weapons and stick to the agreement. Meanwhile, the leaders of France and Germany say NATO's new spending target will strengthen its European pillar ahead of a crucial summit in the Hague, with Secretary General Mark Rutte pledging action. In Germany, industry leaders weighed in on the impact of conflict in the Middle East, with Deutsche Bank CEO Chirstian Sewing telling CNBC the corporate world is now better prepared to weather the storm. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 23

The U.S strikes three Iranian nuclear facilities over the weekend and President Trump has hinted at potential regime change in the country. Iranian foreign minister Abbas Araghchi has warned of a hard-hitting response while European leaders have urged a return to the negotiating table. Oil moves higher but markets are sanguine despite the Iranian parliament’s vote to close off the Strait of Hormuz See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 20

The White House has announced that a decision whether to strike Iran will be made with two weeks as talks continue. Iran’s foreign minister, Abbas Araghchi, is due to meet European counterparts in Geneva later today in a bid to make a last-minute deal to avert further conflict. Spain has pushed back against NATO demands to increase its defence bill to 5 per cent of GDP. Prime Minister Pedro Sanchez has called the aim ‘counter-productive’. And in M&A news, Unicredit CEO Andrea Orcel has said his bank is likely to withdraw its offer for rival lender Banco BPM despite receiving the EU’s approval of the move. Orcel said he believed Unicredit would flourish with or without the takeover. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 19

Israel has confirmed it has struck nuclear sites in Iran overnight but U.S. President Trump says he has not yet made a final decision on whether to join the campaign and will announce his move at short notice. The U.S. Federal Reserve keeps rates steady but policy makers suggest two cuts by the end of the year. Chairman Jerome Powell has warned that tariffs will lead to price increases. The BoE, the SNB and the Norges Bank are due to make rate decisions later today. And we are live at the London Stock Exchange where the AIM exchange celebrates its 30th anniversary with almost £136bn raised so far. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 18

President Trump has called for Iran’s ‘unconditional surrender’ in its conflict with Israel. NBC News reports that Trump is mulling a direct military strike on the country. We are live at the Paris Air Show where the CEOs of Saab and Leonardo tell CNBC that Europe’s defence depends on broader budgets and less fragmentation between nations. UK May inflation figures come in at 3.4 per cent year-on-year ahead of tomorrow’s BoE rate decision. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 17

President Trump leaves the G7 summit in Alberta, Canada early, reportedly flying back to Washington to attend the Situation Room. He issued a warning to Tehran’s residents to evacuate from the city and suggested his return pertained to something ‘much bigger’ than a ceasefire in the Middle East. The U.S. and UK have formally agreed on a trade deal with British auto makers and the aerospace sector spared President Trump’s levies. Steel and aluminium tariffs, however, remain in place for the time being. We hear from Shell CEO Wael Sawan who says his company will continue to guarantee energy production and delivery despite the escalating conflict in the Middle East. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 16

The conflict between Israel and Iran enters its fourth day. NBC News confirms that U.S. President Trump rejected Israel’s proposal to assassinate Iran’s Supreme Leader Ayatollah Ali Khamenei. G7 leaders arrive in Calgary, Canada with the wars in Ukraine and the Middle East at the forefront of the agenda but tariff talks will weigh on discussions between President Trump and other heads of state. Renault CEO Luca De Meo is to step down as CEO of the French autos giant and pursue a role outside the sector. Reports in French media suggest he may next take the helm at Gucci owner Kering. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 13

Israel has launched unilateral overnight airstrikes in Iran, targeting key nuclear infrastructure and military sites as well as killing the head of the army and the leader of the IRGC. Iran’s supreme leader, Ayatollah Ali Khamenei has vowed ‘extreme punishment’ against Israel. Tehran has launched up to 100 drones towards Israel in retaliation. Oil spikes to its highest level in almost 5 months as investors rush to safe-haven stocks amid the volatility. World leaders have reacted with UK Prime Minister Keir Starmer urging calm while Riyadh slams the move as a violation of sovereignty and international law. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 12

President Trump says the U.S.-China trade agreement is complete following this week’s framework deal in London. Commerce Secretary Howard Lutnick says the two sides could begin to benefit from the tariff truce almost immediately. Market reaction, however, has been tepid with European equities set to open lower while oil is up on renewed fears of escalation between Israel and Iran. We hear from French President Emmanuel Macron at Vivatech in Paris who says the deal between France’s Mistral AI and chip giant Nvidia marks a ‘game-changing’ moment for European technology. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 11

U.S. and Chinese trade delegates complete a late-night framework agreement in London to continue the trade truce between the world’s largest two economies. U.S. Commerce Secretary Howard Lutnick hailed the positive and constructive nature of the talks. UK Chancellor of the Exchequer, Rachel Reeves, is to set out $2tn in public spending as the government aims to stem haemorrhaging public opinion. The EU is reportedly ready to greenlight Italian lender Unicredit’s bid to buy up rival BPM. The move could place Brussels at loggerheads with Rome which has invoked its ‘golden powers’ rule that allows the government to impose conditions or exercise a veto over companies holding nationally strategic assets. French tech company Mistral AI unveils its first reasoning model which uses multiple languages. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 10

High-level U.S.-China trade talks enter a second day in London with reports stating that Washington may relax chip export controls if Beijing agrees to speed up rare earth exports. President Trump says ‘opening up’ China would bring global benefits. U.S. Marines are deployed in Los Angeles where protests against ICE deportations of illegal immigrants continue. California Democrats say the move violates federal law. OpenAI posts annual recurring revenue of $10bn thanks to growth in its consumer and business ChatGPT products. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 9

U.S. and Chinese officials meet in London in an attempt to cool trade tensions and potentially re-negotiate tariffs. The EU and China agree on fast-tracking rare earth exports with Beijing expecting reciprocal measures to promote trade in high-tech products with the bloc. President Trump deploys the National Guard in Los Angeles following three days of violence over federal deportation and illegal immigration laws. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 6

A spectacular falling-out between President Trump and Elon Musk causes Tesla shares to plummet but the pair are reportedly set to mend fences in a phone call later today. President Trump hails his relationship with Chinese counterpart Xi Jinping following a trade-focused call. Trump said he had accepted an offer to visit Xi “at a certain point”. Trump and German Chancellor Friedrich Merz showed a cordial relationship during talks at the Oval Office but the American leader remained cautious about the prospect of a near-term end to the conflict between Russia and Ukraine. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 5

The CBO says that President Trump’s BBB could add almost $2.5tn to the U.S. deficit. Tesla CEO Elon Musk, who oversaw Doge cuts to government waste, has urged lawmakers to ‘kill the bill’. We hear from London Mayor Sadiq Khan who says he welcomes Prime Minister Keir Starmer’s efforts to strike a trade deal with President Trump but that trade ties with the EU should be deepened. And we are live at Berlin’s private markets Super Return conference where increasing opportunities around Europe are the focus of discussions. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 4

Elon Musk slams President Trump’s budget bill describing it as ‘an abomination’ that will balloon the deficit. Doubled U.S. levies come into effect today but the UK escapes 50 per cent tariffs on steel. And we are live in Berlin at the Super Return forum where top names in private markets with around $50tn in assets are gathering. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 3

Washington is reportedly demanding countries put forward their best trade talk offers by tomorrow as the reciprocal tariffs deadline of 8 July draws nearer. The EU has responded saying it will push for tariff cuts with the U.S. in meetings scheduled this week. The bloc has repeated its threats of counter-measures should an agreement fail to be reached. We hear from German Steel Association head Gunnar Groebler who says American companies are also being affected by the levies. And in the UK, Prime Minister Keir Starmer has promised the largest sustained increase in defence spending since the end of the Cold War. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 2

The EU says it is mulling counter-measures after President Trump’s steel tariffs doubles tariffs on steel imports. The U.S and China accuse each other of not respecting the trade agreement made in Geneva last month. In Poland Karol Nawrocki wins the presidential election to dent Prime Minister Donald Tusk’s centrist agenda. And in M&A news, French pharma giant Sanofi has moved to snap up U.S. firm Blueprint Medicines in an $9bbn all-cash deal. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 30

A U.S, federal appeals court has temporarily reinstated President Trump’s tariffs just a day after the U.S. Court of International Trade ruled he had overstepped his authority in imposing the levies. President Trump summons Federal Reserve Chairman Jerome Powell to the White House over his interest rate policy stance. Powell has insisted his rate decisions will remain data-based. And we are live in Dubrovnik where global economic policymakers are gathering for the Croatian National Bank/IMF meeting. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 29

A U.S. court has ruled that a majority of President Trump’s tariffs, including reciprocal levies, which were tied to the Emergency Economic Powers Act were an overstep of presidential authority. The White House has filed a notice of appeal with the court. Chip giant Nvidia sees shares soar following the company posting a better-than-expected Q1 revenue beat of 69 per cent. CEO Jensen Huang has criticised the U.S. government’s chip export restrictions to China. Tesla CEO departs the U.S. government in his advisory role a day after calling a GOP budget bill to fund President Trump’s agenda ‘disappointing’. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 28

All focus is on A.I. chip giant Nvidia which is due to report quarterly results after the U.S. bell today. Investors will be scrutinising how the company is faring following a $5.5bn China export hit. U.S. consumer confidence for May shows a sharp rebound, lifting equities out of a four-day slump in the red and helping the USD to its best performance in recent weeks. In Europe, Germany’s DAX posts a new record close, boosting yearly gains by more than 20 per cent as automotive and arms manufacturer Rheinmetall almost triples its market cap. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 27

President Trump’s tariff postponement helps to boost sentiment in Europe with French and German stocks starting the week solidly in the green. The autos and aerospace sectors lead gains. ECB President Christine Lagarde says that the euro could rival the dollar in times of political volatility if the bloc can succeed in strengthening its security and capital markets. And in autos news, Tesla’s April sales in Europe decline by more than 50 per cent on the year while petrol car sales also slow by a fifth. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 26

President Trump postpones EU tariff talks until July following a phone call with EC president Ursula Von Der Leyen to grant the bloc a reprieve from his threat of a 50 per cent levy. In Asia, Apple iPhone suppliers are in the red following Trump’s threat of a 25 per cent tariff on the company’s phones manufactured outside the U.S. Chinese automaker BYD cuts prices by up to 35 per cent as concerns over a global price war intensify. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 23

U.S. yields and the 30-year note rise above 5 per cent as U.S. debt burden worries persist. The U.S. House of Representatives passes President Trump’s tax and spending bill by a single vote that could add $4tn in U.S. debt. The bill is now due to makes its way through the Senate. We are live in Athens where Greek Prime Minister Kyriakos Mitsotakis tells us exclusively that he believes the U.S. and EU are close to agreeing a trade deal with the possibility of lowering the 10 per cent Trump tariff baseline figure. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 22

The House of Representatives holds an all-night session as the GOP looks to push President Trump’s budget bill. The proposed tax cuts are expected to add trillions of dollars to the country’s deficit in the next 10 years. As a result, European markets are in the red and are due to track Wednesday’s disappointing session. And in tech news, Open A.I. is to buy the A.I. device start-up belonging to former Apple designer Jony Ive. The all-stock deal is said to be worth $6.4bn. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 21

President Trump calls on Republican ‘holdouts’ to agree to his budget plans in a private meeting. Trump said he was confident the bill would soon be passed as law. Our colleagues Stateside sit down with Tesla CEO Elon Musk who says he wants to continue at the helm of the auto maker for the next 5 years and is committed to ramping up the number of autonomous vehicles on U.S. roads by next year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 20

EV Battery maker CATL lists on the Hong Kong stock exchange, sending shares soaring. It’s the world’s largest IPO this year. UK Prime Minister Keir Starmer re-sets relations with the EU, promising to boost Britain’s global trade standing but the move provokes anger domestically. JP Morgan Chase CEO Jamie Dimon says markets and central banks are ‘complacent’ about risk amid a ballooning U.S. deficit, tariffs and rising global tensions. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 19

Global markets fall and yields jump as Moody's cuts its U.S. credit rating - the first time in history that the country hasn't held a perfect AAA rating with any of the major agencies. Attention turns to London as the U.K. and EU near a historic reset of trade relations - as Ryanair CEO Michael O'Leary calls for closer ties between the two sides. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 16

President Trump concludes his multi-stop Middle East tour having signed mega A.I. and aviation investment deals in Abu Dhabi, Doha and Riyadh but has raised concerns among some of his administration regarding advanced A.I. security restrictions. UK Prime Minister Keir Starmer is in Albania for talks with European counterparts on a potential post-Brexit deal. Youth mobility and fishing rights will be key topics on the agenda. Swiss luxury firm Richemont sees a rise in quarterly sales and manages to narrowly scrape a beat but warns of continuing global economic uncertainty. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 15

President Trump’s Middle Eastern tour continues to Doha where he helps Boeing secure a mega-deal with Qatar Airways. He heads to the UAE later today. Shares in trading platform Etoro Group soar off the back of its Nasdaq IPO which could potentially herald a reset in IPO sentiment on Wall Street. Siemens posts a Q2 beat, hiking its FY guidance. CEO Roland Busch tells CNBC a tariff deal with the U.S. will help trigger a ‘normal’ growth rate. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 14

U.S. President Donald Trump hails his return to Saudi Arabia where he has secured hundreds of billions of dollars of investment from the kingdom. He will be heading to Qatar later today. The U.S. Agriculture Secretary, Brooke Rollins, says Trump’s global trade negotiations will be a boon to the whole world. German shipping giant Hapag-Lloyd confirms its FY outlook despite trade concerns on the horizon. Defence firm Renk doubles its quarterly orderbook, seeing intakes of €550m. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 13

Global markets rally on the back of yesterday’s U.S.-China trade truce with mining and tech stocks leading European gains. Stateside, the Magnificent 7 companies add $800bn in market cap. President Trump signs an executive order to force European countries to pay higher prices for pharmaceuticals and vows to punish countries which refuse to match lower drug costs in the U.S. And President Trump embarks on his first major foreign trip since regaining office to Saudi Arabia where he expects to secure big strategic, tech and infrastructure deals. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 12

The U.S. and China reach a trade deal with both sides slashing their respective tariffs by 115 per cent. U.S. Treasury Secretary Scott Bessent says both sides have moved towards balanced trade. China-exposed shares soar in Europe with luxury, autos and tech leading the way. However, pharma stocks plummet following President Trump’s announcement that he will sign an executive order to reduce drug prices for Americans by up to 80 per cent. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 12

U.S. and Chinese trade negotiators hail ‘substantial’ momentum following talks in Geneva over the weekend. Further details are promised later today. President Trump vows to sign an executive order which would see American drug prices cut by up to 80 per cent. Italian lender Unicredit posts a top and bottom line beat in Q1 and raises its FY guidance. CEO Andrea Orcel tells CNBC his bank’s plans for consolidation are progressing. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 9

The U.K. And the U.S. seals the first trade agreement of Trump's tariff war — but loose ends remain on the details. Meanwhile, attention turns to this weekend's negotiations between the U.S. and China in Switzerland, as President Trump says he may consider lowering the sky-high tariff level against Beijing. In Europe, Commerzbank bucks expectations to report nearly 12% profit growth in the first quarter, as the German lender looks to fend off advances from Italy's Unicredit. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 8

The UK and U.S. may potentially unveil a major trade deal as soon as this afternoon. President Trump has teased that an announcement is due at 3PM BST. The U.S. Federal Reserve has held rates steady once again, citing increased economic uncertainty ahead. Meanwhile, in the UK, the BoE is set to slash rates for a second time this year with more moves expected over the summer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 7

Beijing moves to increase stimulus into the economy from rate cuts to liquidity injections in an attempt to counter the effects of President Trump’s tariffs. U.S. and Chinese officials are due to hold trade talks in Switzerland this weekend. India bombs targets in Pakistan in retaliation for last month’s terror attack on Hindu tourists in the divided region of Kashmir. Danish pharma giant Novo Nordisk slashes its FY forecast despite an 18 per cent surge in quarterly sales. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 6

U.S. Treasury Secretary Scott Bessent tells CNBC that the White House is involved in talks with 18 key trading partners and that some deals are imminent. Ford suspends its outlook and reveals a $2.5bn loss as tariff uncertainty weighs. In Germany, the CDU’s Friedrich Merz is to become Chancellor later today following his party’s grand coalition agreement with the SPD. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 5

President Trump shrugs off concerns about his handling of the U.S. economy in an interview with NBC’S Meet The Press, stressing that his main goal is to agree a fair trade deal with China. Warren Buffett shocks Berkshire Hathaway shareholders by announcing his retirement. The billionaire investor has led the company for more than 60 years and will now hand over leadership to vice-chairman Greg Abel. Crude prices fall as Opec+ nations agree to speed up production hikes once again. Also in oil news, Shell is reportedly considering a takeover of rival BP. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 2

China said it is mulling tariff talks with the U.S. after the Trump administration reaches out - saying Beijing's door is always open. On the earnings front, Standard Chartered posted a 10% rise in first quarter net profit, with the Asian-focused lender maintaining its guidance despite heightened uncertainty. Apple and Amazon fell in extended trade despite earnings beats, as tariff uncertainty weighs on the outlook for big tech. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 1

Meta and Microsoft both score quarterly profit beats on the top and bottom line, unfazed by the Trump tariff war. Qualcomm, however, sees its stock fall in after-hours trade and concern about the levies begins to weigh on its guidance. Spain’s competition watchdog endorses BBVA and Banco Sabadell’s €12bn merger deal. It now requires government approval. And in autos news, Tesla denies it ever considered replacing CEO Elon Musk following his extensive role for DOGE in the Trump administration. Trump, for his part, said Musk could stay in his cabinet as long as he wishes. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 30

UBS scores a Q1 beat with a better-than-expected net profit of $1.7bn on strong wealth management income. We hear from CEO Sergio Ermotti. Wall Street performance slumps to its worst level during the start of a new White House administration since President Gerald Ford’s in 1974, however Commerce Secretary Howard Lutnick tells our colleagues Stateside the first trade deal is imminent. And logistics giant DHL confirms its FY guidance despite the turbulence caused by Trump’s tariff policies. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 29

HSBC launches a $3bn buyback while Deutsche Bank beats on both the top and bottom line. Spain declares a state of emergency following a massive power outage with flights and other transport suspended and mobile and internet connections lost. Portugal was also hit by the blackout. Mark Carney and the Liberal Party are voted into power in Canada setting up a showdown with U.S. President Trump on trade tariffs and independence. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 28

President Trump says he has signed more than 200 trade deals to mark his first one hundred days in office amid varied recent polling. U.S Treasury Secretary Scott Bessent says progress is being made in trade talks with many Asian nations. European Commission President Ursula von Der Leyen announces she will meet with President Trump for trade talks following a brief meeting on the sidelines of Pope Francis’ funeral. U.S. equities suffer their worst start to the year in more than 30 years. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 25

Alphabet shares rose in extended trade after reporting a top and bottom line beat, with its search and advertising units showing strong growth despite increasing AI competition. At the annual IMF meeting, ECB Governing Council Member Robert Holzmann told CNBC that he expects further rate cuts to come, but that the outcome of tariff talks will ultimately decide how much lower the base rate will fall. Bank of England Governor Andrew Bailey told CNBC exclusively that he doesn't think that the U.K. economy is on the brink of a downturn - despite the latest warning from the IMF. Over in Asia, Nissan flags a record loss of up to $5.3 billion dollars due to impairment charges as new CEO Ivan Espinosa attempts to turn around Japan's third largest automaker. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 24

President Trump is reportedly mulling slashing tariffs on Chinese imports, but Treasury Secretary Scott Bessent said that the country won’t act unilaterally. In Europe, the Kering crisis continues, as Gucci first quarter sales slide by 25%. Meanwhile, Adidas bounces back, posting its strongest start to a year following the company’s turnaround plans. BNP Paribas posted a first quarter beat and confirms its guidance, with CFO Lars Machenil telling CNBC that the French lender is outperforming on all key units. And there’s more bad news for Tesla as its EU car registrations almost halve in the first quarter, while China’s SAIC surge. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 23

President Trump eases back on Jerome Powell, insisting he has no intentions to fire the Fed Chair – spiking U.S. futures and calming concerns over the Fed’s independence. U.S. markets rebound after Trump backs up comments made by U.S. Treasury Secretary Scott Bessent, saying that the tariff standoff with China is “unsustainable”. Elon Musk pledges to step back from his government work as Tesla posts its biggest earnings miss in half a decade. The IMF slashes its global growth forecast for 2025, warning that President Trump’s tariff policies risk unleashing “major negative shock”. In Europe, the newly crowned most valuable company SAP posts a first quarter operating profit beat – up by 58%. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 22

The Dow falls as tech stocks fall after President Trump slams U.S. Federal Reserve Chairman Jerome Powell for failing to cut interest rates. The dollar falls to a three-year low on tariff concerns. Chinese battery maker CATL unveils new cells, claiming faster charging times and longer range than rival BYD. Also in autos news, Tesla shares plunge 6 per cent ahead of earnings due out later today with one analyst calling the decline a ‘Code Red’ moment for the firm. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 17

U.S. markets tumble after Federal Reserve Chairman Jerome Powell says the central Bank is waiting on ‘greater clarity’ of the impact of President Trump’s tariffs. Powell warns that the U.S. economy could face rising inflation and a decreased jobs market as a result of the levies. Nvidia shares slump by 6.87 per cent after revealing a $5bn hit from U.S. export controls. Other semi-conductor companies follow suit into the red. In Europe, Siemens Energy hikes its outlook after a stellar Q2 result. The German firm posts its highest profit margin since being spun off from Siemens almost 5 years ago. And in luxury news, Milan-based fashion house Moncler defies the general slump in the sector to post a Q1 beat. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 16

China’s economy expands by 5.4 per cent in the first quarter but President Trump’s levies on the country fuel concerns about further stimulus measures from Beijing. ASML net bookings are down with the Dutch chip maker warning the Trump tariffs have heightened demand uncertainty. The U.S. president has called for a tariff probe into critical minerals, pushing mining stocks down and potentially opening a new front in his tariff offensive. Nvidia shares tumble after the semi-conductor giant warned of a $5.5bn charge for Q1 related to GPU chip exports to China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 15

The U.S. announces it is launching investigations into the chip and pharmaceutical imports. President Trump says that goods with strategic and security importance must be produced Stateside. The move could provoke further tariffs. Global auto makers see shares rise as President Trump hints at potential tariff relief for the sector. In luxury goods news, LVMH misses Q1 sales targets, falling 3 per cent on disappointing performance in Asia. Chinese President Xi Jinping visits Vietnam as part of a diplomatic tour of the ASEAN region in a bid to bolster regional ties as economic tensions with the U.S. increase. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 14

President Trump outlines tariff exemptions including smartphones, chips and other tech components but U.S. Commerce Secretary Howard Lutnick says the move is only temporary. The tech sector rallies in Asia with the Hang Seng leading gains. Chinese exports surge more than 12 per cent in March. President Xi Jinping slams the trade was with the U.S., saying that protectionism has ‘no way out’. The founder of Bridgewater Associates Ray Dalio tells NBC News tariffs and a falling dollar could signal a potentially serious economic downturn. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 11

The market sell-off continues. Following a brief rally, yields are up, the dollar weakens and the Dow loses a further 1,000 points as the trade war fuels concerns about a potential recession in the U.S. Inflation data Stateside comes in better than expected for March. It’s the first consecutive monthly decline since 2020. European Commission President Ursula Von Der Leyen warns of digital advertising levies in the event U.S. trade talks should fail with counter-measures potentially extending to service imports. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 10

Wall Street enjoys a historic rally after President Trump announces a 90-day pause on reciprocal tariffs, not including China. Asian equities are also in the green with the Nikkei and Taiwan’s Taiex leading gains. European futures are also up as are Chinese equities, despite Trump increasing levies on the country to 125 per cent. In Germany, the CDU/CSU and the SPD unveil a coalition deal with Chancellor-in-waiting Friedrich Merz addressing President Trump directly to give assurances on defence and economic competitiveness. And in autos news, Volkswagen shares plummet as the car maker misses forecasts by a wide margin amid tariff uncertainty. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 9

President Trump’s tariffs kick in for the so-called ‘worst offenders’ with the minimum rate on certain Chinese goods hitting 104 per cent. Trump says the U.S. remains resolute. Asian equities are firmly in the red. European markets and Wall Street are both braced for more heavy sell-offs. U.S. Treasury yields also spike. The tariffs feud between Elon Musk and President Trump’s top trade advisor Peter Navarro intensifies following disagreement over Tesla’s auto assembly practices. Musk calls Navarro ‘dumber than a sack of bricks’. In Germany, the CDU/CSU and SPD are reportedly close to a coalition deal following 13 hours of negotiations. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 8

Asian equities rebound after hitting an 18-month low while Wall Street futures are in the green following a volatile session on Monday. The Nikkei is up following the news that Tokyo is granted priority in U.S. trade talks with a negotiating team due to arrive in Washington D.C. later today. Beijing vows to ‘fight to the end’ against American ‘blackmail’ after President Trump threatens to double tariffs on China this week. Brussels prepares retaliatory measures against the U.S. but also believes that a ‘zero-to-zero’ tariff deal is possible. We hear from Banca Monte di Paschi di Siena CEO Luigi Lovaglio who says Europe is able to ride out the tariff turmoil. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 7

Asian equities fall with the Nikkei hitting an 18-month low as China retaliates against President Trump’s sweeping tariffs policies. U.S. equity futures also indicate a heavy sell-off after $5tn in market cap was wiped off the S&P 500 in just two days. Europe is also set lower today as European Union trade ministers gather in Luxembourg to discuss an appropriate tariff response. And in media news, the Trump administration is forced to extend the TikTok deadline as Beijing abandons the deal at the last moment over the last week’s tariff controversy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 4

Wall Street suffers its worst session since 2020 with $2.5tn vanishing from market value following the announcement of President Trump’s sweeping global tariffs. Along with a heightened risk of a U.S. recession, top Wall Street names have voiced concerns over worsening global economic consequences should the tariffs be implemented without any exemptions. President Trump says he remains open to negotiations. We are live on the shores of Lake Como, Italy at The European House Ambrosetti Spring Forum where CEO Valerio De Molli tells CNBC that any retaliation to the U.S. tariffs would be counter-productive. And in oil news, Opec+ quickens the pace of scheduled hikes, surprising the market with a boost in production to push prices lower. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 3

President Trump hails his tariff blitz on Liberation Day. U.S. markets fall in extended trade as investors rush to safe havens, fearing the swathe of levies imposed by Washington could spark a global trade war. In Asia, the Nikkei slumps to an 8-month low and the tariff effects are felt across South-East Asian markets. China slams the move as ‘unilateral bullying’ and Canada pledges retaliation. The EU’s response is measured for now. EC President Ursula Von Der Leyen says the bloc is still committed to negotiation. We hear from TotalEnergie CEO Patrick Pouyanné and Leonardo CEO Roberto Cingolani who remain upbeat that the trade conflict could be beneficial to Europe. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 2

President Trump’s much-awaited Liberation Day arrives with nations braced for a wave of sweeping reciprocal trade tariffs to be announced with immediate effect at a Rose Garden event later today. The UK is still hopeful of achieving an 11th-hour tariff deal while Brussels pledges a ‘strong plan’ in retaliation. Tesla sales continue to fall following strong competition from rival Chinese manufacturers and political activism against CEO Elon Musk on the Continent. And in media news, venture capitalist Andreessen Horowitz are reportedly looking to invest in TikTok ahead of a deadline for Chinese owner ByteDance to sell up or face a ban in the U.S. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 1

Wall Street suffers its worst quarter in almost 3 years as concerns over President Trump’s tariffs could fuel a U.S. recession. The country-based reciprocal tariffs will be unveiled tomorrow in a Rose Garden event. In France, Marine Le Pen has vowed to appeal a court ruling that she embezzled EU funds, banning her from public office for 5 years. And in tech news, OpenA.I. announces it has secured $40bn in what is the largest private tech funding round in history. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 31

Asian markets ae in the red with the Nikkei 225 plunging to a more than six-month low as jitters are felt ahead of President Trump’s tariffs due on 2nd April. Trump hits out at Russian President Vladimir Putin for delaying a ceasefire deal with Ukraine and hints at secondary tariffs on buyers of Russian oil. In France, Marine Le Pen is in court on charges of embezzling money from the European Parliament, potentially banning her from office. And in Myanmar, rescue efforts continue following Friday’s earthquake which has claimed more than 1,700 lives. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 28

The S&P 500 and Nasdaq are on track to post their worst trading week since September 2023 ahead of next week’s Trump tariff blitz on ‘Liberation Day’, April 2nd. Chinese President Xi Jinping hosts CEOs in Beijing in a bid to boost business ties and calls for trade dialogue with the U.S. We hear from Santander chair Ana Botin who calls U.S. tariffs as a tax on consumers and says that the levies will hit America harder than Europe. And in entertainment news, French gaming company Ubisoft secures a more-than-€1bn investment from Chinese tech giant Tencent to help back its largest franchises. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 27

President Trump slaps a 25 per cent levy on all car imports to the U.S., sending autos shares sharply lower. European Commission President Ursula Von Der Leyen says the bloc will seek to negotiate with President Trump but vows to protects its own economic interests. Germany’s car industry association says the tariffs are a ‘fatal signal’ for global free trade. UK Chancellor of the Exchequer Rachel Reeves restores her fiscal headroom in her spring statement through a series of cuts but the OBR strikes a sombre note, halving its growth outlook for 2025. And in Paris, President Emmanuel Macron convenes the ‘coalition of the willing’ while Ukraine and Russia continue to accuse each other of breaking ceasefire agreements. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 26

We are live outside the House of Commons in London where Chancellor Rachel Reeves is due to deliver her Spring Statement later today. Spending cuts are to top the agenda as Reeves struggles to revive a moribund economy. This, as the country’s budget watchdog, the Office of Budgetary Responsibility, is set to halve the country’s growth forecast for the year. UK economists also predict a small easing of the inflation rate ahead of the release of a final key data point. The Trump administration doubles down, shrugging off the fallout of the Signal chat security leak. President Trump defends U.S. retaliatory strikes against Houthi targets in Yemen. And in the Black Sea, Ukrainian drones have reportedly been shot down just hours following a naval truce between Moscow and Kyiv. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 25

President Trump says he is prepared to offer exemptions to some countries from reciprocal tariffs which begin on April 2nd. However, he pledges to add further levies on other key sectors such as autos, pharma, chips and lumber. Tesla sees European sales fall by more than 40 per cent during the first two months of the year. EV registrations on the Continent, however, surge by almost 30 per cent. Despite this, Tesla shares soar Stateside in their best session since November. And Washington DC is in uproar after a U.S. military operation against the Houthis in the Red Sea is mistakenly leaked to The Atlantic’s editor in a Signal group chat. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 24

The annual China Development Forum kicks off in Beijing with Chinese Premier Li Qiang insisting the country is open to investment. President Trump signals he may be flexible on certain reciprocal tariffs. Canadian PM Mark Carney calls a snap election for April in a move to capitalise on growing anti-Trump sentiment throughout the country. In the UK, Chancellor of the Exchequer Rachel Reeves announces plans to slash 10,000 civil service jobs in a bid to revive a flagging economy and plug a fiscal shortfall. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 21

London’s Heathrow is shut with all flights cancelled or diverted following a massive sub-station fire knocks out power to the airport and to nearby neighbourhoods. The Dow and S&P 500 are slightly in the green to eke gains for the week but U.S. equities remain under pressure. DoubleLine Capital’s Jeffrey Gundlach believes a recession is a possibility. Brussels delays retaliatory tariffs on the U.S. by two weeks, pushing for further dialogue with the Trump administration. And in shipping news, Hapag-Lloyd suffers a 19 per cent fall in FY profits. CEO Rolf Habben-Jansen tells CNBC tariffs concerns are weighing on the sector. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 20

The Federal Reserve keeps rates on hold as anticipated. Chairman Jerome Powell signalled he was easing off on the growth forecast and slightly raising inflation projections. However, markets shrugged off any concerns and now expect two more potential rate cuts this year. The PBOC also maintains rates for the fifth straight month with the BoE and the Riksbank set to follow suit. The SNB is likely to cut once again later today. Nvidia CEO Jensen Huang talks to our colleagues Stateside, spelling out the firm’s A.I. infrastructure building plan. U.S. President Donald Trump hails his phone call with Ukrainian counterpart Volodomyr Zelenskyy, saying peace talks remained on track. Moscow and Kyiv still accuse each other of undermining any partial ceasefire with attacks energy installations. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 19

Germany pass historic debt reform in the Bundestag, launching a fiscal bazooka of infrastructure and defence spending. Chancellor-in-waiting Friedrich Merz says the move will help create a new European security alliance. Russian President Vladimir Putin holds a near-two hour phone call with U.S. President Donald Trump and agrees to cease attacks on Ukrainian energy installations but hopes of an immediate truce fall short. Ukrainian President Volodomyr Zelenskyy says his country’s involvement in peace talks is paramount. Nvidia CEO Jensen Huang unveils the firm’s next generation of super-chips. And the BoJ decides to stay put on rates, signalling Tokyo’s growing concerns over Trump tariffs. The Federal Reserve is due to make its rate decision later today. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 18

Israel shatters the ceasefire with Hamas - launching air strikes on dozens of targets in Gaza and killing hundreds. U.S. retail sales rise less than expected, adding to concerns about the state of the U.S. consumer - as the OECD warns of slowing global growth. Elsewhere Germany's Bundestag is expected to shake off the country's fiscal shackles today and overhaul its debt brake laws - lifting the cap on defence spending and greenlighting €500 billion in infrastructure investment. And BYD unveils a potential game-changer - rolling out new tech it claims can charge EVs in just five minutes. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 17

Asian equities are in the green as Chinese demand surges in the face of U.S. tariffs. Authorities in Beijing have pledged further moves to revive consumption. In the U.S., futures slip again. The Dow suffers its worst week since 2023. U.S. Treasury Secretary Scott Bessent tells NBC News that he remains unfazed by market turmoil. President Trump says he will hold talks with Russian President Vladimir Putin, raising hopes of a ceasefire in Ukraine. German Chancellor-in-waiting Friedrich Merz clinches a deal with the Green Party to launch a defence and infrastructure package later this week. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 14

President Trump threatens to slap the EU with a 200 per cent tariff on imported alcohol and says he will not bend on Canadian autos and metals tariffs. The jitters felt on Wall Street this week sees the S&P 500 in correction territory. U.S. Treasury Secretary Scott Bessent tells CNBC he is unfazed by short-term market volatility. Russian President Vladimir Putin says he agrees to the Ukraine ceasefire in principle but says the deal is ‘nuanced’ which has led to accusations he is stalling the process. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 13

President Trump pledges to introduce ore tariffs as the U.S.’s trading partners hit back against levies focused on steel and aluminium imports. A soft inflation report prompts investors to buy up the recent tech dip which eases market jitters about the health of the American economy. The U.S. deficit reached $1.15tn in the first 5 months of the American fiscal year despite DOGE’s efforts to cut government spending. We are live at the Converge Live conference in Singapore where Ferrari CEO Benedetto Vigna says he is braced for the impacts of tariffs but says the company’s customers are not yet feeling the pinch. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 12

The European Union responds to President Trump’s tariffs hitting back with its own set of counter-measures worth €26bn. We are live in Singapore at CNBC’s inaugural Converge Live conference where billionaire investor Ray Dalio tells us the tariffs will cause confrontations between nations. Also at Converge Live, Alibaba chairman Joe Tsai says the importance and impact of President Xi’s recent meeting with tech bosses should not underestimated, as it galvanised the private sector to invest. Ukraine has agreed a proposal for a 30-day ceasefire with Russia following talks with Washington in Jeddah, leaving Moscow with ‘the ball in their court’. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 11

U.S. tech stocks suffer a $1tn wipeout as Trump tariffs and recession concerns trigger a massive repricing move. Tesla shares fall 15 per cent during its worst session since September 2020. U.S. Secretary of State Marco Rubio arrives in Jeddah, Saudi Arabia for Ukraine peace talks and says Kyiv will have to accept Russian control of some of its territory. Sales slow and investors await guidance from Volkswagen with earnings due later this morning. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 10

President Donald Trump says the U.S. economy requires time to transition and says that a recession is still a possibility. Former Bank of England governor Mark Carney wins the race to become Canadian Prime Minister and immediately slams Trump’s tariff policies against his country. The CDU and SPD will enter coalition talks following agreement on several policies including energy and tax reforms in a bid to lift the country’s stuttering economy. U.S. and Ukrainian peace negotiators head to Saudi Arabia and are looking to reset relations following last month’s Oval Office argument between President Trump and President Volodomyr Zelenskyy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 7

President Trump signs an executive order to delay certain tariff measures on both Canada and Mexico, claiming the volte-face is unrelated to market reaction. Tech stocks lead tariff-related losses on Wall Street with U.S. equities suffering their worst trading week of the year so far. We are live in Brussels where EU leaders agree on defence spending but Hungarian opposition blocks unanimous support for Ukraine. EC President Ursula Von Der Leyen says the bloc is determined to step up to Russian aggression. Chinese export growth slows more than expected as U.S, tariffs come into effect. Imports are also down at the sharpest rate since mid-2023. And in crypto news, Bitcoin is down 6 per cent as President Trump’s crypto EO receives mixed reactions ahead of a summit on the sector at the White House. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 6

Automakers are handed a one-month postponement of tariffs on Canada and Mexico by U.S. President Trump with his administration dangling the prospect of further sector-specific exemptions. Investor sentiment lifts slightly on Wall Street as a result and Asia equities follow suit. French President Emmanuel Macron says he could extend his country’s nuclear deterrent to cover Europe in the face of Russian aggression. He warns the continent must ready itself for self-defence, potentially without the U.S. providing security. Chinese e-commerce giant Alibaba launches its DeepSeek A.I. rival, helping its stock rise and pushing the Hang Seng to a new three-year high. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 5

President Trump makes the longest joint address to Congress in U.S. history, touting his administration’s achievements so far on immigration, government expenditure and upcoming trade measures. Tariff fears are reflected in the U.S. markets with the S&P 500 and Nasdaq seeing their post-election gains cancelled out. In Beijing, the NPC warns of changes ‘unseen in a century’ as it targets GDP of 5 per cent amid fears of another trade war with the U.S. Chancellor-in-waiting Friedrich Merz is considering loosening fiscal rules in order to boost defence spending and to ease Germany’s debt brake. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 4

President Trump’s tariffs come into effect hitting imports from Canada and Mexico with 25 per cent levies. China receives an additional 10 per cent. Both China and Canada immediately respond with counter-tariffs, digging in for what could be a bitter trade war. Tech stocks retreat with Nvidia seeing almost $300bn wiped from its market cap. Meanwhile, Taiwanese chip giant TSMC pledges to build to build 5 semi-conductor factories in the U.S., worth almost $100bn. The move could be the largest FDI in U.S. history. Opec + nations announce their first output hike since 2022, increasing to 138,000bpd starting next month. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 3

UK Prime Minister Keir Starmer calls for a ‘coalition of the willing’ following Friday’s dramatic collapse in US-Ukrainian peace talks. Crypto prices soar following US President Donald Trump’s details of his strategic reserve plan which features Bitcoin as well as smaller tokens in a bid to boost the sector. Asian indices are in the green today as investors anticipate tariff announcements on Canada, Mexico and China later this week. We are live at the Mobile World Congress in Barcelona where Deutsche Telekom CEO Tim Höttges tells CNBC Europe’s telco regulatory environment is increasingly being left behind. Chinese EV makers continue to make inroads in the sector with Tesla rival BYD enjoying a 160 per cent surge in annual market share in February. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 28

Wall Street and Asian indices both fall into the red as global trade concerns weigh following President Trump’s pledge to slap additional tariffs on Chinese imports. Beijing has vowed to impose counter-measures. Nvidia drags global chip stocks down with its market cap dipping below $3tn. President Trump hosts UK Prime Minister Sir Keir Starmer and says the two countries are progressing towards a trade deal. In Germany, exploratory coalition talks between the CDU and SPD are set to begin today after no party achieved an outright majority in Sunday’s election. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 27

Nvidia posts an earnings beat but guidance disappoints Wall Street pushing shares down slightly. The chip giant’s CEO Jensen Huang tells CNBC he remains unfazed by lower-cost challengers. President Trump holds his first cabinet meeting, threatening the EU with a new 25 per cent tariff on imports, saying the bloc’s formation was aimed at ‘screwing’ the U.S. Bitcoin attempts to claw back some losses as a global rout sees up to $800bn wiped off global crypto markets. UK Prime Minister Sir Keir Starmer is in Washington for his first meeting with President Trump with Ukraine-focused talks set to dominate the agenda. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 26

The world’s largest brewer, AB InBev posts record FY revenue but overall volumes fall. Washington and Kyiv are reportedly set to sign an agreement over critical mineral resources in Ukraine in exchange for yet unspecified U.S. support measures. President Donald Trump has seemingly confirmed that Ukrainian President Volodomyr Zelenskyy will travel to Washington to sign the deal later this week. Tesla’s market cap slumps below $1tn as nearly all post-U.S. election stock gains have been cancelled out by a 25 per cent drop in share value. In Germany, Chancellor-in-waiting Friedrich Merz has said he will not tweak the country’s strict debt brake rules. We hear from Bundesbank president Joachim Nagel who says it is important to remain flexible. And the IIF warns that global debt levels have reached $318tn in 2024. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 25

President Trump has promised to launch sweeping tariffs on neighbours Canada and Mexico starting next week. JPMorgan boss Jaimie Dimon tells CNBC that most U.S. businesses will largely be unaffected. The U.S. 2- and 10-year Treasuries fall to their lowest point this year so far ahead of Friday’s PCE print. Markets remain jittery about stubborn inflation. In Germany, Chancellor-in-waiting Friedrich Merz considers tweaking the country’s debt rules as he seeks to form a coalition government. We speak to top union negotiator for IG Metall and Volkswagen, Thorsten Groger, who says a centrist coalition is vital to safeguard jobs. Tesla sees new car registrations slump by more than 50 per cent in Europe, this despite January showing an uptick for the EV sector. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 24

Three years on from Russia's full-scale invasion of Ukraine and the conflict continues, both at home and abroad now with splintering support and a new US administration threatening to upend progress... So is this finally Europe's "wake-up" call? Can it still count on the United States for support? And is the continent actually ready to step up and provide its own collective defence? We pose those questions and more to Dmytro Kuleba - he spent four years working in President Zelenskyy’s administration as Minister for Foreign Affairs, and played a key role in international negotiations, until his resignation in September 2024 See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 24

Friedrich Merz is to become Germany’s next chancellor with the CDU taking 28.6% of the vote. The outgoing SPD crashed to its worst defeat in more than a century. The AfD doubles its votes to come in second and maintains it could still work in a coalition despite the German ‘firewall’ strategy. The hopes of German political stability boosts the euro. And on the three-year anniversary of Russia’s full-scale invasion of Ukraine, President Volodomyr Zelenskyy says he would be willing to step down if the country received NATO membership. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 21

Standard Chartered announces it is launching a $1.5bn share buyback after missing Q4 bottom line expectations. The U.S. administration has reportedly refused to call Russia an ‘aggressor’ in a key communiqué following a week of difficult exchanges between U.S. President Donald Trump and Ukrainian President Volodomyr Zelenskyy. We speak exclusively to former Ukrainian foreign minister Dmytro Kuleba who says Trump is only focused on the United States. Alibaba shares surge after the Chinese e-commerce giant announces ‘aggressive’ investment in A.I. and reports its fastest revenue growth in a year. In Germany, campaigning is coming to a close ahead of this Sunday’s elections. The CDU’s frontrunner candidate Friedrich Merz says that Europe’s future is on the line. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 20

Asian equities are in the red following a unsettled session on Wall Street as the Federal Reserve waits on more information about President Trump’s policies and the inflation forecast before moving to cut rates once more. President Trump slams Ukrainian President Volodomyr Zelenskyy, accusing him of duping the previous U.S. administration and of misusing military funds sent to the country. In aviation news, Airbus scores a quarterly net profit beat and ups its FY delivery target despite lingering supply chain concerns. Germany’s two main candidates square off in the last debate before Sunday’s election. Polls put CDU leader Friedrich Merz in a strong position to become Chancellor. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 19

President Trump is eyeing increased tariffs of 25 per cent on imports of cars, drugs and semi-conductors and he announced he would provide further details in April. Ukraine peace talks between the U.S. and Russia end in Riyadh with both sides pledging increased cooperation. President Trump slams Ukrainian President Volodomyr Zelenskyy’s call to be included in negotiations. In banking news, Europe’s largest lender HSBC announces cost cuts of $1.8bn over the next two years as well as a new $2bn buyback. The RBNZ slashes rates by 50bps for the third consecutive time in an attempt to resuscitate growth. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 18

European allies are divided over a potential peace-keeping mission to Ukraine as U.S. and Russian officials meet in Saudi Arabia to discuss ending the conflict. We hear from French finance minister Eric Lombard who challenges Brussels to “get its act together” in the face of the new Trump administration. In Hong Kong, Chinese tech stocks continue their bullish run nudging the Hang Seng Tech Index to a three-year high. And in Germany, the top candidates for Chancellor are grilled in a town hall ahead of this weekends election. Investor Ann-Kristin Achleitner tells CNBC that the country’s business sector lacks ambition. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 17

The U.S. is set for Ukraine peace talks with Russia while President Macron calls for an emergency summit of European powers in Paris. We hear from the German Foreign Minister Annalena Baerbock at the Munich Security Conference who says the West must step up to the plate and demonstrate unity on the war in Ukraine. Her comments follow U.S. Vice President JD Vance’s speech on the ‘retreat’ of European values at the MSC on Friday. In Germany, all four main candidates vying to become the next Chancellor clash in a heated televised debate. Friedrich Merz’s CDU leads the polls at around 30 per cent with the AfD in second on 20 per cent. And in tech news, Tencent shares surge on the news it is looking to integrate the Chinese AI firm DeepSeek model into one if its main apps. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 14

President Donald Trump has announced he is launching reciprocal tariffs against all U.S. trading partners which would be calculated on a country-by-country basis and would take both tariff and non-tariff barriers into account. U.S. markets have so far shrugged off the latest tariff threats while wholesale inflation shows signs of slowing. Europe’s largest lender, HSBC, is due to announce a new round of global job cuts which could amount to $1.5bn. Meanwhile, Santander denies reports of a potential sale of its UK retail arm to Natwest. And Italian luxury brand Moncler posts a robust top and bottom line quarterly beat, driven by strong demand in China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 13

Elon Musk has urged the U.S. government to scrap entire agencies to save up to $1tn as part of his DOGE bureaucracy revision. Markets are spooked after a hotter-than-expected U.S. inflation print with the 10-year Treasury yield nudging past 4.6 per cent. We hear from billionaire investor Ray Dalio who says he is concerned over inflated asset prices coupled with the threat of rising rates. President Trump has announced he held a lengthy phone conversation with Russian President Vladimir Putin about beginning negotiations to end the war in Ukraine. Commerzbank posts record Q4 profits which have surged by 6 per cent to €11bn. Siemens beats revenue growth expectations in the first quarter despite a slump in orders at the company’s mobility unit. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 12

U.S. President Donald Trump orders government agencies to work with Elon Musk’s Department Of Government Efficiency to make cut-backs. Musk slams critics of the project and says the American electorate has voted for the reforms. We are live in Paris at the AI Action Summit where the U.S. and UK have refused to sign up to an official communiqué as differences over regulation and governance continue. U.S. Vice President J.D. Vance says Europe’s approach to the sector is “excessive”. On Capitol Hill, U.S. Federal Reserve Chairman Jerome Powell touts the strength of the U.S. economy but refuses to comment on President Trump’s trade policies. The UK’s OBR has warned Chancellor Rachel Reeves may have to break her own fiscal rules following a disappointing first draft forecast. And Deutsche Boerse posts a 25 per cent Q4 profit rise but warns of headwinds later this year due to lower interest rates. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 11

UniCredit posts a record-breaking year and its 16th straight quarter of growth, as net profit comes in just shy of 10 billion euros despite more than 1 billion in extraordinary charges. CNBC spoke exclusively to CEO Andrea Orcel on the company’s earnings and Italian banking consolidation. U.S. President Donald Trump signs off a 25% tariff on steel and aluminum imports – and warns of further trade levies in the coming weeks. Gold hits a fresh all-time high, settling its record for the fifth time this year as tariff tensions push investors to the safe haven asset. Meanwhile Sam Altman brushes off an unsolicited $100 billion bid from Elon Musk to buy OpenAi as the billionaires’ bitter rivalry takes a new turn. In Paris, President Emmanuel Macron pledges to roll back European red tape at the AI Action Summit, as the bloc battles to keep up with the U.S. and China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 10

U.S. President Donald Trump adds a new front to his trade war, as he threatened 25% tariffs on all steel and aluminum imports, and promises further “reciprocal” levies in the coming days. Meanwhile Chinese retaliatory tariffs on around 14 billion dollars’ worth of U.S. goods take effect, while fresh data shows a pickup in consumer inflation in the world’s second largest economy. In Germany, Chancellor Olaf Scholz and election frontrunner Friedrich Merz go head-to-head in the first television debate – with the health of the economy dominating the conversation. Pressure mounts on BP as activist investor Elliot Management reportedly builds up a stake in the British energy producer. In France, President Emmanuel Macron pledges more than 100 billion euros worth of investment into AI, as top tech names descend on Paris for the AI Action Summit. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 7

Amazon shares slip to the downside as the tech giant issues lower-than-expected guidance for the current quarter, but talks up its capex plans with spending to hit 100 billion dollars this year. Europe’s STOXX 600 closes at an all-time high, lifted by upbeat earnings as attention turns to today’s U.S. jobs report. Meanwhile, the Bank of England cuts by a quarter point, as it halves its growth forecast for the year, and flags fresh concerns over the government’s fiscal plans. French cosmetics company L’Oreal misses quarterly sales forecasts, with revenue rising at the slowest pace since the pandemic amid weakness in China and North America. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 6

Chip manufacturers Qualcomm and Arm both top Q4 expectations after the bell but A.I. capex concerns push shares down. The Nissan-Honda merger is reportedly in jeopardy as Nissan shareholders’ “growing differences” could now potentially lead to the $58bn deal being scrapped. Société Générale enjoys a doubling of Q4 profits helped by a rebound in its retail banking arm. The French lender’s FY revenue tops targets and is also promising a share buyback. France’s new government survives two no-confidence votes in the Assemblée Nationale which will now allow Prime Minister Francois Bayrou to pass the country’s delayed budget. And in the UK, the Bank of England is expected to cut interest rates by a quarter point as well as issue a potential growth forecast downgrade. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 5

U.S. President Trump hosts Israeli Prime Minister Benjamin Netanyahu at the White House and announces potential plans to ‘take over’ Gaza and redevelop the territory. Chinese markets re-open after a week-long holiday and trim gains after Beijing’s swift retaliation against U.S. tariff increases prompts investors to cut risks. In tech news, investors prove wary of Alphabet’s A.I. $75bn investment in the sector which has exceeded forecasts. And we are live in Copenhagen where Novo Nordisk are due to report FY results amid recent signs of shareholder anxiety. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 4

China retaliates against U.S. trade restrictions, slapping duties onto wide-ranging U.S. imports. President Trump agrees to suspend tariffs with Canada and Mexico for after Ottawa and Mexico City vowed to strengthen border security to stamp out illegal immigration and drug smuggling. Swiss lender UBS posts a $770m Q4 net profit beat and confirms its guidance. And there are also earnings due in from BNP Paribas, OMV and Infineon. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 3

President Trump triggers a trade war which sends the dollar soaring and pushed Asian equities into the red. Mexico and Canada are hit with 25 per cent while Chinese goods are subject to a 10 per cent surcharge on existing tariffs. Trump has threatened that the EU could be targeted next. Both Canada and Mexico have vowed to retaliate. In M&A news, Italy’s Unicredit has disclosed a new stake in the country’s largest insurer, Generali, but has denied any strategic interest behind the move. German lender Commerzbank posts a record FY pre-tax profits while fending off interest from Unicredit. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 31

Apple shares soar more than 3 per cent in after-hours trade boosted by strong revenue from services. However, iPhone sales disappoint, dragged down by poor Chinese demand. Canadian and Mexican imports into the U.S. will be hit with 25 per cent tariffs from tomorrow but President Trump says he is still undecided whether the measures will affect oil. The ECB slashes euro interest rates by 25bps. It’s the central bank’s fifth cut of the cycle amid growing concerns about sluggish growth throughout the bloc. President Christine Lagarde says that a larger cut was not on the table. And two black boxes have been recovered from the Potomac River in Washington D.C. following Wednesday night’s fatal mid-air collision between a regional American Airlines jet and a military Black Hawk helicopter. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 30

Tesla Q4 results miss estimates with shares falling and then rebounding in after-hours trade. However, CEO Elon Musk remains bullish about the year ahead pointing to advancements in A.I. and self-driving technology. Microsoft sees disappointing cloud sector revenue while Facebook owner Meta beats Q4 expectations despite softer-than-expected forecasts. The U.S. Federal Reserve maintains rates in January as the central bank waits to assess the impact of President Trump’s sweeping policy changes on the economy. Chairman Jerome Powell says he is blocking out all external commentary. And dozens of passengers are feared dead in Washington DC after an American Airlines jet collided with a U.S. military Blackhawk helicopter over the Potomac River. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 29

Dutch chip equipment ASML moves to calm investor jitters over AI plans, beating Q4 expectations with net income of €2.69bn. Nvidia shares have slowly rebounded following Monday’s DeepSeek-driven bloodbath, ending yesterday’s session almost 9 per cent higher. Other U.S. tech stocks have also clawed back losses as retail investors re-enter the sector following this week’s massive sell-off. UK Chancellor of the Exchequer Rachel Reeves is to set out deeper plans to improve the country’s economy in a speech later today, saying she anticipates opposition in her quest for growth. And in luxury news, LVMH posts a Q4 sales beat helped along by strong demand in Europe and the U.S. despite the French giant warning of an unfavourable global economic environment for the sector. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 28

Nvidia’s market cap takes a $600bn battering – the biggest one-day Wall Street wipe-out in history. The emergence of DeepSeek sees $1tn knocked off big tech stocks amid a market panic reverberating in Japan and in European AI-related shares. In Germany, Siemens attempts to stem losses from the sell-off with preliminary Q1 revenue narrowly beats forecasts at €9bn. German cloud-computing giant SAP boosts guidance on the back of a strong AI-driven Q4 order pipeline. And President Trump touts Microsoft as a potential company to acquire social media platform TikTok. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 27

Thousands of displaced Gazans begin to return to their homes in the north of the Gaza Strip as the fragile ceasefire continues to hold. U.S. President Trump has proposed rehousing Palestinians from the Gaza Strip in neighbouring Arab nations to ‘clean out’ the demolished territory. Trump has also spoken to Danish Prime Minister Mette Frederiksen, once again pushing for U.S. control of Greenland. With less than a month before the German elections, the CDU chancellor candidate Friedrich Merz has proposed a new hardline immigration bill while Tesla CEO Elon Musk addressed an AfD rally, slamming EU over-reach in the country. In China, manufacturing activity surprisingly contracts in January which now places further pressure on Beijing to provide stimulus measures. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 24

President Trump calls for interests rates to be slashed immediately, helping to push the S&P 500 to a record high. The BoJ raises interest rates to their highest level since 2008 and indicates further hikes will follow. In a video address to the World Economic Forum, President Trump slams the EU for its treatment of the U.S. We hear from the European Commission’s EVP for Prosperity and Industrial Strategy, Stéphane Séjourné, who says neither Brussels nor Washington have any interest in a trade war. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 23

Tesla CEO Elon Musk pours cold water on President Trump’s A.I. mega-project Stargate, saying Softbank, Oracle and OpenAI ‘don’t actually have the money’ to realise the plan but Sam Altman hits back asking Musk to put the country’s interests first. Meanwhile at Davos, President Trump’s tariff threats loom large ahead of his special video address to the World Economic Forum later today. Trump has warned Russia of further sanctions if the war in Ukraine is not resolved quickly while Ukrainian President Volodomyr Zelenskyy’s top advisor Andriy Yermak tells CNBC that Kyiv will not compromise on territorial integrity or sovereignty. We also hear from Polish President Andzrej Duda who calls for a dramatic increase in defence spending among NATO members warning Putin’s expansionism is ‘insatiable’. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 22

President Trump announces a ‘monumental’ $500bn A.I. infrastructure project called Stargate, backed by OpenAI, Oracle and Japan’s Softbank. Netflix shares soar as price hikes and live events help the streaming giant post a huge beat on subscriber numbers. In Asian markets, Greater China stocks disappoint amid new threats of tariffs coming from the Trump administration while European indices are set to open in the green. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 21

Donald Trump is inaugurated as the 47th President of the United States, immediately signing off on a flurry of executive orders. He did, however, stop short of launching immediate tariffs on neighbours Canada, Mexico as well as on China. Trump did sign a 75-day reprieve on the ban on TikTok in order to review a deal for the platform. He also signed orders to withdraw the U.S. from the Paris Climate Agreement and to exit the WHO. We speak to UAE sovereign wealth fund Mubadala, Khaldoon Al Mubarak, who says AI demand is ‘profoundly high’ but warned that the technology remains imperfect. In forex news, the dollar is down while the yuan hits a 6-week high as a new Trump era begins. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 20

TikTok is reinstated Stateside following assurances from President-elect Trump who declares the social media giant’s operation as key to U.S. businesses and jobs. Ahead of his inauguration later today, Trump has pledged to sign close to 100 executive orders in his first few hours in office. In the Middle East, Hamas returns 3 October 7th hostages in return for 90 Palestinian prisoners as the Gaza ceasefire deal comes into effect. We hear from TSMC CFO Wendell Huang who says he expects funding from the Chips Act to continue under Trump’s leadership. He reveals that the Taiwanese chip giant has already received $1.5bn in government support. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 17

China posts growth of 5 per cent for 2024, achieving government targets following a strong Q4 which was driven by resilient export numbers and stimulus measures from Beijing. Apple stocks weigh on Wall Street with the iPhone maker suffering its worst session since August on the back of poor sales of its handsets in China. In France, Prime Minister Francois Bayrou survives a no-confidence motion in the Assemblée Nationale and continues discussions to form a 2025 budget. And in tech news, President Biden will now not push to cancel TikTok in the U.S. – a ban which was due to come into force on Sunday. The European Commission’s EVP Henna Virkkunen insists that European social media regulations must be respected. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 16

Wall Street enjoys its best session since early November following a weaker-than-expected core CPI print. The Magnificent 7 tech stocks together added more than $550bn in collective market cap. U.S. bank earnings also helped boost indices Stateside with JP Morgan posting record revenues and earnings. Taiwanese chip giant TSMC posts record Q4 profits which surged by 57 per cent off the back of strong A.I. semiconductor demand. After 15 months of conflict, a U.S., Qatar and Egypt-brokered Israel-Hamas ceasefire deal has been reached. The triple-phased agreement is due to begin on Sunday. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 15

Tech stocks including Nvidia and Meta drag the Nasdaq into the red for its fifth straight session. Investors now turn their attention to the CPI print following better-than-expected producer price data. In Seoul, police arrest impeached president Yoon Suk Yeol at the second attempt. He is South Korea’s first ever serving leader to be arrested. New French prime minister Francois Bayrou has announced in the Assemblée Nationale that he aims to re-open discussion over President Macron’s pension reforms as he seeks to court left-wing lawmakers to agree on a budget. And in the UK, under-pressure Chancellor Rachel Reeves doubles down to defend her October budget in the face of soaring borrowing costs. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 14

Global bonds continue to sell off with the U.S. Treasury bill now hitting a 14-month high. Meanwhile the 10-year JGB yield reaches its highest level since 2011. Wall Street is dragged down by tech stocks to its fourth consecutive session in the red following President Biden’s announcement of new curbs on A.I. chips. The dollar index soars to its highest level in more than 2 years, putting global currencies under pressure. In energy news, crude prices fall back slightly but still hover at a near-4-month high after an increase of almost 10 per cent since the start of the year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 13

The dollar index soars to its highest level since late 2022, prompting the PBOC to ramp up efforts in a bid to protect the yuan. Chinese trade data for December beats expectations. Asian equities start the week slowly following Friday’s negative session on Wall Street and the strong December U.S. jobs print. In energy news, Brent rallies to top $81 per barrel on the back of new U.S. sanctions on Russian crude – its highest level for four months. And in Los Angeles, residents are braced for strong Santa Ana winds to return as the death toll from last week’s wildfires rises to 24. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 10

Global markets are spooked by elevated yields with the 10-year Treasury yield sitting at a near-eight month high while UK Treasury seeks to reassure investors rising gilts. In China, yields also rise as the yuan hits a 16-month low. The PBOC moves to suspend treasury buying due to a shortage of available bonds. X owner Elon Musk reiterates his support for Germany’s AfD during a livestream conversation with leader Alice Weidel. In aviation news, Airbus delivered 766 jets in 2024, slightly missing expectations. However the French plane maker maintains its lead over rival Boeing for the sixth year running. Wall Street futures point lower following Christmas with investors now eyeing December’s non-farm payroll data due out later today. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 9

The bond market sell-off continues around the world with the benchmark yield rising in the UK, Germany, Japan and the U.S. The 10-year yield is now at its highest level since April 2024. The Chinese economy is struggling against deflation with CPI data plunging to a 5-month low in December. Manufacturing prices remain in deflationary territory for the 27th-straight month. President Biden is reportedly due to sign off on a final round of A.I. chip export restrictions ahead of the Trump presidency in 11 days’ time in a bid to coerce allies to align themselves with U.S. standards in the sector. And in Los Angeles, wildfires have now spread into the iconic Hollywood Hills. President Biden has declared a major disaster. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 8

A strengthening services and jobs scenario Stateside again dampens expectations of further Fed rate cuts this year with tech stocks pushing U.S. indices down, with Nvidia hit by profit-taking. In the UK, long-term borrowing costs soar to a 27-year high potentially wiping out under-fire Chancellor Rachel Reeves’ fiscal headroom. Samsung admits it will miss expectations in Q4 but share are in the green on the back of positive comments from Nvidia CEO Jensen Huang about the company’s ability to deliver A.I.-suitable chips. Facebook owner Meta scraps its fact-checking programme in what CEO Mark Zuckerberg describes as a return “back to our roots” regarding free speech. And in Los Angeles County, wildfires force 30,000 people to flee the Pacific Palisades region. A state of emergency has been declared. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 7

Nvidia shares are at a record high as CEO Jensen Huang announces at CES his company’s ambitions to expand in robotics, gaming and autonomous vehicles. Samsung Electronics co-CEO Jong-Hee Han tells CNBC the South Korean giant is set to boost its on-device A.I. strategy and says competition in the sector is to be welcomed. Chinese tech conglomerate Tencent leads losses in Hong Kong as the U.S. adds the firm to its list of companies allegedly partnering with the Chinese military. U.S. President-elect Donald Trump denies reports he will water down tariff threats with the 30-year Treasury yield hits its highest point in 14 months. And in Canada, Prime Minister Justin Trudeau announces his resignation after 9 years in power. Former BoE governor Mark Carney is reportedly in the running to replace the Liberal Party leader. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 6

Chinese services activity hits a seven-month high on the back of strong domestic demand. The strength of the dollar pushes the yuan to a 16-month low. In autos news, Xpeng shares are up following the announcement of a Chinese EV charging network deal with Volkswagen. Tesla CEO Elon Musk intervenes further into UK politics arguing for a snap election and withdrawing his support for Reform leader Nigel Farage. Strong demand for A.I. helps Foxconn to record quarterly revenues and lifts the wider sector ahead of a key speech by Nvidia CEO Jensen Huang later today. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 3

The S&P 500 and the Nasdaq begin the year in the red - their fifth-straight negative session. However, the dollar extends its rally into 2025 with the index hitting a two-year high. President Biden is expected to officially announce he is blocking the proposed $15bn takeover of U.S. Steel by Japan’s Nippon Steel. Outnumbered by security forces, South Korean prosecutors abandon their attempt to execute an arrest warrant for impeached President Yoon Suk Yeol over last month’s imposition of martial law. And in autos news, Tesla shares fall more than one per cent on the year after the EV maker posted its first decline in annual deliveries. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 2

The U.S. is on high alert as the new year begins with a terror attack involving a pick-up truck ramming into revellers in New Orleans, killing 15 people and injuring dozens more. Hours later, a Tesla Cybertruck explodes outside the Trump Tower hotel in Las Vegas, killing the driver. Asian markets are mostly in the red with investors looking forward to a second Donald Trump presidency and a potentially more hawkish Federal Reserve. New Chinese export orders are down once more ahead of expected U.S. tariffs later this month. And in energy news, Kyiv refuses to renew a gas transit deal for Russian gas flowing into Europe. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 31, 2024

European equities are largely flat in the holiday-shortened session but the Stoxx 600 is set to deliver a second year in the green for the first time since 2015. The U.S. Treasury Department claims Chinese hackers have stolen documents in a major cyber breach. Beijing has said the allegations were smear tactics. Growth in China slows in December but President Xi Jinping said the country remains on track to hit its 5 per cent target for the year. And Chinese toy company Bloks Group is set to float on the Hong Kong Exchange in a listing that could be worth $188m. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 30, 2024

The Jeju Air disaster becomes South Korea’s worst air disaster in history with Boeing shares opening lower on the Frankfurt bourse. European equities follow Wall Street with every sector opening in the red. The Stoxx 600, however is still on track to end the year positively for a second straight time. In Japan, the Nikkei rises almost 20 per cent on the year while South Korea’s KOSPI posts its longest monthly losing streak since 2008. Condolences flood in for former U.S. President Jimmy Carter who has passed away aged 100. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 24, 2024

Chinese stocks are up on reports that Beijing is due to launch a record amount of special Treasury bonds in a bid to stimulate the economy ahead of Donald Trump’s return to the White House. U.S. President Joe Biden opens a probe into Chinese chip makers in what is the latest salvo against the country’s trade practices. Honda, Nissan and Mitsubishi all see shares surge, with Honda issuing a $7bn share buy-back and confirming merger talks with Nissan. French Prime Minister François Bayrou picks the head of the state-backed financial group Caisse des Dépôts Éric Lombard as his new finance minister. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 23, 2024

Nissan and Honda officially begin merger talks which will create the world’s third largest automaker with ¥ 30tn in sales. Volkswagen shares are flat despite the German giant reaching an agreement with labour unions over annual cuts of €4bn and averting further strikes. In insurance news, Aviva is to buy up rival Direct Line in a deal worth £3.7bn. The deal will make it the largest home and car insurer in the UK. U.S. futures are up at the start of holiday-shortened week while President-elect Donald Trump threatens to seek American ownership of the Panama Canal over ‘ridiculous’ shipping fees. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 20, 2024

The U.S. is on the brink of a government shutdown, after the House rejects an amended Republican bill hours from the deadline. The Dow ekes out a gain, snapping its longest losing streak since 1974, as investors count down to today’s PCE print. Japanese core inflation came hotter than expected, slowing the Yen’s decline and pressuring the BOJ to hike rates. Nike shares reverse its gains as CEO Elliot Hill says the sport’s giant’s turnaround plan will be an uphill battle, while blaming deep discounts for declining revenue. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 19, 2024

Markets were spooked after Fed Chair Powell delivers a hawkish cut and signals less easing in 2025 and beyond, with the dollar spiking, treasury yields climbing, and U.S. equities sinking. More fuel was added to fears over fewer rate cuts as President-elect Trump threatens to thwart a bipartisan funding bill, pushing the U.S. government closer to shutdown. Asian equities follow their Wall Street peers into the red, while the BOJ keeps rates on hold, as expected. Economists forecast a hold from the Bank of England as interest rates hit a three-decade premium against Germany amid higher inflation and weaker employment data. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 18, 2024

Wall Street retreats from record highs, with the Dow dipping for a 9th straight session as Nvidia sinks deeper into correction territory. The Federal Reserve is gearing up to deliver its third interest rate cut in a row despite stronger-than-expected retail sales, while the outlook for future cuts remains mixed. In Asia, the Bank of Japan is also gathering to make its final policy decision of the year, as Japanese exports surge in November. Meanwhile, Nissan and Honda mull a merger as Japanese carmakers grapple with slowing demand and tough competition in the EV sector. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 17, 2024

The Dow hits its longest losing streak since 2018 while the Nasdaq soars, with Tesla, Google, Amazon and Apple hitting record highs. Meanwhile, Nvidia stumbles through, falling under correction territory, as rival Broadcom powers ahead after bullish calls from Wall Street. In Germany, Chancellor Olaf Scholz loses a confidence vote in the nation’s Bundestag, setting the stage for a February election. Softbank CEO Masayoshi Son pledges a $100 billion investment into the U.S., a massive win for President-elect Trump ahead of his return to the White House. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 16, 2024

Disappointing economic data sends Chinese equities lower and bond yields to record lows, renewing pressure on Beijing to boost domestic demand as stimulus impact fades. In South Korea, President Yoon Suk Yeol is impeached after his short-lived martial law attempt last week. Meanwhile, Moody’s cuts its France credit rating, just as new prime minister François Bayrou pledges to seek compromise in a divided parliament. Over in Germany, Chancellor Olaf Scholz awaits today’s no confidence vote, as the country prepares for possible elections in late February. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 13, 2024

U.S. producer price inflation comes in hotter than expected on the back of the CPI data earlier in the week. The print potentially casts some doubt over next week’s widely anticipated Fed rate cut. Speaking to CNBC at the NYSE, President-elect Donald Trump said he was optimistic for investors. Asian equities, however, move lower and China’s 10-year treasury bond hits a record high following an uninspiring readout from the country’s Central Economic Work Conference. In Frankfurt, the ECB cuts rates by an expected 25bps but President Christine Lagarde tells CNBC that a larger move had been mooted. In Germany, industry continues to falter with electricity prices hitting an 18-year high following poor returns from renewable sources. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 12, 2024

On Wall Street the Nasdaq closed Thursday’s session above the 20k-mark for the first time ever after the CPI data hit expectations. A further rate cut by the Fed is now expected next week. Asian markets followed suit into the green with investors now eyeing further stimulus from Beijing as a two-day economic summit ends today. We are live at the ECB where a fourth rate cut is almost a certainty but focus will turn to next year’s outlook as the euro zone grapples with faltering growth in France and Germany and the impact of the second Trump presidency. We are also at the SNB in Bern for the first rate decision under new chairman Martin Schlegel with markets split on the size of a widely anticipated rate cut. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 11, 2024

Wall Street is in the red with the Dow posting its fourth consecutive negative session ahead of today’s inflation print. President-elect Donald Trump’s selection of Treasury Secretary Scott Bessent gives Federal Reserve Chairman Jerome Powell a short-term vote of confidence but sounded doubtful he would retain his position beyond May 26th next year. U.S. Steel shares fall on a report that outgoing President Joe Biden will seek to block the takeover by Japan’s Nippon Steel later this month. In France, President Macron is set to name a new prime minister by the end of tomorrow but has so far excluded both far-right and far-left parties from talks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 10, 2024

Chinese President Xi Jinping says that there are no winners in a trade war as his country’s November export growth slows and imports decline at their sharpest rate in 14 months. Nvidia shares drag Wall Street into the red as regulators in China begin an investigation into potential anti-monopoly violations by the chip giant. We are live in Brussels where Rachel Reeves becomes the first UK Chancellor of the Exchequer to attend a Eurogroup session post-Brexit. She has pledged to re-establish a stronger trade relationship with the bloc. And in tech news, German software developer Teamviewer strikes a deal with Carlyle Europe Technology Partners to acquire digital employee experience platform 1E. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 6, 2024

Markets are bracing for the U.S. jobs report, with Wall Street easing back from record highs, and small caps seeing their worst day in 3 weeks. Meanwhile in France, President Emmanuel Macron plays the blame game, resisting calls to step down and calling out the left and right for the government collapse. OPEC+ and its allies delay plans to increase production once again over weak demand and rising production outside the group. In the U.S., President-elect Donald Trump nominates former Senator David Perdue as the next ambassador to China, while tapping Elon Musk-ally David Sacks to lead on crypto and AI. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 5, 2024

A vote of no-confidence in France brings the government down, ensuring Michel Barnier is the nation’s shortest-serving prime minister in more than 60 years. We are live in Seoul, South Korea where President Yoon Suk Yeol faces an impeachment vote this Saturday following Tuesday’s 6-hour long declaration of martial law. On Wall Street, tech stocks push indices into the green with the Nasdaq enjoying its best day since July. Federal Reserve Chairman Jerome Powell, however, still urges caution over further rate cuts. And in crypto news, Bitcoin finally breaches the $100k-mark as it continues to rally following the election of Donald Trump. The President-elect taps crypto advocate Paul Atkins for SEC chairman. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 4, 2024

South Korean President Yoon Suk Yeol is reportedly facing an impeachment vote as early as this Friday following yesterday’s 6-hour period of martial law. The political fallout sent the Korean won plunging to a two-year low. In Paris, Prime Minister Michel Barnier’s government is on the brink of collapse as opposition parties table a vote of no-confidence over his handling of the country’s budget. On Wall Street, the S&P 500 and Nasdaq enjoy fresh record highs ahead of this Friday’s employment print. E-commerce giant Amazon launches plans for a new A.I. super-computer using home-grown semiconductors in a bid to head off rival Nvidia. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 3, 2024

French Prime Minister Michel Barnier forces through a contested budget bill which spooks financial markets and exposes his government to a potential no-confidence vote this week. The S&P 500 and Nasdaq begin December hitting new record highs, with Asian indices following suit. Intel CEO Pat Gelsinger is ousted by the company’s board as his plans to turn around the chip maker’s fortunes falter. Meanwhile, the outgoing Biden administration launches new export controls for the chip sector in a bid to hamstring China’s ambitions in the sector. A U.S. judge upholds the decision to deny Tesla CEO Elon Musk a record $56bn pay package, despite shareholders voting to reinstate the move. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 2, 2024

Stellantis CEO Carlos Tavares resigns with immediate effect while thousands of Volkswagen workers prepare to strike over lay-offs and wage disputes. Wall Street hits new records for November with the Dow and S&P 500 enjoying their best month of the year. In France, Marine Le Pen’s Rassemblement National threatens to topple Michel Barnier’s government unless further concessions are made to the budget. Elon Musk deepens his feud with OpenAI founder Sam Altman, filing a new injunction to block the ChatGPT parent company from turning a full profit. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 29, 2024

The yen surges against the greenback as hopes of a rate increase rise following stronger-than-expected CPI data for Tokyo in November. President Biden warns that President-elect Donald Trump’s proposed tariffs on neighbours Mexico and Canada would be counter-productive. In France, Prime Minister Michel Barnier offers a key concession in budget talks. The National Rally, however, says the move will not be enough to stave off a no-confidence vote against his government early next week. Following Direct Line’s recent rejection of takeover advances, Aviva approaches its rival’s shareholders directly which could pave the way for a hostile takeover bid. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 28, 2024

The S&P 500 snaps a 7-day winning streak after the Federal Reserve’s PCE Index ticks upwards to 2.3 per cent. ECB President Christine Lagarde urges the EU to engage with U.S. President-elect Donald Trump on tariffs rather than risk a stand-off and retaliation. Germany’s Uniper hikes its FY guidance after having settled a number of legal cases which has allowed the energy giant to release provisions. In insurance news, Direct Line rejects a potential £3.3bn takeover from rival Aviva saying it had “substantially undervalued” the company. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 27, 2024

China continues to grapple with deflation concerns as October industrial profits sink. U.S. indices appear to shrug of the threat of upcoming Trump tariffs and rising on the promise of further Fed easing. Attention will now turn to today’s PCE print. CNBC learns that OpenAI employees are set to sell $1.5bn of stock in a tender offer to SoftBank. And in the Middle East, a U.S.-brokered ceasefire deal between Israel and Hezbollah comes into effect. Israeli Prime Minister Benjamin Netanyahu warns his country is ready to respond immediately should any part of the agreement be violated. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 26, 2024

President-elect Donald Trump vows to slap 25 per cent tariffs on all imports from neighbours Canada and Mexico while also adding a further 10 per cent on all Chinese goods in a bid to combat drug-trafficking and illegal immigration into the U.S. The announcement triggers a rally on Wall Street and the dollar climbs higher. In Germany the SPD choose incumbent Chancellor Olaf Scholz as its nominee in February’s election as the party struggles in the polls. Steel giant Thyssen Krupp says that cheap Chinese imports will force it to reduce its labour force by up to 40 per cent by the end of the decade. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 25, 2024

Unicredit launches a takeover bid for Italian rival Banco BPM in a deal worth approximately €10bn. President-elect Donald Trump names billionaire hedge fund manager Scott Bessent as Treasury Secretary prompting a rally in treasuries. In Germany, finance minister Joerg Kukies says that there is widespread support for reforming the country’s debt brake rules but expectations should remain realistic. Cop 29 delegates strike an annual finance target agreement of $300bn to assist poorer nations with the impacts of climate change but critics say the deal still falls short. Goldman Sachs is braced for a $900m hit from its investment in Northvolt after the Swedish battery maker filed for Chapter 11 bankruptcy in the U.S. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 22, 2024

President-elect Donald Trump nominated former Florida attorney general Pam Bondi to head the DoJ after his original pick Matt Gaetz decided to withdraw amid allegations of sexual misconduct. In Germany, defence minister Boris Pistorius has declined to stand against unpopular Chancellor Olaf Scholz to head the SPD going into February’s snap election. Lithium ion battery firm Northvolt files for Chapter 11 bankruptcy in the U.S., hampering Europe’s EV ambitions. And in crypto news, Bitcoin inches towards six figures in valuation as investors continue to back the Trump trade. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 21, 2024

Nvidia posts another stellar quarter to cement its lead in the A.I. race. Its shares, however, dip in after-hours trade. Indian multinational conglomerate Adani Group sees shares nose-dive after billionaire chairman Gautam Adani is charged by U.S. prosecutors with fraud and bribery charges. U.S. retail giant Target is in the red, falling 21.4 per cent in yesterday’s session – its worst trading day in more than two years. The company issued a sales warning ahead of the Christmas shopping season. And the co-heads of the upcoming Trump administration’s Department of Government Efficiency, Elon Musk and Vivek Ramaswamy, outline plans for mass job and spending waste cuts to the U.S. civil service. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 20, 2024

President-elect Donald Trump appoints Cantor Fitzgerald’s Howard Lutnick to run the Commerce Department. Former WWE wrestling mogul and Small Business Administration leader during Trump’s first term Linda McMahon is given the Education Secretary brief. Apollo CEO Marc Rowan is reportedly is favourite to head up the Treasury. U.S. tech stocks soar helped on by chip giant Nvidia coming close to 5 per cent ahead of the U.S. earnings report. Qualcomm announces it is positive on Trump and forecasts $4bn in PC chip sales in the following five years. Ukraine fires six U.S.-made ATACMS deep into Russia after President Biden allowed their use earlier this week. Russian President Vladimir Putin amends his own decree on using nuclear arms. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 19, 2024

Asian equities are mainly in the green at the start of the week with the dollar rally pausing after achieving multi-month highs. President-elect Donald Trump appoints Sean Duffy as transport secretary and there are reports of potential in-fighting in the transition team over a growing field of Treasury contenders. The U.S. DoJ is reportedly on the verge of forcing Google to sell its Chrome browser – the latest regulatory push to break up the company’s online search monopoly. We hear exclusively from Oaktree Capital Management’s Howard Marks who says he is positive on China’s trade relations with the U.S. over the next decade. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 18, 2024

In what is a major shift in policy, U.S. President Joe Biden has reportedly given Kyiv permission to use U.S.-supplied long-range missiles to strike deep into Russian territory. U.S. indices post their worst session in two weeks as the Trump trade falters. However, Europe still lags Wall Street by a record margin this year. President-elect Donald Trump continues to select his cabinet, naming Big Tech critic Brendan Carr as FCC head and Chris Wright as Energy Secretary. We hear from outgoing Energy Secretary Jennifer Granholm who tells us it would be “political malpractice” if Trump dismantled her administration’s green policies. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 15, 2024

Markets pare back bets on a December Fed cut, with Wall Street losing ground following hawkish comments from Jerome Powell over the strength of the U.S. economy. Meanwhile in China, fresh data paints a mixed picture on the economy as recent stimulus measures boosts retail sentiment, but the country’s key industrial sector continues to lose steam. In the U.K., Chancellor Rachel Reeves delivers her first Mansion House speech, announcing intentions to target regulation as she warns that the nation cannot take its status as a global financial centre for granted. In the U.S., President-elect Donald Trump appoints Robert F Kennedy Junior to be his Secretary of Health and Human services, potentially giving the anti-vaccine activist a major role over America’s food and drug supply. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 14, 2024

President-elect Donald Trump makes a shocking pick for Attorney General, tapping controversial Florida Representative Matt Gaetz for the role. This as NBC News projects Republicans will maintain control of the House in a ‘red sweep’. Meanwhile the Trump trade eases as fresh U.S. inflation data that supports expectations for a December Fed cut. Hedge fund billionaire David Einhorn warns of further price pressure volatility at CNBC’s Delivering Alpha Investor summit. But the crypto rally gathers pace, with Bitcoin briefly topping $93,000 for the first time, and the Dogecoin doubled its price following Trump’s election victory. In Germany, expert advisors to Chancellor Olaf Scholz cut their growth forecast for next year, delivering another blow to the beleaguer economy as political parties shift into campaign mode ahead of the February elections. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 13, 2024

President-elect Donald Trump taps X owner and Tesla CEO Elon to take leadership of the new ‘department of government efficiency’, alongside taking his pick of the new defence and intelligence heads. U.S. market majors snap their post-election winning streak, while Treasury yields spike and the dollar index hits a 6-months high as investors brace for another Trump administration. Meanwhile, Siemens Energy raises its mid-term outlook after reporting a record order backlog of €123 billion, boosted by a turnaround at turbine unite Gamesa. In Lisbon, global tech leaders gather at the annual Web Summit with the prospect of looser regulations and heightened trade tensions under President-elect Trump. There, Microsoft President Brad Smith tells CNBC that Europe remains key for the company. Germany prepares for a snap election on February 23rd after the collapse of Chancellor Olaf Scholz’s governing coalition – with Economy minister Robert Habeck saying Berlin still remains a reliable partner. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 12, 2024

Donald Trump’s election victory continues to rally markets, with the S&P 500 topping $6,000 for the first time, and the Dow soaring by more than 300 points to close above the $44,000 mark. Momentum doesn’t stop there as investors jump on the crypto trade, with Bitcoin closing in on the $90,000 mark and Coinbase popping nearly 20%. Meanwhile, sources tell NBC that Senator Marco Rubio is the likely candidate to become Donald Trump’s top diplomat, with the President-elect also said to have tapped China hawk Mike Waltz as his National Security Adviser. In Asia, chipmaker stocks dip over mounting concerns of looming U.S. protectionist measures, prompting South Korea to release its own stimulus measures for domestic producers. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 11, 2024

The S&P 500 and the Dow are clinching their best week of the year in the wake of former President Trump’s secured return to the White House, and the prospect of looser regulation and tax cuts. Cryptocurrency Bitcoin follows suit, soaring above $80,000 as the Trump trade takes hold. This as the President-elect is confirmed to have won Arizona, completing a clean sweep of all the battleground states, with Republicans now closing in on control of the House. Meanwhile, Chinese consumer inflation hits its lowest level in four months as factory gate deflation deepens, despite China’s new set of stepped-up stimulus measures. In Germany, Chancellor Olaf Scholz says he’s open to moving up a parliamentary confidence vote, potentially paving the way for snap elections sooner rather than later, following the collapse of the nation’s three-way coalition. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 8, 2024

The S&P and Nasdaq attain fresh record highs after the Fed cuts rates for a second consecutive time. However, Fed chair Jerome Powell’s press conference was dominated by questions about his position at the central bank following the re-election of President Donald Trump. Trump rewards his campaign manager Susie Wiles with the position of chief-of-staff, the first key appointment to his White House team. Outgoing President Joe Biden promises to ensure a smooth transition of power. In the UK, the Bank of England cuts rates by 25bps while hiking the inflation forecast following Chancellor Rachel Reeves’ new budget. Governor Andrew Bailey says developments Stateside are being closely monitored. Following the collapse of the German coalition government, Chancellor Olaf Scholz is under pressure to hold snap elections. Chairman of the Supervisory Board at Siemens Energy Joe Kaeser tells CNBC that the German economy is crying out for political stability. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 7, 2024

Wall Street closes at record highs following Donald Trump’s historic win to become the 47th U.S. President. The Dow rallies by 1,500 points thanks to bank stocks after Democratic nominee Kamala Harris concedes the election. In Germany the fragile governing ‘traffic light’ coalition collapses as Chancellor Olaf Scholz fires Finance Minister Christian Lindner over major economic policy disagreements. The move paves the way for a January confidence vote and a likely snap election in March. The race for the U.S. House of Representatives’ majority remains finely poised. The GOP are just nine seats short of a clean sweep of Congressional power. And investors await rate decisions from the Fed, BoE, Riksbank and Norges Bank all due later today. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 5, 2024

Donald Trump and Kamala Harris make their final pitches to the U.S. electorate with rallies in the key battleground states of North Carolina, Pennsylvania and Michigan. Wall Street braces itself with global stocks flat while yields slip and the greenback wavers ahead of today’s poll. Boeing workers end their seven-week strike after accepting an improved pay deal. In energy news, Saudi Aramco sees a 15 per cent dip in the third quarter due to weak prices and decreased refining markets. The oil giant does, however, still top expectations and maintains its $31bn dividend. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 4, 2024

The dollar dips with futures relatively flat as a surprise poll puts Kamala Harris ahead in the Republican-leading state of Iowa. National polling still places both candidates neck-and-neck. Berkshire Hathaway continues to dial down its stakes in Apple and BofA, boosting its cash pile to $325bn. The German ruling coalition is in disarray after finance minister Christian Lindner’s economic manifesto causes major rifts with coalition partners, prompting Chancellor Olaf Scholz to summon talks late last night. Oil surges on the news that Opec+ nations agree to delay output hikes by a month. We hear from TotalEnergies CEO Patrick Pouyanné who says industry margins are under pressure. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Nov 1, 2024

Apple shares dip following cautious guidance ahead of Christmas. The company also reveals little about demand for its new iPhone 16. Amazon posts a beat on quarterly earnings causing shares to pop in extended trade. The e-commerce giant’s CEO Andy Jassy pledges to significantly ramp up spending on the company’s A.I. technologies. On Wall Street the S&P 500 and the Nasdaq suffer their worst day in more than a month following disappointing Big Tech results. And in the UK, the gilt sell-off increases and sterling endures a volatile session as investors fear Chancellor Rachel Reeves’ budget could force inflation back up while piling up debt. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 31, 2024

Microsoft enjoys an A.I. boom but there are concerns over capex and a slowing cloud division which pulls the share price lower in extended trade. Meta posts a top and bottom line beat but shares also fall in after-hours trade as investors remain anxious over greater A.I. infrastructure expenditure at the social media giant. BNP Paribas notches a near-six per cent quarterly rise in net income and confirms its forecast. CFO Lars Machenil tells CNBC he remains bullish about the trend. There’s a surprise expansion in Chinese manufacturing activity in October as recent stimulus measures help to end five consecutive months of contraction. And in the UK, investors digest the first Labour budget in 15 years following one of the largest increases in taxation, spending and borrowing on record. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 30, 2024

UBS posts $1.4bn in Q3 net profit as the lender accelerated the integration of former rival Credit Suisse. Standard Chartered almost doubles its quarterly pre-tax profit which prompts the London-based bank to hike guidance and pledges to lift its dividend payout. Meanwhile in the U.S., Alphabet’s cloud arm delivers stellar results which help push the company’s annual revenues up by 15 per cent in the third quarter, this despite a slowdown in its search and YouTube services. In the UK, gilt yields hit a post-election high ahead of Labour’s much anticipated first budget in 15 years. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 29, 2024

Novartis posts Q3 earnings with 10 per cent sales growth and 20 per cent core income growth. The drug maker has also hiked its FY guidance. HSBC sees Q3 profits jump by 10 per cent. The lender has also launched a $3bn buyback scheme on the back of slower-than-expected rate cuts. Wall Street begins the week in the green ahead of key inflation data and earnings from the tech sector. In autos news, Volkswagen is warning of unprecedented plant closures and mass lay-offs as the German giant struggles against Chinese rivals and poor demand for EVs. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 28, 2024

The ruling LDP in Japan loses its parliamentary majority in its worst defeat more than a decade. The yen slumps to a three-month low as a result. We hear from German finance minister Christian Lindner at the IMF annual meeting in Washington who says Europe must be prepared for a second Trump administration. Moody’s cuts its forecast for France to negative for worse-than-expected fiscal deterioration. The credit ratings agency also cast doubt over the current government’s ability to tackle wider deficits. And in the U.S., campaigning enters its final full week with both candidates targeting purple swing states. In energy news, Brent and WTI are both sharply down after IDF airstrikes avoided key Iranian oil installations. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 25, 2024

Tesla shares rocket by 21.9 percent – the company’s largest one-day gain in more than a decade – as U.S. markets hope to avoid their first negative week in six. The IMF warns that the growth gap between the EU and U.S. will only widen further. We hear from ECB board member and governor of the National Bank of Belgium, Pierre Wunsch, who says he would consider a 50 basis point rate cut should data move in the wrong direction. Japanese voters head to the polls this weekend with the ruling LDP facing the prospect of a heavy defeat and the first possible loss of parliamentary majority since 2012. And in the U.S. a court blocks a merger between Coach owner Tapestry and the owner of Michael Kors, Capri Holdings. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 24, 2024

Tesla share surge in extended trade after the EV maker posted a better-than-expected earnings beat in Q3. CEO Elon Musk says the company’s sales targets of 20-30 per cent are achievable next year. The U.S. Treasury yield hits a three-month high and the dollar rallies as jitters over fiscal spending and the U.S. election surface. IMF First Deputy MD Gita Gopinath tells CNBC the macro environment is beginning to stabilise. South Korean semi-conductor supplier SK Hynix notches a record quarterly profit and shrugs off fears of an A.I. supply glut. French luxury giant Kering slashes its FY operating profit outlook by half after sales at Gucci continue to slump. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 23, 2024

The IMF hikes its U.S. forecast for 2024 but Germany weighs on the European outlook. The IMF’s Director of the Monetary and Capital Markets department, Tobias Adrian tells CNBC there are reasons for optimism. The S&P 500 suffers its first back-to-back session loss since September as investor attention turns to the dollar. Markets are now increasingly pricing in the outcome of a Trump victory in the U.S. election next month. Speaking to CNBC, IIF CEO Tim Adams believes the fight against inflation could be compromised as a result. French cosmetics giant L’Oréal misses Q3 sales targets as consumer demand in China wanes but the company pins its hopes on the market and on further stimulus from Beijing. Asian markets warmly welcome new listings Tokyo Metro – Japan’s largest in 6 years, while China Resources Beverages also gains on its debut in Hong Kong. And in banking news, Deutsche Bank notches a €2.3bn Q3 profit beat, thanks partly to the release of Postbank-related litigation provisions. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 22, 2024

A late rally from Big Tech stocks pushes the Nasdaq to the brink of a fresh record high as earnings season begins in earnest. German computing giant SAP hikes its FY guidance following a top and bottom-line Q3 beat on the back of strong cloud revenues. Maersk raises its FY outlook for the fourth time this year. In autos news, monthly new car sales decline as demand for plug-in hybrid wanes, dropping more than 20 per cent across all major markets. Hyundai Motor India stock plunges 5 per cent as the retail sector response to the Bombay Sensex listing – the country’s largest ever IPO - is muted. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 21, 2024

The PBOC cuts its benchmark lending rate to provide more support for the economy. The Shenzhen Composite moves higher as a result. In the U.S., Wall Street posts its longest streak of weekly gains so far this year on the back of lower rates and earnings optimism. Fitch confirms Italy’s credit rating and boosts its outlook to ‘positive’ in a sign the euro zone’s third largest economy is on the right track. And overnight in Lebanon, Israel targets Hezbollah-linked banks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 18, 2024

Asian markets remain sanguine on China’s slowest GDP growth in more than a year as the PBOC’s raft of stimulus measures kick in. Bridgewater Associates founder Ray Dalio tells our colleagues in Singapore that the central bank’s support needs to be more focused. We hear from IMF managing director Kristalina Georgieva who says that while governments need to head off high levels of debt, she is optimistic about reining in inflation. The ECB delivers a back-to-back rate cut for the first time in 13 years. The move is due to weak economic data and slow progress in tackling inflation within the euro zone with ECB president Christine Lagarde indicating more cuts will be needed. Netflix posts its most successful quarter ever, beating expectations and adding 5 million new customers. In Gaza, Israeli troops kill Hamas leader and the October 7th attacks mastermind Yahya Sinwar. Prime Minister Benjamin Netanyahu has hailed his death as ‘the beginning of the end’ for the conflict. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 17, 2024

Chinese developer stocks sink despite the housing ministry briefing outlining further measures to help prop up the troubled property sector. We are live in Brdo, Slovenia where the ECB’s governing council is holding its annual external meeting ahead of its widely expected second consecutive rate cut later today. Stateside the Dow hits a fresh record high thanks to Morgan Stanley reporting quarterly beats on both the top and bottom lines. CEO Ted Pick tells our U.S. colleagues that he no longer expects a slew of companies to come to market. Swiss robotics company ABB hikes its margin guidance despite failing to hit Q3 profit and revenue forecasts See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 16, 2024

Dutch chip maker ASML suffers its worst sell-off since 1998 after it slashed its sales outlook in an earnings release it published accidentally. Chip stocks see heavy losses globally as a result. French luxury giant LVMH posts its first quarterly loss since the Covid pandemic, missing expectations with the group warning Chinese consumer confidence has hit an all-time low. Adidas increases its FY outlook for the third time this year as bumper sales of its retro sneaker models helped it to a Q3 earnings beat. In China, equities endure choppy trade as the housing ministry announces it will give another public update briefing on the country’s beleaguered property sector tomorrow. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 15, 2024

Crude prices tumble following reports that Israel will back off targeting Iranian oil or nuclear infrastructure. Opec has also slashed its demand forecast. On Wall Street, the S&P 500 records its 46th record close of 2024, helped along by tech giant Nvidia hitting a new all-time high which places it on the verge of overtaking Apple as the world’s most valuable company. We are live at the Paris Motor Show where European car makers pledge to take on Chinese competition. Xpeng CEO Brian Gu tells CNBC the company is looking beyond European Union EV import tariffs. In London, UK Prime Minister Keir Starmer vows to cut red tape to ramp up investment in the country. BNY CEO Robin Vince tells this channel a steady, pro-growth and consistent approach is key for investors. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 14, 2024

Chinese consumer inflation disappoints for September while deflation deepens in the manufacturing sector. Chinese markets see a volatile session following Saturday’s finance ministry press conference. Finance minister Lan Fo’an says there is ample room for more stimulus measures but stopped short of giving specific details. In the U.S., JPMorgan beats quarterly earnings expectations while Wells Fargo also posts a solid beat on the bottom line. The UK attempts to diffuse a row over investment in the country with DP World on the eve of a international summit on London as the government announces a reported £50bn round of new investments. We are also live at the Paris Motor Show where the beleaguered European sector is reeling from profit warnings, falling demand and pressure from Chinese automakers. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 11, 2024

U.S. inflation data comes in higher than expected with the 10-year Treasury yield held above 4 per cent. Atlanta Fed President Raphael Bostic has proposed a pause in the cutting cycle at next month’s Fed meeting. Tesla CEO Elon Musk unveils the company’s long-awaited ‘Cybercab’ with a prospective production date in 2026 but early market indications are potentially sceptical. In China, there is further trouble for the markets with the Shenzhen Composite tumbling by more than 15 per cent for the week ahead of tomorrow’s finance ministry press conference. And the new French government launches its 2025 budget, which includes €60bn of tax hikes and spending cuts, in a bid to slash the country’s ballooning deficit. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 10, 2024

FOMC minutes show greater splits over last month’s jumbo 50bps rate cut than initially thought but sanguine U.S. equities shrug off news about September’s Fed decision. In Asia, Chinese stocks extend gains amid heavy trading volumes as the PBOC’s 500bn yuan stimulus measures come into effect. Germany downgrades its growth forecasts, now guiding for a second year of recession. Economy Minister Robert Habeck claims the government is seeing progress in tackling both the country’s structural problems and global challenges. Airbus deliveries are down 9 per cent in September but the plane maker believes it will achieve FY targets in the final quarter. And in the U.S., up to 2 million people are without power after Hurricane Milton smashes into Florida’s central Gulf Coast and barrels inland, now downgraded to a Cat 2 storm. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 9, 2024

Chinese equities come crashing back to Earth, snapping a 10-day winning streak following the PBOC’s recent stimulus measures as economic realities sober up markets. Stateside, the DoJ is considering a break-up of Google following August’s landmark monopoly ruling. French Prime Minister Michel Barnier’s fledgling government survives a parliamentary vote of no-confidence as he prepares to launch his budget plans to cabinet tomorrow. And in Florida, Hurricane Milton has once again been upgraded to a Category 5 storm with authorities urging Gulf Coast residents to leave the region. President Biden has warned evacuation is now a matter of life and death. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 8, 2024

The Chinese blue-chip CSI 300 Index pares gains of more than 10 per cent following the week-long National Day Holiday. An official CCP economic conference subsequently fails to wow investors. The World Bank issues a 4.3 per cent growth forecast for the world’s second-largest economy as turmoil in the Chinese property market persists. Tech giant Samsung issues a rare apology for offering Q3 profit guidance which was well below analyst expectations. The chip maker said it had struggled against higher supply from rival Chinese companies. We are live at Hon Hai Tech Day in Taipei, Taiwan where Foxconn chairman Young Liu tells CNBC that the A.I. investment boom is still very much in the process of evolving. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 7, 2024

The Hang Seng stands out among strong Asia equities, hitting a two-and-a-half-year high following Friday’s bumper U.S. jobs data. Confidence is growing that the U.S. is set for a soft landing. Crude prices have enjoyed their best weekly gains in almost two years on the back of last week’s Middle East tensions. Supply disruptions are in focus on the one-year anniversary of the Israel-Hamas conflict. Taiwanese semi-conductor giant FoxConn notches record Q3 revenue after seeing a 20 per cent demand surge for A.I. servers. Miner Rio Tinto eyes lithium producer Arcadium as it looks to grow the metal’s lucrative long-term revenue stream. And in gaming news, France’s Ubisoft sees shares soar by more than 30 per cent amid reports of potential buyout talks by Chinese tech giant Tencent. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 4, 2024

Crude prices spike once again as U.S. President Joe Biden appears to say that Israeli retaliatory strikes on Iranian oil facilities may be under discussion. Wall Street looks set to snap a three-week winning streak with investors eyeing today’s key non-farm payroll data. OpenAI reveals it has secured a $4bn revolving credit line following the closure of yesterday’s funding round which leaves the company valued at more than $150bn. CFO Sarah Friar tells our colleagues Stateside that financing the A.I. revolution will need significant investment. The U.S. ports strike has been suspended as dockworkers return to the negotiating table after reaching a potential pay deal. And in retail news, the Chinese fast-fashion brand Shein is reportedly to hold ‘roadshows’ ahead of a potential IPO in London. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 3, 2024

Crude prices continue upwards as Israel ramps up strikes on Hezbollah in Beirut and considers retaliatory measures following Iran’s missile attack on Tuesday. OpenAI manages to raise $6.6bn in a new round of fund-raising which has increased its valuation to $157bn. The U.S. private sector continues to surprise with non-farm payroll growth topping expectations as traders reduce their rate cut expectations ahead of tomorrow’s employment data print. The yen slides further against the greenback after its largest single-day fall in more than 2 years. New Prime Minister Shigeru Ishiba believes that the country is not ready for further rate hikes which has lifted Japanese equities. And in autos news, Tesla posts its first quarter of annual growth this year but falls short on delivery expectations. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 2, 2024

Crude prices spike after Iran launches close to 200 missiles at Israel in retaliation for the killing of Hezbollah Hassan Nasrallah. In New York, Vice-Presidential candidates JD Vance and Tim Walz go head-to-head in what is likely the last debate of the presidential race. The pair clashed on immigration, foreign affairs and economic policy. The Nasdaq drags Wall Street down with stocks beginning Q4 in the red. JOLTs numbers show an unexpected rise in August jobs openings. In Asia, the Hang Seng returns from a one-day holiday in the green. Beijing’s recent stimulus measures push property stocks almost 15 per cent higher. And in retail news, Nike withdraws its FY forecast and postpones its investor day, causing its shares to tank almost 6 per cent in extended trade. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Oct 1, 2024

The Dow and the S&P 500 notch new records while the Nasdaq enjoys its fourth consecutive quarter in the green. Federal Reserve Chairman Jerome Powell says the central bank does not have pre-set projections for rate cuts. In Japan, equities recover some ground ahead of new Prime Minister Shigeru Ishiba unveiling his new cabinet. Stateside, up to 50,000 longshoremen begin their first strike in almost half a decade across a number of East Coast and Gulf of Mexico ports in a move that some analysts estimate will cost the American economy up to $5bn a day. Israeli special forces begin targeted ground operations in southern Lebanon aimed at destroying Hezbollah positions and infrastructure. ECB President Christine Lagarde says she is broadly in favour of cross-border banking mergers as Unicredit continues to woo German lender Commerzbank. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 30, 2024

Chinese equities surge, building on their best week since 2008, after manufacturing data comes in better than expected, despite the sector shrinking for the fifth straight month. Japanese stocks plummet, however, and yields move higher on a stronger yen as the markets digest the impact of incoming Prime Minister Shigeru Ishiba. In auto news, Volkswagen issues a second profit warning in 3 months as it continues talks with unions over potential plant closures. UniCredit CEO Andrea Orcel and incoming Commerzbank CEO Bettina Orlopp have reportedly set out plans for the German lender in a virtual meeting as speculation of a potential takeover bid persists. Israel kills Hezbollah leader Hassan Nasrallah in an airstrike on a south Beirut suburb. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 27, 2024

The PBOC’s rate cuts come into effect with trillions of yuan worth of further stimulus measures potentially due next week. Beijing’s stimulus blitz causes Chinese equities to soar with markets on track to notching their best week since 2008. Commerzbank and Unicredit sit down for negotiations for the first time since the Italian lender aggressively increased its stake. Commerzbank shares are at their highest level in more than a decade on the back of upgraded targets. We are live in Tokyo where voting is underway to decide the next leader of the ruling LDP party. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 26, 2024

Micron shares are up after the memory chip maker smashes Q1 revenue forecasts. Its bumper outlook pushes tech stocks up in Asia, helping along a regional rebound. Spanish lender BBVA’s head says European banks risk falling behind their U.S. peers if governments block M&A activity. We speak to the BNP Paribas CFO Lars Machenil who urges consolidation among Continental banks. We also hear from OECD chief economist Alvaro Pereira who says that the global economy is showing signs of stabilising but that governments should remain focused on fiscal discipline. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 25, 2024

Commerzbank promotes CFO Bettina Orlopp to CEO as the German lender faces takeover advances by Italy’s Unicredit. Chinese equities see an extended rally following the PBOC’s decision to slash the medium-term lending rate as a part of a string of stimulus measures by the central bank. The move boosts the yuan to a 16-month high. On Wall Street, the Dow and S&P 500 record new record highs, shrugging off disappointing recent consumer confidence data. Israeli airstrikes kill a senior Hezbollah commander as well as hundreds of civilians. The Israeli President Isaac Herzog tells CNBC his country will ‘do whatever it takes’ to protect its citizens and cities. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 24, 2024

Asian equities hit a two-and-a-half-year high following stimulus measures from Beijing. The PBOC cuts the seven-day reverse repo and the RRR in a bid to shore of up the country’s floundering property sector. Our CNBC TV 18 colleagues sit down with JP Morgan Chase CEO Jamie Dimon who says markets should remain cautious despite last week’s historical rate cut by the Fed. On Wall Street, the Dow and the S&P 500 notch new records as the Fed cut relief rally continues this week. German Chancellor Olaf Scholz slams Unicredit after the Italian lender increases its stake in Commerzbank to a potential 21 per cent. And we are live at the Labour Party conference in Liverpool where chancellor of the exchequer Rachel Reeves defends the government’s public finance decisions and says her budget next month will provide ambition rather than austerity. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 23, 2024

China surprises by slashing its key short-term repo rate and announcing a rare economic press conference which triggers speculation of further stimulus measures from Beijing. In France a new government drawn together by Prime Minister Michel Barnier is under threat from a vote of no confidence over his ministerial choices. Apollo Global Management is reportedly eyeing a $5bn investment in Intel while Qualcomm reaches out with a friendly take-over bid. And Rupert Murdoch’s REA Group ups its takeover offer for UK property firm Rightmove following last week’s initial rejection. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 20, 2024

Wall Street notches its best day in six weeks with tech stocks leading the way as the markets celebrate this week’s 50bps Fed rate cut. In China the PBOC bucks expectations of a further rate cut and the BoJ stays put as well while hiking its forecast on domestic consumption. Mercedes slashes its profit outlook once again as Chinese sales fall. And in France, new prime minister Michel Barnier puts the finishing touches on his cabinet in a bid to end months of political deadlock following inconclusive elections in July. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 19, 2024

The Federal Reserve announces its eagerly awaited first rate cut of 50 basis points since the outset of the Covid pandemic with policy makers predicting one further cut this year. The market reaction was mixed with Wall Street closing lower, despite the Dow and S&P 500 initially scaling fresh all-time highs. Equities in Asia saw strong gains following the news from the Fed. Our colleagues in Asia speak to Bridgewater Capital’s Ray Dalio who warns that soaring debt levels Stateside will still prove challenging for the central bank. We are live in Brittany, north-west France, where Spanish green energy giant Iberdrola opens a €2.4bn offshore wind farm. Chairman Ignacio Galan tells CNBC grid expansion is crucial. Investors await today’s Bank of England rate decision with a potential expansion of quantitative tightening expected. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 18, 2024

In anticipation of the Fed’s milestone meeting, the S&P 500 hits a new record with retail data indicating the U.S. consumer and economy are more resilient than expected. DoubleLine Capital chief Jeffrey Gundlach tells CNBC’s Scott Wapner at the Future Proof wealth management festival he is calling for a 50bps cut. Hezbollah points the finger at Israel after thousands of its pagers explode across Lebanon simultaneously, killing at least 9 and maiming more than 2,700. In pharma news, U.S. authorities expand approval of a Novartis breast cancer drug which would open access to patients at the earlier stages of the disease. Commerzbank is reportedly considering replacing CEO Manfred Knof with a new chief with a mandate to rebuff a Unicredit takeover. And in the UK, investors are increasing bets the Bank of England will cut rates this week, strengthening sterling. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 17, 2024

The greenback falls and the Dow hits a record high with investors increasingly betting on a 50bps interest rate cut from the Fed later this week. In Japan, the Nikkei is in the red as the yen strengthens past ¥140 /USD, while a CNBC survey shows a split over the timing of the BoJ’s next rate hike. Struggling chip maker Intel sees shares soar in after-hours trading following its announcement about cutting costs and reining in spending. Meanwhile, Microsoft props up its shares by boosting its dividend and launching a $60bn buyback scheme as it reaps the benefits of its early push into AI. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 16, 2024

Chinese data indicates a slowdown in industrial activity and property prices with pressure now increasing on Beijing authorities to increase spending and stimulate demand. The S&P 500 and Nasdaq notch their best week so far this year with bets rising that the Federal Reserve could slash rates by 50bps later this week. We speak to RBI governor Shaktikanta Das who says India can maintain its economic growth of 8 per cent but inflation and rates concern still linger. GOP presidential candidate Donald Trump is safe after what the FBI has described as an attempt on his life at his Mar-A-Lago golf course. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 13, 2024

The S&P 500 sees a 4-day win streak after wholesale prices come out in line with expectations, shaking off a tough start to September. No surprise as the ECB delivers its second rate reduction this year, but flags slowing growth as trades pare back bets on an October cut. Donald Trump rules out the possibility of another presidential debate, as the Harris campaign says it has raised almost $50 million in the 24 hours since Tuesday night’s face-off. Boeing workers decide to go on strike for the first time since 2008, as 96% of employees vote to walk out. A state-backed UAE firm reportedly enters talks to invest in OpenAI, as the ChatGPT maker unveils new models it says are capable for more human-like reasoning. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 12, 2024

Asian chipmakers climb higher following a tech-led rebound on Wall Street, as Nvidia CEO Jensen Huang attempts to reassure investors over its delayed Blackwell chip production. U.S. inflation falls in August while core CPI surprises to the upside, with Goldman Sachs CEO David Solomon telling CNBC exclusively that he still believes in a soft-landing. OpenAi is reportedly in talks over a fresh fundraising round, which would see the Chat GPT maker valued at $150 billion. Over in Europe, the ECB lines up its second rate cut of the cycle as markets bet on another 25 basis point move lower, with UBS CEO Sergio Ermotti reinforcing that view in an exclusive interview with CNBC. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 11, 2024

Kamala Harris and Donald Trump face off in the first and possibly last presidential debate, clashing over immigration, abortion, and the economy. Big bank shares take a bruising after JP Morgan claims its earnings expectations are too optimistic, with CEO Jamie Dimon warning of stagflation risks. Today’s U.S. inflation print has investors searching for clues on the Fed’s next move, with Bank of America CEO Brian Moynihan telling CNBC that the rate environment will remain restrictive. Auto shares slump as BMW and Continental stocks hit 2-year lows, while Volkswagen prepares for possible job cuts next year. Amazon Web Services announces an £8 billion investment in the UK, the latest in a string of recent expansion moves to Europe. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 10, 2024

Apple’s new iPhone 16 launch fails to send stocks higher, as investors and customers must wait for full AI features. Meanwhile, rival Huawei secures more than 3 million pre-orders for its new tri-fold phone. U.S. equities rebound from its worst week of the year, as soft-landing hopes boosts the S&P 500 to its biggest daily jump in three weeks. Also in China, export data exceeds forecasts, while imports declined near the flatline amid low domestic demand. In the U.S., Kamala Harris and Donald Trump get ready to face off in their first presidential debate, as polls show a neck-to-neck Presidential race. Global dividends hit a fresh record in the second quarter, as more firms are either raising payouts or maintaining them, according to Janus Henderson. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 9, 2024

The S&P 500 posts its worst week since 2023, as traders reprice their Fed cut predictions following a mixed jobs report. Dutch far-right politician Geert Wilders tells CNBC that “Europe is a monster”, as his party tries to navigate its future relationship with the EU. Asian equities reel from soft landing jitters as Chinese consumer inflation numbers come weaker than expected. In France, more than a hundred thousand people take to the street to protest the appointment of Prime Minister Michel Barnier, while Paris asks the EU for more time to confirm its debt plans. And in tech, Apple is set to unveil its newest iPhone, betting on Ai to drive demand and fight off competition from China, as Huawei plans its own launch later today. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 6, 2024

U.S. employment data sends mixed signals as global equities tread water ahead of a crucial nonfarm jobs report. Markets are split between a 25 and 50 basis point cut at the Fed’s next meeting - Nobel Laureate Joseph Stiglitz tells CNBC that he is voting bigger. OPEC-plus producers delay plans to ramp up oil production by at least two months, as crude prices slump to their lowest level this year. Elsewhere, President Macron appoints veteran conservative Michel Barnier as France’s new Prime Minister after a nearly 60-day stalemate. Volvo CEO Jim Rowan tells CNBC that the EV transition is taking longer than expected, as the carmaker scraps plans to go fully electric by 2030. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 5, 2024

The S&P 500 notches back-to-back sessions in the red while mega-cap tech stocks claw back recent losses in what has been a volatile start to September on Wall Street. Qualcomm launches a new AI PC processor, challenging Intel and AMD. CEO Cristiano Amon tells CNBC the X Elite series is a threat to incumbents in the sector. Iconic UK fashion house Burberry is relegated out of the FTSE 100 after 15 years on the exchange. Daimler Truck promotes Karin Rådström to CEO, replacing Martin Daum at the helm from October. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 4, 2024

Chip giant Nvidia sees shares tumble by almost 10 per cent, wiping out close to $300bn of its market cap – the largest single-day fall in value of any American company on record. As a result, Wall Street notches its worst day since the tech rout seen in early August. The sell-off spreads across to Asia where Japan’s Nikkei leads losses. Semi-conductor firms TSMC, SoftBank, Samsung and SK Hynix are all in the red. In the U.S. factory activity contracts as the ISM comes in at 47.2. We hear from former Cleveland Federal Reserve President Loretta Mester who says the markets need to examine the rate projections beyond the September Fed meeting. BofA joins an ever-expanding list of American banks which doubt China’s 5 per cent GDP growth target. The private Caixin survey shows a slowdown in services growth. And in oil news, crude prices extend losses after falling more than 4 per cent yesterday with investors banking on greater supplies coming out of Libya. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 3, 2024

Volkswagen is considering factory closures and job cuts throughout Germany for the first time ever in the face of fierce competition from Asian rivals. Brazil’s supreme court backs a ban on social media platform X and the country’s telecoms regulator considers sanctions against Elon Musk’s satellite internet provider Starlink as a row over free speech deepens. President Joe Biden has accused Israeli Prime Minister Benjamin Netanyahu of inadequate efforts to secure a ceasefire with Hamas while the UK suspends certain arms exports to the country. And in France, the political crisis nears its second month after President Macron fails to pick a new prime minister ahead of a key budget deadline. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Sep 2, 2024

We are live in Dresden, Germany where the AfD has claimed victory in the state of Thuringia and placed a close second behind the CDU in Saxony. Chinese manufacturing data shows the steepest decline in factory growth in six months, pushing Chinese equities into the red. In Israel, tens of thousands take to the streets to protest the lack of a ceasefire deal in Gaza, following the murder of six Israeli hostages in the territory. Brazil’s supreme court orders social media platform X to be shut down as CEO Elon Musk refuses to comply with the country’s censorship regulation. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 30, 2024

Disappointment over Nvidia’s profits slashes the chip titan’s market cap by more than $200bn but the Dow continues in the green to post its 25th record session of the year. U.S. GDP and jobless numbers come in better than expected to ease market jitters and help reinforce hopes of a rate cut next month. U.S. Vice President Kamala Harris gives her first interview since securing the Democratic Party nomination to CNN. And in tech news, Apple and Nvidia are reportedly ready to fund OpenAI which would value the ChatGPT maker at more than $100bn. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 29, 2024

Nvidia shares fall in extended trade despite the A.I. chip giant posting a quarterly beat. Other Wall Street and Asian chip makers have been affected after hours but Nvidia CEO Jensen Huang remains bullish. CNBC learns that artificial intelligence start-up in talks for a new round of funding that could see it valued at more than $100bn. And Warren Buffet’s Berkshire Hathaway becomes the first company outside the tech sector to be valued at $1tn. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 28, 2024

The Dow notches its 24th record high so far this year with Wall Street in the green ahead of highly anticipated earnings from chip titan Nvidia later today. Bio-solutions company Novonesis hikes its FY guidance following a 10 per cent sales increase in the second quarter. GOP presidential candidate Donald Trump faces a fresh indictment from the Special Counsel over attempts to overturn the 2020 election result. And in tech news, Super Micro Computer sees its shares plunge following allegations by Hindenburg Research the server maker had manipulated its accounts. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 27, 2024

The Dow hits a fresh record high, splitting from the Nasdaq and S&P 500 which both plunge into the red on weakness in chip production. CNBC hears from former Dallas Fed President Robert Kaplan who says he is expecting a 25 basis point cut from the central bank. Industrial profits in China grow at the fastest pace in 5 months, driven by the high-tech manufacturing sectors. Miner BHP beats earnings expectations and says it will be doubling down on its copper-related projects following its failed bid for rival Anglo American. CEO Mike Henry tells CNBC that Beijing’s support could also benefit steel for the company. In France, President Emmanuel Macron rejects working with the left-wing NFP alliance choice for PM. And in entertainment news, Paramount is set to be snapped up by Skydance after media tycoon Edgar Bronfman Jr. drops his bid to buy the company. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 26, 2024

Rate easing optimism pushes Wall Street to its second week in the green as Fed Chair Jerome Powell sets the scene for a September cut, with traders still pondering the possibility of a potential 50 basis point move. However Bank of England Governor Andrew Bailey and ECB Chief Economist Philip Lane are more cautious on the outlook. U.S. Vice President Kamala Harris’ presidential campaign says it has raised $540 million in little more than a month, as Republican vice-presidential candidate JD Vance endorses trade tariffs. In the Middle East, Israel declares a 48-hour state of emergency as fears grow of escalation between it and Hezbollah - in the biggest round of strikes between the two since 2006. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 23, 2024

In the U.S. Kamala Harris officially accepts the Democratic presidential nomination at the DNC in Chicago. She took aim at ‘unserious’ Republican rival Donald Trump during her historical address. U.S. Treasury yields are up and equities in the red as investors await Fed Chair Jerome Powell’s big Jackson Hole speech this afternoon with policy makers considering a rate cut in September. Meanwhile in Japan, inflation moves higher as BoJ governor Kazuo Ueda signals rates will be raised again should data stay on track. And Nestlé CEO Mark Schneider steps down from the helm of the world’s largest food and beverage producer following poor recent performance. The company is due to install insider Lauren Freixe as soon as next month. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 22, 2024

Dovish FOMC minutes and a shock revision to the jobless numbers reinforce expectations that the Federal Reserve will slash rates next month. The S&P 500 bounces back to record its highest level in 5 weeks ahead of Fed Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Symposium tomorrow. Retail giant Target’s shares are 11 per cent higher after the company beat expectations as U.S. consumers continue to experience price pressures. Minnesota governor Tim Walz officially accepts the Democrat nomination for vice-president on the third day of the DNC in Chicago. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 21, 2024

The S&P 500 and Nasdaq both break an eight-day winning streak with the recent recovery stalling ahead of Fed Chair Jerome Powell’s widely anticipated speech at the Jackson Hole Symposium later this week. In Chicago, the DNC officially votes on the the presidential nomination of Kamala Harris and her running mate Tim Walz with former president Barack Obama endorsing the current vice-president. The EU adjusts its planned tariffs on Chinese EVs with Tesla catching the biggest break – now facing duties of only 9 per cent compared to the anticipated 20.8 per cent. In Germany, Taiwanese chip maker TSMC breaks ground on its first plant in Europe. Meanwhile shares in Chinese e-retail giant JD.Com plunge following Walmart’s confirmation it will sell its stake in the company. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 20, 2024

The Democratic National Convention opens in Chicago with an emotional President Joe Biden speaking of leadership and legacy and urging support for the party’s presidential nominee, Kamala Harris. The S&P 500 notches a rare eighth consecutive day in the green with the momentum edging Wall Street towards new record highs. A new labour report reveals cracks ahead of Fed Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Symposium later this week. However, Goldman Sachs’ chief economist Jan Hatzius believes slowdown fears in the U.S. are exaggerated. And in the Middle East, U.S. Secretary of State Antony Blinken says Israel has accepted a ‘bridging proposal’ in ceasefire talks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 19, 2024

Wall Street enjoys its best week since winter 2023 and European equities also notch their best week in 3 months. Goldman Sachs pares back its odd of a U.S. recession to just 20 per cent after a run of positive data ahead of the Fed’s annual economic summit in Jackson Hole, Wyoming later this week. U.S. Vice-President Kamal Harris presents her economic policies to voters in the wake of criticism of her plans to ban price-gouging nationally. U.S. Secretary of State Antony Blinken flies into Tel Aviv as Washington renews efforts to broker a ceasefire agreement between Israel and Hamas. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 16, 2024

The S&P 500 manages to claw back all its losses this month thanks to positive U.S. consumer and jobless data which calms investors about the health of the country’s economy. Japan’s Nikkei follows suit to record its best trading week in four years. Alibaba shares are up despite the e-commerce giant missing Q2 expectations while quarterly profits at JD.Com almost double. And the WHO declares a global public health emergency over the Mpox virus – the second time in two years. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 15, 2024

The S&P 500 enjoys a fifth consecutive day coming in higher on the back of U.S. CPI dipping to below 3 per cent for the first time since 2021. Investors Michael Burry and David Tepper move towards Chinese tech as several top hedge funds move away from Magnificent Seven stocks. Japanese Q2 GDP beats expectations, growing more than 3 per cent and nudging the Nikkei higher. This sets up the BoJ for another rate hike. Meanwhile, Chinese manufacturing numbers come in soft, prompting calls for more stimulus measures from Beijing. Retail sales, however, came in positive. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 14, 2024

Swiss banking giant UBS posts a second-quarter beat on both the top and bottom line with a net profit of $1.1bn. The lender’s global wealth management arm also notched $27bn of net new assets. Japanese PM Fumio Kishida has stepped down and will not contest next month’s election. U.S. stocks rally after softer-than-expected PPI numbers raise hopes the Fed will cut by 50 basis points next month. The U.S. CPI print will be released later today. And in tech news, the DoJ is reportedly seeking to break up Google after a court judges that the company has an illegal online search monopoly. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 13, 2024

Japanese stocks are up 3 per cent after the public holiday weekend as a less volatile yen helps to allay market jitters. GOP presidential nominee Donald Trump sits down with X owner Elon Musk for a wide-ranging conversation on the social media platform with topics such as immigration and the economy in focus. In energy news, crude prices fall back following a 4 per cent surge as tensions in the Middle East ramp up. Israel has put its military on high alert following threats from Iran. And Danish jewellery maker Pandora shrugs off weakness throughout the luxury sector to hike its growth guidance for the second time this year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 12, 2024

U.S. stocks fall just short of a complete recovery following what was the most volatile trading week of the year so far. Asian markets start the news week in the green. Ukrainian president Volodomyr Zelenskyy has for the first confirmed his country’s incursion into Russia’s Kursk region. The advance is the largest into Russia since the start of the war. New polling from the NYT shows Democratic presidential nominee Kamala Harris pulling ahead of GOP rival Donald Trump in 3 key swing states. Harris, however, says she is not eyeing the polls. As the Paris Olympics draw to a close, French president Emmanuel Macron tells our NBC colleagues politicians would do well to take inspiration from Olympic athletes. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 9, 2024

Better-than-expected jobless data boosts the S&P 500 to its best session in almost 2 years, allaying recent recession fears. However, Asian equities falter late in the session with markets failing to claw back ground lost during Monday’s historic sell-off. July’s consumer prices in China come in hotter than anticipated, helping to push Beijing authorities to prop up spending. And Republican presidential nominee Donald Trump has said he should have sway within the Fed if re-elected. He has also agreed to debate Democrat nominee Kamala Harris in September. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 8, 2024

Siemens net income surges by almost 50 per cent in Q3 and the firm confirms its FY guidance despite some orders slowing. Japan’s Nikkei 225 pares losses as Wall Street ends back in the red. JPMorgan estimates the U.S. economy has a 1 in 3 chance of falling into recession this year but CEO Jamie Dimon tells our colleagues Stateside things remain OK – for now. We hear from Infineon CEO Jochen Hanebeck who tells CNBC that the race for building the next generation of A.I. data centres is now on as the German chip giant opens a new facility in north-west Malaysia. And in media news, Warner Bros. Discovery shares slide in extended trade off the back of a $9bn write-down. Disney feels similar weakness despite the firm’s combined streaming profit coming into the black for the first time. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 7, 2024

Wall Street is back in the green after a three-day losing streak and the rebound continues across Asia as the BoJ’s deputy governor waters down talk of any further rate hikes in the near future. Democratic presidential nominee Kamala Harris selects Minnesota governor Tim Walz as her running mate in a bid to secure support in crucial Rust Belt states. In China, exports unexpectedly fell to a three-month low however imports were up, growing at their fastest pace since April. We are live in Copenhagen where Europe’s largest company, Novo Nordisk will report earnings. Analysts predict a further increase in guidance from the Danish pharma giant. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 6, 2024

Japanese stocks bounce back with the Nikkei on track for its best session since 2008. U.S. futures are also set to gain following a near-wipeout on Wall Street after the Dow fell by 1,000 points. Kamala Harris is officially named the Democrat nominee for president and is due to announce her VP pick. Tim Walz of Minnesota and Josh Shapiro of Pennsylvania are the last candidates standing. Google loses a momentous anti-trust case after a U.S. federal judge deems the company to have an illegal online search monopoly. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 5, 2024

Japan’s Nikkei 225 sees further selling, plunging the index into bear market territory while the South Korean KOSPI is on track for its worst session since the Covid pandemic. The Nasdaq suffers its worst 3-week run since September 2022 as non-farm payroll data disappoints. Berkshire Hathaway dumps close to half of its Apple shares to boost its coffers to a record $270bn. In the Middle East, Israel readies itself for possible retaliation from Iran following the suspected assassinations of Hamas leader Ismail Haniyeh in Tehran and a senior Hezbollah commander in Beirut. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 2, 2024

Global stocks stumble: the Nikkei tracks toward its worst day in more than four years, after a rough session on Wall Street sees equities close firmly in the red. Amazon sinks on the back of a first revenue miss in nearly two years - while Apple post a 5% sales boost, even as China revenues dip. Intel shares plunge as the chipmaker reports worse than expected results and weak guidance - and says it will cut 15k jobs as part of a $10 billion cost reduction plan. And the Bank of England cuts rates for the first time since 2020, voting 5-4 in favour, with Governor Andrew Bailey pledging caution ahead. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Aug 1, 2024

The S&P 500 sees its best day since February and the 10-year treasury yield touches its lowest level since March, as Fed Chair Jerome Powell lines up the first rate cut of the cycle. Meta shares climb in extended trade after a beat on the top and bottom lines, while issuing an upbeat outlook. Qualcomm shares dip despite topping forecasts, while Arm plunges as the chip designer warns of weakness in some markets. And, the Bank of England weighs up whether to cut rates for the first time since 2020, with the decision seen on a knife-edge. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 31, 2024

The Bank of Japan hikes rates for only the second time since 2007, and unveils an aggressive plan to cut monthly bond buying in half. Microsoft falls in extended trade as the tech giant posts its first miss on cloud revenue growth since October 2022. HSBC second quarter net profit drops, but it announces a 3 billion dollar buyback. And L’Oréal misses second quarter sales estimates, posting its slowest quarterly growth in more than two years amid soft demand in China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 30, 2024

Standard Chartered announces its largest ever share buyback as it posts a 5-percent rise in first half pre-tax profit. Asian equities come under pressure, as the Bank of Japan begins its two day meeting with a rate hike on the table, while the Fed kicks off its own meeting later today. Arm shares drop more than 5 percent as HSBC warns of short-term earnings downside on a weaker-than-expected AI outlook. And, Tesla shares drive higher after Morgan Stanley names the EV-maker as its "top pick" in the U.S. auto sector. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 29, 2024

Asian equities bounce, shaking off a down week Stateside, as investors look to a trio of central bank decisions and a slew of earnings. China's factories see robust profit gains in June, offering a ray of hope to authorities as they grapple with a slowing economy. U.K. Chancellor Rachel Reeves is set to unveil a review of public finances today, with key infrastructure projects potentially on the line - as she tells CNBC more money will be available to invest in public services. And Republican presidential nominee Donald Trump tells a crypto conference, never sell your bitcoin. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 26, 2024

The S&P 500 and the Nasdaq are set to end their second consecutive week in the red as investors continue to move away from the major tech stocks. U.S. GDP data surprises to the upside in Q2, with the economy growing close to 3 per cent and business investment reaching its fastest pace in almost a year. In luxury news, French designer Hermes bucks the downturn in the sector, posting a 13 per cent sales surge in the second quarter. Ray-Ban maker Essilor Luxottica sees revenue jump by 5 per cent in Q2 despite slowing growth in North America. The company confirms that Facebook parent Meta may take a stake in the company. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 25, 2024

The S&P 500 and the Nasdaq post their worst session since 2022 as tech stocks continue to slide. Asian equities suffer as a result. Lacklustre demand for luxury goods in China impacts Kering’s quarterly sales with further declines expected in H2. French autos giant Renault notches record H1 numbers on the back of strong EV sales and cost-cutting measures. The firm has backed its FY guidance. However, Ford has posted its biggest earnings miss in 2 years with guidance further disappointing investors. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 24, 2024

Alphabet sees its shares slide as YouTube ad revenue comes in soft. Tesla stock is also down as the EV maker notches its fourth earnings miss in a row. CEO Elon Musk, however, remains bullish about the company’s self-driving USP. Luxury giant LVMH misses topline quarterly forecasts as Chinese consumers pare back spending . The French group is the latest victim of a larger slowdown within the sector. In banking news, German lender Deutsche Bank posts a narrow Q2 beat on the topline, coming after its second quarter of double-digit growth in commissions and fee income. Spanish bank Santander hikes its FY revenue guidance following a 20 per cent increase in quarterly net profit. And in France, the euro group’s largest bank, BNP Paribas, tops expectations on strong quarterly results in its corporate and institutional banking units. We hear from CFO Lars Machenil who tells CNBC his bank’s guidance is not dependent on ECB rate cuts. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 23, 2024

U.S. Vice-President Kamala Harris strengthens her position as the frontrunner for the Democratic nomination, gaining the backing of a majority of pledged delegates. U.S. stocks rally with mega-caps clawing back some recent losses ahead of key earnings today. CNBC learns that cloud security firm Wiz has spurned Google’s $23bn takeover bid and may instead focus on listing. SAP posts a 25 per cent jump in Q2 cloud revenue, bringing the firm’s backlog to $14.8bn. And in auto news, Porsche cuts its FY sales guidance due to faltering Chinese demand and possible impairment charges linked to supply shortages. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 22, 2024

U.S. President Joe Biden drops out of the 2024 race for the White House and endorses Vice-President Kamala Harris for the Democratic nomination. Harris gains some early backing since yesterday’s announcement but key Congressional figures and former President Barack Obama stop short of endorsing her candidacy. In China, the PBOC surprises markets by cutting rates, increasing support for the country’s flagging economy. In aviation news, Boeing forecasts the global passenger and freight fleet will double in the next 20 years. This, as near-term production and delivery delays dog the U.S. plane maker ahead of this year’s Farnborough Air Show. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 18, 2024

Wall Street is split, with the Nasdaq recording its worst session since December 2022 while the rotation away from tech stocks continues, helping the Dow to close above the 41,000-point mark for the first time. President Biden pulls out of an event in Nevada after testing positive for Covid while at the RNC in Milwaukee, Ohio Senator JD Vance invokes the words of JFK during his formal acceptance of the GOP vice-presidential nomination. We are live in Frankfurt where it remains all but certain the ECB will keep rates steady, with the possibility of one more cut later this year. Swedish-Swiss robotics giant ABB posts record Q2 operational margins and hikes its FY guidance as net profit comes in at more than $1bn. We are also live at Blenheim Palace, Oxfordshire where new UK Prime Minister Keir Starmer is set to welcome European leaders at the EPC conference in a bid to reset relations between the UK and the Continent. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 17, 2024

Semi-conductor earnings are in focus with ASML earnings due while shares in TSMC slump after GOP presidential nominee Donald Trump says he would demand Taiwan pays for American protection against China. The Dow rallies more than 700 points to close at a new record high on new optimism over Fed rate cuts. HSBC appoints Georges Elhedery as its new group CEO. He is due to take up the position in September. And Adidas notches a Q2 earnings beat and hikes its full-year guidance after strong sales of its retro trainer range. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 16, 2024

Donald Trump selects Ohio senator JD Vance as his running mate for November’s presidential election, just two days after the weekend assassination attempt in Pennsylvania. U.S. President Joe Biden defends his mental acuity in an NBC interview while warning that the threat from his opponent is too serious to ignore. German clothing brand Hugo Boss slashes its sales forecast for the second time this year, adding to Burberry and Swatch’s warnings for the luxury sector. And the impasse deepens in France among the victorious far-left faction with talks over naming a new prime minister breaking down. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 15, 2024

Former U.S. President Donald Trump survives an assassination attempt while speaking at a campaign rally in Butler, Pennsylvania ahead of his formal presidential nomination at the GOP convention in Milwaukee. President Joe Biden makes a televised address to the nation condemning the shooting, asking Americans to ‘cool down’ political rhetoric. In China, Q2 GDP falls short of expectations slowing to 4.7 per cent amid lingering consumer demand weakness. Google parent Alphabet is reportedly in advanced talks to swoop for cyber security firm Wiz for approximately $23bn, which would be its largest ever acquisition. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 12, 2024

President Biden remains defiant in the face of top Democrats’ calls to step down from the presidential nomination following his latest string of gaffes during last night’s NATO press conference. The S&P 500 and the Nasdaq are both down from recent record highs as the U.S. inflation print for June comes in as the weakest monthly reading in 4 years. Tesla shares nosedive following reports that its robo-taxi rollout has hit another delay due to prototype building. In Japan, the yen sees a sudden surge overnight fueling speculation an intervention by the BoJ could be imminent. The Nikkei 225 falls from record levels. And we are live at Apple’s central London store where the Vision Pro mixed reality headset goes on sale in more countries beyond the U.S. and Asia. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 11, 2024

The S&P 500 records its longest streak in the green, closing above 5,600 for the first time ahead of today’s U.S. CPI data print. In Washington, NATO leaders are set to announce new aid measures for Ukraine while criticising China over its alleged support for Russia’s war in the country. Samsung unveils a range of new products at its Galaxy Unpacked event in Paris with upgraded A.I. models dominating its line-up. And actor George Clooney adds his voice to the growing chorus calling for President Joe Biden to step out of the electoral race. Former House Speaker Nancy Pelosi has warned that any decision to be taken by Biden must be quick. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 10, 2024

Fed Chair Jerome Powell testifies on Capitol Hill, giving one of his strongest signals yet that a rate cut may be imminent. Powell said that holding rates too high for too long may jeopardise the health of the U.S. economy. As a result, the S&P 500 and Nasdaq hit new record highs but markets are down in Asia as China’s June inflation data disappoints. We are live in Washington D.C. where gathering NATO leaders have pledged a series of air defence systems to support Ukraine and mull what a potential second Trump presidency could mean for the future of the alliance. And in South Korea, Samsung is hit with an indefinite all-out strike by its 30,000-strong labour union which is demanding better wages and benefits following the company’s recent stellar sales and profits. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 9, 2024

The French political impasse deepens as the leftist bloc insists it will head the next government. This, while President Emmanuel Macron rejects Prime Minister Gabriel Attal’s resignation. The S&P 500 and Nasdaq both close at record highs while in Asia, the Nikkei rallies by more than 2 per cent as investors anticipate Fed Chair Jerome Powell’s Congress testimony later this week. U.S. President Joe Biden has doubled down, insisting he will remain in the presidential race while donors and senior Democrats publicly express concerns over his mental acuity and general health. Markets are now pricing in a second term in office for former U.S. President Donald Trump. In energy news, crude dips as rigs in the Gulf of Mexico are impacted by Hurricane Beryl with widespread power cuts reported along the Texan coast. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 8, 2024

France’s left-wing coalition scores a shock victory in the country’s parliamentary elections, holding off Marine Le Pen’s Rassemblement National who finished third. The country now faces a hung parliament with no clear indication of who will lead the government. Prime Minister Gabriel Attal has said he will resign later today. We are live in Paris for the latest. The euro and bond futures both fall as investors begin to assess the repercussions of last night’s poll, concerned with higher deficits and spending. U.S. unemployment figures are down to 4 per cent for the first time in 3 years but last month’s jobs figure comes in stronger than expected. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 5, 2024

Sir Keir Starmer’s Labour Party wins a landslide election in the UK, securing the largest majority for any political party since 1997. The Conservatives are on track to lose 218 seats - a historic low for the party. The Liberal Democrats claw back former Tory seats while Reform UK notch 15 per cent of the national vote. We are live outside the House of Commons and Downing Street for the latest. Sterling trade is cautious but the FTSE moves slightly higher as investors digest the results of the UK election. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 4, 2024

The S&P 500 and the Nasdaq hit fresh records while the ADP report shows new jobs slowing for a third consecutive month. New polls indicate a hung parliament in France with the Rassemblement National falling just short of an absolute majority ahead of Sunday’s second round vote. Former U.S. president Donald Trump increases his lead over incumbent President Joe Biden as a growing number of senior Democrats urge him to withdraw from the race following last Thursday’s head-to-head debate. And here in the UK, millions of voters head to the ballot box for the country’s general election. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 3, 2024

Federal Reserve Chair Jerome Powell hails the U.S. central bank’s work to rein in inflation but also echoes ECB President Christine Lagarde, telling CNBC he requires more data before moving to cut rates. Markets remain sanguine with the S&P 500 breaching the 5,500-point mark for the first time as investors take heart from Powell’s positive remarks. In autos news, Tesla shares are up after a Q2 delivery beat despite the total full-year figure coming in low. In France, parties form a republican front in a bid to quell a National Rally majority in this Sunday’s second-round parliamentary election. And in the UK, Prime Minister Rishi Sunak warns against a Labour super-majority ahead of tomorrow’s general election. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 2, 2024

We are live at the ECB’s annual forum in Sintra, Portugal, where ECB President Christine Lagarde plays down suggestions of a soft landing in the euro zone as price pressures linger. In the U.S., the Supreme Court historically rules that immunity extends to ex-presidents over official acts which would see a delay to former President Donald Trump’s Washington trial for attempting to overturn the results of the 2020 election. Wall Street begins July in the green with Treasury yields rising as investors mull the return of Trump to the White House. In France, the French leftist and centrist blocs face a deadline to merge against the Rassemblement National, urging third-placed candidates to withdraw. And in the UK, party leaders make their last-minute pitches to voters ahead of this Thursday’s general election. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jul 1, 2024

Marine Le Pen’s Rassemblement National wins the first round of the French parliamentary election, gaining 34 per cent of the vote with President Macron’s centrist bloc coming third behind the left-wing New Popular Front coalition . We are live in Paris for the latest. Investors take stock of the result with the French-German 10-year bond spread widening to its farthest point since 2012. The UK election race enters its final stages this week with the opposition Labour Party poised to win a landslide after 14 years of Conservative rule. In the U.S. President Joe Biden is adamant he will continue as Democratic nominee, resisting calls to withdraw from the race following last Thursday’s car-crash debate performance. And in aviation news, Boeing scores a near-$5bn deal to supply Spirit AeroSystems with competitor Airbus set to receive compensation pay under the terms of the agreement. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 28, 2024

President Joe Biden begins the first presidential debate in Atlanta on the back foot, struggling to counter attacks from former President Donald Trump. In Brussels EU leaders renominate Ursula Von Der Leyen for a second term as European Commission President. Estonian PM Kaja Kallas and Portuguese PM Antonio Costa get the nod for foreign policy chief and EU council president respectively despite opposition from Italy and Hungary. The yen against the dollar is trading at its weakest level in almost 40 years as Japan names a new currency chief. And in retail news, Nike issues a large sales warning, with shares plunging 12 per cent in extended trade. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 27, 2024

Prime Minister Rishi Sunak and Labour leader Sir Keir Starmer go head-to-head, trading tax accusations in the final televised debate ahead of next month’s UK general election. The yen has fallen to a new 38-year low against the greenback, triggering speculation the BoJ will intervene and raise interest rates in July. The Nasdaq is in the green, helped by Amazon breaching $2tn in market cap for the first time ever. Chip maker Micron sees revenues soar by 80 per cent but Q4 guidance fails to impress investors. Shares fall almost 8 per cent lower after yesterday’s close. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 26, 2024

The leaders of France’s three main political blocs participate in a TV debate with Prime Minister Gabriel Attal and National Rally’s Jordan Bardella accusing one another over unrealistic budgetary plans. In Brussels, European Commission President Ursula Von Der Leyen looks set to win another term as negotiators have reportedly struck a deal ahead of the formal summit. Volkswagen pushes EV start-up Rivian shares 50 per cent higher in extended trade following its $5bn investment announcement in the firm. Chip maker Nvidia claws back recent losses to close yesterday’s session almost 7 per cent higher. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 25, 2024

Nvidia’s record-breaking rally comes to an end with the stock price plunging 7 per cent. The fall erases $550bn from the A.I. semiconductor’s market cap since last week’s peak. At the so-called ‘summer Davos’ WEF meeting in Dalian, Chinese premier Li Qiang says he believes China can hit its growth targets this year, playing down trade conflicts with the EU. In aviation news, Airbus cuts its guidance and slows production of its best-selling A320 Neo craft as supply chain issues continue to hinder the plane maker. And fast fashion firm Shein is reportedly filing to go public on the LSE rather than on Wall Street, which would be the City’s biggest listing in more than a decade. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 24, 2024

European Union and Chinese officials are to hold talks about the bloc’s planned tariffs on Chinese EVs. Asian markets are mixed after a soft end to the week on Wall Street in the longest stretch of low volatility since the GFC. In France, President Emmanuel Macron’s centrist Ensemble alliance loses more ground in the polls, trailing Marine Le Pen’s National Rally ahead of next weekend’s electoral first round. Former U.S. President Donald Trump holds a rally in Philadelphia while Joe Biden prepares for this week’s presidential debate. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 21, 2024

We hear exclusively from IMF managing director Kristalina Georgieva who says Europe is on the right economic path but must take advantage of the single market or fall behind. The Nasdaq breaks its longest winning streak of the year as Nvidia shares pare back. However Wall Street is on course for a positive end to the week with energy stocks leading gains. The BoE signals it may cut interest rates in August after keeping them steady yesterday with a finely balanced decision. And in the Netherlands, Prime Minister Mark Rutte is on course to become the new NATO secretary-general after his only remaining rival, Romanian president Klaus Iohannis, withdraws from the race. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 20, 2024

The BoE and Norges Bank are expected to hold rates steady today while the SNB looks set to make a second consecutive cut today. UK Prime Minister Rishi Sunak suffers another blow to his chances of re-election with one poll predicting the Tories are on track for its lowest ever seat total next month. In Brussels, Italian Prime Minister Giorgia Meloni’s ECR party overtakes Macron’s Renew bloc to become the third-largest party in the European Parliament. In autos news, Chinese automakers reportedly urge Beijing lawmakers to hike duties on ICE imports in retaliation for tariffs placed on EVs. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 19, 2024

The world’s most valuable company Nvidia overtakes Microsoft in terms of market cap following a 170 per cent rally this year. Treasury yields fall following lower-than-expected retail sales numbers bolster hopes of a Fed rate cut later this year. Luxury trainer maker Golden Goose shelves plans to list on the Milan stock exchange blaming a deterioration of market conditions following the recent European elections. And in the UK, inflation looks set to return back to target – the last print before next month’s general election. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 19, 2024

Europe's competition chief Margrethe Vestager will soon be ending her mandate in Brussels, after ten years of taking on Big Tech and others. In an exclusive conversation with Squawk Box Europe's Silvia Amaro, she addressed some of the ongoing investigations into Microsoft and Apple and offered a sobering perspective on Europe's place in the world. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 18, 2024

We are live in Brussels where the European Commission top job is up for grabs. The EPP is demanding the presidency is split into two terms of two-and-a-half years. Wall Street enjoys a mega-cap rally with the S&P 500 notching a 30th record close this year. In aviation news, Boeing CEO Dave Calhoun prepares to face lawmakers on Capitol Hill over the plane maker’s recent safety record troubles. And Israeli Prime Minister Benjamin Netanyahu dissolves his war cabinet as discontent grows over the ongoing war in Gaza. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 17, 2024

Chinese retail sales deliver but concerns remain over the property sector which drag on fixed asset investment. Minneapolis Fed Chairman Neel Kashkari signals a rate cut may happen in December as he calls for more evidence inflation is falling. Israeli Prime Minister Benjamin Netanyahu condemns his generals’ decision to allow for tactical pauses in fighting to permit daily aid to Gaza. Paris sees protests against Marine Le Pen’s National Rally party which has taken an early lead in polls ahead of next month’s snap election. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 14, 2024

G7 nations agree on a $50bn aid package to Ukraine, using frozen Russian assets to underwrite the deal. We are live in Bari for the latest where EU Council President Charles Michel tells CNBC that Russia must pay up for its invasion of the country. In Asia, the yen slides as the BoJ keeps rates on hold but signals that quantitative tightening is on the way. Tesla shareholders approve CEO Elon Musk’s $56bn pay package for the second time to make it the largest public company compensation in history. In the UK, the Labour Party unveils its election manifesto with pledges on the economy at its core. A new YouGov poll puts Reform in second place ahead of the incumbent Conservative Party. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 13, 2024

The Federal Reserve leaves interest rates on hold at a record 20-year high and indicates it will make only one cut this year. Chairman Jerome Powell says the fight against inflation continues. Equity markets react to cooling inflation. The S&P 500 hits a fresh new high while Apple temporarily overtakes Microsoft as the world’s most valuable company. French President Emmanuel Macron holds a briefing to explain his decision to hold July’s snap election. Meanwhile, the EU is set to slap Chinese EVs with tariffs of up to 38 per cent. Trade Commissioner Valdis Dombrovskis tells CNBC the bloc deserves a level playing field. And we are live in Bari, Italy ahead of the G7 summit where the U.S. are to broaden sanctions against Russia with leaders aiming at using interest from frozen assets. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 12, 2024

Disappointing Chinese consumer activity keeps a lid on consumer prices in the world’s second-largest economy while manufacturing activity fell for the 20th consecutive month. The EU is set to more than double tariffs on Chinese-made EVs, risking further confrontation. Apple posts its best daily performance since 2002 as investors turn bullish over its A.I. push while in the UK, the Conservative Party launch their election manifesto with financial security being a key tenet of the plan. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 11, 2024

European equities are lower as they digest the weekend’s EU election results. However, the S&P 500 and the Nasdaq hit new record highs ahead of this week’s Fed meeting. In France, right-wing parties hold emergency coalition talks following President Emmanuel Macron’s snap election decision following his party’s poor result on Sunday. In tech news, Apple launches long-awaited A.I. features, announcing a partnership with OpenAI which would allow Siri to connect with Chat GPT. And in the UK, Prime Minister Rishi Sunak unveils his Conservative Party manifesto with a pledge to cut taxes. The opposition Labour Party has slammed the proposals as “the most expensive panic attack in history.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 10, 2024

A shock in France: President Emmanuel Macron takes a gamble, calling a snap parliamentary election after his party suffers a humiliating defeat in EU elections. The Centre holds but the Far-Right sees record support, unsettling the bloc's mainstream establishment. Germany's ruling coalition suffers its worst ever result as the rise of the right raises questions over the government's stability. And, Italian Prime Minister Giorgia Meloni comes out on top - solidifying her mandate and positioning herself as one of the most powerful figures in the European Union. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 7, 2024

Chinese exports surge more than 7-and-a-half percent in May, but slower import growth points to signs of weakness in domestic demand. The ECB cuts rates for the first time since 2019, but persistent price pressures have markets pricing in just one more cut this year - while President Christine Lagarde refuses to commit to further easing. Exit polls in the Netherlands show the Labour-Green Left coalition in the lead - securing eight seats in Brussels, while Geert Wilders' anti-immigration PVV makes strong gains, just one seat behind. And Gamestop shares surge in extended trade after a near 50-percent pop in the session, as 'Roaring Kitty' schedules a YouTube livestream later on Friday. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 6, 2024

The ECB is set to cut interest rates for the first time in nearly 5 years. We are live at the ECB head of today’s decision. Former ECB board member Peter Praet tells CNBC that markets are still adjusting to the central bank’s looser policy. The tech giant Nvidia’s market cap breaches the $3tn mark, overtaking Apple to take second position as the world’s most valuable public company behind Microsoft. The Nasdaq hits new highs as U.S. services activity gathers momentum. However, private jobs creation contracts in May, further fuelling speculation of a September rate cut. And in Normandy, world leaders gather to commemorate the 80th anniversary of D-Day. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 5, 2024

U.S. jobs numbers come in at their lowest level since February 2021. Wall Street remains in a holding pattern as investors await Friday’s non-farm payroll data. Indian equities steady after yesterday’s market cap loss of $371bn due to Prime Minister Narendra Modi failing to win a clear majority for his third term in office. U.S. tech giant Intel announces its latest generation of A.I. semiconductors, seeking to regain market share. CEO Pat Gelsinger tells CNBC foundry profitability is key. Tesla CEO Elon Musk confirms a CNBC report that he redirected thousands of Tesla-bound Nvidia chips to X and X-AI as he had no place to send them. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 4, 2024

Indian prime minister Narendra Modi looks set to secure a third term in office with a narrower-than-expected parliamentary majority. We are live in New Delhi as the vote count continues. On Wall Street the Dow falls 100 points on the first trading day of June as U.S. manufacturing numbers indicate the economy is contracting. Gamestop shares rally following renewed social media activity by the investor known as Roaring Kitty. CNBC learns that Paramount and Skydance agree to merger terms after months of negotiations. Shipping giant Maersk hikes its guidance for the second time in just over a month as Red Sea tensions and soaring demand push freight rates higher. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jun 3, 2024

The Nasdaq posts its best month of the year so far while the Dow enjoyed its best day since November on Friday as the Fed’s preferred inflation gauge hits expectations. Nvidia CEO Jensen Huang unveils the company’s next set of A.I. chips. Rival AMD hits back with its own range of A.I. processors. In India, Narendra Modi looks set to win a third term in a landslide election while in South Africa, the ruling ANC loses its majority for the first time. Speaking at the Singapore Security Summit, Ukrainian President Volodomyr Zelenskyy claims that Russia is using China to disrupt peace plans. Chair of NATO’s Military Committee Rob Bauer tells CNBC Beijing is holding a hypocritical stance towards Kyiv. And in IPO news, online fashion giant Shein prepares to list in London as early as this week with a valuation close to £50bn. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 31, 2024

Donald Trump becomes the first U.S. president to be convicted of a crime, found to be guilty on all 34 charges against him in his ‘hush money’ trial in New York. Salesforce numbers help drag the Dow down by more than 300 points, putting it on track for its worst week in more than a year. Conversely, the Nasdaq is enjoying its best month since November. Chinese manufacturing data surprisingly contracts, causing further headaches for Beijing policy makers. And ahead of next week’s European parliamentary elections, Hungarian prime minister Viktor Orban backs France’s Marine Le Pen call to join forces with Italian prime minister Giorgia Meloni and for a right-wing super group within the bloc. We hear from Saxony minister-president, Michael Kretschmer, who says mainstream parties need to face up to voter grievances. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 30, 2024

The S&P 500 snaps a three-day streak in the green while the Nasdaq suffers its worst day in May with higher Treasury yields impacting Wall Street trade. Salesforce shares hit their worst level since 2008’s GFC as the company posts its first quarterly revenue miss in 18 years. CEO Marc Benioff remains sanguine about the numbers. We speak to Nestlé CEO MarK Schneider exclusively who dismisses fears over weight loss drugs threatening the food and drink industry. Activist investor Nelson Peltz has reportedly sold his entire Disney stake just weeks after losing his bid to gain two seats on the firm’s board. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 29, 2024

The Nasdaq hits 17,000 for the first time off the back of a strong performance by Nvidia. The Dow, however, falls 200 points, weighted down by health stocks. The IMF readjusts its outlook for China, now believing the country will in fact achieve its 5 per cent growth target for 2024 following a stronger-than-expected Q1. In the Middle East, Israeli tanks advance into the centre of Rafah as international condemnation over Sunday’s deadly IDF airstrike on a refugee camp in the city continues to grow. And in South African polls have opened in what is seen as the most competitive election since the end of apartheid in 1994. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 28, 2024

U.S. futures are up following the long Memorial Day weekend as investors speculate about the next inflation print. Israel launches an investigation into an airstrike that killed dozens of Gazan civilians in Rafah. Prime Minister Benjamin Netanyahu says the ‘tragic’ incident was caused by a technical failure. French President Emmanuel Macron has made a speech denouncing authoritarian regimes during a state visit to Germany ahead of next month’s European Parliament elections. In the UK, Labour leader Sir Keir Starmer receives a boost from business as 120 of the sector’s leaders throw their support behind his party while Lord Mayor of London Michael Mainelli tells CNBC the UK requires a business-friendly approach to immigration. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 27, 2024

Nvidia powers the Nasdaq to a fresh record high, and its fifth straight positive week but the Dow tails off, closing down more than 2 percent for the week. Chinese industrial profits bounce back to growth in April, providing a boost to policymakers as they try to reignite the world's second largest economy. G7 finance ministers hit out at China's trade policies, while edging closer to a deal that would see a fresh loan to Ukraine using seized Russian assets. And French President Emmanuel Macron kicks off a rare state visit to Germany, urging voters to reject the far right in European parliamentary elections. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 24, 2024

We are live in Paris at Vivatech where Tesla CEO Elon Musk slams President Joe Biden’s China EV tariffs, telling CNBC his company is very competitive in the country without them. French President Emmanuel Macron tells our U.S. colleagues exclusively that Europe is lagging behind the U.S. in the field of A.I. and that France should be leading the field in innovation. Nvidia shares pop on Wall Street but it’s not enough to reverse a losing session off the back of strong jobs and manufacturing data Stateside. On this side of the Atlantic, UK retail numbers disappoint, potentially heaping pressure on European equities. And speaking at the G-7 on the shores of Lake Maggiore, Italy, U.S. Treasury Secretary Janet Yellen calls for greater cooperation among the member countries in the face of Chinese overcapacity. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 23, 2024

Tech giant Nvidia smashes Q1 expectations with record AI chips sales. The share prices soars beyond the $1,000 mark in extended trade. The Federal Reserve minutes reveal continuing concerns over lingering inflation which has impacted Wall Street. We hear from JP Morgan CEO Jamie Dimon in Shanghai who says the sticky inflation could still yield a hard landing. Miner Anglo American rejects BHP’s improved offer for a third time but also extends merger talks for a further week. UK Prime Minister announces the country will go to the polls on Thursday 4th July. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 22, 2024

Microsoft holds its developer conference where CEO Satya Nadella hails the tech giant’s new A.I. software. However, Amazon says its decision to hold out and wait for Nvidia’s more powerful offering was a mutual decision between the two companies. Wall Street predicts Nvidia earnings could triple amid particularly choppy trade. U.S. equities once again hit fresh new highs on rate cut timing speculation. Our colleagues Stateside hear from Christopher Waller who urges patience and says he requires ‘several more months’ of favourable inflation data. And in the UK, headline CPI is due to fall close to the BoE’s 2 per cent target. Governor Andrew Bailey signals a rate cut is appearing on the horizon. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 21, 2024

The Nasdaq hits a new high on the back of a stellar Nvidia performance, with investors predicting an out-sized impact from the chip titan’s earnings. JP Morgan CEO Jamie Dimon suggests he will quite the post within the next five years. He ruled out any additional buybacks at the lender whose stock remains at elevated levels. U.S. President Joe Biden slammed the ICC after prosecutors at The Hague threatened arrest warrants for Israeli Prime Minister Benjamin Netanyahu and three Hamas leaders for alleged war crimes. And we are live in Cambridge at the AstraZeneca Investor Day where the Swedish-British pharma giant is to unveil its medium-term strategy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 20, 2024

Iranian state television has confirmed President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian have died in a helicopter crash in the mountainous north-west of the country. Global equities rally on renewed interest rate optimism with Asian stocks hitting a two-year high, following last week’s Dow close above the 40,000-point level. Taiwanese President Lai Ching-te is sworn into office and calls for peace on both sides of the Taiwan Strait. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 17, 2024

Chinese manufacturing figures beat expectations but retail and house price figures disappoint, exposing the country’s two-speed economic recovery. U.S. stocks rally with the Dow breaching the 40,000-mark briefly before falling back towards the close. ECB board member Isabel Schnabel plays down the chance of back-to-back rate cuts. The central bank’s vice-president Luis De Guindos tells CNBC the forecast beyond June is murkier. And in Hong Kong, shares in HSBC tumble on reports that its largest shareholder, Ping An Insurance, is considering reducing its stake in the lender. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 16, 2024

All three major U.S. indices rally to fresh highs as inflation Stateside comes in softer than expected. Core prices make their smallest gains in three years. Berkshire Hathaway reveals insurance and security giant Chubb is the mystery bet in its May 13F filings, causing shares to surge in extended trade. Israeli Prime Minister Benjamin Netanyahu tells CNBC exclusively he is standing firm on the Rafah offensive despite disagreements with the U.S. Chinese President Xi Jinping hosts Russian President Vladimir Putin in Beijing with both sides seeking to strengthen strategic ties. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 15, 2024

U.S. producer prices come in hotter than expected ahead of today’s CPI data. Federal Reserve Chairman Jerome Powell says that rates will have to remain elevated for longer. Magnificent 7 stocks help push the Nasdaq to a new record high. Alphabet CEO Sundar Pichai tells CNBC colleagues Stateside that A.I. still has a lot of momentum for the company. U.S. President Joe Biden slaps China with $18bn of new tariffs, targeting EVs, solar cells and steel. We hear exclusively from the U.S. ambassador to the European Union, Mark Gitenstein, who says Biden is sending a clear message to Beijing. And Swiss eyecare group Alcon posts a record profit for the first quarter with CEO David Endicott telling CNBC the company maintains a robust pipeline. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 14, 2024

The Dow’s eight-day winning streak is over as inflation concerns persist and U.S. producer price data is released later today. This ahead of tomorrow’s key CPI print. The meme stock craze is revived from a single post on social media with GameStop short positions reportedly losing close to $1bn in yesterday’s session. In commodities news, AngloAmerican shares fall more than 2 per cent in London after the miner turns down an improved $34bn takeover bid from rival BHP. OpenAI unveils both a new A.I. model as well as a desktop version of ChatGPT as it seeks to secure its position as market leader in generative artificial intelligence. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 13, 2024

The Dow posts its best week of the year – its eighth straight session in the green ahead of this week’s U.S. inflation data release. In China, consumer inflation is on the up but credit demand shrinks for the first time since 2017. Russian President Vladimir Putin reshuffles his cabinet, ousting defence minister Sergei Shoigu and installing a civilian economist in his place. Israel orders residents of Rafah to evacuate the city as the Gaza death toll reaches 35,000. U.S. Secretary of State Antony Blinken tells NBC News that Washington requires more clarity on an exit and post-war strategy from Israel. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 10, 2024

The Dow surges by more than 300 points, climbing for seven consecutive sessions. Softer than expected jobless claims data is once again fueling speculation of rate cuts later this year. In London, the BoE keeps the interest rate steady in a 7-2 split of the MPC. Markets have no upped their bets of a cut in June. BoE Governor Andrew Bailey tells CNBC the central bank’s judgments will not be swayed by the upcoming UK general election. Chinese EV maker Zeekr prices its New York listing at the top of its range. The IPO could be the biggest listing of a Chinese company Stateside in almost three years. Israeli PM Benjamin Netanyahu defies President Biden’s warnings not to invade Rafah and says the country will fight on alone if necessary. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 9, 2024

Chinese trade data beats expectations in April to show signs of stabilisation as demand improves both home and abroad. British chip designer ARM sees shares tumble almost 9 per cent in after-hours trade following gloomy revenue guidance which has fueled concerns of a slowdown in A.I. demand. President Joe Biden warns Israel the U.S. will pause weapons deliveries if the IDF invades Rafah. Markets are split ahead of the BoE rate decision later today over a potential rate cut forecast for June. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 8, 2024

Theme park concerns weigh on Disney shares which tumble 10 per cent despite streaming service Hulu posting its first quarterly profit since launching in 2019. Social media platform Reddit sees its shares pop up by more than 15 per cent in extended trade, helped along by stronger-than-expected ad revenues as it posts its first results since going public. Chinese social media giant TikTok sues the U.S. government, saying that a potential ban of the app in America would violate the First Amendment. Former U.S. Treasury Secretary Steven Mnuchin tells our colleagues Stateside that he remains purchasing or investing in the business. Global debt soars by up to $1.3tn to a fresh record high of $315tn in Q1. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 7, 2024

UBS posts a $1.8bn beat in Q1 on both the top and bottom lines. The Swiss lender says its integration of Credit Suisse is on track. In Spain, Banco Sabadell rejects rival BBVA’s €12bn takeover bid for significantly undervaluing the bank as well as its growth potential. Chinese president Xi is hosted by French president Emmanuel Macron in Paris but sticks to a familiar diplomatic line, meeting in talks with Macron and European Commission President Ursula Von Der Leyen. And in the Middle East, Hamas agree to a ceasefire, but Israel rejects the deal which it says falls short of its demands, with the IDF targeting eastern Rafah. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 6, 2024

Berkshire Hathaway’s cash pile balloons to $189bn. Warren Buffett uses the company’s AGM in Omaha, Nebraska to signal how it should be run once he passes. Wall Street closes the week in the green following a weaker-than-expected jobs print. This raised hopes that the Federal Reserve may consider cutting interest rates soon. Chinese President Xi Jinping arrives in Paris on the first leg of his European tour. His host, President Emmanuel Macron is to press him on trade relations and Ukraine support. And in the UK, Prime Minister Rishi Sunak admits to the challenges facing the Tory party following a bruising third-place finish in last week’s local elections. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 3, 2024

Apple launches the largest share buyback in U.S. corporate history after beating Q1 expectations, despite a 10 per cent fall in iPhone sales. U.S. markets have rallied strongly ahead of today’s jobs report with investors anticipating signals about the Fed’s next policy moves. In the UK, local and mayoral election vote-counting is under way. We are live in Blackpool where Labour has regained the Red Wall constituency of Blackpool South, a significant blow to Rishi Sunak and the Conservative Party. And in mining news, Glencore launches its own bid for Anglo American which may trigger a bidding war following last week’s approach by rival BHP. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 2, 2024

The Federal Reserve leaves rates unchanged with its fight against inflation faltering. Chairman Jerome Powell has signalled any return to rate hikes would be ‘unlikely’. Asia-focused bank Standard Chartered beats expectations to post a 5.5 per cent increase in Q1 pre-tax profit, benefiting from higher trading income. Qualcomm shares are up in extended trade as Chinese demand fuels an earnings beat. Meanwhile, Apple is expecting a double-digit decline in China sales when it reports later today. And in currency news, the yen soars to its strongest level in a fortnight before paring gains back, prompting further speculation the BoJ will intervene. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

May 1, 2024

U.S. stocks see out April in the red – their worst monthly performance in seven months with tech earnings leading the losses. Amazon posts a Q1 beat on the back of solid cloud growth and A.I. demand. However, guidance is softer than expected and CEO Andy Jassy warns of higher capex to come. Tesla CEO Elon Musk shuts down his supercharger team, costing two executive positions and hundreds of job losses as the EV maker struggles with waning demand and competition from China. A surprise fall in same-store sales at Starbucks prompts the coffee chain giant to slash its outlook. Shares have slumped to a 21-month low as a result. And Spanish luxury beauty giant Puig aims for the top of the price range ahead of its near €14bn IPO – the largest in Spain in almost a decade. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 30, 2024

HSBC CEO Noel Quinn is to retire after a 5-year tenure at the UK lender which is eyeing a further $3bn in buybacks following a Q1 beat. Santander is buoyed by its European retail banking sector, posting an 11 per cent rise in Q1 net profit. It has also confirmed its full-year targets. Wall Street is on track to break a five-month winning streak despite an upbeat session yesterday. Tesla shares saw their best performance in three years. We speak to IMF managing director Kristalina Georgieva who says she is concerned about global central bank divergence as Europe is making quicker progress in the fight against inflation than the U.S. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 29, 2024

Tesla CEO Elon Musk makes a surprise visit to China, meeting with Premier Li Qiang. Beijing has moved to cut back on certain restrictions on Tesla vehicles made in the country. Rate cut expectations have been further dampened after another sticky inflation print out of the U.S. However equities Stateside still finished last week in the green, enjoying their best week since November. The yen/dollar trade remains volatile, briefly dropping below the key psychological level of 160. U.S. Secretary of State Antony Blinken travels to Riyadh while a Hamas delegation prepares for ceasefire talks in Cairo. We hear from Egyptian foreign minister Sameh Shoukry who urges both sides to meet to end the conflict. And in banking news, Deutsche Bank warns that long-term litigation costs may leave a €1.3bn hole in its bottom line. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 26, 2024

New data out of the U.S. shows the economy growing at its slowest pace in almost two years, causing equities to tumble and Treasury yields to spike. Tech earnings Stateside beat expectations in extended trade. Google owner Alphabet announces its first dividend with CEO Sundar Pichai hailing the company’s next wave of A.I. innovation and adoption. In Japan, the BoJ holds rates steady pushing the yen to a new 34-year low. Traders are now concerned whether policy makers will choose to intervene. Airbus confirms its guidance and backs its higher delivery goals as it boosts production of its A350 to extend its lead over troubled rival Boeing. And in Sydney, BHP shares struggle following reports that mining competitor Anglo American is unimpressed by yesterday’s takeover offer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 25, 2024

Meta posts an earnings beat but shares tumble in extended trade as CEO Mark Zuckerberg sparks further concerns over excessive spending plans for A.I. Deutsche Bank sees Q1 pre-tax profits rise by 10 per cent as credit loss provisions shrink. There are also earnings from BNP Paribas with the French lender looking to increase cost-cutting. In commodities news BHP has made a bid for rival Anglo American in what could be a mega-merger for the world’s largest listed miner. And Spanish Prime Minister Pedro Sanchez steps away from public duties and threatens resignation after a court launches an investigation into his wife’s business dealings. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 24, 2024

Tesla shares surprisingly hold up despite the EV maker missing massively on both the top and bottom lines. Elon Musk has hinted to investors that more affordable options are in the pipeline. The S&P 500 posts its best day since February with investors shrugging off rate concerns. We hear from Oaktree Capital’s Howard Marks who says the days of easy capital are unlikely to return. Luxury giant Kering posts double-digit Q1 sales declines and warns that profits could fall by up to 45 per cent in H1. On Capitol Hill, the U.S. Senate votes overwhelmingly to pass a $95bn aid package to Ukraine, Israel and Taiwan. And we are live in Rotterdam at the WEC where RWE CEO Markus Krebber tells CNBC that green transition costs could soar due to capital and geo-political risks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 23, 2024

The S&P 500 see its six-day losing streak come to an end and Nvidia enjoys its best trading day in more than a month with Mag 7 earnings in focus. Tesla shares fall a further 3 per cent – its seventh straight loss – with investors concerned for what could be the EV maker’s worst earnings in seven years. SAP posts a 24 per cent surge in quarterly cloud revenue and targets greater growth through A.I. services. And we are live in Rotterdam at the World Energy Congress where the Dutch Deputy PM tells CNBC that Brussels can do far more to accelerate the energy transition. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 22, 2024

The Nasdaq suffers its worst trading week since 2022 as the tech rally pauses with Nvidia shares falling 10 per cent. The sharp decline in demand for EVs and stiff Chinese competition again forces Tesla to slash prices in several markets. After months of delay, U.S. House lawmakers finally approve $60bn of aid to Ukraine. President Volodomyr Zelenskyy has called for the rapid transfer of arms to his country. Tik Tok is in focus Stateside after House lawmakers approve a bill which will force owner ByteDance to either sell the video-sharing platform or face a ban in the country. The bill now passes to the Senate. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 19, 2024

Israel retaliates against Iran, reportedly carrying out a limited operation against the country. Iranian state TV said missiles were deployed to down drones over the central city of Isfahan. Asian equities are in the red as a result with oil rising and the dollar catches a bid as investors go risk-off. At the IMF/World Bank Spring Meetings in Washington, we hear exclusively from German finance minister Christian Lindner who says the EU and the U.S. must cooperate closely in the face of trade competition from China. We hear from top ECB policy makers who are increasingly converging on the month of June as the likely beginning of rate cuts, barring any particularly bad news along the way. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 18, 2024

As ECB policy makers increasingly appear to agree on a June rate cut, Bundesbank President Joachim Nagel tells CNBC that caveats still remain. In the U.S., a Boeing whistleblower testifies in the Senate, blasting his former employer over safety negligence and calling for the grounding of the Dreamliner. UBS is eyeing further lay-offs with cuts likely to fall in banking, markets and wealth management divisions. ABB hikes its full-year guidance after a Q1 beat on a stronger-than-expected order book. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 17, 2024

Federal Reserve Chairman Jerome Powell has said that inflation is likely to delay rate cuts this year and says recent data has not provided the central bank with enough confidence to move. However, ECB President Christine Lagarde tells our colleagues Stateside that cuts are due soon, barring any major shocks. The IMF raises global forecasts for growth and hikes its U.S. outlook. The group’s First Deputy MD tells CNBC that the Fed’s prudence is justified. And a lack of demand from Chinese consumers weigh on French luxury giant LVMH’s Q1 sales. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 16, 2024

Chinese GDP data comes in better than expected for the first quarter by a wide margin but monthly figures are softer, painting a mixed picture for the world’s second-largest economy. In the U.S., the major indices are in the red while yields spike. The greenback also hits a five-month high as very strong retail sales numbers dampens rate cut expectations even further. In Asia there are 2 per cent declines across equities. Investors are braced for potential policy intervention in Japan to shore up the yen. In autos news, Tesla is set to cut 10 per cent of its workforce as the EV maker struggles with waning consumer interest in the sector. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 15, 2024

Israel is mulling its options after Iran’s first ever attack on Israeli territory over the weekend, using more than 300 missiles and drones. G-7 nations and the UN Security Council condemn the attack, seeking to diffuse tensions and avert any regional escalation. German Chancellor Olaf Scholz lands in Chongqing, China with a delegation of CEOs looking to shore up economic relations with Berlin’s biggest trading partner. Samsung overtakes Apple to become the largest smart phone maker after iPhone sales falter in the first quarter. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 12, 2024

U.S. producer prices come in soft, rising just 0.2 per cent and alleviate some jitters about persistent inflation. The Nasdaq posts a new fresh high with Apple leading the way. The iPhone maker enjoys its best day in nearly a year while Amazon hits a new record high. Shares at Morgan Stanley plunge after reports that the bank’s wealth management arm is under investigation by multiple regulators. German industrial titan ThyssenKrupp warns it may cut steel production by up to 20 per cent with job cuts also looming at a key plant. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 11, 2024

U.S. equities sell off and futures dip as traders scale back expectations for a June rate cut on the back of hotter-than-expected inflation - now eyeing a first move in September. Chinese deflationary pressures point to the potential for more government stimulus, as CPI cools more than expected, and producer prices slide. The Swiss government strengthens its rules for the country's banking sector as it looks to prevent another collapse of banks that are “too big to fail”. And, the ECB gets set for its latest rate decision, with investors eyeing signs of divergence from the Fed. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 10, 2024

Fitch downgrades its outlook on China to negative from stable, citing increasing risks to the country's public finances. Global equities oscillate as investors brace for today's key U.S. inflation print, looking for clues on the Fed's next move. The FAA also launches an investigation into Boeing's whistleblower claims, piling more pressure on the plane maker as jet deliveries more than halve. And, Accor CEO Sébastien Bazin tells CNBC the Paris Olympics is an opportunity for France to refresh its image for an international audience. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 9, 2024

US Treasury yields hit four-month highs as traders look ahead to Wednesday’s inflation print, while JP Morgan CEO Jamie Dimon warns inflation may prove more stubborn than expected. A subsidy war is also heating up as the White House awards chip giant TSMC over $6 billion in grants, with Samsung reportedly set to get a similar deal. Meanwhile, Ether prices post their biggest jump in more than a month over speculation the cryptocurrency could see ETF applications approved soon. And, prices of gold hit another all-time high, the 15th record close this year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 8, 2024

The US jobs report beats expectations, sending equities higher and tempering expectations the Fed will start easing in June. Meanwhile, the UBS CEO Sergio Ermotti calls on Europe to create more competitive banks, telling CNBC at the Ambrosetti Forum the integration of Credit Suisse is a case study for the continent. US Treasury Secretary Janet Yellen threads the diplomatic needle as she urges China to rein in excess capacity, but China's commerce minister pushes back at accusations of overcapacity during a visit to Europe, rebutting claims the country's EV industry has benefited from unfair subsidies. And, Europe's largest travel group Tui gets set to ring the opening bell in Frankfurt, upgrading to the Prime Standard market after ditching its London listing. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 5, 2024

The Dow sees its worst day in over a year and eyes its worst week in more than a year, as Minneapolis Fed President Neel Kashkari raises the possibility of no rate cuts this year. The U.S. jobs report comes into view with markets expecting payroll growth to slide to 200,000 in March. President Biden warns Israel's leader that America's continued support for its war with Hamas depends on the treatment of civilians in Gaza, calling the humanitarian situation "unacceptable". Elsewhere Bob Iger looks to move on from his boardroom battle with activist Nelson Peltz. And Samsung Electronics guides for a more than 10-fold increase in first quarter operating profit amid a rebound in global chip prices. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 4, 2024

In the U.S., ADP data comes in hot but the service sector sees input prices fall to a four-year low. Federal Reserve Chairman Jerome Powell says it is still too early to predict the path of inflation. Disney CEO Bob Iger fends off his boardroom challenge from activist investor Nelson Peltz, ending the multi-million dollar proxy giant. We hear from CEO of French dairy giant Danone Antoine Saint-Affrique who hails the company’s official partnership with the Paris Olympics as well as its support for the farming industry. Greenhorn Capital’s David Einhorn tells our colleagues Stateside that he has a stake in Belgian chemicals company Solvay which has a top 5 position within his portfolio. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 3, 2024

U.S. Treasury yields maintain a near fourth-month high while the S&P 500 suffers its worst session since early March as inflation fears persist. San Francisco Fed Chair Mary Daly says rate cuts this year are a ‘projection not a promise’. Taiwan is hit by a magnitude 7.4 earthquake, killing at least four and injuring dozens more in the eastern city of Hualien. Disney has reportedly secured enough votes to defeat activist investor Nelson Peltz’s challenge to its board. The results will be unveiled at the company’s AGM later today. Tesla shares slump, losing around $13bn in market cap valuation as deliveries decline for the first time in almost 4 years. And according to a poll conducted by Survey Monkey for CNBC, almost half of all adults around the world are stressed by their personal financial security with inflation the key concern. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Apr 2, 2024

U.S. Treasury yields rise following better-than expected manufacturing data with odds of a June rate cut slightly slipping. In the UK shop price inflation falls below 2 per cent for the first time in two years, according to the British Retail Consortium. Iran accuses Israel of bombing its consulate in Syria with several senior Revolutionary Guard commanders killed. Tehran has vowed a “harsh” response. In Asia, Xiaomi shares are up boosting the Hang Seng after the tech giant enters the EV sector. This, as BYD sells 300k units in March. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 28, 2024

Wall Street hits another record high ahead of crucial inflation data. But Federal Reserve Governor Christopher Waller says he still requires several more months of data to gather the confidence to move to cut interest rates. UBS takes a hit of more than $1bn to its 2023 net profit after cutting the negative goodwill from its rescue of Credit Suisse. The lender now admits it may not be able to realise all its expected gains. Outgoing Dutch Prime Minister Mark Rutte has sought to calm tensions following an important trade bilateral meeting in Beijing. Rutte told President Xi Jinping that chip restrictions with companies such as ASML, are not country-specific. In currency news, the yen is at nearly its lowest level against the dollar since 1990. Markets are carefully watching for any BoJ intervention following an emergency meeting in Tokyo. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 27, 2024

Chinese President Xi Jinping meets with Western executives in Beijing as his country increases efforts to attract FDI at the Bo’ao Forum on Hainan island. However, China also takes up a dispute with the U.S. at the WTO, claiming its EV sector is discriminated against, despite BYD having overtaken Tesla in sales. The yen falls to a 34-year low against the greenback, prompting Japan’s finance minister to warn the government could take ‘decisive steps’ once more to stem the currency’s slide. In Baltimore, MD, the search and rescue efforts to find further victims of yesterday’s catastrophic collapse of the city’s Francis Ford Key bridge now go into recovery mode. President Biden has promised “to move heaven and Earth” to rebuild and reopen the bridge and Baltimore’s port. Shares of Trump Media surge up to 50 per cent after going public in New York which could provide the embattled former President with a vast war chest as election season heats up. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 26, 2024

Boeing CEO Dave Calhoun is to step down at the end of the year as the plane maker scrambles to repair its safety reputation. This week’s upcoming U.S. inflation print pushes Wall Street lower after Fed officials unite to dampen expectations of an early rate cut. The UNSC passes a vote calling for an immediate ceasefire in Gaza and the release of all Israeli hostages with the U.S. notably abstaining. In tech news, Brussels begins its first investigation under the Digital Markets Act, with Meta, Apple and Alphabet targeted over potential anti-competitive market behaviour. And Adam Neumann has reportedly raised $500m to launch a WeWork comeback, attempting to buy the co-office space provider out of bankruptcy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 25, 2024

The Dow and the S&P 500 record their best week of the year so far as investors applaud signs that major central banks are on track to begin slashing interest rates. Russia observes a day of mourning and four suspects are charged following Friday’s Moscow concert hall massacre and fire. At least 137 are now known to have been killed. IMF Managing Director Kristalina Georgieva says the Chinese economy is facing ‘a fork in the road’ as policy makers and CEOs attend Beijing’s premiere business conference. German business morale ticks up slightly. We hear from the boss of KFW, Stefan Wintels, who says the German economy is once again regaining its confidence. And in autos news, Nissan is to launch its new business plan amid growing competition in the EV sector. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 22, 2024

Wall Street hits record highs thanks to strong tech stocks but the rally fails to materialise elsewhere with the Hang Seng leading declines in Asia. Shares in social media company Reddit rise almost 50 per cent following its NYSE listing, giving it a market cap of almost $10bn. Airbus snags orders for 65 planes from two of Boeing’s key Asian clients but the plane maker’s CFO Thomas Toepfer tells CNBC he hopes the rival’s safety issues are resolved soon. Apple shares are down 4 per cent after the DoJ hits the company with a landmark anti-trust lawsuit, claiming it monopolises the smart phone market. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 21, 2024

The U.S. Federal Reserve holds interest rates steady, as expected, and signals plans for multiple cuts before the end of the year. Wall Street rallies to new records, while the positive sentiment extends into Asia and the Nikkei notches its own high. Meanwhile the U.S. Department of Justice reportedly plans to sue Apple as soon as today, accusing it of blocking rivals from accessing iPhone hardware and software - just days after the EU issues its own antitrust fine. And, Reddit prices are at the top of the range as the social media platform prepares to IPO in New York. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 20, 2024

There's a fresh record for the S&P 500, while the Dow sees its best day in almost a month, as Wall Street counts down to the all-important Fed decision and an updated dot plot. U.S. Defense Secretary Lloyd Austin warns Ukraine's survival is in danger amid a funding impasse in Congress, as Poland's foreign minister calls on America to act. Elsewhere, Kering issues a profit warning, with the luxury giant saying an almost 20 percent plunge in Gucci sales will drag on group revenues. And Nvidia CEO Jensen Huang tells CNBC the company is just at the beginning of an 'AI computing ramp' that he expects to last years. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 19, 2024

An historic shift from the Bank of Japan - ending the world's last negative rates regime with its first hike in 17 years, while also abolishing its yield curve control policy. The Yen extends declines, hitting 150 against the dollar, while the Nikkei edges higher as investors embrace a new era for Japanese central bank policy. Polish President Andrzej Duda calls on NATO allies to ramp up defence spending, telling CNBC exclusively there is limited time to prepare for another potential Russian attack. And Nvidia turns up the AI heat, unveiling its highly anticipated "Blackwell" chip as it looks to extend its lead in artificial intelligence computing. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 18, 2024

Mar 15, 2024

U.S. producer prices have come in higher than predicted causing minor declines on Wall Street with Treasury yields pushing up too. The ECB chief economist Philip Lane tells CNBC that the central bank should take its time in deciding on rate cuts and earmarks June as a potential live meeting. Germany’s largest real estate company Vonovia posts a record full-year loss of €7bn with the CEO describing the fall in valuations as “the worst we have ever seen”. Former U.S. Treasury Secretary Steven Mnuchin tells our colleagues Stateside that he is creating an investor group to purchase the Chinese social media giant TikTok as legislation threatening the app’s American presence winds its way through Congress. We also hear from the CEO of Qatar Airways who says he is open to expanding his fleet through either Airbus or Boeing, stressing he has no safety concerns about the U.S. plane maker. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 14, 2024

The S&P 500 record run in the green stalls after Apple and Nvidia post 1 per cent declines. Tesla faces numerous valuation cuts with Wells Fargo calling the EV maker “a growth company with no growth”. Share have tumbled more than 4 per cent. We hear from HSBC Group CFO, Georges Elhedery, who predicts a U.S. soft-landing in H2 and says a lower rate environment will not have an impact on his company’s revenue guidance. The ECB outlines plans to incentivise inter-bank lending and to reduce its presence in financial markets. And in Washington, the U.S. House of Representatives votes overwhelmingly in favour of banning the Chinese social media app Tik Tok. The bill will now pass through the Senate. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 13, 2024

Inflation in the U.S. unexpectedly ticks higher in February, potentially lengthening the Fed’s path back to lower rates. However, U.S. and European equities hit new highs as investors stick with their June Fed rate cut predictions. In politics, President Joe Biden and former President Donald Trump have both won enough primary delegates to become their parties’ presumptive nominees in November’s presidential election, according to NBC News. In Japan, major companies commit to fully meet union demands for pay hikes, strengthening speculation the Bank of Japan could exit negative rates next week. Boeing suffers a plethora of quality control problems with its top clients complaining of delivery delays, cancelled flights as well as hiring freezes at the U.S. plane maker. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 12, 2024

Former U.S. President slams both China and the EU, telling our colleagues Stateside that America is being taken advantage of economically. JPMorgan boss Jamie Dimon urges the Federal Reserve to act cautiously on rate cuts, arguing that a U.S. recession is still a possibility as President Biden unveils his budget for 2025, which proposes higher taxes, spending and debt. BoJ governor Kazuo Ueda has dampened optimism about the state of the Japanese economy ahead of a key meeting which could see the central bank raise rates out of negative territory for the first time since 2016 as the 10-year JGB reaches a three-month high. Chinese smartphone maker Xiaomi is to launch its first ever EV, helping to push shares up on the Hang Seng. GOP House leaders move against social media giant TikTok with a bill that could require its parent company ByteDance to either sell the platform or be liable to a fine in the U.S. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 11, 2024

The Nikkei tumbles, posting its worst day in the more than a year on speculation the BoJ will finally raise rates, helping the yen while hurting exports. In China, sticker prices rise for the first time since lates summer but manufacturing price deflation continues to drag. New Delhi agrees to signs a $100bn free trade deal with the European EFTA bloc, ahead of a spring general election. And in energy news, Saudi Aramco sees FY profit fall by up to 25 per cent but its still manages to posts its second-highest net income ever while increasing its dividend. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 8, 2024

There’s a new record high for the S&P 500 index – its 16th this year. In a testimony to the Senate, U.S. Federal Reserve Chairman Jerome Powell said the central bank was gaining the confidence it needs to cut rates. In Frankfurt, the ECB keeps rates on hold but signals a mid-year cut with President Christine Lagarde calling for more data by June. President Biden lashes out at former President Donald Trump during his third State of the Union address. Biden called on Congress to stand up to Russia’s Vladimir Putin. Humanitarian assistance to Gaza and the southern border crisis were also featured high on the agenda. Danish drug maker Novo Nordisk overtakes Tesla in market cap valuation, unveiling new trial data as well as plans to sell WeGovy in China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 7, 2024

U.S. Federal Reserve Chairman Jerome Powell reiterates to the House Financial Services Committee that the central bank is not yet ready to begin slashing interest rates. Powell said he required more data to be confident inflation would continue falling before dialling back on restrictive policy. Chinese trade numbers beat expectations for the first two months of 2024. Foreign Minster Wang Yi has hit out at ‘lengthening’ U.S. economic restrictions on his country. In Frankfurt, the ECB is expected to keep rates on hold for a fourth consecutive month while in the UK, Chancellor of the Exchequer Jeremy Hunt cuts National Insurance contributions by a further 2 per cent. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 6, 2024

Former U.S. President Donald Trump dominates the GOP Super Tuesday races. NBC News projects he has won almost all of the 15 states voting in the primary contest. Wall Street stumbles for a second straight day with tech stocks weighing. The Dow is down ahead of Federal reserve Chairman Jerome Powell’s testimony on Capitol Hill. We are live in Westminster ahead of Chancellor Jeremy Hunt’s UK budget later today. Personal tax cuts set to top the agenda. And in IPO news, Swiss-American dermatology company Galderma plans to list in Zurich, aiming to raise $2.3bn. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 5, 2024

We are live in Beijing at China’s annual parliamentary session where the country has set a growth target of ‘around 5 per cent’ for 2024. Premier Li Qiang has sought to diffuse economic tensions but warned of a tricky path ahead. Tesla sees Chinese sales fall to the their lowest level since December 2022, with increased domestic competition as well as a slowdown in demand weighing on the EV maker. Brussels has slapped Apple with a €1.8bn fine for alleged abuse of its market position within the music-streaming space. And in the U.S., the Supreme Court has ruled that individual states cannot remove former President Donald Trump from the ballot for his alleged involvement in the January 6th 2021 storming of the U.S. Capitol. Delegates in 15 states are due to vote for presidential nominees this Super Tuesday. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 4, 2024

China hosts its annual legislative sessions with an aim to deepening economic reform. Beijing is grappling with the four issues of deflation, demographics, debt and de-risking. In Japan, the Nikkei 225 hits the 40,000-point level for the first time on the back of strong tech stock performance. Stateside, the Nasdaq, Dow and S&P 500 also hit fresh highs. Hamas delegates are in Egypt hoping to negotiate a Ramadan truce in Gaza. U.S. Vice-President Kamala Harris calls out Israel over the humanitarian situation in the territory. Saudi Arabia has decided to extend its voluntary oil supply cut until the end of Q2. Russia performs its own cuts as Opec+ nations attempt to steady the market. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Mar 1, 2024

The recent optimism around A.I. helps push the Nasdaq to its first record high in more than 2 years. The Dow and S&P 500 also mark their best start to the year since 2019. Consumer prices Stateside are their slowest rate of increase in six years, raising hopes of a June rate cut. In banking news, shares of NY Community Bancorp plunge by 20 per cent in extended trade on the news that the lender has removed its CEO due to internal control matters. Chinese manufacturing activity is down for a fifth-straight month ahead of next week’s annual legislative meetings where broader policy moves may be on the agenda. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 29, 2024

U.S. markets are set to notch their fourth monthly gain but investors turn wary on tech stocks ahead of today’s inflation data. There is a tentative deal on Capitol Hill as lawmakers scramble to avert a government shutdown. Long-serving Senate Republican leader Mitch McConnell has announced he will be stepping down from his position after the U.S. election this November. Chinese equities rebound sharply despite recent volatility with the Shanghai Composite is now on track for its best month since November 2022. In tech news, Apple has teased it will be making a major A.I.-related funding announcement later this year. And luxury Italian fashion house Moncler posts a 17 per cent revenue spike due to a strong performance in China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 28, 2024

Global markets toe the line ahead of key inflation data coming out of the U.S. The recent troubles experienced by Boeing have sent U.S. durable goods orders to their steepest monthly fall since April 2020. In U.S. politics, President Biden wins the Democratic primary in Michigan while former President Donald Trump easily notches his fifth state victory ahead of Super Tuesday. Following President Macron’s comments about potential NATO boots on the ground in Ukraine, Western leaders push back but speaking to CNBC, former Ukrainian president Petro Poroshenko urges unity and strength in the face of Putin’s aggression in his country. In tech news, Apple reportedly ditches plans for its EV to instead focus on its generative A.I. unit. We have continuing coverage from the Mobile World Congress in Barcelona where Honor enters the high-end smart phone space with its first foldable flip phone. Cisco CEO Chuck Robbins tells CNBC that A.I.’s impact will soon become very visible and transformative. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 27, 2024

JPMorgan Chase CEO Jamie Dimon has played down suggestions that the U.S. economy may still enjoy a soft landing, saying investor optimism is mis-placed. With A.I. dominating the agenda at the Mobile World Congress in Barcelona, we hear from Microsoft President Brad Smith who says the new technology is transformative and here to stay. In Japan, January inflation slowed which affected the BoJ’s 2 per cent target and supported the case for the central bank to end negative interest rates in the coming months. Chinese fast fashion company Shein has signalled it may list in London rather than on Wall Street following increased SEC concerns about the firm in the U.S. In Paris, French President Emmanuel Macron hosts Western leaders, pledging to support Ukraine and also not ruling out the possibility of European boots on the ground. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 27, 2024

Feb 26, 2024

We are live at the Mobile World Congress in Barcelona where A.I. is dominating the agenda. Deutsche Telekom CEO Tim Höttges tells CNBC that Europe is lagging in the digital world. Berkshire Hathaway posts a record 28 per cent jump in Q4 earnings bringing the company’s cash pile to $167bn but CEO Warren Buffett warns that a repeat performance in coming years is not guaranteed. Donald Trump comfortably defeats Nikki Haley in the GOP primary in her home state of South Carolina to cement his lead as the Republican presidential nominee frontrunner. Haley, however, has vowed to fight on. Russia’s invasion of Ukraine drags into a third year as a U.S. Congressional impasse continues to hold up military aid for the country. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 23, 2024

Chip maker Nvidia adds $277bn to its market cap in one session, smashing the previous added value record high and prompting stock market highs across three continents. Asia-focused bank Standard Chartered posts an 18 per cent surge in FY pre-tax profit. It is due to offer a $1bn share buy-back and a large increase to its dividend. Reddit may list in New York in the next few weeks, becoming Wall Street’s first social media IPO since Pinterest in 2019. And the U.S. government is preparing 500 new sanctions against Moscow following the death of opposition activist Alexei Navalny in prison last week. President Joe Biden has met with his family on the eve of the second anniversary of Russia’s invasion of Ukraine. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 22, 2024

Nvidia shares pop in after-hours trade after the chip giant posted a 265 per cent surge in Q4 revenue. CEO Jensen Huang tells CNBC that conditions are ideal to grow the company. As a result the chip sector rallies, pushing Japan’s Nikkei to levels not seen since 1989. The Fed urges caution in cutting rates too early. BofA CEO Brian Moynihan says the central bank should not repeat mistakes of the past. And in autos news, Mercedes-Benz is to launch a share buy-back worth $3bn ahead of results later this morning. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 21, 2024

HSBC shares dip in Hong Kong despite the lender posting a record FY profit. The result was marred by a write-down on its share of Chinese bank BOCOM. HSBC CEO Noel Quinn tells CNBC he is still upbeat on the country’s economy. Chinese indices claw back earlier losses after the market regulator said it would increase supervision while the Shanghai and Shenzhen bourses crack down on a key quant fund. Wall Street suffers a second day of losses after chip giant Nvidia records its worst session since October. The company’s earnings are due later today. And in retail news, French supermarket giant Carrefour announces a 55% dividend hike after seeing record cash flow of €1.6 bn. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 20, 2024

The PBOC makes its biggest ever cut to the country’s benchmark mortgage rate as authorities look to shore up the beleaguered Chinese property sector. In banking news, Capital One strikes a $35bn deal to snap up credit card issuer Discover Financial – the largest acquisition so far this year. German industrial giant Bayer slashes its dividend by 95 per cent to the lowest legal level in a bid to drastically cut costs and alleviate its debt situation. The world largest listed mining company, BHP also reduces its dividend payout following a plunge in H1 net profit as commodity pricing remains rocky. And we are live at the Singapore Air Show where China prepares to unveil its first home-grown passenger aircraft. IATA director-general Willie Walsh tells CNBC the aviation sector is still seeing examples of supply chain concerns. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 19, 2024

We are live at the Munich Security Conference where the death of Alexei Navalny on Friday and dwindling Ukrainian military supplies against Russia have dominated discussions over the weekend. We hear from NATO Secretary General Jens Stoltenberg who says he does not believe a potential Trump administration would abandon the alliance. Russian forces re-take the eastern Ukrainian city of Avdiivka – its first major victory in 9 months. Ukrainian President Volodomyr Zelenskyy says his country is awaiting more military aid from the West. Chinese indices are relatively flat following the week-long Lunar New Year festivities but data shows holiday spending topping pre-pandemic era levels. And in tech news, Apple is to be hit with a €500m anti-trust fine from the EU as part of an investigation whether it restricted apps from providing users with information about cheaper music-streaming subscriptions. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 16, 2024

The S&P 500 achieves a fresh record high for the eleventh time this year – this as U.S. consumer spending in January falls more than expected in what could be an early warning sign for the American economy. In Japan, the Nikkei moves close to levels not seen since 1989. Crypto exchange Coinbase sees shares surge more than 14 per cent in extended trade. CFO Alesia Haas told our colleagues Stateside that Bitcoin ETFs are behind the company’s first quarterly profit in 2 years. And we are live in Bavaria where U.S. Vice-President Kamala Harris ahead of the Munich Security Conference where she will work to assure European allies that Washington will honour its NATO commitments. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 15, 2024

Renault enjoys a FY operating margin on revenue of more than €50bn and is set to hike its dividend. French aviation giant Airbus sees full-year results surging on the back of a record orderbook and is also due to propose a special dividend payout. On Wall Street, the S&P 500 is back up at the 5,000-point mark as chip maker Nvidia briefly overtook Alphabet on market cap value. Meanwhile Berkshire Hathaway pares back its Apple stock and ramps up investment in Chevron. The company has sought confidentiality from regulators to keep its stock purchases secret in its latest 13-F filings. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 14, 2024

U.S. inflation for January disappointed, coming in at more than 3 per cent on an annual basis dashing any hopes of an imminent Federal Reserve rate cut. The markets reacted with the Dow posting its worst session since last March and Treasury yields spiked. DoubleLine CEO Jeffrey Gundlach told our colleagues Stateside that markets had vastly overestimated this year’s rate path. Ride-hailing app Lyft sees shares soar by 60 per cent in extended trade but then paring back sharply after management admitted to an accidental extra ‘zero’ to its margin growth number. And in tech news, Nvidia overtakes Amazon in terms of market cap valuation on the back of the A.I. boom. The chip giant now has Alphabet in its sights which would make it the third-largest firm on Wall Street. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 13, 2024

The Dow hits a new record ahead of today’s inflation report Stateside. The CPI growth has been seen below 3 per cent, which would be a first in three years. The CEO of Abu Dhabi’s SWF Mubadala, Khaldoon Al Mubarak, tells CNBC that the U.S. remains an attractive investment destination. ARM shares are up by almost 30 per cent, extending the post-earnings rally, which boosts one of its primary stakeholders Softbank in Japan. We also hear from Aston Martin Lagonda chairman Lawrence Stroll who dismissed suggestions that the sports car maker will require new funding to deliver its goals. And in political news, EU foreign chief, Josep Borrell, says that NATO cannot be an a la carte alliance, following former U.S. President Donald Trump’s funding comments while German Chancellor Olaf Scholz said he believed America would honour its commitments to the bloc. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 12, 2024

Wall Street posts its fifth-straight week in the green with the S&P 500 breaching the 5,000-point mark for the first time. We hear exclusively from IMF managing director Kristalina Georgieva who warns about the need for China to introduce economic reforms and stabilise its property sector. NATO leaders baulk at comments made by former President Donald Trump saying he would not support allies who did not honour defence spending commitments in the face of an attack by Russia. Italian luxury fashion brand Tod’s has announced it will delist from the Milan stock exchange and go private in a deal with LVMH-backed PE group L-Catterton, valued at approximately €1.4bn. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 9, 2024

The S&P 500 posts its ninth record session this year, briefly breaching the 5,000-point milestone. Similarly in Asia, the Nikkei hits 37k for the first time in 34 years before pulling back while Hong Kong equities are in the red at the start of the Lunar New Year. Disappointing sales for L’Oréal as northern Asian markets slump, with the French cosmetics posting a miss on sales and profits. In the U.S., President Biden dodges a Special Counsel report about his handling of classified documents and berates reporters for questioning his mental acuity. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 8, 2024

German engineering giant Siemens posts a 56 per cent rise in Q net income and boasts an order book of more than €22bn. CEO Roland Busch says the China market remains a concern. Shares in chip maker ARM are up 40 per cent in after-hours trade after the firm hiked guidance on strong A.I. demand. ARM’s major shareholder Softbank also posts a $16bn gain in earnings. Disney hikes its forecast and announces its foray into gaming, investing $1.2bn in Fortnite maker Epic Games. In China, producer prices fall for a sixteenth consecutive month while consumer prices have their steepest fall since 2009. On Wall Street, the S&P 500 records another record high – just five points shy of the 5,000-mark. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 7, 2024

Moody’s cuts its rating on New York Community Bankcorp to junk status, causing its shares to nose-dive to their lowest level since 1997. However, the U.S. regional lender remains adamant, saying ‘ample’ liquidity of more than $37bn. Snap shares fall by more than 30 per cent in extended trade after missing earnings expectations in the fourth quarter. The company says that the Middle East turmoil is creating headwinds. Siemens Energy confirms its outlook after posting a 24 per cent jump in orders. It said it would remain focused on rectifying problems with its offshore wind business, Gamesa. In Italy, a controversial capital markets reform bill is sent to the Senate after the Chamber of Deputies approves measures to attract more listings in the country. And in aviation news, Boeing admits it must perform better after an initial NTSB report said four key bolts were missing from the plug door of an Alaska Airlines 737 Max which blew out mid-air. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 6, 2024

UBS posts a better-than-expected Q4 net loss of $279m. U.S. markets are in the red as the 2-years Treasury yield reaches a one-month high as strong services numbers pushes back expectations of an early Fed rate cut. In China, authorities move to mitigate a slump in the stock market helping both the Hong Kong and Shenzhen indices up. In pharma news, Novartis buys up cancer treatment firm MorphoSys while Novo Nordisk snaps up a key manufacturing sub-contractor for its obesity drug WeGovy. BoE chief economist Huw Pill says it is a matter of when, not if, the central bank moves to cut rates after retail sales slow in January. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 5, 2024

Money markets temper expectations for a March cut after Fed Chair Jerome Powell warns of moving too fast too soon - saying he wants to see more data to confirm that inflation is headed down to 2%. U.S. yields jump following a stellar payrolls report, as hiring hits 353,000 in January - nearly twice the forecast. The wild ride in Chinese stocks stretches into a new week, with the Shanghai Composite hitting a fresh 52-week low despite efforts from regulators to calm the situation. And The U.S. launches more strikes against Iran-backed groups in the Middle East in retaliation for an attack on a base in Jordan, as White House National Security Adviser Jake Sullivan warns this is just the beginning. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 2, 2024

Apple beats on the top and bottom line in Q1 but weakness in China weighs and executives warn of falling iPhone sales. Meta sees its market cap balloon by $140bn after shares soared in after-hours trading following strong quarterly results. The tech giant also unveiled its inaugural dividend payout. Amazon posts record Q4 operating income following cost-cutting measures. Its cloud service AWS grew revenue by 13 per cent. BoE Governor Andrew Bailey suggests that markets could be correct in predicting the rate cut timeline after the central bank kept rates steady in the first three-way split since 2008. And in the U.S., the Dow enjoys its best week since mid-December as investors anticipate today’s non-farm payroll data. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Feb 1, 2024

U.S. Federal Reserve Chairman Jerome Powell dampens investor hopes of a much-anticipated rate cut in March with the S&P 500 suffering its worst session since September. French lender BNP Paribas disappoints, posting a Q4 profit of just over €1bn on higher provisions. The bank also pares back its profitability targets. In retail, Adidas predicts profits will almost double in 2024 to €500m following the sportswear titan’s controversial split with rapper Kanye West. And we hear from a slew of European CEOs today with Q4 corporate earnings in full swing. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 31, 2024

Disappointing advertising revenues push Alphabet shares into the red in extended trade despite the tech giant posting its fastest quarter for revenue growth since early 2022. Microsoft beats on the top and bottom line, enjoying its highest profit growth in more than two years but guidance for the current quarter is lukewarm. In the U.S., a Delaware judge rules against Tesla CEO Elon Musk’s $56bn pay package calling it ‘deeply flawed’, arguing that the board of directors had failed to prove it was fair. Shares in the EV maker slid around 3 per cent in extended trade. Chinese factory activity suffers its fourth straight month of contraction but the IMF’s Chief Economist Pierre-Olivier Gourinchas tells CNBC the country is exhibiting some signs of resilience. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 30, 2024

Both the Dow and S&P 500 notch their sixth record session for the year as the U.S. Treasury slashes its Q1 borrowing guidance. Investors Stateside are now anticipating mega-cap tech earnings. In Hong Kong, tech and property firms drag stocks lower. Asian indices bar Japan are set to now break a two-month winning run. Car giant Renault cancels plans to list its EV unit due to poor market conditions and slowing uptake throughout Europe. Gambling giant Flutter debuts on the NYSE and now plans to make Wall Street its home in what appears to be yet another blow to the LSE. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 29, 2024

Asia markets are in the green following a record close for the Dow on the back of personal consumption expenditure falling below 3 per cent for the first time in almost three years. Share of Chinese property giant Evergrande are stopped from trading after a the Hong Kong High Court orders the liquidation of the developer. Swiss building materials firm Holcim is to spin off and list its North American arm on Wall Street with a target valuation pf $30bn. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 26, 2024

French luxury giant LVMH smashes expectations to post almost $24bn in Q4 sales on rebounding Chinese demand. CEO Bernard Arnault has urged the need to focus on quality over quantity. On Wall Street the S&P 500 hits a record high to close in the green for a fifth consecutive session while the Dow also scores a new record peak on the back of stronger-than-expected economic growth Stateside. Tesla shares sink the most in a year with the EV maker seeing $80bn wiped off its valuation as demand weakens. And in tech news, Intel also sees a fall in its share price in extended trade as poor demand for data centre chips affect Q1 guidance. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 25, 2024

Tesla earnings disappoint, sliding by 40 per cent in Q4. The EV maker has warned of weaker sales throughout 2024. Meanwhile, streaming giant Netflix sees shares hit double digits, helping the Nasdaq along with 34 points as new subscribers topped 13 million for the quarter. In aviation news, the FAA has limited production of Boeing 737 Max 9 jets but has approved existing craft for service with the first planes expected to fly from tomorrow. And we are counting down to the ECB’s first rate decision of 2024 where investors expect a ‘hold’ and more guidance on the future path of cuts. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 24, 2024

Netflix shares are up in extended trade as the streaming giant boosts subscriber numbers and revenue beats expectations. The company has also inked a $5bn deal to stream live WWE. Former U.S. President Donald Trump secures victory in the New Hampshire primary over Nikki Haley who has refused to bow out of the race to become GOP presidential nominee. The contest will now move to Haley’s home state of South Carolina in late February. German software titan SAP announces a €2bn streamlining project which could affect up to 8,000 jobs in order to focus more directly on A.I. ambitions. In Ankara, the Turkish parliament finally ratifies Sweden’s NATO membership bid with Hungary’s approval now the remaining obstacle. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 23, 2024

The Dow hits a record 38,000 points for the first time as major U.S. indices finish in the green for a second consecutive session ahead of a number of corporate earnings this week. The Nikkei follows suit in Japan – its highest level since 1990 - after the BoJ maintains its ultra-loose monetary policy. It has, however, cut its FY 2024 guidance. Israel has offered a two-month ceasefire with Hamas in Gaza in exchange for the release of 130 hostages. Hamas has demanded a full Israeli withdrawal from the Strip. And in Hong Kong, shares are surging after Chinese authorities consider a trillion-yuan rescue package for the country’s declining stock market. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 22, 2024

U.S. markets are in the green with the S&P 500 surging to a new record high on the back of positive consumer data. In U.S. politics, Florida governor Ron DeSantis bows out of the race to become the GOP presidential candidate two days before the New Hampshire primary, endorsing former president Donald Trump. Former UN ambassador Nikki Haley is now Trump’s sole challenger for the nomination. United Airlines cancels all flights using Boeing’s troubled 737 Max 9 model. Meanwhile, the FAA has urged all carriers to carry out door plug checks on yet another Boeing model – the 900ER. And in Europe, cities across Germany see a second week of mass protest against an AfD ‘re-migration’ policy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 19, 2024

We are live in Davos where Ukrainian foreign minister Dmytro Kuleba tells CNBC he feels reassured by the Biden administration’s commitment to military aid for his country and that the tone of discussions remains constant. U.S. jobless claims hit a 16-month low while U.S. Tech stocks fuel a rebound on Wall Street. The Dow and the S&P 500, however, are set for their second negative week in three. In the Red Sea, Houthi rebels hit a U.S. owned commercial vessel just hours after President Joe Boden talks down the effectiveness of strikes on Yemen. KSA finance minister Mohammed Al-Jadaan tells this channel his country is desperate to de-escalate tensions in the region. Former BoE governor Mark Carney claims that whatever the result of the U.S. elections this November, the President will be faced with a rapidly transforming energy and intelligence scenario. In Washington, U.S. lawmakers manage to avert a partial government shutdown until March passing a stop-gap bill. And in M&A news, online community site Reddit is reportedly eyeing an IPO in early March, putting up to 10 per cent of its stock for sale. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 18, 2024

European equities react negatively following hawkish comments from ECB President Christine Lagarde who warns not to expect interest rate cuts until the summer. In Davos we hear from outgoing Dutch Prime Minister Mark Rutte who says centrist parties in Europe must be clearer on tough issues in the face of populist party challenges. We also speak to UK Shadow Chancellor Rachel Reeves who is positioning Labour as a pro-business party, with no plans to increase income tax. French President Emmanuel Macron issues a rallying cry for the EU project but bemoans the bloc’s fragmentation. Tech giant Apple will remove a blood oxygen feature from Apple watches after an appeals court reinstates a U.S. sales ban following an I.P. dispute with med-tech firm Masimo. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 17, 2024

China manages to attain its FY GDP targets, however its weak property sector and a fourth quarter miss drags on Asian equities. In Davos, we hear from Polish President Andrzej Duda who says he is not surprised that Ukraine refuses face-to-face talks with Moscow and warns military spending must increase in order to ward off Russian aggression in Europe. The U.S. launches fresh strikes on Houthi rebels in Yemen while the Iranian foreign minister tells CNBC that America is the root cause of the current tensions in the Middle East and Red Sea. Google CEO Ruth Porat says A.I. is the ‘great equaliser’, with the potential to help both the developed and developing world in areas of healthcare and food security. The U.S. 10-year Treasury yield tops 4 per cent after the Fed’s Christopher Waller calls for a more cautious approach to rate cuts later this year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 16, 2024

Former U.S. President Donald Trump wins a resounding victory in the Iowa caucus, solidifying his position as the GOP presidential frontrunner. Florida governor Ron DeSantis pips Nikki Haley to second place while Vivek Ramaswamy bows out of the race. We are live in Davos at the World Economic Forum where ECB board member Robert Holzmann tells CNBC exclusively that the central bank may not cut interest rates at all this year. Holzmann warned those expecting cuts may be ‘deeply disappointed’. Meanwhile, IMF managing director Kristalina Georgieva says she expects a soft landing for the global economy but that central banks are still exposed to risk this year. In the Gulf of Aden, Houthi rebels hit a U.S. owned commercial ship following last week’s U.S. and UK airstrikes. And in Hong Kong, the Hang Seng leads declines while the Dow is likely to open 100 points lower following the MLK Day long weekend. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 15, 2024

Taiwan’s incumbent Democratic Progressive Party win a historic third term in office with incoming president Lai Ching-te resisting pressure for reunification with China. The Nikkei rallies to breach 36,000 points for the first time in almost 34 years while Wall Street posts its tenth week in the green out of eleven. U.S. banks kick off earnings season. JPMorgan and Bank of America both see a drop in profits while Citi also posts losses for the quarter. Former U.S. president Donald Trump leads GOP rival Nikki Haley by 28 points in the final NBC poll ahead of today’s Iowa caucus. And we are live in Davos, Switzerland where Ukraine peace talks have ended with scant progress, with the Russian contingent once again absent. We hear from the Ukrainian president’s chief of staff, Andriy Yermak, who says the current administration will never accept a frozen conflict. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 12, 2024

Crude prices surge following U.S. and UK strikes on Houthis targets in western Yemen in response to continued attacks on commercial vessels in the Red Sea. In the U.S., CPI data comes in higher than expected. The Dow reaches a new intra-day high before closing the session flat. Chinese export data is up by more than expected for December but deflationary pressures persist with consumer prices falling for their longest streak since 2009. Airbus maintains its lead over Boeing for the fifth straight year. CEO Christian Scherer hails the ‘remarkable’ demand for its planes. And we are live in Taipei ahead of Saturday’s presidential election which is seen as pivotal in shaping Chinese-Western relations. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 11, 2024

It’s a monumental day for crypto with the SEC finally approving spot Bitcoin ETFs. Up to 11 funds are due to start trading as soon as today. Speaking to CNBC, Ark Invest President Tom Staudt says the asset class will now have a far greater reach among investors. U.S. markets are in the green with the Dow recording its fourth positive session in five ahead of today’s inflation data. Asian equities ride the green wave with Hong Kong’s Hang Seng leading the charge. The Nikkei 225 breaches the 35,000 level for the first time since 1990. In aviation news, Alaska Airlines and United cancel further flights following last week’s 737 Max 9 blow-out incident. Boeing CEO Dave Calhoun tells our colleagues stateside that the investigation will be pivotal. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 10, 2024

The Dow snaps a three-day winning streak despite chip maker Nvidia hitting a new all-time record. In Asia, Japan’s Nikkei 225 breaches the 34,000-point mark for the first time in 34 years. The SEC deletes a post on X which claimed crypto ETFs had been approved, with Bitcoin seesawing as a result. The World Bank says global growth is on track for its slowest half-decade in 30 years. Its Deputy Chief Economist Ayhan Kose tells CNBC that financing conditions around the world will remain ‘restrictive’ for the foreseeable future. In the fall-out from the 737 Max 9 mid-air blow-out, Boeing CEO Dave Calhoun tells staff such an incident can never happen again and acknowledges mistakes had been made by the plane maker. And in France, 34-year-old Gabriel Attal becomes the country’s youngest ever Prime Minister as President Macron seeks to reinvigorate his cabinet. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 9, 2024

Chip giant Nvidia hits an all-time share price high on Wall Street, helping to push the Nasdaq since its best day since November. Boeing shares fall after Alaska Airlines and United both find loose bolts on parts of multiple 737 Max 9 planes. French Prime Minister Elisabeth Borne resigns ahead of an expected cabinet reshuffle by President Emmanuel Macron. In crypto news, Bitcoin breaches $47k for the first time in 21 months as hopes grow of an expected approval of a Bitcoin ETF. In South Korea, weak demand and a worse-than-expected profit slump has forced Samsung to revise its Q4 guidance on, causing shares to slide. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 8, 2024

More than 170 Boeing 737 Max 9 are grounded temporarily by the FAA following an incident on an Alaska Airlines flight which saw a side panel blow off in mid-air. Wall Street records its first week in the red in ten following a stronger-than-expected U.S. jobs report for December. Oil is down after three weeks of gains in the past month as Saudi Arabia cuts crude prices to their lowest levels in more than two years. U.S. Secretary of State Antony Blinken is in the Middle East on what is his fourth visit since the October 7th attacks in Israel. He is due to hold talks with officials in the UAE and Saudi Arabia before heading for Tel Aviv in a bid to ease ‘profound tension’ in the region. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 5, 2024

U.S. equities continue their tough start to 2024 with the Nasdaq on its longest losing run since 2022. Private hiring in the U.S. is up for December with wage growth slowing ahead of today’s NFP data. The ADP’s chief economist Nela Richardson tells CNBC this trend is set to continue. Exxon says it will take a $2.6bn write-down over idled assets in California while Chevron CEO Michael Wirth tells our colleagues Stateside that oil and gas demand is only set to grow. And in tech news, Apple sees shares nosedive and market cap valuation falling by almost $170bn since the start of the year following Piper Sandler’s downgrade of the company – its second this week. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 4, 2024

The Dow plunges almost 300 points on the back of perceived Fed hesitation with minutes showing uncertainty about rate cuts. Richmond Fed President Thomas Barkin told CNBC colleagues Stateside he will not rule out hikes. Chinese services activity hit a five-month high but this is offset by a poor employment report which has led to calls for more monetary easing. Disney wins the backing of twin hedge funds as it attempts to see off challenges from activist investor Nelson Peltz. Spanish telco Telefonica agrees a deal with unions as it launches a cost-cutting drive affecting up to 20 per cent of its workforce. And in energy news, markets are on edge with oil spiking following a bomb attack in Iran which killed around 100 people. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 3, 2024

The Wall Street Santa rally fizzles out with the Nasdaq posting its worst first trading day since 2016. Apple shares fall after Barclays cuts its rating to ‘underweight’. Shipping giant Maersk halts Red Sea shipping, prolonging its 2-day pause indefinitely following sustained attacks on vessels from Houthi rebels. Lebanon’s Prime Minister accuses Israel of attempting to drag the country into the conflict following the drone assassination of a senior Hamas leader in Beirut. In autos news, Tesla loses out to China’s BYD as the world’s top EV maker in the final three months of 2023. It did however retain its crown for the full year. The bull run continues for Bitcoin, breaking through the $45k mark with optimism seemingly growing for an ETF later this year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Jan 2, 2024

Chinese equities begin 2024 in the red with official manufacturing activity contracting, despite a private survey showing the sector accelerating at its fastest pace in 7 months. At least 30 people have died in western Japan following a 7.6-magnitude earthquake. Many are believed to be trapped in the rubble and thousands of homes are without power. Oil is up after Iran sends a warship to the Red Sea following the sinking of three Houthi rebel boats by the U.S. And in tech news, the Netherlands blocks certain ASML chip exports to China one day after Chinese President Xi Jinping says he is willing to stabilise trade relations with Washington D.C. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 29, 2023

All three major indices keep Wall Street firmly in the green ahead of the final trading day of the year. The Dow pushes higher and the S&P 500 is close to a fresh record high while A.I.-related stocks help to drive the Nasdaq 100 to its best run not seen since 1999. Europe follows suit with double-digit gains. The U.S. state of Maine joins Colorado in barring former President Donald Trump from the its primary ballot. Trump has hit back at the ‘attempted theft of an election’. And new shipping industry data emerges showing 50 per cent of Red Sea container traffic is now re-routing vessels over fears of Houthi rebel attacks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 28, 2023

Wall Street is on course to post an eight-week winning street with the Dow hitting a new closing high and the S&P 500 not far off its own record peak. The NYT sues Microsoft and OpenAI in a billion-dollar suit over copyright infringement. Apple wins a major legal victory after a U.S. appeals court rules to pause a government import ban on two of its watches. The tech giant had been in an intellectual property dispute with medtech firm Masimo. And in the UK, the government has confirmed the spring Budget will happen on March 6th. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 27, 2023

The Wall Street Santa rally extends its eight-week winning streak with bets on a March Fed rate cut boosting stocks. In China, November industrial profits are up by almost 30 per cent for November thanks to a variety of government stimulus measures. However, the numbers are still behind 2022 for the year at this point. In Hong Kong, gaming stocks lead the way as Beijing regulators confirmed they would re-consider draft rules aimed at curbing online play and spending. Oil spikes following a Houthi attack on an MSC United vessel in the Red Sea. The company is now re-routing shipments around southern Africa. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 22, 2023

The U.S. Santa rally is back on but European indices fail to follow suit with UK GDP receiving a downward revision signalling a potential recession next year. Sportswear giants in Europe see declines in early trade following Nike’s revenue forecast cut. The brand has unveiled a $2bn cost-cutting initiative which has knocked 10 per cent from its U.S. share price. Chinese authorities issue new spending and time rewards for online gaming, pulling Hong Kong’s Hang Seng index into the red. U.S. President Joe Biden has joined other American lawmakers in demanding closer scrutiny of Nippon Steel’s proposed $15bn takeover of iconic U.S. Steel. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 21, 2023

The Wall Street Santa rally hits a wall with the Dow and the Nasdaq breaking a nine-day winning streak. The S&P 500 records its worst session since September. In media news, CNBC sources claim Warner Bros./Discovery and Paramount have launched merger talks in what could be a landmark mega-deal to gain market share in the streaming industry. Toyota sees shares nose-dive following a major U.S. recall due to a suspected airbag sensor fault. And we hear from French sports minister Amélie Oudéa-Castéra who says next summer’s Paris Olympics could generate up to €10bn and create 180,000 jobs as the city puts the finishing touches to the world’s biggest sporting event. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 20, 2023

The Santa Rally accelerates with the S&P 500 nearing a new record high and Dow soaring more than 200 points in what was its ninth consecutive session in the green. The U.S. and its allies consider airstrikes against Houthi forces as part of Operation Prosperity Guardian to protect merchant vessels in the Red Sea. Maersk CEO Vincent Clerc tells our colleagues Stateside the security of his crews is paramount. In Europe, new car registrations pick up almost 7 per cent in November with French and Italian data offsetting a slump in Germany. And in logistics news, weak demand prompts Fedex to slash its FY guidance, causing the share price to tumble. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 19, 2023

In Asia, equities are in the green with the Nikkei leading the way at the close but the Japanese yen dips as the BoJ is to maintain its ultra-loose monetary policy with no hint of when it will end its negative rate strategy. The Dow and the Nasdaq close narrowly up for the eighth straight session following more dovish predictions about 2024 rate cuts. Chicago Fed President Austan Goolsbee says he is perplexed by market reactions. In the Red Sea, the U.S. spearheads an international maritime operation to protect merchant shipping lanes from drone and missile attacks by Iranian proxies. BP has announced it will be rerouting its tankers in the region. In banking news, activist investor Cevian reveals a €1.2bn stake in Swiss lender UBS following its rescue of Credit Suisse in March. And Apple is scrambling to resolve an IP dispute with a medical technology firm which is holding up U.S. sales of its watches, less than a week before Christmas. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 18, 2023

It’s a seventh consecutive week in the green for Wall Street as rate cut optimism continues to grow. However, New York Fed President John Williams tells CNBC that markets should not be too hasty. Shipping titans MSC, Maersk and Hapag-Lloyd say they will stop travelling through the Suez Canal following a spate of attacks on cargo ships in the Red Sea. Germany, France and the UK have called for a ceasefire in Gaza after three Israeli hostages were killed over the weekend. Chinese AI firm SenseTime shares hit a record low following reports its founder has been found dead. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 15, 2023

We are live in Brussels where EU leaders have failed to agree on renewed aid to Ukraine following stiff opposition from Hungary. However, the bloc has confirmed accession talks with Kyiv are to go ahead. Wall Street and European indices remain in the green but lose some momentum following this week’s Fed rate decision. Asian markets, however, push higher led by the Hang Seng. In China, manufacturing output surges in November but the retail sales disappoint. European central banks remain hawkish, rejecting market hopes of a New Year pivot towards rates cuts. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 14, 2023

The U.S. Federal Reserve indicates that it will cut interest rates by 75bps next year, triggering a Wall Street rally where the Dow closed above the 37,000-point mark for the first time ever. Resultantly, the 10-year Treasury yield sinks below 4 per cent for the first time in 4 months. Doubleline Capital CEO Jeffery Gundlach tells our colleagues Stateside to brace for market volatility next year. There are rate decisions due from the SNB, ECB, BoE and Norges Bank later today as Deutsche Bank board member Alex von zur Muhlen telling CNBC that central bank moves are finally working. We are also live in Brussels where EU leaders are meeting to discuss Ukraine funding and accession amid opposition from Budapest. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 13, 2023

Cop28 negotiators publish a new draft communique which omits any mention of phasing out fossil fuel but have tightened some of the text regarding use of hydrocarbons. The S&P 500 hits its highest level in nearly 2 years. U.S. headline inflation decelerates which has raised investors’ hopes the Fed will pause rate cuts today. Ukrainian President Volodomyr Zelenskyy is in Washington D.C. setting out his case for more U.S. war aid while the country’s deputy prime minister, Olga Stefansishyna tells CNBC she is expecting progress on Kyiv’s bid to join the European Union. And in retail news Walgreens is reportedly looking to spin off its UK Boots franchise with a potential London IPO being under discussion. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 12, 2023

A global Cop28 agreement is on the brink of failure after the draft text removes a call to phase out fossil fuels. Wall Street records a third consecutive day in the green with the S&P 500 shrugging off declines from all of the ‘Magnificent 7’ tech stocks. Ukrainian President Volodomyr Zelenskyy is in Washington for talks with U.S. President Joe Biden and Congressional lawmakers to push for fresh funding in his country’s defence against Russia. Google loses an anti-trust legal case against Epic Games after a federal judge found the tech giant had intentionally imposed barriers against developers in its Android App Store. And in IPO news, Chinese fast fashion brand Shein is reportedly in talks with the LSE regarding a UK listing. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 11, 2023

Wall Street posts its sixth week of gains as the economy grows by a further 200k jobs in November. The Fed is due to hold its last meeting of the year later this week. Chinese consumer prices fall at their fastest pace in three years in November while producer prices fall for the fourteenth consecutive month. EU finance ministers are set to hold an extraordinary meeting before Christmas after failing to agree on reforms to debt and deficit rules. EU lawmakers announce new regulations for the use of artificial intelligence – a first move in the West regarding the emerging technology. And Japanese telco firm Rakuten is to launch its own AI language model. CEO Hiroshi ‘Mickey’ Mikitani tells CNBC his company is well placed to succeed. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Dec 8, 2023

A.I. stocks help the Dow and S&P 500 out of a three-day rut with positive announcements from Amazon and AMD helping Wall Street back into the green ahead of today’s non-farm payroll data. The yen hits a four-month high versus the dollar but the Nikkei is down on comments from the BoJ governor Kazuo Ueda who signalled that the central bank may start to unwind its ultra-loose monetary policy. In energy news, WTI rises above $70 per barrel but crude prices remain on track for their seventh straight week of losses. Saudi Arabia and Russia have urged other Opec nations to join them in deepening supply cuts further. And we are live in Brussels where euro finance ministers are convening. German Finance Minister Christian Lindner tells CNBC he is confident that a resolution to his country’s budget impasse is imminent. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .