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A trusted companion for deep personal study, sermon prep, and devotional reading highlighted in our faith and leadership coverage.
The URNM ETF provides a convenient way to invest in the uranium/nuclear thematic.
President Donald Trump wants to slash regulations and speed up power plant approvals through an overhaul of the Nuclear Regulatory Commission.
Block's robust stock recovery, driven by strong management commentaries and strategic Bitcoin adoption, signals growth potential. Read more on XYZ stock's Buy rating.
SoFi to deliver solid growth in Q2. However, its high valuation is becoming harder to ignore.
NRG Energy (NYSE:NRG) has outperformed the market over the past 5 years by 20.15% on an annualized basis producing an average annual return of 34.14%. Currently, NRG Energy has a market capitalization of $28.47 billion. Buying $100 In NRG: If ...Full story available on Benzinga.com
Mark Coombs, Ashmore Group CEO, joins CNBC's 'Squawk on the Street' to discuss the importance of central bank independence, how dollar weakness is impacting outlooks on the U.S., and more.
Federal utility backs off Tennessee gas plant site after John Rich says he enlisted Trump's help
TOKYO (AP) — Canadian retail chain Alimentation Couche-Tard is dropping its proposal to acquire Seven & i Holdings Co., the Japanese operator of the 7-Eleven convenience store chain, citing frustration in ongoing negotiations that showed “a lack of constructive engagement.”
United States wondered how China had made such progress in the field of microchips. Huawei and Xiaomi are the answer, with massive development. evidencenetwork.caWhat the U.S. Feared Is Coming True: Huawei and Xiaomi Push China’s Chip Empire Beyond Fantasy, Defying All Sanctions MSN
Education Department Investigates Foreign Funding At University Of Michigan After Arrests of Chinese Scholars Authored by Bill Pan via The Epoch Times,The U.S. Department of Education has launched an investigation into the University of Michigan (UM) over concerns about undisclosed or improperly disclosed foreign funding.In a letter sent on July 15, the Education Department’s legal wing gave the university 30 days to hand over more than five years’ worth of records related to foreign donations, foreign research collaboration, international students and scholars, as well as the names and contact details of university officials overseeing those areas.The letter states that since January 2021, UM has submitted foreign funding disclosures totaling approximately $375 million, but with about $86 million of that money reported late, in “possible violation” of federal law mandating institutions to disclose foreign gifts and contracts valued at $250,000 or more each year.“As the recipient of federal research funding, UM has both a moral and legal obligation to be completely transparent about its foreign partnerships,” Chief Investigative Counsel Paul Moore said in a statement on Tuesday.“Unfortunately, tens of millions of dollars in foreign funding in UM’s disclosure reports have been reported in an untimely manner and appear to erroneously identify some of UM’s foreign funders as ‘non-governmental entities’ even though the foreign funders seem to be directly affiliated with foreign governments.”Moore’s letter also cited two recent federal criminal cases involving Chinese nationals affiliated with UM.In one case, a doctoral candidate from Huazhong University of Science and Technology was arrested on June 8 and was charged with smuggling roundworm-related materials into the United States.In a separate case that same month, a doctoral student from Zhejiang University and her boyfriend were accused of smuggling restricted biological materials into the United States. A criminal complaint filed on June 2 alleged that she received funding from the Chinese communist regime to study Fusarium graminearum, a fungus that can cause head blight in crops such as wheat and maize, and is considered a potential agroterrorism agent.The letter points out that UM continues to engage in significant research collaborations with Chinese institutions, such as Tsinghua University, Peking University, Fudan University, and Zhejiang University, noting that they are all “deeply involved in China’s emerging science and technology research efforts directly linked to military programs.”The university did not respond to a request for comment by the time of publication.In response to the initial charges, the University of Michigan issued a statement reaffirming its commitment to fostering research that benefits society while upholding national security.“We strongly condemn any actions that seek to cause harm, threaten national security or undermine the university’s critical public mission,” the university said on June 3.“It is important to note that the university has received no funding from the Chinese government in relation to research conducted by the accused individuals.“We have and will continue to cooperate with federal law enforcement in its ongoing investigation and prosecution.”Earlier this month, UM launched what it calls a “centralized webpage” to share information on research security policies, compliance training, and lab safety protocols. University leadership also pledged to “fully comply with all applicable laws and regulations and take all necessary actions” to safeguard research integrity.In a separate development, UM terminated a 20-year joint research partnership with Shanghai Jiao Tong University in January, following federal charges against five UM students affiliated with the Chinese institution. The students were allegedly caught photographing Northern Strike, a 2023 military training exercise at Camp Grayling in northern Michigan.This decision also came after Rep. John Moolenaar (R-Mich.), who chairs the House Select Committee on the Chinese Communist Party, raised national security concerns about Shanghai Jiao Tong’s close ties to the Chinese military.According to Moolenaar, the joint UM–Shanghai Jiao Tong institute has contributed to Chinese military technological breakthroughs, including projects on propellant combustion modeling, solid rocket fuel, anti-corrosion technology for military aircraft, and CT imaging to detect flaws in advanced weapons systems.Some of this work, the congressman said, appeared to have leveraged Pentagon-funded research conducted by UM faculty. Tyler DurdenWed, 07/16/2025 - 22:35
U.S. Transportation Department cancels $4 billion for California's high-speed rail after review found zero miles of track laid in 10 years and ballooning costs.
Lee Jae-yong: Samsung boss cleared over fraud case BBCSamsung Billionaire Lee’s Acquittal Upheld by Korea’s Top Court BloombergSouth Korea's top court clears Samsung Chairman Lee in 2015 merger case, Yonhap says Yahoo FinanceLee Jae-yong acquitted of charges in Samsung merger and accounting fraud cases - CHOSUNBIZ ChosunbizSupreme Court set to deliver final verdict for Samsung Chairman Lee in 2015 merger case The Korea Herald
CHICAGO, July 16, 2025 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ:CENX) ("Century") announced today that it had priced its previously announced private offering (the "Secured Notes Offering") of $400 million aggregate principal amount of 6.875% senior secured notes due August 2032 (the "Secured Notes").The Secured Notes will be issued at a price equal to 100.00% of their aggregate principal amount. The Secured Notes will pay interest semi-annually in arrears on February 1 and August 1 of each year, beginning on February 1, 2026, at a rate of 6.875% per annum in cash. The Secured Notes will mature on August 1, 2032, unless earlier redeemed or repurchased. The sale of the Secured Notes is expected to close on July 22, 2025, subject to customary closing conditions. The Secured Notes will be guaranteed by Century's domestic restricted subsidiaries (subject to certain exceptions), and Century's obligations under the Secured Notes will be secured (subject to certain exceptions and permitted liens) by liens on substantially all of its and its subsidiary guarantors' assets other than collateral securing Century's indebtedness under its credit agreement and certain other excluded property.The net proceeds from the Secured Notes Offering will ...Full story available on Benzinga.com
TSMC’s net revenue in the June quarter rose 38.65% from a year ago to NT$933.80 billion, beating estimates. The world’s largest contract chip manufacturer has benefited from the megatrend towards AI as it gains from producing advanced processors for clients including Nvidia and Apple.Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, beating estimates, as demand for artificial intelligence chips stays strong.The company expects third-quarter revenue between $31.8 billion and $33.0 billion — a 38% year-over-year increase and 8% higher from the prior quarter at the midpoint. Here are TSMC’s first-quarter results versus LSEG SmartEstimates: Revenue: 933.80 billion new Taiwan dollars ($31.7 billion), vs. NT$931.24 billion expected Net income: NT$398.27 billion, vs. NT$377.86 billion Second-quarter net profit hit a record high, according to Reuters.TSMC’s net revenue in the June quarter rose 38.65% from a year ago to NT$933.80 billion, also beating estimates.The company’s shares were up nearly 6% at 2:25 a.m. ET on trading platform Robinhood.TSMC, the world’s largest contract chip manufacturer, has benefited from the megatrend towards artificial intelligence as it manufactures advanced AI processors for clients including Nvidia and Apple.“The primary driver of growth for TSMC has been the robust demand for AI related chips, particularly for the leading edge nodes below 7nm,” said Brady Wang, associate director at Counterpoint Research.In semiconductor technology, smaller nanometer sizes signify more compact transistor designs, which lead to greater processing power and efficiency. TSMC said advanced chips, with sizes 7-nanometer or smaller, accounted for 74% of TSMC’s total wafer revenue in the quarter. “Surging demand from the AI boom is highly sustainable in the near term, with AI still in its very beginning stages and continues to expand across industries,” Wang added.However, the company faces potential headwinds from the trade policy of the U.S. President Donald Trump, who has threatened steep “reciprocal tariffs” on Taiwan.Taiwan faces 32% tariffs announced in April and is in the midst of trade talks with the U.S., according to local media reports. Trump earlier this month also warned of potential additional tariffs on semiconductors.U.S. export controls have also restricted TSMC’s business with China, as well that of its key clients such as Nvidia and AMD. However, amid a thawing of trade relations between Beijing and Washington, Nvidia and AMD said earlier this week that they had received government assurances allowing them to ship products to China. Other headwinds facing TSMC in the second half of the year include appreciation of the Taiwan dollar and potential order cuts from smartphone and PC clients due to global macro conditions, said Sravan Kundojjala, an analyst at SemiAnalysis specializing in global foundries.
"I really liked this watch from the moment I ran across it."
Acuvity's open source release helps developers adopt the Model Context Protocol with built-in security, deployment tooling, and protocol-level safeguards SUNNYVALE, Calif., July 16, 2025 /PRNewswire/ -- Acuvity, a leader in GenAI security and governance, today announced the release of its...
Werner Enterprises lost on an appeal in a case involving a deaf driver, but the financial stakes were lower than at first.The post Werner loses again on issue of deaf driver, but dollar amounts are a lot lower appeared first on FreightWaves.
Ford recalls nearly 700,000 cars for fire risk. See impacted models. USA TodayFord issues recall for more than 694,000 Bronco Sport, Escape vehicles for fuel injector defect Fox BusinessFord’s stock takes a hit, as expected cost of large recall of SUVs is disclosed MarketWatchFord Motor Recalls Some Broncos, Escapes Over Fuel Injectors The Wall Street JournalFord to recall 687,000 SUVs in U.S. for possible engine fires, will cost it $570 million Detroit Free Press
Reviewers say it’s “very sturdy and nice for the price.”
President Donald Trump denied that he plans to fire Federal Reserve Chairman Jerome Powell, contradicting a senior White House official. House Republicans said Trump spoke about the plan Tuesday night. Trump added that firing Powell was “highly unlikely.”Hours after President Donald Trump told a room full of Republican lawmakers that he will fire Federal Reserve Chair Jerome Powell, he denied plans to do that.“We’re not planning on doing it,” he said Wednesday at the White House. “I don’t rule out anything,” he added, “but I think it’s highly unlikely, unless he has to leave for fraud.”At a meeting Tuesday evening in the Oval Office, Trump had asked a group of House Republicans if they thought he should fire Powell. After receiving support for the move, the president said he would follow through, according to a senior White House official.“The President asked lawmakers how they felt about firing the Fed Chair. They expressed approval for firing him. The President indicated he likely will soon,” said the official, who spoke on the condition of anonymity to speak candidly on the issue.The members had been invited to the White House to discuss crypto regulation bills that had stalled in the House.Separately, The New York Times reported that Trump has gone so far as to draft a letter for firing Powell, and that he showed it to lawmakers during the crypto meeting.A Fed official declined to comment on what happened during the Oval Office meeting.But Powell has said repeatedly that his firing is “not permitted under the law.”Saul Loeb | Afp | Getty ImagesUS Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on “The Federal Reserve’s Semi-Annual Monetary Policy Report” on Capitol Hill in Washington, DC on June 24, 2025. No president ever has attempted to fire the country’s top central banker, though others have criticized prior Fed chairs.Markets turned lower on the initial reports that Trump planned to fire Powell, but recovered after Trump denied what the White House was telling reporters.Key players in the Trump White House have launched a multipronged attack on Powell to push the central bank to lower its key borrowing rate. Most recently, they have blasted Powell over renovations to the Fed’s Washington headquarters, raising suspicion that Trump could try to remove the Fed leader for cause.A recent Supreme Court decision indicated that the president does not have the authority to remove Fed officials at will.Trump suggested that “cause” could be an issue for Powell, particularly regarding the $2.5 billion renovation of the Fed’s headquarters. The project has been beset by overruns, and Powell has asked the Fed’s inspector general for a review.“Fraud is possible. ... So there could be something to that,” Trump said. “But I think he’s not doing a good job. He’s got a very easy job to do. You know what he has to do? Lower interest rates.”In a CNBC interview Wednesday, Rep. French Hill, R-Ark., the chair of the House Financial Services Committee, repeated that “I don’t see” Trump firing Powell. Treasury Secretary Scott Bessent also told Bloomberg News on Tuesday that he didn’t expect Trump to move in that direction.However, Rep. Anna Paulina Luna, a Florida Republican who on Tuesday joined with other party members in blocking the crypto initiative, said on social media site X that a move against Powell was forthcoming.“Hearing Jerome Powell is getting fired! From a very serious source,” she wrote, later adding, “I’m 99% sure firing is imminent.”Trump nominated Powell for the chair in November 2018 to succeed Janet Yellen, who went on to become Treasury secretary under then-President Joe Biden.The Senate confirmed Powell the following February, but has been the subject of frequent criticism from Trump, both during the president’s first term and his second.The Fed under Powell has held interest rates steady after lowering them in late 2024. Trump has charged that Powell is politically motivated and only cut in 2024 to help the prospects of Democratic nominee Kamala Harris.“That goes for his board too, because his board is not doing the job as they should,” Trump said Wednesday.Trump appointed not only Powell but also Governors Michelle Bowman, who now is the vice chair of bank supervision, and Christopher Waller.Over the past several weeks, both have indicated a willingness to start cutting as soon as the late July meeting of the Federal Open Market Committee, though not at a pace that Trump is suggesting.The president has indicated he would like the Fed to lop up to 3 percentage points off the central bank’s overnight borrowing rate, which is currently targeted between 4.25%-4.5%. Analysts raise Nvidia price targets after Trump’s China chip decision. One sees $5 trillion market cap aheadDividend payouts could hit a record this year. These stocks are Wall Street’s favoritesBreakup rumors at Kraft Heinz prompt speculation Berkshire Hathaway may be selling its stakeComing to a 401(k) near you: Private market assets
RENO, Nev., July 16, 2025 (GLOBE NEWSWIRE) -- Waterton Mining is pleased to announce that the U.S. Bureau of Land Management has taken major action by signing the Record of Decision (ROD) for its Spring Valley Project, the largest independent gold mine in the country. Located in Northern Nevada, Spring Valley will deliver transformative economic benefits, creating high-paying jobs, increasing tax revenues, and boosting local wages. This marks the first Federal approval of a domestic gold mine project in over a decade.Isser Elishis, Chairman and CEO of Waterton Mining (100% owner of the Spring Valley project company Solidus Resources, ...Full story available on Benzinga.com
One move has investors questioning this leading AI play.
Altman Advisors Inc. lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,231 shares of the transportation company’s stock after purchasing an additional [...]
Altman Advisors Inc. grew its stake in Bank of America Corporation (NYSE:BAC) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,795 shares of the financial services provider’s stock after purchasing an additional 905 shares during the period. Altman Advisors Inc.’s [...]
Altman Advisors Inc. reduced its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 4.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,639 shares of the semiconductor manufacturer’s stock after selling 839 shares during the quarter. Broadcom makes up 1.3% of Altman Advisors [...]
Altman Advisors Inc. lifted its position in Arista Networks, Inc. (NYSE:ANET – Free Report) by 2.0% in the 1st quarter, Holdings Channel reports. The fund owned 23,481 shares of the technology company’s stock after acquiring an additional 471 shares during the quarter. Altman Advisors Inc.’s holdings in Arista Networks were worth $1,932,000 as of its [...]
Richmond Brothers Inc. grew its holdings in Vanguard Short-Term Bond ETF (NYSEARCA:BSV – Free Report) by 405.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 354,479 shares of the company’s stock after purchasing an additional 284,304 shares during the quarter. Vanguard Short-Term Bond ETF makes up 17.5% of Richmond Brothers Inc.’s investment portfolio, making [...]
Cable Hill Partners LLC lifted its position in Verizon Communications Inc. (NYSE:VZ – Free Report) by 21.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,544 shares of the cell phone carrier’s stock after acquiring an additional 1,862 shares during the period. Cable Hill Partners [...]
Support for Canada's battered steel industry expected as Carney lowers hopes for tariff-free trade deal CBCCarney announces new measures to support steel industry, prevent dumping, amid trade war CTV NewsCarney delivers aid package to Canadian steel industry, workers ravaged by Trump tariffs Toronto StarCarney cracks down further on cheap steel imports in bid to protect domestic mills The Globe and MailCanada announces new tariff measures on imported steel to protect domestic industry Yahoo
Gasoline inventories increased by 3.4 million barrels, exceeding analyst expectations.
Deal Facilitated by Viking Mergers & Acquisitions JACKSONVILLE BEACH, Fla., July 16, 2025 /PRNewswire/ -- Quality Maritime Training, a USCG-approved provider of advanced maritime certifications, has been acquired by Mason Christensen and Duncan Hamilton of The Kimberton Group. Founded in...
WASHINGTON, July 15 (Reuters) – Two senior officials at the White House National Security Council have left their roles in recent days, according to two sources familiar with the moves,...
U.S. Treasury yields moved lower on Wednesday as investors awaited further inflation data and considered the impact of tariffs on consumer prices.At 5:24 a.m. ET, the 10-year Treasury yield was down one basis point to 4.447%, while the 30-year yield also declined a basis point to 5.009%. The 2-year Treasury yield was less than a basis point lower at 3.95%.Investors are anticipating more inflation data on Wednesday, as the producer price index for June is set to be released at 8:30 a.m. ET, and is expected to show a 0.2% increase on a monthly basis, according to Dow Jones estimates.That comes after the consumer price index came in as expected on Tuesday, with core CPI, which excludes food and energy prices, rising 0.2% on a monthly basis and 2.9% on a yearly basis. The monthly change was just less than expected, while the yearly move matched a Dow Jones consensus.“Inflation has started a slow climb as signs of tariff-induced inflation are now evident within durable and nondurable imports,” said Joe Brusuelas, chief economist at RSM U.S. “That prompts an important question: Will service and housing inflation, which is easing but still elevated, cool further to offset what will be a more pronounced increase in durable and nondurable goods?”“Our sense is that the Federal Reserve will continue to display patience as the direction of inflation evolves,” he added.Investors are also monitoring the impact of President Donald Trump’s tariffs on the U.S. economy. Trump announced 30% tariffs on Mexico and the European Union over the weekend, set to start from Aug. 1. He also announced on Tuesday that the U.S. had reached a trade deal with Jakarta, with a 19% tariff on its exports to the U.S.— Brian Evans contributed to this report
Province launches heat pump rebate program CityNews VancouverMore heat pump rebates on the way; now open for renters, condo owners BC Gov NewsCondo and Apartment Rebate Program BC HydroB.C. expands heat pump rebate to owners, renters in multi-unit buildings Global NewsNew provincial program offers rebates for installation of heat pumps Castanet
Trump criticizes Federal Reserve Chairman Powell for expensive headquarters renovations while expressing frustration over interest rate decisions and previewing upcoming trade deals.
Zohran Mamdani, the Democratic nominee in the race for mayor of New York City, moved to distance himself from comments that sparked outrage during the primary.
This is CNBC’s live blog covering European markets.UK bank Barclays fined £42 million over handling of financial crime risksU.K. regulators have issued bank Barclays a £42 million ($56.3 million) fine for two failings in financial crime risk management.One fine relates to folded wealth management firm WealthTek, where the Financial Conduct Authority said Barclays “failed to check it had gathered sufficient information to understand the money laundering risk, before opening a client money account.” Barclays has also agreed to make a voluntary £6.3 million contribution to former WealthTek clients who have a shortfall in claims from the company, which the FCA said led it to reduce its fine over the matter.WealthTek’s principal partner John Dance was charged in 2024 with alleged misappropriation of £64 million of customer funds and is due to stand trial in 2027.The FCA meanwhile fined Barclays £39.3 million for risk failings in its banking services for business Stunt & Co., which was found to have received money from a multimillion-pound money laundering operation.CNBC has contacted Barclays for comment. Shares in the bank were 0.15% higher at 8:58 a.m. in London.— Jenni ReidRenault shares plunge 17% after French carmaker lowers guidance, appoints new interim CEOStephane Mouchmouche | Hans Lucas | Afp | Getty ImagesThe electric Renault 5 at Automotive Summit at the Porte de Versailles exhibition center, Paris, France, on October 15, 2024.Shares of French carmaker Renault plunged on Wednesday after the company lowered its 2025 guidance and announced the appointment of a new interim chief executive officer.The Paris-listed stock was last seen trading 16.6% lower.In a trading update published late Tuesday, Renault said it is targeting an operating margin of around 6.5% this year, down from a previous forecast of around or exceeding 7%.Read the full story here. — Sam MeredithASML drop drags European chip stocks downEuropean semiconductor stocks fell on Wednesday after equipment maker ASML posted guidance that missed expectations.ASML’s third-quarter revenue guidance fell short of analyst forecasts while the company narrowed its own revenue guidance for 2025.On top of that, the Dutch tech giant said that, while it is preparing for growth in 2026, it “cannot confirm it at this stage.”ASML shares dropped 7% in early trading as a result. Other European chip names also fell. ASM International was down more than 4%, while BE Semiconductor was 3.4% lower. STMicro and Infineon were also down.— Arjun KharpalEuropean stocks open lower The opening bell rang around 30 minutes ago, and European stocks are broadly trading in negative territory. Hot U.S. and U.K. inflation prints, concern about the regional semiconductor sector and a profit warning from Renault all weighed on sentiment.The pan-European Stoxx 600 was last seen trading 0.2% lower, with sectors trading mixed. Among major bourses, France’s CAC index led losses with a 0.24% loss.— Chloe Taylor Danish official says 30% tariffs on EU ‘completely unacceptable’Thierry Monasse | Getty ImagesDanish Minister of European Affairs Marie Bjerre pictured on May 27, 2025 in Brussels, Belgium. Marie Bjerre, Denmark’s minister for European affairs, told CNBC that U.S. President Donald Trump’s plans to slap 30% tariffs on EU goods is “completely unacceptable.”“It is certainly interesting times — now, President Trump announced that he will impose 30% tariffs on Europe, and I have to say that is completely unacceptable, that is unjustified,” she said in an interview with CNBC’s “Europe Early Edition.““Europe is a trading partner that you can rely on, that you can trust in, and we will go into negotiation with the U.S. in good faith – but we also know that Europe ... having a single market with 450 million consumers, we are very attractive market, and therefore we also ready to defend our interests, and we are ready to come with countermeasures if required.”When asked if the EU could reach a trade compromise with Washington before Trump’s Aug. 1 deadline, Bjerre said it was “very hard to say.”“We keep being surprised about which [tariff rate] is now imposed on us,” she said. “It started [at] 10% then it was even more, then it was back to 10%, then it was suspended, and now it’s 30% – it is, I have to say, quite unreliable.”— Chloe TaylorUK inflation hits hotter-than-expected 3.6% in JuneMike Kemp | In Pictures | Getty ImagesWestfield Shopping Centre in Stratford on 5th June 2025 in London, United Kingdom. The U.K.’s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday.Economists polled by Reuters had anticipated inflation would reach 3.4% in the twelve months to June, after it hit 3.4% in May.Read more here.— Holly EllyattChip giant ASML says it can’t confirm that it will grow in 2026ASML reported second-quarter earnings that beat estimates with the its key net bookings figure ahead of consensus.However, the chip equipment giant missed analyst expectations for revenue guidance in the current quarter and warned of the possibility of no growth ahead.Here’s how ASML did versus LSEG consensus estimates for the second quarter:Net sales: 7.7 billion euros ($8.95 billion) versus 7.52 billion euros expectedNet profit: 2.29 billion euros vs 2.04 billion euros expected Read the full story here.— Arjun KharpalGood morning, here are the opening callsDan Kitwood | Getty Images News | Getty ImagesHouses in South London in February 2025.Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Wednesday.Futures data from IG suggests regional markets will start the week flat to lower, with London’s FTSE 100 unchanged and both France’s CAC 40 and Germany’s DAX expected to open 0.2% lower. Italy’s FTSE MIB is seen opening 0.35% higher.The downbeat mood for regional markets comes after a difficult start to the week, after U.S. President Donald Trump announced last weekend that he would impose a 30% tariff on goods imported from the EU starting Aug. 1.Hope that the bloc will negotiate a trade deal with the White House before the end of the month was outweighed Tuesday by global growth concerns after data showed U.S. inflation rose to 2.7% from 2.4% in June.— Holly EllyattWhat to keep an eye on todayPiroschka Van De Wouw | ReutersThe ASML logo is seen at its headquarters in Veldhoven, Netherlands, on June 16, 2023.Earnings season is upon us, with ASML, Richemont and Handelsbanken announcing their latest financial results on Thursday.On the data front, we have the latest U.K. inflation print for June and EU trade data.— Holly Ellyatt
Watch: Home Depot Founder, Who Said He Wouldn't Vote For Trump, Is Now Totally "Sold" On Him Authored by Steve Watson via Modernity.news,Home Depot co-founder Ken Langone, one of the nation’s most successful business owners, shocked CNBC hosts Tuesday by declaring that he is now completely in awe of President Trump.Langone, who last year stated that he wouldn’t vote for Trump proclaimed “I am sold on Trump ... I think he’s got a good shot at going down in history as one of our best presidents ever.”The stunned CNBC host noted “That is a REAL turnaround, because you didn’t want to vote for him!”🚨 BREAKING: In a stunning turnaround, the founder of HOME DEPOT, who did not want to vote for President Trump, is shocking the business world.He also opposed tariffs.Now?"I am SOLD on Trump.""I think he's got a good shot at going down in history as one of our best... pic.twitter.com/wH8gbimR7Z— Eric Daugherty (@EricLDaugh) July 15, 2025“I’ll tell you the reason...I’m a believer. What I’m seeing happening is absolutely nothing short of a great thing,” Langone responded.He further urged, “And there’s a beat. People are walking with more bounce...I think this guy is turning out to be a [great] president.”Langone has also flipped on Trump’s tariffs, noting “Initially, my concern was, I DON’T like tariffs...however, dammit, give Trump credit! His instincts are good! Some of these things need to be fixed!”He flipped on tariffs."Initially, my concern was, I DON'T like tariffs...however, dammit, give Trump credit! His instincts are good! Some of these things need to be fixed!" pic.twitter.com/o8bIHkX2Dy— Eric Daugherty (@EricLDaugh) July 15, 2025Langone further emphasised “When you made a mistake, admit it,” also revealing that he is in favour of Trump’s One Big Beautiful Bill.“I was worried about inflation and the deficit, but I think it might trigger such significant economic growth that we could see tax revenues going up through the profitability bracket,” Langone noted.Home Depot founder Ken Langone on the One Big Beautiful Bill: I was worried about inflation and the deficit, but I think it might trigger such significant economic growth that we could see tax revenues going up through the profitability bracket. pic.twitter.com/oabL7Knd78— Breaking911 (@Breaking911) July 15, 2025But I thought the left keeps saying even Trump supporters regret voting for Trump?! You mean to tell me that not only is that not true but now even people who didn’t vote for him or like him are supporting him?! Color me shocked!— Kylie Jane Kremer (@KylieJaneKremer) July 15, 2025That’s a significant shift coming from someone so influential in the business world. It shows how perspectives can evolve based on real-world impact and leadership performance. It’ll be interesting to see how this endorsement resonates with others in the business and political...— Satyam Singh (@Satyam2831) July 15, 2025It takes humility to admit you were wrong.— News Nomad 🗞 (@The_Nomad_News) July 15, 2025I'm sure the producers at CNBC were pulling their hair out!😅— Marisa Hastings (@MarisaHastings1) July 15, 2025Back in May, Home Depot announced that it doesn’t expect to boost prices because of tariffs.“We don’t see broad based price increases for our customers at all going forward,” said Billy Bastek, executive vice president of merchandising.NEW: Home Depot says it will NOT raise prices in response to U.S. tariffsCFO says more than half of the company's merchandise comes from the U.S."Twelve months from now, no single country outside of the United States will represent more than 10% of our purchases" pic.twitter.com/H1PJYpqyM8— Breitbart News (@BreitbartNews) May 20, 2025In June, the US government saw a surplus as tariff collections under Trump’s presidency increased to just over $27 billion.US government posted a budget surplus of $27 billion in June, which is largely attributed to a surge in tariff revenue. This marks the first June surplus since 2017. I’m sure you saw this in legacy media...well, maybe not. pic.twitter.com/L4rAbkAoRm— David Asman (@DavidAsmanfox) July 13, 2025May saw a $316 billion deficit. The fiscal year-to-date deficit after June is $1.34 trillion, which is up five percent from 2024.NEW: Tariff revenues grew to a record $27.2 billion in June — producing a $27 billion federal budget SURPLUS for the month. pic.twitter.com/X2jJzb2GPS— Rapid Response 47 (@RapidResponse47) July 11, 2025* * *Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews. Tyler DurdenTue, 07/15/2025 - 22:35
TAIPEI and SAN DIEGO, July 15, 2025 /PRNewswire/ -- Senhwa Biosciences, Inc. (TPEx: 6492), a new drug development company focusing on first-in-class therapeutics for oncology, rare diseases, and infectious diseases, today announced that its new drug Pidnarulex (CX-5461) has been selected...
Senate Republicans have advanced President Donald Trump’s request to cancel some $9 billion in previously approved spending
This is CNBC’s live blog covering European markets.UK bank Barclays fined £42 million over handling of financial crime risksU.K. regulators have issued bank Barclays a £42 million ($56.3 million) fine for two failings in financial crime risk management.One fine relates to folded wealth management firm WealthTek, where the Financial Conduct Authority said Barclays “failed to check it had gathered sufficient information to understand the money laundering risk, before opening a client money account.” Barclays has also agreed to make a voluntary £6.3 million contribution to former WealthTek clients who have a shortfall in claims from the company, which the FCA said led it to reduce its fine over the matter.WealthTek’s principal partner John Dance was charged in 2024 with alleged misappropriation of £64 million of customer funds and is due to stand trial in 2027.The FCA meanwhile fined Barclays £39.3 million for risk failings in its banking services for business Stunt & Co., which was found to have received money from a multimillion-pound money laundering operation.CNBC has contacted Barclays for comment. Shares in the bank were 0.15% higher at 8:58 a.m. in London.— Jenni ReidRenault shares plunge 17% after French carmaker lowers guidance, appoints new interim CEOStephane Mouchmouche | Hans Lucas | Afp | Getty ImagesThe electric Renault 5 at Automotive Summit at the Porte de Versailles exhibition center, Paris, France, on October 15, 2024.Shares of French carmaker Renault plunged on Wednesday after the company lowered its 2025 guidance and announced the appointment of a new interim chief executive officer.The Paris-listed stock was last seen trading 16.6% lower.In a trading update published late Tuesday, Renault said it is targeting an operating margin of around 6.5% this year, down from a previous forecast of around or exceeding 7%.Read the full story here. — Sam MeredithASML drop drags European chip stocks downEuropean semiconductor stocks fell on Wednesday after equipment maker ASML posted guidance that missed expectations.ASML’s third-quarter revenue guidance fell short of analyst forecasts while the company narrowed its own revenue guidance for 2025.On top of that, the Dutch tech giant said that, while it is preparing for growth in 2026, it “cannot confirm it at this stage.”ASML shares dropped 7% in early trading as a result. Other European chip names also fell. ASM International was down more than 4%, while BE Semiconductor was 3.4% lower. STMicro and Infineon were also down.— Arjun KharpalEuropean stocks open lower The opening bell rang around 30 minutes ago, and European stocks are broadly trading in negative territory. Hot U.S. and U.K. inflation prints, concern about the regional semiconductor sector and a profit warning from Renault all weighed on sentiment.The pan-European Stoxx 600 was last seen trading 0.2% lower, with sectors trading mixed. Among major bourses, France’s CAC index led losses with a 0.24% loss.— Chloe Taylor Danish official says 30% tariffs on EU ‘completely unacceptable’Thierry Monasse | Getty ImagesDanish Minister of European Affairs Marie Bjerre pictured on May 27, 2025 in Brussels, Belgium. Marie Bjerre, Denmark’s minister for European affairs, told CNBC that U.S. President Donald Trump’s plans to slap 30% tariffs on EU goods is “completely unacceptable.”“It is certainly interesting times — now, President Trump announced that he will impose 30% tariffs on Europe, and I have to say that is completely unacceptable, that is unjustified,” she said in an interview with CNBC’s “Europe Early Edition.““Europe is a trading partner that you can rely on, that you can trust in, and we will go into negotiation with the U.S. in good faith – but we also know that Europe ... having a single market with 450 million consumers, we are very attractive market, and therefore we also ready to defend our interests, and we are ready to come with countermeasures if required.”When asked if the EU could reach a trade compromise with Washington before Trump’s Aug. 1 deadline, Bjerre said it was “very hard to say.”“We keep being surprised about which [tariff rate] is now imposed on us,” she said. “It started [at] 10% then it was even more, then it was back to 10%, then it was suspended, and now it’s 30% – it is, I have to say, quite unreliable.”— Chloe TaylorUK inflation hits hotter-than-expected 3.6% in JuneMike Kemp | In Pictures | Getty ImagesWestfield Shopping Centre in Stratford on 5th June 2025 in London, United Kingdom. The U.K.’s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday.Economists polled by Reuters had anticipated inflation would reach 3.4% in the twelve months to June, after it hit 3.4% in May.Read more here.— Holly EllyattChip giant ASML says it can’t confirm that it will grow in 2026ASML reported second-quarter earnings that beat estimates with the its key net bookings figure ahead of consensus.However, the chip equipment giant missed analyst expectations for revenue guidance in the current quarter and warned of the possibility of no growth ahead.Here’s how ASML did versus LSEG consensus estimates for the second quarter:Net sales: 7.7 billion euros ($8.95 billion) versus 7.52 billion euros expectedNet profit: 2.29 billion euros vs 2.04 billion euros expected Read the full story here.— Arjun KharpalGood morning, here are the opening callsDan Kitwood | Getty Images News | Getty ImagesHouses in South London in February 2025.Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Wednesday.Futures data from IG suggests regional markets will start the week flat to lower, with London’s FTSE 100 unchanged and both France’s CAC 40 and Germany’s DAX expected to open 0.2% lower. Italy’s FTSE MIB is seen opening 0.35% higher.The downbeat mood for regional markets comes after a difficult start to the week, after U.S. President Donald Trump announced last weekend that he would impose a 30% tariff on goods imported from the EU starting Aug. 1.Hope that the bloc will negotiate a trade deal with the White House before the end of the month was outweighed Tuesday by global growth concerns after data showed U.S. inflation rose to 2.7% from 2.4% in June.— Holly EllyattWhat to keep an eye on todayPiroschka Van De Wouw | ReutersThe ASML logo is seen at its headquarters in Veldhoven, Netherlands, on June 16, 2023.Earnings season is upon us, with ASML, Richemont and Handelsbanken announcing their latest financial results on Thursday.On the data front, we have the latest U.K. inflation print for June and EU trade data.— Holly Ellyatt
NEW YORK, July 15, 2025 /PRNewswire/ -- Levy Konigsberg and co-counsel filed lawsuits today on behalf of over 100 survivors of sexual abuse against Cook County and the State of Illinois, bringing the total number of cases to more than 900 dating back to May 2024. The lawsuits allege that...
New Hampshire is 38th among the 50 states and Washington, D.C., for five-year survival of businesses that opened in 2024, according to a new analysis.
I hope you’re doing well. We are excited to invite you to join the Speaker for the ANE Global Meet & Expo [...]The post ANE Global Meet & Expo on Applications of Robotics & Artificial Intelligence (ROBOTICS2025) appeared first on Canadian Mining Journal.
The Nasdaq 100 reached new record highs on Tuesday, surpassing the 23,000 mark, driven by a rally in chipmakers such as Nvidia. Investors were optimistic about Nvidia and Advanced Micro Devices resuming certain chip sales to China. For the day, however, major indices were mixed with the Dow Jones Industrial Average falling nearly 1% to 44,023.29, while the S&P 500 declined 0.4% to 6,243.76. The Nasdaq ended the day higher at 0.2% at 20,677.80.These are the top stocks that gained the attention of retail traders and investors throughout the day.MP Materials Corp. (NYSE:MP)MP Materials shares soared 19.99% to close at $58.22, reaching an intraday high of $62.87 and a low of $52.89. The stock’s 52-week range is $10.02 to $62.87. In the after-hours trading the stock rose 3.5%. The surge followed the announcement of a long-term partnership with Apple to supply rare earth magnets made from ...Full story available on Benzinga.com
NEW YORK and NEW ORLEANS, July 15, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 22, 2025 to file lead plaintiff applications in securities class action lawsuits against Organon & Co. (NYSE:OGN), if they purchased the Company's securities between November 3, 2022 and April 30, 2025, inclusive (the "Class Period"). These actions are pending in the United States District Court for the District of New Jersey.What You May DoIf you purchased securities of Organon and would like to discuss your legal rights and how the case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (Full story available on Benzinga.com
Waymo is picking up speed as Tesla eyes expanding its own more limited robotaxi services.
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Cornercap Investment Counsel Inc. acquired a new position in shares of Elevance Health, Inc. (NYSE:ELV – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,009 shares of the company’s stock, valued at approximately $1,744,000. Elevance Health accounts for 0.9% of [...]
Pinkerton Retirement Specialists LLC lifted its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,354 shares of the company’s stock after acquiring an additional 347 shares during the quarter. Pinkerton Retirement Specialists [...]
Pinkerton Retirement Specialists LLC lifted its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 5.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 27,084 shares of the company’s stock after purchasing an additional 1,339 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Procter & Gamble were worth [...]
Dakota Wealth Management reduced its position in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 1.1% during the first quarter, HoldingsChannel reports. The fund owned 20,781 shares of the company’s stock after selling 241 shares during the quarter. Dakota Wealth Management’s holdings in Kimberly-Clark were worth $2,956,000 as of its most recent filing with the SEC. [...]
Massachusetts Financial Services Co. MA reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 16.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,121,380 shares of the restaurant operator’s stock after selling 1,642,423 shares during the quarter. [...]
Kornitzer Capital Management Inc. KS increased its holdings in shares of Newmont Corporation (NYSE:NEM – Free Report) by 5.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 291,891 shares of the basic materials company’s stock after acquiring an additional 15,618 shares during the [...]
Sumitomo Life Insurance Co. lowered its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,616 shares of the financial services provider’s stock after selling [...]
SBI Securities Co. Ltd. increased its holdings in shares of Unilever PLC (NYSE:UL – Free Report) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,492 shares of the company’s stock after acquiring an additional 172 shares during [...]
Sumitomo Life Insurance Co. cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,290 shares of the company’s stock after selling 234 shares during the quarter. Sumitomo [...]
Mosaic Family Wealth Partners LLC grew its holdings in shares of Vanguard Short-Term Bond ETF (NYSEARCA:BSV – Free Report) by 22.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,581 shares of the company’s stock after buying an additional 5,358 shares during the [...]
The Defense Department last week agreed to buy a direct equity stake in MP Materials, which operates the only rare earth mine in the U.S. The Pentagon is taking immediate action to find opportunities to boost critical mineral production, a defense official told CNBC when asked whether it would make investments in other miners.The Pentagon is taking immediate action to boost critical mineral production in the U.S. and counter China’s dominance of the supply chain for rare earth magnets, a defense official told CNBC on Tuesday.The Defense Department last week agreed to buy a direct equity stake in MP Materials, which will make the U.S. government the miner’s largest shareholder. MP operates the only rare earth mine in the U.S. located at Mountain Pass, California, and a magnet plant in Fort Worth, Texas.When asked whether the Pentagon is considering similar investments in other U.S. mining companies, the defense official said it is looking at opportunities to strengthen domestic critical mineral production.“Rebuilding the critical minerals and rare earth magnet sectors of the U.S. industrial base won’t happen overnight, but DoD is taking immediate action to streamline processes and identify opportunities to strengthen critical minerals production,” official said in a statement.Rare earths are used in weapons such as the F-35 warplane, drones and submarines among other other military platforms. The U.S. was almost entirely dependent on foreign countries for rare earths in 2023, with China representing about 70% of imports, according to the U.S. Geological Survey.MP Materials CEO James Litinsky told CNBC last week that he views the public-private partnership with the Defense Department as a model for other companies in industries that are important for national security but struggle to compete against the state-backed enterprises in China.“I’d like to think that this is sort of the first, it’s a model,” Litinsky told CNBC’s “Squawk on the Street” on Thursday. “We have to deliver at MP and show that this is an incredible route to go. But it’s a new way forward to accelerate free markets, to get the supply chain on shore that we want.”Interior Secretary Doug Burgum said in April that the U.S. government was looking at taking direct equity stakes in critical mineral and rare earth miners to break China’s dominance. The Trump administration is also looking at stockpiling critical minerals and creating a sovereign risk insurance fund to protect companies investments’ in federally approved projects, Burgum said at an energy conference in Oklahoma City.The Pentagon makes long-term investments in mining, processing and refining critical minerals, the defense official told CNBC. It has invested $540 million so far to support a critical mineral and rare earth supply chain in the U.S. and allied nations, the official said.“That is significant, and DoD will continue to such efforts in accordance with congressional appropriations and statutory authorities,” the official said.Correction: MP Materials operates a magnet plant in Fort Worth, Texas. An earlier version misspelled the name of the location. Buy this energy generation stock that can benefit from Trump’s tax bill, says JPMorganIt’s time to take profits in this high-flying solar stock, says Goldman SachsThis energy stock is trading near its lowest valuation on record. How to trade it using optionsTrack all the latest coverage of oil prices and the oil and gas industry at CNBC.com.
Mosaic Family Wealth Partners LLC grew its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG – Free Report) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 315,494 shares of the company’s stock after purchasing an additional 8,807 shares during the period. Vanguard Growth [...]
Dakota Wealth Management lessened its stake in Truist Financial Corporation (NYSE:TFC – Free Report) by 11.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,325 shares of the insurance provider’s stock after selling 18,046 shares during the quarter. Dakota Wealth [...]
China's second-quarter GDP growth tops forecast even as US tariff risks mount ReutersChina posts 5.2% GDP growth for Q2 CNNChina’s Economy Grows Steadily Despite Trump’s Tariffs The New York TimesAsia-Pacific markets mostly rise after China's second-quarter growth beats estimates CNBCChina’s economy grows 5.3% in first half, despite Trump’s trade war The Washington Post
Nvidia Wins OK to Resume Sales of AI Chip to China After CEO Meets Trump - WSJ The Wall Street JournalNvidia Says U.S. Has Lifted Restrictions on A.I. Chip Sales to China The New York TimesNvidia says it will resume sales of 'H20' AI chips to China Yahoo FinanceNvidia's Jensen Huang Is Right About the Real AI Race With China BloombergNvidia teases a win for its China business, and big money could be on the line MarketWatch
LONDON, UK, July 14, 2025 (GLOBE NEWSWIRE) -- As cryptocurrency markets enter a new phase of global momentum, marked by rising adoption and institutional participation, Jamining.com is simplifying how individuals participate in digital asset mining. With a focus on XRP and a commitment to clean energy and user-centric design, the platform offers a secure, cloud-based alternative to traditional mining models.The latest crypto bull run has seen Bitcoin holding strong above $119,000, with altcoins like XRP, Ethereum, and Litecoin following suit. This upward trend reflects a growing public interest in blockchain-based systems—especially those that offer utility, speed, and scalability. In response, Jamining.com has enhanced its platform experience to support new users who seek accessible and sustainable ...Full story available on Benzinga.com
Brazil Potash Corp (NYSE:GRO) surged 86.21% in after-hours trading on Monday.Check out how Brazil Potash stock is trading hereWhat Happened: The company’s stock price jumped to $2.70 after the market closed, up from the day’s closing price of $1.45. This surge followed the announcement of a Memorandum of Understanding (MoU) signed between the Toronto-based fertilizer company and Fictor Energia for a $200 million power line project.The MoU outlines the terms for Fictor Energia to fund approximately $200 million in power transmission construction costs for the Autazes Project. See Also: This ...Full story available on Benzinga.com
China posts 5.2% GDP growth for Q2 CNNChina’s Economy Grows Steadily Despite Trump’s Tariffs The New York TimesChina growth slows as trade turmoil weighs on economy BBCAsia-Pacific markets mostly rise after China's second-quarter growth beats estimates CNBCChinese economy grows at a 5.2% annual pace in April-June quarter despite trade war CityNews Halifax
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"The Numbers Don't Lie": Most California Voters Say Special Interests Have Too Much Influence On Policy: Poll Authored by Kimberly Hayek via The Epoch Times (emphasis ours),A poll by the Berkeley Institute of Governmental Studies published on July 10 found that a majority of Californians believe special interest groups wield too much influence over policymaking in Sacramento.A voter drops off a ballot at an official ballot drop box on the final day of early voting ahead of Election Day at City Hall in San Francisco on Nov. 4, 2024. Loren Elliott/Getty ImagesMore than 6,000 respondents were asked whether or not “special interest money has too much influence in Sacramento politics and decisionmaking.”Fifty-five percent of respondents strongly agreed, and 20 percent somewhat agreed. Only 2 percent disagreed.Republicans and Democrats were largely united on the issue.The poll found that 73 percent of Democrats and 81 percent of Republicans agreed with the statement. Among those with no party preference, 75 percent agreed.The sentiment was shared across regional, gender, age, education, income, and racial groups, with at least 59 percent of respondents in each group agreeing with the statement. The poll also found that 87 percent of regular voters strongly or somewhat agreed with the statement.“The numbers don’t lie. Californians overwhelmingly recognize that big money wields far too much power over our elected officials,” said Russia Chavis Cardenas, deputy director of nonprofit organization California Common Cause.“People from every political party, every race, and every walk of life are united behind one urgent demand. They want Sacramento to break the grip of big money on our democracy.”When asked whether they trust various representatives to “act in the best interests of the California public,” 14 percent of voters said they have “a lot” of trust in Gov. Gavin Newsom. Another 28 percent said they trust him “somewhat.”Voters trust the state Legislature about as much: 11 percent said they trust it a lot, and 33 percent said they trust it somewhat.California Gov. Gavin Newsom speaks in Los Angeles on Sept. 25, 2024. John Fredricks/The Epoch TimesVoters have even less trust in “tech companies and their leaders,” with just 4 percent saying they have a lot of trust that those leaders will act in the best interests of California residents. The poll found 58 percent have no trust “at all” in tech leaders. Trust in business leaders in general was only slightly higher: 4 percent said they trust them, while 46 percent said they do not trust them “at all.”“It’s no surprise that Californians have little trust in tech companies and their leadership,” said Leora Gershenzon, policy director of the California Initiative for Technology and Democracy.“All too often, they have made decisions that further screentime addiction, mental health challenges in children and teens, and political deepfakes that undermine elections, all to maximize profit.”Voters trust labor unions more, with 19 percent saying they trust them a lot and 32 percent saying they trust them somewhat.Community-based nonprofit organizations score higher: 27 percent trust them a lot, and another 35 percent trust them somewhat.“With so much special interest money in California elections, everyday Californians question the motives of our elected leaders. But they know community-based organizations will always have their back,” said Camila Chavez, executive director of nonprofit organization Dolores Huerta Foundation.Regarding the justice system, 20 percent of California voters said they have a lot of trust in the courts, and 37 percent said they trust them somewhat.Eleven percent of voters said they trust public officials a lot, and 39 percent said they trust them somewhat.‘Democracy Under Attack’A majority of Californians, 64 percent, across gender, age, education, regional, income, and racial groups, view American democracy as “under attack.”Fewer than 15 percent of respondents from each group said American democracy is in “no danger.”Seventy percent of respondents aged 65 and older believe American democracy is under attack, along with 69 percent of white people, and 74 percent of black respondents. Only 1 percent of black respondents view American democracy as being in no danger.Democrats and Republicans are split on the issue, with 81 percent of Democrats seeing American democracy as under attack, while only 38 percent of Republicans agree. A total of 39 percent of Republicans view American democracy as being tested, and 24 percent of Republicans view American democracy as in no danger.Sixty-one percent of those with “No Party Preference” believe that American democracy is under attack. An estimated 32 percent view it as being tested. Just 8 percent of those with no party preference, and 3 percent of Democrats, see American democracy as being in no danger.“It is hard to imagine that a majority of voters would have seen U.S. democracy as under severe threat,” said Eric Schickler, co-director of the Institute of Governmental Studies. “It is now something of a new ‘normal,’ itself a worrisome sign about how things have shifted.” Tyler DurdenMon, 07/14/2025 - 22:35
Apple CEO Tim Cook Should Be Replaced, Research Firm Says MacRumorsApple CEO Tim Cook has created more shareholder value than Steve Jobs. But suddenly his weaknesses are on display in the AI era FortuneEven with Apple’s stock slump, Tim Cook is the right leader for the AI era MarketWatchApple’s C-suite undergoes major reshuffle — here’s what it means for CEO Tim Cook New York PostApple Undergoing Major Management Overhaul, But CEO Tim Cook To Stay On AOL.com
Investment experts see a continued rise in gold prices, and share several ways to play the trend.
Trump's fresh tariffs have reignited the gold rally. Here's how the pros are investing CNBCGold Climbs as Market Digests Mixed US Messages on Trade Talks YahooUSD weakness could reignite gold rally as semis drive silver demand and platinum jewelry ramps up – Heraeus KITCOGold and silver forecast dilemma: Trade jitters vs. dollar recovery FOREX.comGold eases after hitting three-week high Reuters
BEIJING (AP) — China's economy slowed in the last quarter as President Donald Trump’s trade war escalated, but it still expanded at a robust 5.2% pace, the government said Tuesday. That compares with 5.4% annual growth in January-March.
China’s second-quarter economic growth beat expectations. U.S. President Donald Trump threatens 100% tariffs on Russian export buyers. The White House will allow Nvidia to resume chip exports to China. Stocks in the U.S. tick up even after renewed tariff threats. Analysts share the best way to play gold as prices trade at highs.Here’s a tariff we can get behind. At a White House meeting on Monday with NATO’s secretary general, Mark Rutte, U.S. President Donald Trump said he would introduce “tariffs at about 100%” on Russia’s trade partners if the Kremlin doesn’t reach a deal to end its invasion of Ukraine in 50 days.Notably, the punitive measures will be implemented as “secondary tariffs,” Trump said. Unlike Trump’s normal tariffs, under which a specific country is slapped with a levy, secondary tariffs impose the duty on countries and entities that buy Russia’s exports.While those moves were meant to weaken Russia’s economy, they do run the risk of drawing other countries’ ire. According to data from the International Trade Centre, in 2024, Russia’s biggest export was oil, and its biggest buyers were China, India and Turkey, in that order. That means those nations, among others, would effectively face a tariff of 100% from the U.S. — the highest of all updated numbers announced so far — if they don’t shift their buying patterns.That said, it’s refreshing to think of tariffs not as a weapon in a trade war (even if there might be collateral damage), but being used for peace.What you need to know todayChina’s second-quarter economic growth beat expectations. Compared with a year earlier, gross domestic product expanded 5.2%. While that figure topped the 5.1% estimates in a Reuters poll, it marks a deceleration from the previous quarter’s growth of 5.4%.Trump threatens 100% tariffs on Russian export buyers. The U.S. president said he will impose “secondary tariffs” on Moscow if the country doesn’t end its war on Ukraine in 50 days.The White House will allow Nvidia to resume chip exports to China. The semiconductor company said Tuesday that the U.S. government has assured Nvidia it will be granted licenses to export H20 chips to Beijing. Nvidia’s H20 chips were specially designed for the Chinese market.U.S. stocks tick up even after renewed tariff threats. All major U.S. indexes posted mild gains Monday stateside. Asia-Pacific markets mostly rose Tuesday. The yield on the Japanese government’s 10-year bond climbed to its highest level since 2008.[PRO] How to play gold as prices trade at highs. The bullion topped a three-week high on Monday as investors piled into the safe-haven asset amid trade turbulence. Fund managers and analysts share the best ways to invest in gold.And finally...Erika Gerdemark | Bloomberg | Getty ImagesA model of an eco-district, to be built out of engineered wood, currently known as Stockholm Wood City, by developer Atrium Ljungberg AB, in Sickla on the outskirts of Stockholm, Sweden, on Wednesday, July 12, 2023.Inside Europe’s billion-dollar wooden cityA part of Stockholm, the capital of Sweden, is set to become the “world’s largest wooden construction project,” according to its developer Atrium Ljungberg, which will invest 12 billion Swedish krona (about $1.25 billion) into the project.Sickla — an industrial area to the south of Stockholm’s center once known for manufacturing diesel engines — is being redeveloped using cross-laminated timber, with the material being used in its buildings’ core, floors and walls.— Lucy Handley
America’s Biggest Rare-Earth Producer Makes a Play to End China’s Dominance The Wall Street JournalUS rare earth pricing system is poised to challenge China's dominance ReutersPentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50% CNBCRare earths miner taps a seam of US government largesse Financial TimesThe Pentagon’s Rare Earths Deal Is Making Former Biden Officials Jealous Heatmap News
Nvidia says U.S. government will allow it to resume H20 AI chip sales to China CNBCView Full Coverage on Google News
Why the Price of Bitcoin Keeps Hitting Record Highs InvestopediaBitcoin Price Soars Past $120,000 at Outset of House’s ‘Crypto Week’ The New York TimesWhat is the US’s Crypto Week? Why has Bitcoin hit a record high? Al JazeeraBitcoin becomes world’s fifth-largest asset by market cap, surpassing Amazon as price hits $122,000 The BlockBitcoin rally seems to be driven more by institutional demand than speculation Yahoo Finance
She was an anchor and reporter at KTRK in Houston for 16 years.
LRI Investments LLC lowered its stake in Amgen Inc. (NASDAQ:AMGN – Free Report) by 27.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,037 shares of the medical research company’s stock after selling 394 shares during the quarter. LRI Investments LLC’s holdings in Amgen were worth [...]
Florida Financial Advisors LLC grew its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 99.6% during the first quarter, HoldingsChannel.com reports. The firm owned 2,848 shares of the company’s stock after acquiring an additional 1,421 shares during the quarter. Florida Financial Advisors LLC’s holdings in GE Aerospace were worth $569,000 as of [...]
Securian Asset Management Inc. trimmed its holdings in shares of Southern Company (The) (NYSE:SO – Free Report) by 1.6% during the first quarter, HoldingsChannel reports. The fund owned 57,968 shares of the utilities provider’s stock after selling 920 shares during the quarter. Securian Asset Management Inc.’s holdings in Southern were worth $5,330,000 at the end [...]
Securian Asset Management Inc. lowered its stake in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 1.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 41,025 shares of the utilities provider’s stock after selling 492 shares during the period. Securian Asset Management Inc.’s holdings [...]
Securian Asset Management Inc. decreased its position in Linde PLC (NASDAQ:LIN – Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,235 shares of the basic materials company’s stock after selling 356 shares during the period. [...]
Aurora Investment Counsel acquired a new position in shares of Southern Company (The) (NYSE:SO – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,504 shares of the utilities provider’s stock, valued at approximately $2,529,000. Southern makes [...]
Securian Asset Management Inc. lessened its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 18.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,020 shares of the company’s stock after selling 10,500 shares during the period. iShares Core S&P [...]
MTM Investment Management LLC reduced its position in GE Aerospace (NYSE:GE – Free Report) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,111 shares of the company’s stock after selling 253 shares during the quarter. MTM Investment Management LLC’s holdings in [...]
BHK Investment Advisors LLC grew its stake in Amgen Inc. (NASDAQ:AMGN – Free Report) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,659 shares of the medical research company’s stock after buying an additional 200 shares during [...]
Parker Investment Management LLC cut its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 19.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,782 shares of the company’s stock after selling 21,837 shares during the [...]
Bleakley Financial Group LLC raised its stake in GE Aerospace (NYSE:GE – Free Report) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,558 shares of the company’s stock after purchasing an additional 2,932 shares during the period. Bleakley Financial [...]
MTM Investment Management LLC trimmed its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA – Free Report) by 2.5% in the first quarter, Holdings Channel.com reports. The firm owned 14,596 shares of the company’s stock after selling 378 shares during the quarter. MTM Investment Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth [...]
Weatherly Asset Management L. P. acquired a new position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,159 shares of the company’s stock, valued at approximately $262,000. Other large investors also recently [...]
American Bank (OTCMKTS:AMBK – Get Free Report) announced its earnings results on Monday. The company reported $0.65 earnings per share for the quarter, Zacks reports. American Bank Stock Up 0.2% AMBK stock traded up $0.03 during mid-day trading on Monday, hitting $14.95. 845 shares of the company were exchanged, compared to its average volume of [...]
RALEIGH, N.C. (WNCN) – While AI continues to reshape both the current and future job market, ResumeGenius put together a list of the 10 highest-paying, fastest-growing jobs that AI won't replace. This list was assembled with data from the Bureau of Labor Statistics and ResumeGenius' risk probability calculator. Number one is a computer and information [...]
Florida Financial Advisors LLC decreased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 6.9% during the 1st quarter, HoldingsChannel reports. The fund owned 10,555 shares of the company’s stock after selling 786 shares during the period. Florida Financial Advisors LLC’s holdings in iShares S&P 500 Growth ETF were [...]
China And India Drive Global Demand For Air Conditioning Driven by population growth (and climate change apparently), global demand for air conditioning is set to explode in the coming decades. Statista's Katharina Buchholz reports that, according to the latest available estimates from the International Energy Agency, more than 2.4 billion air conditioners are in use worldwide this year.This number is expected to increase to 5.6 billion by 2050, with two markets driving the majority of the world's demand: China and India.You will find more infographics at StatistaThe number of air conditioners in service is also expected to increase eleven-fold in Indonesia and six-fold in Mexico between 2020 and 2050.Yet, the number of units remains relatively small in those countries compared to those expected to be added in the two major Asian growth markets.It is estimated that the world's air conditioners and fans together account for about 10 percent of global electricity consumption.By contrast, electric vehicles will account for 13 percent of global growing electricity needs, while heating will account for seven percent.You will find more infographics at StatistaUnless air conditioning technology becomes significantly more efficient, the rising energy demand associated with cooling poses a huge environmental challenge before the middle of the century. Tyler DurdenSun, 07/13/2025 - 22:45
BEIJING, July 13, 2025 /PRNewswire/ -- "Promoting sustainable development," "opposing unilateral trade measures," and "upholding multilateralism" have emerged as some of the key words at the just-concluded 17th BRICS Summit in Rio de Janeiro, Brazil. The international community closely...
U.S. Treasury yields were little changed on Monday morning after President Donald Trump announced additional tariffs of 30% on the European Union and Mexico over the weekend.At 5:52 a.m. ET, the 10-year Treasury yield held steady at 4.423%, and the 30-year yield was up just over a basis point at 4.971%. The 2-year yield was down 2 basis points, reaching 3.891%.One basis point is equal to 0.01% and yields and prices move in opposite directions.Tariff news continues to dominate as Trump announced additional levies over the weekend. This time, the president is threatening to impose 30% tariffs on the EU and Mexico, which will take effect on Aug. 1.He said that if the EU or Mexico retaliates with higher tariffs, “then, whatever the number you choose to raise them by, will be added on to the 30% that we charge.”Deutsche Bank analysts said in a note, “To be fair, a month ago Trump threatened the EU with a 50% tariff, so you might argue this is an improvement! The market will generally think this is mostly a negotiating tactic and that we’re unlikely to see such rates.“On the economic data front, investors will keenly await June’s inflation reading on Tuesday, followed by the producer price index on Wednesday, which will offer more clarity about the impact of tariffs on the economy.Investors are also on alert as Trump’s conflict with U.S. Federal Reserve Chair Jerome Powell comes into focus again, after National Economic Council Director Kevin Hassett said Sunday that the Trump administration could fire Powell “if there’s cause.”
Daytime Emmy-winning half-hour newsmagazine Extra has let go a number of staffers ahead of its forthcoming 32nd season, Deadline has confirmed. The decision is a result of an annual cataloguing that assesses staff structure and production processes and was not a performance-based. As Extra continues into its third decade, it seeks to revamp the show [...]
This is CNBC’s live blog covering European markets.European stocks open lower as investors react to latest tariff threatWe’re around 30 minutes into the first trading session of the week, and Europe-listed stocks are broadly edging lower as trading kicks off.The pan-European Stoxx 600 was last seen trading close to 0.5% lower, with most sectors in negative territory. Tariff-sensitive autos stocks led losses, with the Stoxx Europe Automobiles index shedding around 1%.Looking at major regional bourses, Germany’s DAX is leading the sell-off after moving 0.8% lower, while London’s FTSE 100 is bucking the regional trend to trade 0.2% higher.— Chloe TaylorEU official says bloc ‘very close to an agreement’ with U.S. on tradeJean-christophe Verhaegen | Afp | Getty ImagesEU commissioner for trade and economic security, interinstitutional relations and transparency, Maros Sefcovic, attends a press conference at the EU Council building in Luxembourg on April 7, 2025.EU Trade Commissioner Maros Sefcovic told reporters on Monday that U.S. President Donald Trump’s threatened 30% tariff on the European Union would practically eradicate trade between the two economic powers.In comments cited by news agency Reuters, however, Sefcovic also expressed optimism that the U.S. and the EU could find a solution.“The feeling on our side was that we are very close to an agreement,” he reportedly said ahead of an EU trade ministers’ meeting in Brussels.— Chloe TaylorTariffs are hitting European firms hard. Here are the sectors to watchEarnings estimates for companies around the world have fallen sharply in recent months as analysts attempt to predict the impact of new U.S. tariffs.Earnings per share across Europe’s benchmark Stoxx 600 are expected to fall 0.2% on an annualized basis in the second quarter, according to LSEG I/B/E/S research. On April 1, ahead of Trump’s so-called “Liberation Day,” analysts expected 7.2% growth.Analysts are watching three key sectors as Europe’s largest companies prepare to report on their earnings — read about them here. — Matt Ward-PerkinsBank of England’s Bailey says ‘path is downward’ for UK interest ratesKin Cheung – WPA Pool | Getty Images News | Getty ImagesAndrew Bailey, governor of the Bank Of England, pauses before the start of the Monetary Policy Report press conference at the Bank Of England on Feb. 6, 2025, in London.In an interview with British newspaper The Times, Bank of England Governor Andrew Bailey said the central bank would deepen its rate-cutting cycle should the U.K.’s job market slow.His comments came as the U.K.’s most recent inflation print remained elevated at 3.4%, with economists polled by Reuters expecting the June reading to be flat when it’s released on Wednesday.But Bailey told The Times there were “consistent” signs of British firms “adjusting employment,” and said the U.K.’s economic struggles were creating “slack” that would help cool inflation.“I really do believe the path is downward,” he said in the interview, which was published on Sunday night. “If we saw the slack opening up much more quickly, that would lead us to a different conclusion.”Markets are currently pricing in a 25-basis-points cut at the Bank of England’s next meeting in August, according to LSEG data.— Chloe TaylorHere’s a quick dive on EU-US tradeFabian Bimmer | Afp | Getty ImagesCargo shipping containers wait to be loaded by cranes on container ships at the Burchardkai container terminal at the harbour of Hamburg, northern Germany, on June 3, 2025.Following President Trump’s decision to impose 30% tariffs on imports from the EU — we wanted to take a deep dive into the volumes of trade between the two.Together, the EU and U.S. make up almost 30% of all global trade in goods and services and 43% of global GDP. In 2024, trade between the two totaled some 1.7 trillion euros — that’s the equivalent of 4.6 billion euros per day, EU data shows. But is the EU’s trade surplus as one-sided as the White House suggests?When it comes to goods, in 2024 the EU exported around 530 billion euros’ ($618 billion) worth to the U.S. and imported 335 billion — giving it a surplus of nearly 200 billion euros. But as Brussels is quick to point out: the U.S. leads the way in services where it enjoys a surplus of 150 billion dollars. All in all, that gives the EU a total trade surplus of just $50 billion. And finally – what are the European industries and countries most exposed to U.S. tariffs?By sector, it is far and away the pharmaceutical sector, followed by autos and aircraft machinery. Looking at individual economies, Germany and Ireland stand out as the most exposed: Almost a quarter of all German exports are destined for the U.S., while for Ireland that figure is more than a third. — David MartinHere are the opening callsJonathan Brady – Pa Images | Pa Images | Getty ImagesThe Millennium Bridge in London, on July 4, 2025.Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Monday.Futures data from IG suggests regional markets will start the week flat to lower, with London’s FTSE 100 expected to flat, Germany’s DAX down 0.6% and France’s CAC 0.5% lower. Italy’s FTSE MIB is seen opening 0.7% lower.The dour mood for European markets comes after U.S. President Donald Trump announced at the weekend that he would impose a 30% tariff on goods imported from the EU, dealing a blow to the bloc after several months of negotiations to try to reach a trade deal. The duty will go into effect on Aug.1.The EU has said it will not retaliate straight away but would look to reach a deal.“Imposing 30 percent tariffs on EU exports would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic,” European Commission President Ursula von der Leyen said in a statement.She said the EU remains “ready to continue working towards an agreement by August 1.”“At the same time, we will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required.”— Holly Ellyatt
The price of Bitcoin topped $122,600 at 1:27 p.m. Singapore time, according to data from Coin Metrics. The fresh highs come amid strong Bitcoin ETF inflows and moves from U.S. policymakers aimed at clearer regulation for the industry.Bitcoin extended gains Monday to hit a new milestone, breaking past $120,000, fueled by a rally in the cryptocurrency’s ETFs.The price of the largest cryptocurrency by market capitalization topped $122,600 at 1:27 p.m. Singapore time, according to data from Coin Metrics.The rally has seen bitcoin reach new highs amid more inflows into bitcoin ETFs. On Thursday, bitcoin ETFs had logged their biggest day of inflows in 2025 at $1.18 billion.“We believe that Bitcoin’s surge is driven by longer-term institutional buyers and this will propel it to $125k in the next month or two,” Jeff Mei, chief operating officer at cryptocurrency exchange BTSE, said in a statement sent to CNBC. “Trump’s trade disputes with the likes of the EU, Mexico, and other trading partners could cause dips in the week ahead, but it’s likely that Bitcoin’s institutional buyers are discounting this risk and maintaining their positions that Bitcoin will still appreciate in the long run,” he added.Investors have been anticipating bitcoin to hit new records this year as corporate treasuries accelerate their bitcoin buying sprees and U.S. Congress nears the passing of new crypto legislation.The U.S. House of Representatives will begin deliberating on a series of crypto bills on Monday aimed at providing a clearer regulatory framework for the digital asset industry. The policy had been long sought by the industry, and is supported by U.S. President Donald Trump, who has branded himself as a pro-crypto President and is involved in several crypto ventures.One of the most significant bills under consideration is the Genius Act, which could establish federal guardrails for U.S. dollar-pegged stablecoins and create a pathway for private companies to issue digital dollars.“Long-term holders are locking up supply, while global policy clarity — especially around stablecoins and crypto legislation — has boosted investor confidence and capital inflows,” Xu Han, director of the Liquid Fund at HashKey Capital, said in a statement to CNBC.Speaking on CNBC’s “Access Middle East,” Markus Thielen, CEO of 10x Research, said that he hopes that the U.S. will announce a sovereign wealth fund that could purchase digital currencies, also an overhanging factor market.He noted that corporate and institutional investors have purchased $15 billion in Bitcoin ETFs over the last six to eight weeks. In contrast, retail investors appear to have been on the sidelines during the latest rally, he added.10x Research has a year-end Bitcoin target range of $140,000 to $160,000, Thielen revealed, but the most significant risk facing this remains the U.S. Federal Reserve continuing its hawkish policy and further interest rate hikes due to tariffs.
A new case that is set to begin in federal court in Miami on Monday is the first to go to a jury trial, representing a serious threat to Tesla, its self-driving technology and its reputation.