Here's how companies like Kohl's and Krispy Kreme got caught in the meme stock frenzy
Kohl’s was amongst a new wave of meme stocks that surged from traders taking advantage of cheap share prices and heavy short positions.
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Why it appears Washington is becoming friendlier toward crypto ETFs under Trump
Capitol Hill is becoming more receptive to market innovations including ETFs and cryptocurrency, according to two investment experts.
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Mortgage demand drops to lowest level since May, as interest rates stall
Mortgage demand fell to the lowest level since May, even as mortgage interest rates haven’t moved at all. Consumers are concerned about the broader…
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Big Tech split？ Google to sign EU's AI guidelines despite Meta snub
The code provides guidance on how to meet the requirements of the EU’s landmark AI Act.
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Treasury yields hold steady as investors await Fed rate decision
U.S. Treasury yields held steady on Wednesday as investors keenly awaited the Federal Reserve’s interest rate decision as well as a batch of economic…
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10-year Treasury yield rises on strong GDP report ahead of Fed decision
U.S. Treasury yields held steady on Wednesday as investors keenly awaited the Federal Reserve’s interest rate decision as well as a batch of economic…
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Adidas to raise prices as US tariffs cost €200m
The German sportswear giant sources most of its products from Vietnam and Indonesia.
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Adidas slumps 7% as sportswear giant warns tariffs to drive up U.S. prices
The world’s second-largest sports retailer said that added costs associated with tariffs could total 200 million euros ($231 million) in the second half…
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Adidas slumps 6% as sportswear giant warns tariffs to drive up U.S. prices
The world’s second-largest sports retailer said that added costs associated with tariffs could total 200 million euros ($231 million) in the second half…
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Adidas slumps 9% as sportswear giant warns tariffs to drive up U.S. prices
The world’s second-largest sports retailer said that added costs associated with tariffs could total 200 million euros ($231 million) in the second half…
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Chemical giant BASF says indirect effects' of tariffs are squeezing demand and profits
Join CNBC for the latest news on what’s moving European markets.
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Porsche shares rise 3% as CEO says ongoing challenges are not a storm that will pass'
Join CNBC for the latest news on what’s moving European markets.
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UBS posts net profit beat as market volatility boosts trading
Group invested assets soared on the back of increases in the lender’s global wealth management and corporate units.
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HSBC announces $3 billion share buyback after second-quarter profit misses estimates
CEO Georges Elhedery flagged “structural challenges” to the global economy that have caused uncertainty and market volatility, citing…
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HSBC announces $3 billion share buyback after second-quarter profit plunges 29%, missing expectations
It reported profit before tax for the three months ended in June of $6.3 billion, down 29% from a year ago.
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South Korea's LG Energy Solution signs $4.3 billion battery supply deal with undisclosed party
LG Energy Solution has announced a $4.3 billion contract to supply lithium iron phosphate batteries to an undisclosed customer.
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The Fed is unlikely to cut rates Wednesday, but this meeting is packed with intrigue
Considering nothing is likely to happen when it comes to major policy decisions, the meeting promises several fascinating subplots.
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Australia's second-quarter inflation drops to lowest since March 2021, supporting case for rate cut
This was lower than the 2.2% expected by economists polled by Reuters, and is almost touching the lower band of the 2%-3% target set by the RBA
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Singapore holds monetary policy, flags slowdown in second half of the year
This comes after DPM Gan Kim Yong said the U.S. was “non-committal” on whether the level of tariffs will remain at 10% for Singapore imports into…
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Singapore warns of slowdown in second half of the year as it keeps monetary policy steady
This comes after DPM Gan Kim Yong said the U.S. was “non-committal” on whether the level of tariffs will remain at 10% for Singapore imports into…
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