Wall Street may be taking the wrong lesson from the latest tariff updates. Stocks sold off Monday, with the Dow Jones Industrial Average falling more than 400 points after President Donald Trump announced steep new tariffs on goods from South Korea and Japan. Subsequent announcements brought that tally up to 14 countries. Trump also moved…
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Rank Empire Value Key operator(s) Notable sports properties (*owns 50% or less) 1 Kroenke Sports & Entertainment $21.17B Stanley Kroenke (owner, chairman), Josh Kroenke (vice chairman) NFL’s Los Angeles Rams, NBA’s Denver Nuggets, NHL’s Colorado Avalanche, Premier League’s Arsenal 2 The Jones family $15.53B Jerry Jones (owner, president, general manager of the Dallas Cowboys) NFL’s…
Containers sit at the Port of Los Angeles, in San Pedro, California, U.S., July 8, 2025. Daniel Cole | Reuters U.S. President Donald Trump announced Tuesday that copper and pharmaceutical imports will face tariffs of 50% and as high as 200%, respectively. Following the news, the S&P 500, which hit multiple record closes last week,…
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Starbucks China has attracted offers for a potential stake sale, valuing the coffee chain at up to $10 billion, three people familiar with the deal process told CNBC. Almost 30 domestic and foreign private equity firms in China have submitted non-binding offers, the sources said, adding that proposals on the table value the business between…
This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and other key developments you won’t want to miss. Like what you see? You can subscribe here. The dispatch Some 31 years after they were privatized, the U.K.’s railways…
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The “one big beautiful” tax-and-spending package President Donald Trump signed on Friday included several significant changes for higher education — among them, an increased tax on the endowment income of the nation’s top colleges. Instead of the existing flat 1.4% tax rate, there is now a new multi-tiered rate of up to 8%, with larger endowments subject…
Shao Chun Chen moved from Singapore to Thailand in November 2024. Courtesy of Shao Chun Chen When Shao Chun Chen was laid off from his dream job at Google in early 2024, he was forced to take a break and rethink how he wanted his life to look like. Suddenly, he was no longer obligated…
