This report is from this week’s CNBC’s UK Exchange newsletter by Ian King. Like what you see? You can subscribe here. The dispatch One of the City’s most prominent investment bankers recently spelled out to me the challenges, as he saw them, faced by the U.K. economy. He argued that, as a country, Britain does not…
Join CNBC for live updates on European markets. <
China has kicked off construction on the world’s largest hydropower dam, and analysts expect the colossal undertaking to be a huge boost for hydro-equipment and materials suppliers. Chinese Premier Li Qiang launched the construction of the mega-dam, located on the eastern rim of the Tibetan plateau, that is expected to produce 300 billion kilowatt-hours of…
Lynsi Snyder, the billionaire owner and president of California-based burger chain In-N-Out Burger, says her company isn’t moving its corporate headquarters to Tennessee — it’s merely opening a new office there. “We’re not moving In-N-Out Burger’s corporate headquarters,” Snyder, 43, said on Monday. “We’re not leaving California, or leaving our roots behind. Each one of…
Alphabet and Amazon are buying opportunities ahead of their earnings results, while other plays on artificial intelligence such as Quanta Services are set to get a strong boost, according to Keith Gangl, senior portfolio manager at Gradient Investments. Gangl joined “Power Lunch” on Tuesday to offer his thoughts on the “Magnificent Seven” companies ahead of…
A Delta Air Lines Airbus A220 airplane prepares to takeoff at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 10, 2025. Saul Loeb | Afp | Getty Images Three Democratic senators have pressed Delta Air Lines Ed Bastian to answer questions about the airline’s planned use of artificial intelligence to set ticket prices, raising concerns…
Recently imported brand new unregistered Honda cars are parked in a storage yard at the Port of Bristol on January 15, 2025 near Bristol, England. Anna Barclay | Getty Images Shares of Japanese automakers surged after U.S. auto tariffs were reportedly lowered to 15% from the current 25%, according to public broadcaster NHK, citing a…
Japan’s Prime Minister and Liberal Democratic Party President Shigeru Ishiba takes part in a debate with leaders of other political parties at the Japan National Press Club on July 02, 2025 in Tokyo, Japan. The party leaders held a debate ahead of Japan’s upper house election, scheduled for July 20. Tomohiro Ohsumi | Getty Images…
Capital One shares rose on Tuesday evening despite the company reporting an extremely noisy second-quarter result due to the Discover integration. Still, we like where the company is headed with this game-changing acquisition. Revenue in the three months ended June 30 increased 31% year over year to $12.5 billion, missing the consensus estimate of $12.7…
Sen. Mike Lee, R-Utah., speaks to reporters as he arrives for the Senate Republicans’ lunch meeting in the U.S. Capitol on Tuesday, June 17, 2025. Bill Clark | CQ-Roll Call, Inc. | Getty Images Sen. Mike Lee, R-Utah, on Tuesday reportedly shared and then hastily deleted a fake, apparently AI-generated letter purporting to show Jerome…
