Donald Trump Jr. on Wednesday called traditional banking a “Ponzi scheme” that effectively forced the Trump family to start its crypto venture World Liberty Financial after banks closed the family company’s accounts in early 2021. “You know, we didn’t get into crypto because we were on the leading edge,” Trump Jr. told CNBC’s Sara Eisen…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Arthur Mensch, CEO of Mistral AI, discusses future growth, competition and AI strategy from the India AI Impact Summit. 14:00 Wed, Feb 18 20263:31 AM EST <
Oil prices rose more than 2% on Wednesday, after Vice President JD Vance said Iran did not address U.S. red lines in nuclear talks this week and President Donald Trump reserves the right to use military force. U.S. crude oil rose $1.56, or 2.5%, to $63.89 per barrel. Global benchmark Brent was up $1.61, or…
BAE Systems attracted record orders in 2025, and now the UK defense staple is setting its sights on years of growth amid a global ramp-up in spending. Its shares rose 3.6% on Wednesday after its full-year earnings report showed sales soared 10% last year to reach a record £30.7 billion ($41.7 billion). That helped push…
The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty Images New York-listed shares of British semiconductor firm Arm ticked 1.4% higher in premarket trading on Wednesday, after documents…
Germany’s huge fiscal expansion is now starting to show up in macro data, and investors are betting it will turbo-charge European growth in the coming months. But defense spending — a cornerstone of the package — could fall short of the ambitious ramp-up this year, a Goldman Sachs note says. The historic fiscal stimulus plan…
U.S. President Donald Trump speaks to journalists aboard Air Force One en route to South Korea on October 29, 2025 in Japan. Andrew Harnik | Getty Images News | Getty Images U.S. President Donald Trump has welcomed Japan’s pledge to invest nearly $36 billion in oil, gas and critical mineral projects in Texas, Ohio and…
Traders work at the New York Stock Exchange on Feb. 10, 2026. NYSE LONDON — European stocks opened higher on Wednesday as investors weighed the latest U.K. inflation data and monitored global market developments. The pan-European Stoxx 600 was roughly 0.5% higher shortly after the open, and the U.K.’s FTSE 100 and France’s CAC 40…
A customer looks at goods on a shelf in a supermarket on January 15, 2025 in London, England. Dan Kitwood | Getty Images News | Getty Images The U.K. inflation rate cooled to 3% in January, according to the latest figures from the Office for National Statistics (ONS). Economists polled by Reuters had expected the consumer price…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch Some takeovers of U.K. companies arouse little attention. Others, like the £11.5-billion takeover of Cadbury by Kraft in 2010, stir emotions even many years later. To judge from the initial response, it feels as if the…
