President Donald Trump’s trade war suffered a big setback with many of his administration’s tariffs ruled illegal by a federal appeals court last Friday. Billions of dollars in trade duties may potentially need to be refunded to businesses as trade deals struck by the White House with other nations are thrown into question. But for…
Marc Benioff, co-founder and CEO of Salesforce, attends the 50th World Economic Forum in Davos, Switzerland, on Jan. 21, 2020. Denis Balibouse | Reuters There was a moment, during the pandemic-fueled growth days of 2020, when Salesforce surpassed Oracle by market cap. Marc Benioff had finally toppled his protege, Larry Ellison. That moment is long…
Key Points Global bond yields are rising on fiscal concerns, but U.K. borrowing costs face further specific challenges. Those include its joint current account and fiscal deficit, persistent inflationary challenges and modest growth expectations. A particular challenge on the long-end is a change in composition of gilt holders toward foreign hedge funds, which demand a…
Warren Buffett told CNBC on Tuesday that he is disappointed in the Kraft Heinz split that unwinds much of the blockbuster merger he masterminded a decade ago. With a 27.5% stake in the company, Berkshire Hathaway is Kraft Heinz’s largest shareholder. The firm has not touched its shares since the 2015 merger that formed the…
The National Guard, police and protesters stand off outside of a downtown jail in Los Angeles following two days of clashes with police during a series of immigration raids on June 08, 2025 in Los Angeles, California. Spencer Platt | Getty Images A federal judge on Tuesday barred President Donald Trump from deploying National Guard…
Russian President Vladimir Putin (L), Chinese President Xi Jinping (2nd R) and Mongolian President Ukhnagiin Khurelsukh (not seen) get together for a trilateral meeting in Beijing, China on September 2, 2025. Anadolu | Anadolu | Getty Images Russia and China on Tuesday signed a legally binding deal to build the long-delayed Power of Siberia 2…
Oil prices edged down on Tuesday after surging nearly 2% in the previous session, as traders kept a close watch on developments in the Russia-Ukraine conflict. Anton Petrus | Moment | Getty Images Oil prices gained ground on Tuesday, as Ukraine war escalations raised questions over the resilience of Russian supplies, while uncertainty lingers over…
European consumers are facing higher prices when going to the supermarket. Andia | Universal Images Group | Getty Images Euro zone inflation edged higher to 2.1% in August, according to the latest flash data from statistics agency Eurostat on Tuesday. Economists polled by Reuters had expected the rate to remain unchanged from July, at 2%….
Nestle ‘s abrupt axing of its CEO has been billed as a “shock” and an “emergency” by analysts, who are bracing for more pressure on the company’s stock in the aftermath. The Swiss consumer staples giant on Monday announced that it had terminated CEO Laurent Freixe with immediate effect, following an internal investigation into an…
U.S. Treasury Secretary Scott Bessent attends a press conference at government quarters Rosenbad after the trade talks between the U.S. and China concluded, in Stockholm, Sweden, July 29, 2025. Magnus Lejhall | TT | Via Reuters Even if the U.S. Supreme Court agrees with a federal appeals court’s ruling that most of President Donald Trump’s…
