Philip Lane, chief economist of the European Central Bank. Bloomberg | Bloomberg | Getty Images The European Central Bank’s latest period of monetary tightening is “done,” the institution’s chief economist Philip Lane told CNBC on Tuesday. “We do think the last cycle is done, bringing inflation down from the peak of 10[%], back to 2%,…
The U.S. Capitol in Washington, D.C. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump’s “big, beautiful bill” — or officially, the One Big Beautiful Bill Act (OBBBA) — is a controversial piece of legislation, but some banks are in favor of it, saying it’s the shot in the arm the economy needs. It was…
What a first half of the year it has been. In the first six months, the world saw a (not so) new U.S. president in the Oval Office, said president upend the global trade landscape, and a president in South Korea removed from office. Conflicts also broke out between India and Pakistan, as well as…
An Apple logo is displayed on a smartphone with stock market values in the background. SOPA Images | LightRocket | Getty Images Apple is weighing using artificial intelligence technology from Anthropic or OpenAI to power a new version of Siri, instead of its own in-house models, Bloomberg News reported on Monday. Shares of the iPhone maker, which had traded down earlier in the session, closed…
Jim Cramer’s second-half playbook for investors is all about getting back to the basics. On CNBC’s “Squawk on the Street,” Cramer had a straightforward response when asked where investors should put their focus in the coming months. Choose stocks in companies that are “doing well,” he said Monday, shortly before the opening bell, as the…
Shanghai Bund skyline panorama Yangna | E+ | Getty Images Asia-Pacific markets traded mixed Tuesday as investors assessed the record gains on Wall Street and the global impact of U.S. President Donald Trump’s tariff policies as his 90-day tariff reprieve is set to expire next week. U.S. Treasury Secretary Scott Bessent said on Monday that there are…
With NATO members committing to a much higher defense spending target, certain companies are expected to see huge boosts to their bottom lines – particularly those headquartered in Europe. NATO announced at its annual summit last week that its members had agreed to drastically ramp up defense spending, with the majority of its 32 member…
Traders work at the New York Stock Exchange on June 25, 2025. NYSE U.S. equity futures TK on Monday night after the S&P 500 notched another record to close out a stunning month and quarter. Futures tied to the Dow Jones Industrial Average slipped 59 points, or 0.1%. S&P 500 futures dropped 0.1%, as did…
Nvidia and Microsoft will be the first to join the exclusive $4 trillion market cap club as the appetite for artificial intelligence skyrockets, according to Dan Ives, Wedbush Securities global head of technology research. The two stocks have had an incredible bounce back this quarter after a rough start to the year, as fears around…
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event on Wednesday, Sept. 25, 2024. Bloomberg | Bloomberg | Getty Images Meta shares hit a record high on Monday, underscoring investor interest in the company’s new AI superintelligence group. The company’s shares reached $747.90 during midday trading, topping Meta’s previous stock…
