People shop for pet supplies at a pet retail store in New York City, Aug. 12, 2025. Spencer Platt | Getty Images Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it’s far from alone in that view among its Wall Street brethren. Despite investors’ embrace of…
Shares of crypto exchange Bullish soared Wednesday after the cryptocurrency exchange raised about $1.1 billion in an initial public offering. The stock opened at $90 on the New York Stock Exchange, 143% above its IPO price of $37. At one point, it rose as high as $118 before closing at $68, a gain of more than…
A sale sign inside a clothing store in Artesia, California, U.S. on August 7, 2025. Patrick T. Fallon | Afp | Getty Images Waiting for tariff-induced price increases in the U.S. to show up can feel like watching an M. Night Shyamalan movie. July’s consumer price index came in mostly benign. The headline annual rate…
Apple CEO Tim Cook (R) shakes hands with U.S. President Donald Trump during an event in the Oval Office of the White House on August 6, 2025 in Washington, DC. Win Mcnamee | Getty Images Top tech executives are at the forefront of a recent swathe of unprecedented deals with U.S. President Donald Trump. In…
JD Vance’s U.K. trip has caused a stir, with locals staging a ‘Vance not welcome party’ on Tuesday after the U.S. vice president’s motorcade arrived in the picturesque Cotswolds. “Bullies not welcome here,” read one sign, while another called to “make America moral again.” Other placards mocked the U.S. official more directly, saying “JD Vance’s…
Hello, I’m Anniek Bao, a China economy and business reporter, filling in for Evelyn this week. Welcome to another edition of The China Connection. This week, I look at how the World Robot Conference put China’s ambitions for humanoid robots on full display, even as engineers and investors acknowledge that integrating them into everyday life…
The Tencent logo is displayed on the exterior of a building at the company’s headquarters, with a surveillance camera visible in the foreground, on November 30, 2024, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images Tencent on Wednesday reported a 15% jump in second-quarter revenue as a strong performance in…
A firefighter falls on the ground while working to extinguish a wildfire in San Cibrao das Viñas, outside Ourense, northwestern Spain, on August 12, 2025. Miguel Riopa | Afp | Getty Images Record-breaking heat has swept across Europe in recent days, pushing temperatures well beyond 40 degrees Celsius (104 Fahrenheit) in some areas and fueling…
Global rally Traders work on the floor of the New York Stock Exchange on Aug. 12, 2025. Spencer Platt | Getty Images It isn’t just stocks in Europe that are on the rise. Overnight in Asia, shares have been rallying, with Japan’s Nikkei 225 hitting an all-time high and Hong Kong’s Hang Seng Tech Index…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch After several years in the Big Apple, I knew my return to London would be a culture shock. Instead of Times Square with its skyscrapers and blinding lights, I would roam around Piccadilly Circus and its Victorian…
