Treasury Secretary Scott Bessent on Wednesday said President Donald Trump’s recently announced 15% global tariff will be implemented sometime this week. Bessent, in an interview on CNBC’s “Squawk Box,” also predicted that U.S. tariff rates would soon effectively return to where they stood before the Supreme Court struck down Trump’s most expansive duties. “It’s my…
The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. Lisi Niesner | Reuters Shares of Adidas fell as much as 8% on Wednesday after providing a disappointing 2026 outlook, as it grapples with unfavorable currency swings and a hit from U.S. tariffs. The…
David Solomon, CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026. Oscar Molina | CNBC Goldman Sachs‘ Chairman and CEO David Solomon said financial markets have had a surprisingly “benign” reaction to the Iran war, as the conflict enters its fifth day. The Goldman…
The Damac Heights real estate development, right, in the Dubai Marina in Dubai, United Arab Emirates, on Friday, Feb. 20, 2026. Bloomberg | Bloomberg | Getty Images Stocks listed in Dubai and Abu Dhabi slid on Wednesday, as UAE indexes reopened from a two-day closure that followed Iranian drone and missile strikes on the nation….
U.S. President Donald Trump takes questions from the media during a bilateral meeting with German Chancellor Friedrich Merz in the Oval Office of the White House on March 03, 2026 in Washington, DC. Win Mcnamee | Getty Images What you need to know today South Korea’s Kospi recorded its worst day on record, plunging 12% on…
Traders work at the New York Stock Exchange on March 2, 2026. NYSE LONDON — European stocks are expected to open in mixed territory on Wednesday as markets continue to track the war in the Middle East. The U.K.’s FTSE index is seen opening 0.3% higher, Germany’s DAX and France’s CAC 40 flat and Italy’s FTSE…
Pedestrians look out across the city skyline as they walk along the Tabiat bridge in Tehran, Iran, on Saturday, Aug. 4, 2018. Ali Mohammadi | Bloomberg | Getty Images A widening Middle East conflict has posed a fresh test for global central banks, as fears of an oil shock and renewed inflation risks complicate policymakers’ calculus…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Nvidia’s latest warning is that Chinese rivals are going to disrupt the world. It’s not just in chips. More often than not, the chatter among…
India’s Prime Minister Narendra Modi (R) walks with Canada’s Prime Minister Mark Carney before their meeting at the Hyderabad House in New Delhi on March 2, 2026. Sajjad Hussain | Afp | Getty Images India and Canada need new friends — and customers. So this week, they put past, painful differences aside to pledge closer…
A cargo ship is parked at a berth loading and unloading containers at the Lianyungang Port Container Terminal in Jiangsu Province, China on March 1, 2026. Cfoto | Future Publishing | Getty Images China’s factory activity faltered in February as manufacturers paused production and cargo shipment to celebrate an extended holiday, an official survey showed…
