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Tesla’s going through a bumpy ride. The electric vehicle company on Wednesday reported a second consecutive quarter of declining auto sales. In Europe, Tesla’s market share fell for the sixth straight month to 2.8% in June from 3.4% a year ago. The Trump administration’s plans to reportedly roll back the U.S.’ push for cleaner vehicles … Read more
This report is from this week’s CNBC’s UK Exchange newsletter by Ian King. Like what you see? You can subscribe here. The dispatch One of the City’s most prominent investment bankers recently spelled out to me the challenges, as he saw them, faced by the U.K. economy. He argued that, as a country, Britain does not … Read more
The S&P 500’s record close comes despite the Trump administration’s beef with the Federal Reserve and its use of tariffs as a bargaining tool.
This report is from this week’s CNBC’s UK Exchange newsletter by Ian King. Like what you see? You can subscribe here. The dispatch England, Napoleon Bonaparte reputedly once said, is a nation of shopkeepers. These days, he might observe that it is more a nation of administrators, insolvency practitioners and restructuring advisors. Barely a day passes … Read more
Shortly after the strikes began, the Israel’s Defense Minister Israel Katz declared a state of emergency.
SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025. Win McNamee | Getty Images The broad public and investors have something in common these days: They don’t have not a lot of love for either Tesla or CEO Elon Musk. Tesla’s stock … Read more
Jakub Porzycki | Nurphoto | Getty Images U.S. President Donald Trump’s tariffs and subsequent actions by other nations have cast a shadow over investors’ portfolios. Markets largely fell all around the world following the announcements, and the sell-off has extended into Monday. Trump and his administration has been defiant, with the U.S. president saying “it won’t … Read more
U.S. President Donald Trump speaks to members of the media aboard Air Force One before landing in West Palm Beach, Florida, U.S., March 28, 2025. Kevin Lamarque | Reuters Policy uncertainty and new sweeping tariffs from the Trump administration are combining to create a stagflationary outlook for the U.S. economy in the latest CNBC Rapid … Read more
Respondents to the March CNBC Fed Survey have raised the risk of recession to the highest level in six months, cut their growth forecast for 2025 and hiked their inflation outlook. Much of the change appears to stem from concern over fiscal policies from the Trump administration, especially tariffs, which are now seen by them … Read more
Amid the uncertainty of fiscal policy and the persistence of inflation, respondents to the CNBC Fed Survey dialed back their expectations for interest rate cuts but still believe the central bank will ease this year. Among the 25 respondents, 65% see two rate cuts in 2025, equal to the number penciled in by Federal Reserve … Read more
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