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Rex Salisbury, the solo GP behind Cambrian Ventures, fondly recalls the time he fell in love with fintech. The year was 2015, he had recently left his job as an investment banker to try his hand on engineering at a mortgage startup in San Francisco. “That’s when you had companies like Stripe, Plaid, Credit Karma, … Read more
For months, Port of Los Angeles Executive Director Gene Seroka warned of slashes to shipment arrivals from China and reduced hours for dock workers and truckers as a result of President Donald Trump’s aggressive tariff threats. As the busiest port in the U.S. saw record-setting shipping volumes last month, Seroka still isn’t breathing a sigh … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. PwC is planning to cut about 175 junior auditors in the UK and has told other staff that pay rises will be lower this year, as the Big Four firm grapples with tougher market conditions. … Read more
U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters At U.S. Federal Reserve Chair Jerome Powell’s post-meeting press conference, the topic of tariffs — specifically, their impact on prices … Read more
IAG SA said the weaker demand on transatlantic routes has shown signs of easing over the past three weeks as the travel outlook begins to stabilize following a period of uncertainty. The British Airways owner noticed “several weeks” of demand softness in its economy cabins from the US, though the situation is now recovering, IAG … Read more
SEOUL, SOUTH KOREA – 2025/04/16: An APEC 2025 large-scale promotional video and a statue of King Sejong the Great are seen at Gwanghwamun Square in central Seoul. Sopa Images | Lightrocket | Getty Images An intergovernmental grouping of 21 economies including the United States and China warned Thursday that their collective growth risks a sharp … Read more
Honda Canada will postpone a $15-billion Canadian (US$10.7 billion) electric vehicle investment project in Canada’s most populous province, including a proposed EV battery plant and retooled vehicle assembly facility. Honda Canada spokesman Ken Chiu said Tuesday due to the recent slowdown in the EV market, Honda has announced an approximate two-year postponement of the comprehensive … Read more
Tourists visit Pingyao Ancient City on the second day of the May labor day holiday on May 2, 2025 in Jinzhong, Shanxi province of China. Vcg | Visual China Group | Getty Images This report is from this week’s edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving … Read more
The $10 billion container shipping industry, the one that moves boxes full of everything and anything around global seas, has this phenomenon called “blank sailings.” To understand the term of art, think of the world-spanning ocean-bound trade economy like a bus system, where several buses—or ships—are making stops along a set route. If the people … Read more
The Intel headquarters in Santa Clara, California, US, on Wednesday, April 23, 2025. Intel Corp. is scheduled to release earnings figures on April 24. David Paul Morris | Bloomberg | Getty Images Intel CFO David Zinsner said President Donald Trump’s tariffs and retaliation from other countries has increased the likelihood of a recession. “The very … Read more
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