White House economic adviser Kevin Hassett speaks next to U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | Reuters President Donald Trump will tap his top economic advisor Kevin Hassett to be the next Fed chair, according to respondents to a special…
A student studies in the Perry-Castaneda Library at the University of Texas at Austin, Feb. 22, 2024. Brandon Bell | Getty Images As back-to-school season gets underway, parents have many more ways they can spend funds in 529 college savings plans this year, due to President Donald Trump‘s “big beautiful bill.” Yet a new survey…
Hertz sells hundreds of thousands of vehicles per year, in addition to running its signature car rental business. Courtesy of Hertz Hertz on Wednesday announced it will start selling pre-owned vehicles on Amazon Autos, a move meant to bolster the car rental company’s retail operations as it looks to bring in more profits. Shares of…
In an aerial view, a Target store is seen on August 11, 2025 in Austin, Texas. Brandon Bell | Getty Images Target will report fiscal second-quarter earnings before the bell on Wednesday, as investors look for signs that the struggling discounter is getting back on track. Here’s what Wall Street expects for the company’s most…
Coils, coiled copper wires, lie on pallets in the wire plant (coiler) at Aurubis AG. Picture Alliance | Picture Alliance | Getty Images U.S. President Donald Trump has slammed an appeals court decision to temporarily block a land transfer needed by mining giants Rio Tinto and BHP to develop what is slated to become one…
Geopolitics, currency moves and extreme weather are increasingly playing into tourists’ considerations for their next vacation and affecting classic holiday destinations. Staple European spots France, Spain and Croatia, for example, have been facing record-breaking heat in recent weeks, which triggered wildfires in some locations. Conflict in the Middle East has meanwhile meant that tourists in…
An aerial view shows people cooling off on a beach in Qingdao, in eastern China’s Shandong province on August 18, 2025. -Str | Afp | Getty Images 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. Each week, we’ll explore…
This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and other key developments you won’t want to miss. Like what you see? You can subscribe here. The dispatch Episodes in which the mighty KKR receives a bloody nose…
The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025. Kazuhiro Nogi | Afp | Getty Images Shares Japan’s SoftBank Group plunged as much as 9.2% Wednesday, as technology stocks in Asia declined, tracking losses in U.S. peers overnight. The tech-focused investment firm saw shares drop…
Borough Market in London, United Kingdom, on Aug. 27, 2024. Mike Kemp | In Pictures | Getty Images LONDON — European stocks are expected to open lower on Wednesday as global market sentiment wavered. The U.K.’s FTSE index is seen opening 0.18% lower, Germany’s DAX 0.6% lower, France’s CAC 40 down 0.56% and Italy’s FTSE MIB…
