timef 05/05/2025
- Trump set to raise millions from crypto and memecoin this month cnbc.com2025-05-05 22:43:50
About 80% of the $TRUMP token supply is controlled by the Trump Organization and affiliates, according to the project's website.
- Skechers to be acquired by 3G Capital in take-private deal, shares soar 25% cnbc.com2025-05-05 21:53:31
Footwear giant Skechers will be acquired by 3G Capital for $63 per share, a 30% premium to its current valuation on the public markets.
- Incoming German chancellor Merz vows reforms and investments as parties sign coalition agreement cnbc.com2025-05-05 20:48:18
Germany's incoming Chancellor Friedrich Merz and the country's new cabinet are set to take office Tuesday.
- Warren Buffett to remain Berkshire Hathaway chairman, Greg Abel to become CEO at year-end, board votes cnbc.com2025-05-05 18:51:58
With Buffett remaining as chairman, shareholders may be comforted that the 'Oracle of Omaha' will remain to help Abel with any big acquisition opportunities.
- European markets mixed, Erste Group Bank rises 7% after acquiring stake in Santander's Polish unit cnbc.com2025-05-05 17:08:50
European bourses saw a mixed start to the week on Monday, with U.K. markets closed for a bank holiday.
- China risks a spiral into deeper deflation as it diverts U.S.-bound exports to domestic market cnbc.com2025-05-05 11:35:02
Prices will need to drop for buyers for them to absorb goods meant for exports, experts warn — risking deeper deflation in China.
- AI may 'exacerbate inequality' at work. Here's how experts think companies should address that cnbc.com2025-05-05 11:19:20
The AI boom could drive unemployment and "potentially exacerbate inequality," said CIMB Group's Pedro Uria-Recio.
- Australian markets set to rally after Prime Minister Albanese's reelection; most Asian markets closed for holiday cnbc.com2025-05-05 07:53:49
Japan, South Korea, Hong Kong and China were closed for holidays.
- U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June cnbc.com2025-05-05 06:10:35
OPEC+ is bringing more than 800,000 bpd of additional supply to the market over the course of two months.
- Disney and Marvel's 'Thunderbolts*' snares $76 million domestic opening cnbc.com2025-05-04 23:45:22
Disney and Marvel's "Thunderbolts*" tallied an estimated $76 million during its domestic opening weekend, the third highest debut of 2025.
