timef 05/13/2025

Trump's participation in the forum came after he signed a series of bilateral agreements with Saudi Crown Prince Mohammed bin Salman.

It's likely Microsoft's largest job purge since it said goodbye to 10,000 employees in 2023.

Trump has long praised tariffs as a key tool for negotiating with other countries and collecting federal revenue.

The consumer price index was expected to increase 0.2% in April for a 2.4% annual inflation rate.

Global supply chain and manufacturing anxiety was near a breaking point, new data indicates, ahead of the U.S.-China trade war de-escalation.

The wildfires, which devastated Los Angeles in January, led to claims worth almost $1.9 billion for two of the world’s biggest reinsurers.

The recent tariff cut has offered a window of opportunity for them to ramp up shipments from China and restock their warehouses and fulfill existing orders.

The EU is preparing new sanctions on Russia despite a potential meeting between Vladimir Putin and Volodymyr Zelenskyy on Thursday, three sources told CNBC.

The SoftBank CFO said OpenAI's planned restructuring with the nonprofit keeping control is something that was expected.

India's headline inflation eased to 3.16% in April, the sixth consecutive month of decline.

At the Tegernsee summit, business leaders urged Germany's new government to turn campaign promises into reality.

The partnership will help achieve the "Dubai Cashless Strategy," which seeks to solidify Dubai's status as a leading digital city.

Revenue for the full financial year rose 6.2%, but operating profit fell 12.2% and missed expectations.

Softbank's Vision Fund business posted a loss in the fiscal year ended March as it posted slowing gains at its massive tech investment arm.

Airports are open, and it is safe to travel in India, he added.

Over the weekend, both the U.S. and China agreed to reciprocally slash tariffs on each other for 90 days from 125% to 10% — much more than expected.

Global banks are reviewing their China calls after the thawing of trade relations between Washington and Beijing.

Fintechs like Revolut and Monzo got a revenue boost from higher interest rates. Now, they face a key test as rates decline.

Nearly a fifth of U.S. retail sales last year came from Christmas shopping, according to CNBC calculations based on data from the National Retail Federation.

Tokyo, Osaka, Paris and Shanghai lead the world for growth in summer travel bookings, according to a report published Monday by Mastercard Economics Institute.

Over the weekend, both the U.S. and China agreed to reciprocally slash tariffs on each other for 90 days from 125% to 10% — much more than expected.

Samsung launched the Galaxy S25 Edge, a device that is just 5.8 millimeters thin and weighs 163 grams. The device starts at $1,099.

Amazon and Microsoft, OpenAI's principal investor, are backing generative AI startups with hefty investments as well as developing their own technologies.

Shares of Mattel, Hasbro, Jakks and Funko rallied on Monday after the U.S. agreed to temporarily reduce tariffs on China.

Through its company-owned and franchised restaurants, McDonald's is one of the nation's largest private employers.

The sky-high tariffs imposed by President Donald Trump on imports from China have largely been rolled back temporarily under the trade agreement.

Trump's trade deal with China and pause on the highest tariffs means another surge is coming in global trade, but business uncertainty isn't going away.

The tentative U.S.-China trade deal brought a fresh wave of optimism to Wall Street.

"I could be a stupid person and say no, we don't want a free plane," Trump said.