Economy

Ulrich Koerner, chief executive officer of Credit Suisse Group AG, during a Bloomberg Television interview in London, UK, on Tuesday, March 14, 2023. Hollie Adams | Bloomberg | Getty ImagesUBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity once its emergency purchase of the stricken… […]

QINGDAO, CHINA – MAY 06: Aerial view of illuminated Qingdao Qianwan Container Terminal at dusk on May 6, 2023 in Qingdao, Shandong Province of China.Vcg | Visual China Group | Getty ImagesChina’s exports grew 8.5% in April in U.S. dollar terms, marking a second-straight month of growth, while imports fell 7.9% compared with a year… […]

India’s Prime Minister Narendra Modi flashes victory sign at the Bharatiya Janata Party (BJP) headquarters to celebrate the party’s win in country’s general election, in New Delhi on June 4, 2024. Money Sharma | Afp | Getty Images Indian Prime Minister Narendra Modi will have to seek power-sharing agreements for a historic third term in […]

DUBAI, United Arab Emirates — State oil giant Saudi Aramco on Tuesday reported a 19% drop in its first-quarter earnings, recording net income of $31.9 billion down from $39.5 billion the previous year amid falling oil prices.Analysts expected to see a dip in net profit in its most recent quarter compared with the previous year,… […]

Nintendo is hoping key games such as Mario and Zelda will help it keep players interested in its ageing Switch console series.Charly Triballeau | AFP | Getty ImagesNintendo reported a fall in profit and revenue in its fiscal year driven by a drop in sales of its flagship Switch console.For its full fiscal year, which… […]

Investors should be wary of bearish strategists who opt for a macro view and instead focus on individual companies, CNBC’s Jim Cramer said Monday.”You always hear about missing the forest for the trees, but when you’re picking stocks, it’s just as important not to miss the trees for the forest,” Cramer said.In a market where… […]

President Donald Trump on Monday said the U.S. will impose fees in the Strait of Hormuz “at the rate of 20% on all cargo shipped,” after declaring America the “guardian” of the major oil shipping route. Trump, in a Truth Social postalso said the U.S. will reimpose its blockade of Iranian ports near the strait […]

U.S. President Donald Trump speaks during a Freedom 250 Grand Prix Showcase at the White House in Washington, D.C., U.S., July 13, 2026. Kylie Cooper | Reuters President Donald Trump plans to claim in a Thursday night speech that newly declassified intelligence reports reveal a foreign nation’s plans to interfere in the 2020 presidential election […]

A Florida federal judge in a scathing order Monday said President Donald Trump filed a $10 billion lawsuit against the Internal Revenue Service “for an improper purpose” — to gain the appearance of “judicial legitimacy for a ‘settlement’ that had no viable basis in law or fact.” That controversial out-of-court settlement with the IRS and […]

A parasitic infection called cyclospora, often transmitted through contaminated food or water, is spreading across the U.S. The Centers for Disease Control and Prevention reports at least 843 cases of the illness — which can cause weeks of watery diarrhea, as a primary symptom — and 86 hospitalizations, as of July 9. The country’s numbers […]