Profile: 2d1f0804...
Adidas sales rise 19% in the fourth quarter, beating expectations
Adidas on Wednesday reported an expectation-beating uptick in fourth-quarter sales, as the retailer shakes off weakness in North America and China demand.
https://www.cnbc.com/2025/03/05/adidas-ads-de-earnings-q4-2024.html
European markets set for positive open amid hopes of tariffs compromise
European stocks are heading for a higher open on Wednesday amid optimism that President Donald Trump's 25% duties on Canada and Mexico could be relaxed.
https://www.cnbc.com/2025/03/05/european-markets-live-updates-stocks-news-earnings-and-data.html
China to raise defense spending by 7.2% in 2025 to ‘firmly safeguard’ national security
China on Wednesday announced it would raise its defense spending by 7.2% this year, seeking to safeguard its security amid mounting geopolitical tensions.
https://www.cnbc.com/2025/03/05/china-to-raise-defense-spending-by-7point2percent-in-2025.html
K-pop stocks defy South Korea's political and economic woes — as well as Trump tariff threats
There is one sector that has offered hope to investors this year. One of South Korea's largest cultural exports: K-pop.
Trump says a 'little disturbance' from tariffs is OK, as markets reel from trade war
President Donald Trump conceded before a joint session of Congress that his steep new tariffs will cause "a little disturbance."
China raises budget deficit target to levels not seen since at least 2010 to shore up growth
China on Wednesday announced plans to raise its fiscal deficit to around 4% of gross domestic product, a rare increase that marks a meaningful shift in policy.
Reserve Bank of New Zealand's governor resigns after seven years of service
New Zealand central bank's Governor Adrian Orr has resigned after seven years and will complete service on March 31, according to an official statement.
https://www.cnbc.com/2025/03/05/rbnz-governor-resigns-after-seven-years-of-service.html
Watch live: Trump to address joint session of Congress at 9 p.m. ET with DOGE, tariffs and Ukraine looming
Democrats have invited as guests people who lost their federal government jobs in an effort overseen by Elon Musk and his DOGE team.
https://www.cnbc.com/2025/03/04/trump-address-joint-session-congress.html
Starbucks to lay off 1,100 corporate workers as sales sag
Starbucks made the layoff announcement after four straight quarters of falling same-store sales.
https://www.cnbc.com/2025/02/24/starbucks-to-lay-off-1100-corporate-workers.html
Trump's broadside against wind industry puts projects that could power millions of homes at risk
States in the Mid-Atlantic and Northeast were heavily betting on offshore wind to meet their future power needs.
U.S. and Ukraine could still secure minerals deal that is 'positive' for both sides, officials say
U.S. President Donald Trump's hopes of securing 50% ownership rights to Ukraine's rare earth minerals hit a wall Saturday after President Volodymyr Zelenskyy rejected the bid as too focused on U.S. interests.
China's central bank governor says stable yuan key to global financial stability
People's Bank of China Governor Pan Gongsheng told a conference in Saudi Arabia that while most currencies have fallen against the dollar, the yuan has remained stable.
US presented Ukraine with a document to access its minerals but offered almost nothing in return
Ukrainian President Volodymyr Zelenskyy says he directed his ministers not to sign off on a proposed agreement to give the United States access to Ukraine's rare earth minerals because the document was too focused on U.S. interests.
https://www.cnbc.com/2025/02/16/us-sent-ukraine-minerals-deal-offered-almost-nothing-in-return.html
Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%
The consumer price index was expected to increase 0.3% in January, according to the Dow Jones consensus estimate.
Trump says interest rates should be 'lowered' to go 'hand-in-hand' with his tariffs
CVS shares pop 10% on big earnings beat, even as high medical costs drag down insurance unit
It caps off the first full quarter with David Joyner, a longtime CVS executive, as CEO of the troubled retail drugstore chain.
https://www.cnbc.com/2025/02/12/cvs-health-cvs-earnings-q4-2024.html
Trump fires USAID's inspector general after his office released a report critical of the administration
Paul Martin's office put out a report Monday detailing the negative impact of the Trump administration’s push for drastic cuts at the agency.
Appeals court rejects Trump administration bid to immediately reinstate funding freeze
The 1st U.S. Circuit Court of Appeals denied the Justice Department's request to pause a judge's order while it challenges the order in court.
Fintech unicorn Zepz to lay off 20% of its global workforce, sources say
London-based fintech Zepz is laying off around 200 IT workers as part of a major redundancy plan, two employees impacted by the move told CNBC.
https://www.cnbc.com/2025/02/12/fintech-unicorn-zepz-to-lay-off-200-employees-sources-say.html
India's inflation cools to lower-than-expected 4.31% in January
This could clear the way for another rate cut by the Reserve Bank of India, which slashed rates from 6.5% to 6.25% after its monetary policy meeting on Feb. 7.
https://www.cnbc.com/2025/02/12/india-inflation-slows-for-a-third-straight-month-.html