Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Bank of England holds UK interest rate steady at 3.75% — but policymakers see upside inflation risk
The Bank of England on Thursday held U.K. interest rates steady at 3.75%, in line with economists’ expectations.
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Yum Brands reports mixed results but gives no update on Taco Bell cyclospora outbreak
The restaurant company provided no update on the cyclospora outbreak tied to Taco Bell restaurants is affecting its business.
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Loeffler’s financial disclosure reveals husband’s ties to exclusive Trump Jr.-backed private club
The Executive Branch club, where members include Trump administration officials, investors and business leaders, charges a $500,000 entry fee.
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Trump promised a ‘golden age’ for agriculture. Farmers in Iowa say they’re still waiting
President Donald Trump has promised a “golden age” for agriculture, but farmers in Iowa and elsewhere are struggling with tariffs and the Iran war.
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Oil prices move higher as Iran threatens response to latest U.S. strikes
Brent crude futures, the international benchmark, gained 1.5% to $92.10 a barrel. U.S. West Texas Intermediate futures advanced 0.9% to $85.23 per barrel.
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Meta tanks nearly 9%, Microsoft jumps 8% as the AI trade splits Big Tech
Microsoft posted strong Azure and Copilot growth, while Meta missed revenue guidance forecasts as free cash flow plunged leading to diverging stock moves.
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Jeep maker Stellantis swings to profit on rising demand in North America; shares fall 5%
Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America.
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Rolls-Royce jumps 4% as it sees boost from both the defense boom and AI data center buildout
Orders in the company’s data center power business grew more than 50% in the first half of the year.
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Treasury sell-off continues after divided Fed holds interest rates steady
U.S. Treasury yields continued their upward climb on Thursday as investors weighed the Federal Reserve’s decision to hold interest rates steady.
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CNBC Daily Open: Oil heats up on Middle East tensions as Fed sees a ‘family fight’
Tensions in the Middle East are heating up again. U.S. forces hit Iran late Wednesday stateside, after Trump’s threat to give Tehran a “beating.”
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