Economy

November consumer prices rose at a 2.7% annual rate, lower than expected, delayed data shows

Economists polled by Dow Jones expected CPI to have risen 3.1% on an annualized basis.

Bank of England cuts interest rates, in welcome Christmas boost for consumers

The Bank of England voted to cut interest rates from 4% to 3.75% in its last monetary policy move of 2025.

‘We wanted to take action’: US toy company fights back over Trump tariffs

Learning Resources is suing the administration, claiming the president’s tariffs are illegal – and millions of dollars are on the line

BP has appointed its fourth CEO in 6 years

The oil giant has replaced Murray Auchincloss after less than two years. But Steve Sedgwick argues it's not a fundamental course correction.

$15,000 copper? Top mining CEO warns supply challenges aren't going anywhere

Mining disruptions, supply constraints and tariff fears have sent copper prices to record highs this year.

CNBC Daily Open: Oracle's debt seems to be affecting data center funding

Despite the recent pullback in artificial intelligence stocks, the Bank of America thinks "the AI trade may still have room to run into 2026."

BP names new CEO

BP's share price is up over 15% year-to-date. It made gains in the previous session and after hours trading as investors responded to the news.

European markets close higher following central bank bonanza

European stocks ended in positive territory Thursday as traders prepared for central bank decisions.

Edinburgh Worldwide Investment Trust urges shareholders to throw out Boaz Weinstein's bid to overhaul board

The Baillie Gifford-run trust faces a boardroom battle with activist investor Boaz Weinstein's Saba Capital.

Are Electric Vehicles Finished?

Turn any article into a podcast. Upgrade now to start listening.

Asia-Pacific markets track Wall Street declines as rotation out of tech continues

Softbank Group Corp was among the top losers in the benchmark Nikkei 225, falling as much as 7.25%.

From Starbucks to Burger King: Western food giants are selling large stakes to Chinese private equity funds

Starbucks and Burger King are betting big on a partnership model that's gaining traction in China, divesting stakes to local PE firms as competition intensifies.