U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
While the GDP number was below expectations, the miss appeared to come from a decline in federal government spending and inventories.
Egypt says drone hit two ships at Mediterranean port as attacks on energy infrastructure widen
The unclaimed attack comes as Iran, its Houthi alllies in Yemen and Iraqi militias have widened strikes on energy infrastructure across the region.
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.
Oil prices fall after Saudi Arabia proposes naval coalition to protect ships from attack
The U.S. launched a “heavy wave” of strikes against Iran in retaliation for its missile attacks on American forces in the region.
Meta sinks 8%, continuing record losing streak, while Microsoft jumps 15% as AI trade splits
Microsoft posted strong Azure and Copilot growth, while Meta missed revenue guidance forecasts as free cash flow plunged leading to diverging stock moves.
Jeep maker Stellantis swings to profit on rising demand in North America
Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America.
Rolls-Royce CEO says major hyperscaler nuclear deal is imminent as data center demand soars
Rolls-Royce is riding two of the biggest investment themes in global markets: the defense boom and the AI buildout.
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.”
Here’s why Europe’s hot summers are becoming an expensive challenge
Record heatwaves are straining Western Europe’s infrastructure, businesses and budgets as wildfires and insurance costs rise.
China threatens retaliation against U.S. humanoid robot ban, says it ‘severely damages’ relations
China’s Commerce Ministry said Thursday the U.S. Federal Communications Commission has repeatedly ignored Beijing’s restrained stance.
