Trump said tariffs could someday ‘substantially replace’ income taxes. What policy experts say
During his State of the Union address, President Donald Trump said tariffs could someday “substantially replace” the federal income tax system.
Russia and Ukraine agree local truce to allow repairs at Europe’s largest nuclear power plant
Russian forces have controlled the Zaporizhzhia nuclear power plant since early 2022, shortly after Moscow launched its full-scale invasion of Ukraine.
World’s largest sovereign wealth fund’s bets on Big Tech and banking drive gains
Norges Bank Investment Management manages the world’s largest sovereign wealth fund.
Smartphone market poised for ‘sharpest decline on record’ in 2026
Two recent reports predict further declines in the smartphone market in 2026, as dwindling memory supplies continue to drive up prices of consumer electronics.
Opinion: Block’s layoffs might just be the biggest story of a tumultuous week. Here’s why
Block, Jack Dorsey’s payments company, will cut 6,000 of its 10,000 workers as it embraces AI. CNBC’s Steve Sedgwick says it’s the biggest story of the week.
India’s economy grows at faster-than-expected pace of 7.8% in December quarter
The world’s fastest-growing major economy expanded by 7.8% in the December quarter.
UK PM Keir Starmer suffers major blow after his party comes third in key vote
The result in a seat that Labour has dominated for nearly a century represents an embarrassing setback for the prime minister.
Swiss Re pops 4% after posting record $4.8 billion profit, plans $1.5 billion buyback
European markets finished mixed as more earnings reports and economic data were in focus.
Pakistan bombs targets in Afghan cities, minister calls it ‘open war’
The strikes are the first time Islamabad has attacked the Taliban rather than militants allegedly backed by them, a stark rupture in ties between the Islamic neighbours.
See the movie, play the game: How Nintendo is pulling out all the stops to sell the Switch 2
Nintendo is betting on nostalgia and new gamers to drive sales of its flagship Switch 2 console and key games.
