Corporations are continuing to spend on business travel, but are being strategic about how they allocate those dollars amid ongoing trade uncertainties, according to new reports from the travel and expense platform Navan and the Global Business Travel Association. Corporate travel spending activity increased 15% year over year in the…
There’s a new player making waves in an industry dominated by big banks. Imprint, the 5-year-old credit card startup, beat out banks in a competitive bidding process for a new co-branded card from online shopping platform Rakuten, CNBC has learned. The deal is the most recent sign that Imprint is…
US President Donald Trump says he’s seriously thinking about getting rid of capital gains taxes on the sale of primary homes, a move that could bring major financial relief to homeowners feeling the pinch of rising property values. The idea lines up with a new bill introduced by Congresswoman Marjorie…
Tilray Brands Inc (NASDAQ: TLRY) soared more than 15% today as retail investors continued to grow their positions in the cannabis and alcohol company.TLRY share price rally resembles meme stock frenzies of the past since the New York based firm did not make a corporate announcement, issue an earnings update,…
Asian stock markets surged at Wednesday’s open, with Japanese equities leading a broad regional rally after US President Donald Trump announced that he had completed a “massive Deal” with Japan. The agreement, which reportedly sets a new 15% tariff on the country’s exports to the US, has sent a wave…
US President Donald Trump announced on Tuesday a “massive” new trade agreement with Japan, a deal that includes “reciprocal” tariffs of 15% on the country’s exports to the United States and, crucially, appears to lower the duty on Japanese auto exports to that same level. The announcement, which also includes…
European stock markets opened broadly higher on Wednesday, with the pan-European Stoxx 600 index jumping as investors cheered the signing of a major trade deal between the United States and Japan. This development has ignited optimism that a similar agreement could be reached with the European Union, temporarily overshadowing a…
Shares in several major European carmakers rose in early trading on Wednesday, catching a tailwind from a steep rally among their Asian rivals. This wave of optimism was sparked by the news that Japan has struck a significant trade deal with the United States, a development that is now fueling…
McKinsey has quietly told its teams in mainland China to stop doing any consulting work related to generative AI.The move reflects growing pressure from US officials and rising sensitivity around American firms working with advanced tech in China.According to people familiar with the matter, this wasn’t just a routine compliance…
Hopes for a tariff breakthrough for other major exporters surged on Wednesday, leading to a jump in shares of Europe’s top carmakers. This optimism followed the blockbuster trade agreement reached between the US and Japan.On Truth Social, US President Donald Trump hailed the “massive” trade agreement as “perhaps the largest Deal…