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A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Struggling electric vehicle battery manufacturer Northvolt on Wednesday said it has filed for bankruptcy in Sweden. The firm said it that it submitted the insolvency filing after an “exhaustive effort to explore all available means to secure a viable…
Steel coils are pictured in the yards of the steelmaker Ternium plant. Daniel Becerril | Reuters U.S. President Donald Trump’s 25% tariffs on steel and aluminum imports came into effect Wednesday, resulting in swift counter-measures from the European Union. The White House confirmed the duties — which will affect Canada, Australia, the EU and others…
Bridgewater founder Ray Dalio on Wednesday warned that a significant supply-demand problem regarding U.S. debt could have a profoundly disruptive impact on the global economy. It is the latest in a series of stark warnings about America’s mounting debt from the U.S. hedge fund billionaire, with the country’s national debt currently standing at more than…
Lordhenrivoton | E+ | Getty Images The first Trump administration opened the door to allow private equity into workplace retirement plans. Now, private equity firms are working to play a bigger role in workers’ portfolios, which experts say has potential risks and rewards for investors. “It’s a train that’s already been gearing up, and folks…
A Delta Airlines and American Airlines plane are seen at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 1, 2023. Stefani Reynolds | AFP | Getty Images Airlines are cutting their first-quarter profit and sales estimates, warning that a weaker economic backdrop is weighing on travel demand. Ahead of a JPMorgan industry conference,…
Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Salesforce on Wednesday announced plans to invest $1 billion in Singapore over the next five years. The cloud software giant said the investment is designed to accelerate the…
Ukraine agreed Tuesday to an immediate 30-day ceasefire negotiated by the U.S. if Russia accepts the plan, officials said. As part of the plan, the U.S. immediately lifted its pause on sharing intelligence with Ukraine, and will resume security assistance to that country, which was invaded by Russia more than three years ago. “Ukraine is…
Soy farmer Caleb Ragland on his farm in Magnolia, Kentucky Courtesy: American Soybean Association Caleb Ragland, a soybean farmer in Magnolia, Ky., voted for President Donald Trump in 2016, 2020 and 2024. Now, however, he has to navigate a tariff minefield at a time when the sector is already facing major headwinds. Ragland works with…
MUMBAI: India is set for a $50 billion consumption and savings boost as the next decadal wage revision for central govt employees and pensioners, due in Jan 2026, will trigger salary hikes for state govt employees and public sector undertakings.According to a report by UBS, the 8th central pay commission pay hike will shape India’s…
The “Wegovy” brand slimming syringe is sold in the Achat pharmacy in Mitte. The “Wegovy” slimming syringe has been available in Germany for a year. Jens Kalaene | Picture Alliance | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox….
