Economists polled by Reuters expect a deeper slump in exports from China in July, forcasting a 12.5% fall year on year compared to June’s 12.4%
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Paramount to sell Simon & Schuster to KKR for $1.62 billion
Paramount Global has agreed to sell Simon & Schuster to private equity giant KKR for $1.62 billion, the company said as it reported quarterly earnings.
Apple extends its post-earnings decline. Here’s what the pros are saying
Pros on CNBC discussed Apple as the stock continued to fall following its worst week of 2023.
Over $1 trillion needed for developing nations’ climate transition, says ex-World Bank official
The lack of resources has made it challenging for those countries to reduce their high carbon emissions and shift to clean energy faster, she noted.
Stocks making the biggest moves after hours: Chegg, Beyond Meat, Paramount Global, Celanese and more
These are the stocks posting the largest moves in extended trading.
How U.S. microchips are fueling Russia’s military — despite sanctions
Moscow is sourcing a growing number of advanced microchips from the West through intermediary countries such as China, analysis by CNBC shows.
Stocks making the biggest moves premarket: Sovos Brands, BioNTech, Tyson Foods and more
Shares of Rao’s parent Sovos Brands popped 25% in premarket trading on news that Campbell Soup will acquire the pasta sauce maker for $2.33 billion.
CNBC Daily Open: Playing the T-bill game
The U.S. economy has remained resilient and seemingly largely impervious to the Fed’s highest rates in more than two decades.
Tesla CFO Zach Kirkhorn steps down
Zach Kirkhorn, Tesla’s chief financial officer, stepped down from his role but will remain with the company through the end of the year.
Berkshire shares hit all-time high as investors cheer strong earnings, Buffett’s near-record cash pile
Berkshire’s solid performance in insurance helped offset the softness in railroad due to lower volumes.