Author: Daniel snow
The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesBritish money transfer firm Wise on Thursday said that it plans to move its primary listing location to the U.S., dealing a fresh blow to the London stock exchange.Wise said in its full-year earnings statement that it will move to a dual listing, with its main listing hub shifting to the U.S. while maintaining a secondary listing in London.”This would allow Wise’s shares to trade on both a US stock exchange and the LSE,” Wise said in its earnings announcement.This is a developing news…
Mayor of London Sadiq Khan speaks with moderator Tania Bryer during the “Opening Remarks – Welcome to SXSW London” panel discussion on the first day of SXSW London 2025 at The Truman Brewery on June 2, 2025.Jack Taylor | Getty Images Entertainment | Getty ImagesLondon Mayor Sadiq Khan made a pitch to World Wrestling Entertainment legend Paul “Triple H” Levesque to bring the wrestling promotion’s biggest event, Wrestlemania, to the U.K. capital.”I’d love for WrestleMania to come to London,” Khan told CNBC’s Tania Bryer. “Triple H if you’re watching, we want WrestleMania to come to London.”Speculation has been rife about…
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010.Stringer | ReutersAutomotive industry groups are increasingly worried about a rare earth shortage.Several European auto supplier plants and production lines have already been shut down due to China’s recent export controls, according to Europe’s auto supplier association CLEPA, with the group warning of more outages as inventories deplete.Germany’s car industry and auto executives have also sounded the alarm, saying the highly globalized sector is acutely vulnerable to further supply chain disruption.China’s Ministry of Commerce in early April imposed export restrictions on…
Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on Chinese imports and the closure of the de minimis loophole, new data shows.Temu’s U.S. daily active users (DAUs) dropped 52% in May versus March, before Trump’s tariffs were announced, while those at rival Shein were down 25%, according to data shared with CNBC by market intelligence firm Sensor Tower.DAUs is a measure of the number of people who visit or interact with a platform every 24 hours. Monthly active users (MAUs), a measure of user engagement over a…
Free trade reduces the frictions that can arise between nations. Tariffs will only take away stability. Source link
Asia FX sees little relief as dollar dips on weak jobs data Source link
The Trump administration signed a proclamation Wednesday suspending travel to the U.S. for citizens from 12 countries: Afghanistan, Myanmar, Chad, Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen.Citing national security interests, the proclamation states that the identified countries lack sufficient vetting and screening processes needed to detect foreign nationals who may pose safety or terrorism threats to the U.S.The proclamation also partially restricted entrance for nationals of seven other countries: Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela.Other considerations include a country’s information-sharing policies, presence of terrorists, visa overstay rates and whether citizens who are sent…
A man reads a note placed on a memorial at the scene of an attack that injured multiple people, outside the Boulder County Courthouse, in Boulder, Colorado, U.S. June 2, 2025.Mark Makela | ReutersA federal judge on Wednesday temporarily barred the Trump administration from deporting the wife and five children of Mohamed Soliman, the Egyptian national accused of attacking a group of demonstrators in Boulder, Colorado, with a makeshift flamethrower and Molotov cocktails.The order blocking the removal of Soliman’s family came a day after they were taken into custody by U.S. Immigration and Customs Enforcement Agents, and as the Department…
In a Wednesday interview with CNBC’s Jim Cramer, CrowdStrike CEO George Kurtz indicated the cybersecurity outfit is confident in its finances as it faces a government inquiry about information related to a massive outage last year, along with deals and other matters.'”Someone asks a question, we’re going to cooperate. It’s an inquiry, and we’ll give them the answers they need and, and we’ll go from there,” Kurtz said. “We stand by the accounting of those transactions.” Last July, CrowdStrike suffered a major IT outage that disrupted businesses around the world, including airlines, hospitals and financial services firms. CrowdStrike attributed the issues…
The App Store logo is seen next to the Epic Games Store logo on two screens. Epic, maker of the popular game “Fortnite,” wants to sell digital items in its apps without giving a cut of the purchase price to Apple.Fabian Summer | picture alliance | Getty ImagesApple was dealt a blow in the U.S. Court of Appeals for the Ninth Circuit on Wednesday, as a panel of judges denied the company’s emergency application to halt changes to its App Store that resulted from the company’s legal battle with Epic Games.Apple “bears the burden of showing that the circumstances justify…