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Andrew Forrest, founder and executive chairman of Fortescue, says Big Oil is getting it wrong on renewables.

CNBC newsCommentsPremiumTwiggy tells big oil ‘your customers want green energy’

Mining tycoon Andrew Forrest says Big Oil is getting it wrong on renewables at a time when European energy majors are doubling down on fossil fuels to boost near-term shareholder returns.

Sam Meredith

James Hardie Industries has announced it will acquire US-based AZEK in a merger valued at nearly $14bn.

BusinessCommentsJames Hardie makes $14bn move with US merger

Fibre-cement maker James Hardie Industries has announced it will acquire US-based outdoor products manufacturer AZEK in a cash and stock transaction valued at nearly $14bn.

Staff Writers

Federal Reserve Board Federal Reserve Chairman Jerome Powell.

BusinessCommentsUncertainty increased: US Federal Reserve holds rate

The US Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year.

Jeff Cox

China is currently facing a sluggish consumer landscape.

CNBC newsCommentsChina’s plan to ‘boost consumption’ in bid to grow economy

China announced a “Special Action Plan to Boost Consumption” on Sunday in a bid to prop up domestic consumption in the world’s second largest economy.

Lim Hui Jie

Recession fear has rocked Wall Street (AP PHOTO)

BusinessCommentsRecession fear erupts: Dow tumbles, Nasdaq’s falls

A three-week market sell-off has intensified, with investors worried tariff policy uncertainty would tip the economy into a recession, something President Donald Trump has not rule out.

Lisa Kailai Han, Jesse Pound

Federal Reserve chairman Jerome Powell.

CNBC newsCommentsPremiumFed’s next cut awaits ‘greater clarity’ on Trump policies

Federal Reserve chairman Jerome Powell says the central bank can wait to see how President Donald Trump’s aggressive policy actions play out before it moves again on interest rates.

Jeff Cox

For seven straight weeks, since Elon Musk went to Washington to join the Trump administration, shares in his automaker have declined

CNBC newsCommentsTesla shares on the decline since Musk got to Washington

Tesla’s stock is on its longest losing streak in 15 years as a public company.

Lara Kolodny

The LCBO removes US products off the shelves on the first day of the trade war instigated by Donald Trump’s Administration in Toronto, Ontario.

CNBC newsCommentsSo long, Jack: Canadians ditch US booze amid trade wars

Several Canadian provinces have taken US liquor off store shelves as part of retaliatory measures against President Donald Trump’s tariffs.

“Tariffs are actually, we’ve had a lot of experience with them. They’re an act of war, to some degree,” Mr Buffett said.

CNBC newsBuffet says the Tooth Fairy ain’t paying for Trump’s tariffs

Legendary investor Warren Buffett made a rare comment on President Donald Trump’s tariffs, saying punitive duties could trigger inflation and hurt consumers.

Yun Li

Warren Buffett, chairman and chief executive of Berkshire Hathaway.

CNBC newsCommentsPremiumBerkshire operating earnings surge 71pc in fourth quarter

Berkshire Hathaway on Saturday reported a massive surge in fourth-quarter earnings from its operating businesses, driven in large part by insurance, while its cash holdings swelled to record levels.

Fred Imbert

US President Donald Trump said that foreign countries will not be allowed to send merchandise or other items to the US through another country.

CNBC newsCommentsTrump ramps up trade wars with reciprocal tariff threat

President Donald Trump signed a presidential memorandum overnight laying out his plan to impose ‘reciprocal tariffs’ on foreign nations.

Kevin Breuninger

Here’s a look at the biggest potential winners and losers under the 25 per cent tariffs on steel and aluminium.

CNBC newsCommentsThe biggest winners (and losers) in Trump’s war on steel

US President Donald Trump has signed an order that would impose 25 per cent tariffs, targeting imports of steel and aluminium.

Chloe Taylor and Ganesh Rao

People shop for clothes at a Calvin Klein store at a mall in Beijing on Feb. 5, 2025.

CNBC newsCommentsCalvin Klein, Tommy Hilfiger on China blacklist in trade war

The owner of Calvin Klein and Tommy Hilfiger has been placed on China’s ‘unreliable entities’ list, which could force it to shut down stores, cease manufacturing and send its employees home.

Gabrielle Fonrouge

Canadian Prime Minister Justin Trudeau has secured a deal to pause the implementation of planned tariffs on imports from Canada for at least 30 days.

CNBC newsCommentsTrump pauses tariffs on Canada, Mexico for at least 30 days

President Donald Trump has agreed to pause the implementation of planned tariffs on imports from Canada for at least 30 days, Canadian Prime Minister Justin Trudeau says.

Dan Mangan

Canadian PM Justin Trudeau addresses the media after US President Donald Trump signed an order to impose stiff tariffs on imports from Mexico, Canada and China, in Ottawa.

CNBC newsCommentsUS trade partners retaliate as Trump tariff war escalates

US President Donald Trump on Saturday imposed long-threatened tariffs on imports from Canada, Mexico and China — and it didn’t take long for the countries to respond. 

Katrina Bishop

Talk to children in their own terms, according to Singapore-based CEO Gregory Van. Ask: ‘Do you want to spend $100 today on a toy, or have it turn into $200 in 10 years when you are 16?’ he said.

Your MoneyCommentsPremiumHow the mega rich are teaching their kids about money

Talk about money and budgeting early is the advice of wealthy CEOs and founders.

Lucy Handley

DeepSeek claims its R1 outperforms OpenAI’s latest o1 model despite costing a fraction of the price the U.S. AI lab charges for its large language models.

CNBC newsCommentsNot everyone’s convinced about DeepSeek’s AI claims

The assertions about DeepSeek have sparked concerns over the eyewatering sums tech giants are spending on AI — but many experts are urging scepticism.

Ryan Browne and Dylan Butts

Toyota Camry Hybrid.

CNBC newsCommentsToyota retains spot as world’s top-selling automaker

Toyota Motor sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world’s top-selling automaker for a fifth straight year.

Reuters

The US Federal Reserve has held it’s borrowing rate.

BusinessCommentsUS Fed defies Trump ‘demand’ with hold on interest rates

The first Federal Reserve interest rate call of President Trump’s second term has caused the stock market to fall as officials look to a bumpy political and economic landscape ahead.

Jeff Cox

NBIM manages the fund on behalf of the Norwegian population. Set up in the 1990s to invest excess revenues from Norway’s oil and gas industry.

CNBC newsSovereign wealth giant reports $354b profit on tech rally

Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($354.5 billion) on Wednesday, fuelled by a tech rally.

Chloe Taylor

The owner of brands including Louis Vuitton, Moët & Chandon and Hennessy posted revenues of 84.68 billion euros ($141.5 billion) for 2024,

CNBC newsLVMH performance casts doubt on luxury recovery

Shares in LVMH retreated on Wednesday after slightly better-than-expected annual results from the world’s largest luxury company threw doubt over a broader recovery in the luxury sector.

Karen Gilchrist

Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on September 27, 2024.

CNBC newsCommentsThis country is set to be first in the world to go all EV

Despite its enormous oil and gas reserves, this country’s electric vehicle sales have increased from less than one per cent of total auto sales in 2010 to a whopping 88.9 per cent last year.

Sam Meredith

Elon Musk’s X has struck a dead with Visa to launch a digital wallet for his ‘everything app’.

BusinessMusk makes major money move with X, Visa

Elon Musk’s social media platform X has announced the launch of a digital wallet and peer-to-peer payment services provided by Visa.

Hugh Son, MacKenzie Sigalos

Nvidia shares tumbled as much as 18 per cent on Monday after the emergence of China’s DeepSeek.

BusinessCommentsHow US bid to restrict China from Nvidia’s chips backfired

DeepSeek’s rattling of the AI market has been several years in the making, with analysts viewing the Chinese company’s shocking advance in the field as an unintended consequence of US trade policy.

Jeff Cox

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