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Exterior of Macy’s Herald Square store in New York City, November 28, 2025. Kenna Betancourt | AFP | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five important things investors need to know to start their trading day.1. Go shoppingMacy’s The company beat Wall Street’s third-quarter revenue and bottom line expectations this morning, marking the fastest growth rate in more than three years. The department store operator’s results are just one of several data points investors have received recently on the state of U.S. consumers.Here’s what you need to know:Despite the…
Here’s what happened on Wednesday, December 3rd.finding Russian forces used “rocket launchers, mortars and drones” to attack Ukraine’s Kherson region, killing a 76-year-old woman and injuring at least two others, the Kherson District Prosecutor’s Office said in a Telegram post. One person was killed and five others injured in a Russian drone strike in the eastern Ukrainian city of Kramatorsk, the city’s military chief Oleksandr Honcharenko wrote on Facebook. Rescuers recovered the body of one person killed in a Russian attack on a nine-story residential building in Kramatorsk, Ukraine’s Donetsk region, the State Emergency Service (SES) said on Tuesday. Ternopil…
Pope Leo said he believed the United States needed to find “another way” to deal with the situation in Venezuela, warning against any military invasion and saying it would be better to pursue dialogue or apply economic pressure. “It appears that there may be some activity, even an operation, to invade Venezuelan territory,” Leo, who spent several years in Peru as a missionary and bishop, told reporters on the papal plane returning to Rome from Beirut on Tuesday. “I truly believe it’s better to look for ways of dialogue, maybe pressure, including economic pressure, but other ways of change if…
Australia captain Pat Cummins is yet to be named in the squad but is in contention to qualify for Thursday’s second Ashes Test.Cummins missed the team’s win in Perth due to a long-term back injury and then sat out this week’s day-night match in Brisbane. However, he continues to train with his teammates at the Gabba and Australia are careful not to formally exclude him from the team sheet for the 11th hour. Steve Smith attended the pre-match captain’s press conference, but there was no guarantee he would lead the team. Use Chrome Browser for a more accessible video player…
This report is from CNBC’s The China Connection newsletter this week, delivering insights and analysis on the powerhouse of the world’s second-largest economy. You can subscribe here.big storyChina is ending 2025 far more confident on the world stage than it was at the beginning of the year.It was the first major economy to retaliate against the U.S.’s “Emancipation Day” tariffs and is increasingly playing cards on rare earths. The tech company has overcome U.S. chip restrictions and released a low-cost artificial intelligence model that rivals much more expensive U.S. products like OpenAI. The world’s perception of China is improving.It is…
TEHRAN, Iran (AP) – Iran’s rial currency fell to a new low of 1.2 million rials per U.S. dollar on Wednesday. nuclear sanctions pressure on Tehran A sluggish economy.Traders offered the new exchange rate as previous attempts to restart negotiations between the United States and Iran over its nuclear program appear to have stalled.Record lows have increased pressure on food prices, and other costs have made daily life even more difficult for Iranians. Prices of meat, rice, and other staples of Iran’s diet are soaring.Meanwhile, people are worried that new fighting will break out between Iran and Israel, and possibly…
Brazilian President Luiz Inacio Lula da Silva and US President Donald Trump have signaled that relations between the two countries are improving after months of economic and political tension.On Tuesday, the two leaders had a 40-minute telephone conversation, which both sides described as “productive.”Recommended stories list of 3 itemsend of listReducing trade barriers and tackling organized crime were among the topics discussed. Both men agreed to speak again soon.”I emphasized the urgency of strengthening cooperation with the United States to combat transnational organized crime,” Lula said in a social media post after the phone call.”President Trump expressed his full willingness…
England captain Ben Stokes said his team had learned “lessons” from the two-day defeat in Perth ahead of the second day-night Ashes Test in Brisbane. The pink-ball Test begins on Thursday at the Gabba in Queensland, with Stokes’ side looking to level the five-game series after a disastrous defeat in Perth. But they counter it with the pink ball, a format in which the opposition thrives. England have lost five of their seven day-night Tests, including all three in Australia, but the home side have won 13 of 14 in this format, with their only defeat coming against West Indies…
SYDNEY, AUSTRALIA – SEPTEMBER 5: Malaysia Airlines aircraft at Sydney Airport on September 5, 2024 in Sydney, Australia. James Goley Getty Images News | Getty Images The search for missing Malaysia Airlines Flight MH370 is set to resume later this month, more than a decade after the plane, one of the world’s greatest aviation mysteries, disappeared. Malaysia’s Transport Ministry said in a statement on Wednesday that the deep-sea search for the missing plane wreckage will resume on December 30, with US-based marine robotics company Ocean Infinity conducting the search intermittently for 55 days. “The search will be carried out in…
french satellite group eutelsatThe company, which is seen as Europe’s answer to Elon Musk’s Starlink, plunged on Wednesday after reports that Japanese investor SoftBank had cut its stake in the company. Eutelsat stock was trading down 7.2% as of 4:41 a.m. ET.The move follows a Reuters report that SoftBank sold about 26 million shares and the rights to 36 million shares, about half of the satellite carrier’s stake.Eutelsat is the owner of satellite internet provider OneWeb, which they merged with in 2023 to counter Starlink’s market dominance.But the French group has struggled to capture market share from U.S. companies. Eutelsat…