CNBC World News

For the first time this year, inflation cooled more than expected, propelling stocks to record highs.

A new report suggests that workers at some of its suppliers are still clocking 75 hours a week, despite assurances the company would improve labor standards. 

In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China. 

For the first time this year, inflation cooled more than expected, propelling stocks to record highs.

Cisco reported a 13% drop in revenue for the fiscal third quarter, the steepest decline since 2009. But results still topped estimates.

His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.

Netflix's cheaper, ad-supported tier now has 40 million global monthly active users, nearly double the 23 million the company reported in January.

Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month.

"All-in, we are hearing about more AI server momentum at Dell than at any other OEM," wrote Morgan Stanley's Erik Woodring.

GameStop and AMC shares fell as the meme stock trading frenzy showed signs of fizzling early on its third day.

Automotive and trade experts say the increased tariffs are a near-term protectionism act that may delay but not stop Chinese EVs from coming to the U.S.

Slovakia's populist prime minister, Robert Fico, on Wednesday was shot multiple times in an assassination attempt that has sent shock waves across the Continent.

The U.S., European Union, NATO and the United Nations have all issued statements expressing concern about Georgia's divisive legislation.

The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.

Israeli Prime Minister Benjamin Netanyahu acknowledged tensions with historical ally the U.S. over the military operation in Rafah in the Gaza Strip.

Lawrence Wong takes takes over as prime minister from his predecessor Lee Hsien Loong, who has led the nation state for the last 20 years.

Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's Model Y.

Reddit shares popped Tuesday after retail traders kicked off a meme stock buying frenzy.

"As far as Europe is concerned we need a more mature attitude in our trade," EU economics head Paolo Gentiloni told CNBC.

JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. government to reduce its fiscal deficit sooner rather than later.