Other investments include $204.4 million in a plant in Georgetown, Kentucky, for four-cylinder hybrid-compatible engines and $125 million to expand Corolla production in Blue Springs, Mississippi, to include hybrid models.The investments announced Tuesday are broadly meant to support increasing production of hybrid vehicles, which Toyota leads with a more than 51% market share through the third quarter of this year, according to Motor Intelligence data. Most of the investments are expected to be completed b ...

Representations of cryptocurrency Bitcoin are seen in this illustration taken Nov. 25, 2024.Bitcoin is now in the red for this year as investors continued to shed their speculative technology holdings with the cryptocurrency first among them.Bitcoin was last trading around $91,000, but earlier Tuesday touched $89,259, its lowest since April 22. With Tuesday's losses, bitcoin is now down 2% for the year, per FactSet.The move comes as investors have shed their AI-related tech holdings this month in the stock ...

Core Insights - Klarna's recent performance highlights significant growth in the U.S. market, with gross merchandise volume increasing by 43% year-over-year, reaching $32.7 billion, up from $26.2 billion [3] - The company reported a revenue growth of 26%, totaling $706 million compared to the previous year, although it faced a net loss of $95 million, a decline from a net income of $12 million a year ago [3] Group 1: Product Adoption and Market Growth - The Klarna Card has gained traction, reaching over four million customers and accounting for 15% of transactions by October [1] - Features like fair financing, which offers longer installment options, have contributed to U.S. gains, with gross merchandise volume more than tripling from a year ago [2] - The number of merchants using Klarna has grown by 38%, increasing from 616,000 to 850,000 year-over-year [5] Group 2: Future Projections and Financial Outlook - For the fourth quarter, Klarna anticipates gross merchandise volume between $37.5 billion and $38.5 billion, with revenues projected between $1.065 billion and $1.08 billion [5] - Transaction margin dollars are expected to range between $390 million and $400 million, indicating a focus on profitability [5] Group 3: Strategic Initiatives and AI Integration - CEO Sebastian Siemiatkowski noted that fair financing has doubled the user base but only penetrated about 20% of merchants, presenting significant growth opportunities [4] - The company has heavily invested in artificial intelligence, which has contributed to a 40% reduction in workforce, while maintaining a focus on customer service efficiency [7][8] - Siemiatkowski emphasized the importance of human connection in customer service, cautioning against companies relying solely on AI [8] Group 4: Market Challenges and Stock Performance - Klarna's stock has seen a decline of over one-third from its highs, amid broader market concerns regarding a potential AI bubble and slowing consumer spending [6] - The company is monitoring changes in payback and spending habits due to the current economic environment but has not yet observed significant impacts [7]

An experimental Boeing 777X aircraft at the Dubai Air Show in Dubai, United Arab Emirates, on Monday, Nov. 17, 2025. Christopher Pike | Bloomberg | Getty ImagesEmirates is piling the pressure on Boeing to deliver on a $38 billion order placed this week, the airline's president told CNBC on Tuesday.Speaking to CNBC at the Dubai Airshow, Emirates President Tim Clark said he had faith Boeing could "restore [its] former glory" — but nonetheless, the airline is doing what it can to ensure the beleaguered aircraf ...

Shares of Germany's Rheinmetall rose on Tuesday after the defense giant told investors to expect sales to quintuple over the next five years, boosted by robust demand for its weapons systems amid geopolitical tensions and the war in Ukraine.The company forecast sales of about 50 billion euros ($58 billion) by 2030, up from about 10 billion euros in 2024. It sees operating margin expanding to about 20%, up from 15.2% in 2024.Shares rose 3.4% to 1,782 euros Tuesday morning, topping the German blue-chip DAX in ...

Market Overview - Global equities experienced a significant decline due to concerns over inflated valuations and an uncertain macro environment, particularly ahead of Nvidia's earnings report [1][2] - The pan-European Stoxx 600 index opened lower, with mining and banking sectors leading the losses, while the Stoxx Europe 600 Technology Index fell by 1.4% [1][2] U.S. Market Performance - The three major U.S. indexes, including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, closed in the red, reflecting a broader market downturn [2] - Asia-Pacific markets also saw declines, particularly in Japan and South Korea [2] Investor Sentiment - Market analysts suggest that the recent sell-off is a natural profit-taking phase following a strong market performance since April, with potential declines of about 5% from recent highs [2][4] - There is a prevailing skepticism in the market regarding the funding of mega-deals announced over the summer, indicating a shift in investor sentiment [5] Earnings and AI Sector - Nvidia's upcoming third-quarter earnings are highly anticipated, as the company is viewed as a key indicator for the AI industry, with many major players relying on its GPUs [3] - The earnings season has shown that major hyperscalers are still generating substantial revenue, with investors closely monitoring Meta as a barometer for future AI applications [4] Macro Environment and Risks - There is a noted element of de-risking among investors due to uncertainties surrounding a previously expected Federal Reserve rate cut, which may now be postponed [6] - Upcoming decisions from the U.S. Supreme Court regarding tariffs could further complicate the macroeconomic landscape [7][8] Cryptocurrency Market - The cryptocurrency sector is facing pressures from macro-driven sell-offs and forced liquidations, with Bitcoin and Ether experiencing significant declines of approximately 25% and 35% from their recent highs, respectively [9][10] Infrastructure Challenges - A critical issue facing the AI revolution and other sectors is access to electricity, which is essential for powering data centers, potentially slowing down growth in these areas [10][11]

The Nasdaq Composite dropped 0.84% Monday stateside as technology stocks were under pressure, with Apple, Meta and Oracle retreating more than 1% each.Artificial intelligence lynchpin Nvidia performed worse, losing almost 2%. CEO Jensen Huang in October said the chipmaker had "half a trillion dollars" of business on the books for 2025 and 2026. When Nvidia reports its third-quarter earnings Wednesday stateside, investors will be combing through Huang's comments for signs of strong 2026 growth, as suggested ...

Market Overview - European markets are expected to open lower due to global market pullbacks linked to concerns over AI-related stocks [1] - The U.K.'s FTSE index is projected to decline by 1.1%, while Germany's DAX and France's CAC 40 are expected to drop by 1.3% and Italy's FTSE MIB by 1.27% [1] U.S. Market Performance - U.S. markets experienced losses, with the Dow Jones Industrial Average falling over 550 points (1.2%), and both the S&P 500 and Nasdaq Composite losing around 0.9% [2] - Investors are awaiting delayed jobs data and Nvidia's earnings report, which is scheduled for Wednesday [2] AI and Tech Sector Concerns - Nvidia's stock declined by 2%, amid discussions regarding the sustainability of the AI-driven market rally [3] - There are rising concerns about weak market breadth, high tech valuations, and the fundamentals of AI, influenced by increased Big Tech debt offerings and the depreciation rate of AI chips [3] Earnings Reports - Siemens Energy and Imperial Brands are set to release earnings on Tuesday, with no major data releases expected [4]

Core Insights - India's goods trade deficit reached a record high of $41.7 billion in October, driven by a surge in gold imports and the impact of U.S. tariffs on exports [1][2] Trade Deficit and Imports - The trade deficit significantly exceeded Reuters poll estimates of $28.8 billion and surpassed the previous record of $37.8 billion set in November 2024 [2] - Gold imports in October amounted to $14.7 billion, marking an increase of nearly 200% compared to the same month last year, with consumers estimated to have spent $11 billion during the five-day festival period [2] Exports and Tariff Impact - Exports to the U.S. declined for the second consecutive month, falling 8.5% year-on-year in October to $6.3 billion due to the 50% tariffs implemented at the end of August [3] - Despite the decline, the U.S. remained the largest export destination for India, with shipments worth $52 billion in the first seven months of the fiscal year [3] - Key exports such as gems and jewelry fell by 29.5% to $2.3 billion, while engineering goods decreased by 16.7% to $9.4 billion [4] Future Outlook - Merchandise imports are expected to decrease in November and December 2025 as gold imports decline post-festival season, alongside a potential increase in exports [5] - India's current account deficit is projected to widen to 2.4-2.5% of GDP in the third quarter of the fiscal year ending March 2026, with a CAD to GDP ratio of around 1.2% for fiscal year 2026 if U.S. tariffs remain in place [6] Trade Negotiations - Ongoing trade negotiations between the U.S. and India have yet to yield a deal, although both sides are softening their positions, with hints from U.S. President Trump about potential tariff reductions [7] - India has increased oil and gas purchases from the U.S. to address the trade surplus and is expected to buy agricultural products as well [7]

Former Treasury Secretary Larry Summers said Monday that he was stepping back from all public commitments amid fallout from the release of emails between him and sex offender Jeffrey Epstein."I am deeply ashamed of my actions and recognize the pain they have caused. I take full responsibility for my misguided decision to continue communicating with Mr. Epstein," Summers said in a statement obtained by CNBC."While continuing to fulfill my teaching obligations, I will be stepping back from public commitments ...