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A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on April 3, 2025, in Orlando, Florida. Gary Hershorn | Corbis News | Getty ImagesFor decades Disney’s domestic theme parks have been the growth engine for tourism, job creation and tax revenue in Southern California and Central Florida.On Thursday, the company revealed its wider impact on the U.S. — reporting a national economic impact of $67 billion each year.”Disney defines the themed entertainment business in America, and our presence is felt across the country,”…

Alex Karp, Palantir CEO, and Chris Johnson, Teletracking co-CEO, joins CNBC’s “Squawk on the Street” on June 5, 2025.CNBCPalantir CEO Alex Karp said the artificial intelligence arms race between the U.S. and China will culminate in one country coming out on top.”My general bias on AI is it is dangerous,” Karp told CNBC’s “Squawk on the Street” on Thursday. “There are positive and negative consequences, and either we win or China will win.”Karp has been a vocal advocate for U.S. AI dominance. He told CNBC in January that the country needs to “run harder, run faster” in an “all-country effort”…

Packages of Charmin Ultra Soft bath tissue are stacked at a Costco Wholesale store in San Diego, California, on March 11, 2025.Kevin Carter | Getty ImagesProcter & Gamble will cut 7,000 jobs, or roughly 15% of its nonmanufacturing workforce, as part of a two-year restructuring program.The layoffs by the consumer goods giant come as President Donald Trump’s tariffs have led a range of companies to hike prices to offset higher costs. The trade tensions have raised concerns about the broader health of the U.S. economy and job market.P&G CFO Andre Schulten announced the job cuts during a presentation at the…

Biometric tablets, heat tents and a trip to the Spanish Grand Prix – this hasn’t been your average England training camp ahead of a June World Cup qualifier.But the unique elements give you a pretty clear impression of how much Thomas Tuchel and his FA support staff are already in full planning mode for next summer’s World Cup. Even though the team haven’t qualified yet. After a long season, and on the eve of eight England players heading to the Club World Cup for what could be another four weeks of football, it’s not ideal for anyone that each player…

Stock traders monitor share prices during an intra-day trading session at a brokerage house in Mumbai on April 8, 2025. Asian and European markets battled on April 8 to recover from the previous day’s tariff-fuelled collapse. US President Donald Trump slapped a flat 26 percent tariff on imports from India last week, with New Delhi saying it was examining both “implications” and “opportunities” from the duty hikes. (Photo by Indranil MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images) Indranil Mukherjee | Afp | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter which brings you timely,…

Manchester City are on the brink of agreeing a deal with Wolves for left-back Rayan Aït-Nouri, sources have told ESPN.The Algeria international is set to move to the Etihad Stadium for a fee of €40 million (($45.7m).Aït-Nouri has been allowed to leave international duty with Algeria — who play Rwanda on Thursday — to undergo a medical and formally complete his transfer.The 23-year-old, who has made 157 appearances for Wolves after initially joining on loan from Angers in 2020, will follow midfielder Tijjani Reijnders as City’s second summer signing.Rayan Aït-Nouri could become a Manchester City player soon. Malcolm Couzens/Getty ImagesBoth are…

Bottles of the American whiskey Jack Daniel’s are offered for sale in a liquor store on November 27, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesShares of Jack Daniel’s-maker Brown-Forman plunged more than 18% on Thursday after the company reported quarterly earnings that came in below analyst estimates, weighed down by the impact of tariffs and weak discretionary spending on alcohol.”While our results did not meet our long-term growth aspirations, we made important progress in an exceptionally challenging macroeconomic environment,” CEO Lawson Whiting said in the company’s earnings release.Here’s how the company performed for its fiscal fourth quarter of 2025,…

This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money.When Phoebe Merrick first arrived on Waiheke Island in New Zealand, she thought she’d only be there for two months.It was June 2023, just before Merrick’s final year of college, and the Virginia native planned to work a summer internship at a winery on the island. “I was like, ‘This cannot be real,'” Merrick tells CNBC Make It of the view while ferrying over from Auckland. “I just thought it was so beautiful.”Two years later, Merrick is still on…

CNN  —  Israel struck “terror targets of the Hezbollah Aerial Unit (127)” in the southern suburb of Dahieh, Beirut, the Israel Defense Forces said, as large plumes of smoke could be seen rising from the Lebanese capital late on Thursday. Lebanon’s state-run NNA news also reported strikes from Israeli drones, saying that a “series of warning strikes, numbering more than seven” had targeted the city’s southern suburbs. The Israeli military had previously warned of a coming strike in the area, intended to target alleged “underground UAV production facilities” controlled by Hezbollah. IDF Arabic Spokesperson Avichay Adraee issued an “urgent warning”…

The U.S. deficit with its global trading partners tumbled by the largest amount on record in April as companies and consumers no longer rushed to get imports ahead of President Donald Trump’s tariffs.Following a record-breaking surge in the trade imbalance, the deficit slid to $61.6 billion, a decrease of $76.7 billion from the prior month and below the Dow Jones consensus forecast for $66.3 billion, according to a Commerce Department report Thursday.The move reverses a massive surge in imports that came ahead of Trump’s April 2 “liberation day” announcement.In a move that was even more aggressive than anticipated, Trump slapped…