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  Honda is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Japanese auto giant  Honda  missed fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Here are Honda’s results compared with mean estimates from LSEG: Revenue: 5.36 trillion yen ($47.26 billion) vs. 5.36 trillion yen Operating profit: 73.5 billion yen vs. 275.52 billion yen Honda’s fourth quarter ends March 31. Honda Motor Co Ltd *Data is delayed  | Exchange  | JPY 1,503.50 +15.00  (+1.01%) Last | 3:30 PM JST WATCHLIST + Quote Details For its financial year ended March, revenue came in at 21.69 trillion yen, compared to the average estimate of 21.63 trillion yen from LSEG and marking a 6.2% rise year on year. Operating profit fell 12.2% to 1.21 trillion yen, against the average LSEG estimate of 1.41 trillion yen. Net profit for its full year fell 24.5% to 835.84 billion. Wh...

  To watch the meeting in the Mandarin translation,  click here . Berkshire Hathaway ’s annual meeting ended Saturday with big news:  Warren Buffett  said he planned to ask the board to make Greg Abel the company’s CEO by year-end. Abel, Berkshire’s vice chairman of non-insurance operations, was at Buffett’s side on stage when Buffett broke the news, and didn’t know these remarks were coming, according to “The Oracle of Omaha.” The 94-year-old has had a six-decade run at the company, and its annual meetings draw thousands of shareholders from around the world to Omaha each year. The gathering, known as “Woodstock for Capitalists,” is a chance for Buffett to share his views on the markets, investing and life, in general. This year, Buffett was asked about global trade policy and the tariffs that President Donald Trump has proposed as well as the market’s recent volatility. “Trade should not be a weapon,” Buffett said. Read a full account of the day’s events below. Her...

  Profits at China’s industrial firms grew at a faster pace in October, the statistics bureau said on Nov. 27, 2021, providing a buffer for a faltering economy battered by soaring raw material prices. Pictured here is a worker counting cast steel pipes to be shipped aboard at Lianyungang Port in Lianyungang, Jiangsu province of China. Wang Chun | Visual China Group | Getty Images China’s industrial profits returned to growth in the first quarter, official data showed on Sunday, but are likely to come under further pressure amid a trade war with the United States. With Washington’s aggressive tariffs threatening to hit China’s crucial export engine hit and no time frame yet for any bilateral trade talks, economists and investors are waiting for the Chinese government to roll out more support measures to cushion the blow to the world’s second-largest economy. Cumulative profits of China’s industrial firms rose 0.8% to 1.5 trillion yuan ($205.86 billion) in the first quarter from a ye...

  Chinese President Xi Jinping met with global executives on Friday, March 28, 2025. CNBC | Evelyn Cheng BEIJING — Chinese President Xi Jinping on Friday met with global executives and made a case for investing in the country, as Beijing focuses on reaching out to businesses amid escalating trade tensions with the U.S. He said multinational companies had a big responsibility to “uphold global order” and that they needed to work hand in hand with China. Xi emphasized that China was a safe and stable place for foreign companies. “To invest in China is to invest in tomorrow,” he said in Mandarin translated by CNBC.  Echoing recent policy plans, Xi said that China would ensure fair opportunities for foreign businesses to participate in government procurement bids. More than 40 people, mostly foreign executives and business officials, attended the roundtable meeting with Xi, including Bridgewater Associates’ Ray Dalio, Standard Chartered CEO Bill Winters and Blacksto...

  Russian President Vladimir Putin during a joint press conference with U.S. President Donald Trump in the Presidential Palace in Helsinki, Finland, on July 16, 2018. Jussi Nukari | Lehtikuva | Reuters Since invading Ukraine three years ago, Russia has spent a significant amount of energy demonizing the U.S. and denigrating its leadership, economy and culture — and what it saw as Washington’s “hegemony” in the global world order. U.S.-led international sanctions prompted more vitriol from Moscow, with Russian President Vladimir Putin and other senior officials slamming  the almost continuous slew of punitive restrictions on key sectors of the Russian economy and its elite , as the war continued. But the arrival of a friendlier administration under President Donald Trump and fledgling talks with the U.S. to end the conflict in Ukraine — as well as a way back in from the economic and geopolitical cold — are prompting a U-turn in Moscow, with the Kremlin dramatically softening th...