The combined business would be owned 50/50 between shareholders of FCA and Groupe Renault.Autosread more
Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The U.S. is showing signs of targeting China's domestic surveillance and the tech supporting it.Technologyread more
Smartphone users in Singapore, the U.K. and China told CNBC's "Beyond The Valley" that foldable smartphones are "very strange," "super bulky," and expensive compared to the...Technologyread more
The result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
Investors are largely focused on results of the EU parliamentary elections. Euroskeptic parties in Britain and France made solid gains.Europe Marketsread more
Former Apple CEO John Sculley says this skill is vital to all great business leadership.Successread more
A Beijing decision to rapidly and sharply cut its excessive and unsustainable trade surplus with the U.S. would change for the better the bilateral relationship, writes...World Economyread more
Prime Minister Narendra Modi has to make sure that India becomes a highly competitive manufacturing hub where global investors will look to invest, the chairman of India...Asia Economyread more
U.S. President Donald Trump said Monday he expects to get the trade gap with Japan "straightened out rapidly," adding that announcements on that could come as soon as August.World Economyread more
Bitcoin surged more than 9% from the day before to hit its highest level in more than a year.Technologyread more
Shares of aluminum producer Alcoa jumped almost four percent in after-hours trade after the company reported first quarter earnings that beat expectations.
Here's how the company did compared with what Wall Street expected:
In its earnings release, the Pittsburgh, Pennsylvania-based company is projecting global demand for aluminum to grow along with an increased global deficit of the metal this year, due to delays in projects to expand smelters, factories where metal is extracted, in China.
Last month, President Donald Trump slapped a 10 percent tariff on aluminum imports to the U.S. The U.S. exempted several major trading partners, including the European Union, Mexico and Canada, but not China.
Alcoa expects the global aluminum deficit to grow to between 600 thousand metric tons and 1 million metric tons, up from last quarter's deficit estimate of between 300 thousand metric tons and 700 thousand metric tons.
Global demand for aluminum is projected to grow between 4.25 to 5.25 percent.
"Considerable uncertainty remains in the global supply chain due to multiple trade actions, sanctions, and supply disruption," the earnings release said.