Month: August 2024
China’s Xi meets with U.S. national security advisor Sullivan
US National Security Advisor Jake Sullivan shakes hands with China’s President Xi Jinping during their meeting at the Great Hall of the People in Beijing on August 29, 2024. Trevor Hunnicutt BEIJING — Chinese President Xi Jinping told U.S. national security advisor Jake Sullivan during a meeting Thursday that Beijing hopes Washington will find “a […]
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Nvidia shares down 3% in premarket trade despite market-beating earnings
A binary code is displayed on a laptop screen in the background, while the Nvidia logo is showcased on a phone on April 28, 2024. Nurphoto | Nurphoto | Getty Images Nvidia shares dipped in U.S. premarket trade on Thursday, as the company’s fiscal second-quarter gross margin dipped slightly, and its revenue beat was eclipsed […]
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CNBC Daily Open: Nvidia beating expectations isn’t enough
The Nvidia logo at Computex in Taipei, Taiwan, on June 5, 2024. Ann Wang | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What […]
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Finland will soon bury nuclear waste in a geological tomb that’s built to last for 100,000 years
Workers inspect the Repository in ONKALO, a deep geological disposal underground facility, designed to safely store nuclear waste, on May 2, 2023, on the island of Eurajoki, western Finland. Jonathan Nackstrand | Afp | Getty Images Finland is on the cusp of burying spent nuclear fuel in the world’s first geological tomb, where it will […]
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Tech stocks in Asia fall amid broad declines in the region after Nvidia results
Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said. SeongJoon Cho | Bloomberg | Getty Images Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results […]
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Brazil top court threatens to suspend X operations in latest twist of ongoing feud
Elon Musk attends a symposium on “Antisemitism Online” during the European Jewish Association conference in Krakow, on Jan. 22, 2024. Omar Marques | Getty Images A Brazilian Supreme Court justice on Wednesday threatened to shut down the local operations of X, formerly Twitter, unless its billionaire owner Elon Musk names a legal representative in Brazil within 24 […]
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China’s electric car race is becoming more about chip prowess as companies focus on tech
Key Points Price wars aside, Chinese electric car companies are now competing on driver-assist and other tech powered by semiconductors. “It’s hard to point to your product being superior when your competitors use the exact same silicon to power their infotainment and intelligent driving systems,” said Tu Le, founder of consulting firm Sino Auto Insights. […]
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Biden and Xi to speak after rare U.S. security adviser trip to China
Key Points U.S. President Joe Biden and Chinese President Xi Jinping are set to speak over the phone in “coming weeks,” the White House said Wednesday. The announcement came amid U.S. national security adviser Jake Sullivan’s trip to Beijing this week to meet with Wang Yi, China’s top diplomat. The last official trip to China […]
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CNBC Daily Open: Nvidia beat expectations – as expected?
Nvidia’s headquarters in Silicon Valley. Andrej Sokolow | Picture Alliance | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to […]
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Japan’s next prime minister could be the youngest candidate in a crowded election for party leadership
Japan’s Environment Minister Shinjiro Koizumi delivers a speech during a press conference at the prime minister’s office in Tokyo on September 17, 2020. Charly Triballeau | AFP | Getty Images Japan’s ruling Liberal Democratic Party is set to elect a new leader in September and, by extension, the country’s next prime minister. With almost a […]
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