Year: 2025
CNBC Daily Open: Tesla wobbles as BYD gets ahead in self-driving and Elon Musk is everywhere
Tesla and SpaceX CEO Elon Musk and U.S. President Donald Trump appear during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images Elon Musk is the world’s richest person, and the leader of Tesla, SpaceX, X, […]
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SoftBank posts surprise loss in third quarter, revenue also misses estimates
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | Reuters SoftBank Group posted a surprise quarterly loss Wednesday as its Vision Funds investments fell into red. The Japanese company’s revenue also missed analysts’ estimates. Here are Softbank’s results compared with LSEG SmartEstimate, which is weighted […]
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Europe wants to be part of the AI race against China and the U.S. — and shake off its anti-innovation image
Sam Altman, CEO of OpenAI, speaks with French President Emmanuel Macron at Station F, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025. Aurelien Morissard | Via Reuters PARIS — Music was blaring and people were cheering at the Artificial Intelligence Action Summit in Paris on […]
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European markets head for positive open as traders await latest U.S. inflation data
European markets are heading for a positive open Wednesday as global markets await the latest inflation reading out of the U.S. The U.K.’s FTSE 100 index is expected to open 4 points higher at 8,785, Germany’s DAX up 75 points at 22,104, France’s CAC up 12 points at 8,042 and Italy’s FTSE MIB 102 points higher […]
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Chinese tech giant Baidu to release next-generation AI model this year as DeepSeek shakes up market
Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — China’s Baidu plans to release the next generation of its artificial intelligence model in the second half of this year, according to a source familiar with the matter, as […]
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Battery giant CATL files for Hong Kong listing in what could be city’s largest IPO since 2021
CATL is the world’s largest electric vehicle battery maker and supplier to the likes of Tesla and Ford. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images China’s Contemporary Amperex Technology (CATL), the largest electric vehicle battery producer in the world, has filed for listing on Hong Kong’s stock exchange, potentially making it the […]
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Japan requests US to exclude Japan from steel and aluminum tariffs
Muto Yoji, Japan’s minister of economy, trade and industry. Toshifumi Kitamura | Afp | Getty Images Japan industry minister Yoji Muto said on Wednesday the nation has requested that the United States exempt Japan from steel and aluminum tariffs. U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% “without exceptions or exemptions,” saying they would aid struggling industries in […]
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Trump fires USAID’s inspector general after his office released a report critical of the administration
A worker removes the U.S. Agency for International Development sign on their headquarters on Feb. 7, 2025 in Washington, DC. Kayla Bartkowski | Getty Images The inspector general at the U.S. Agency for International Development was fired Tuesday, a day after his office released a report detailing the negative impact of the Trump administration’s dramatic […]
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CNBC Daily Open: Worries over BYD and Elon Musk send Tesla shares down
Tesla and SpaceX CEO Elon Musk delivers remarks alongside U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images Elon Musk is the world’s richest person, and the leader of Tesla, SpaceX, […]
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Asia-Pacific markets trade mixed after Fed’s Powell signals no urgency to lower rates
Yusuf Gandhi | 500Px | Getty Images Asia-Pacific markets opened mixed Wednesday after Federal Reserve Chair Jerome Powell signaled there was no urgency to cut rates. Powell on Tuesday re-emphasized the central bank’s focus on curbing inflation and signaled that policymakers were not in a rush to push interest rates lower. Australia’s S&P/ASX 200 traded […]
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