Month: February 2025
Bitcoin hits over 3-month low, reversing gains post Trump election
Jakub Porzycki | Nurphoto | Getty Images A week-long rout in Bitcoin worsened Friday, with the digital asset hitting an over 3-month low, reversing gains that followed the election of U.S. President Donald Trump. Bitcoin was trading at about $80,500 in early trading in Asia, down 3.45% on the day and nearly 25% lower than […]
Read More
U.S. transport chief seeks to boost air traffic control hiring
The air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia. Saul Loeb | AFP | Getty Images U.S. Transportation Secretary Sean Duffy said on Thursday the Trump administration will take steps to boost air traffic controller hiring after a series of recent safety incidents again raised questions about a persistent staffing shortage. The Federal Aviation Administration will open its hiring window to […]
Read More
A third of trucks leaving Singapore’s ports were empty — AI helped cut that number in half
Singapore’s trucking industry has long been weighed down by manpower shortages, high operational costs and wasted trips. Here’s how artificial intelligence helped change that. Efficiency should be everything at one of the world’s busiest shipping hubs. And yet, for years, Singapore’s haulier industry has been weighed down by manpower shortages, high operational costs and wasted […]
Read More
America’s appetite for gold is ‘sucking’ bullion out of other countries
Osakawayne Studios | Moment | Getty Images Strong U.S. demand for gold is “sucking” bullion out of some countries as traders try to stockpile it before U.S. President Donald Trump’s tariffs on Canada and Mexico kick into high gear. There’s a “glut of gold” in New York’s vaults, Adrian Ash, BullionVault’s director of research, told […]
Read More
CNBC Daily Open: Nvidia’s slump and Trump’s renewed tariffs rocked markets
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | Reuters U.S. President Donald Trump said Thursday he would give tariffs on Canada and Mexico, which are temporarily paused, the go-ahead, while separately threatening on Wednesday to […]
Read More
Judge orders Trump admin to rescind memo directing mass firing of federal workers
Security members lower the Office of Personnel Management (OPM) flag outside the headquarters of the OPM, after probationary staff at the OPM were fired in a conference call and given less than an hour to leave the building, in Washington, D.C., U.S., Feb. 13, 2025. Tierney L. Cross | Reuters A federal judge on Thursday […]
Read More
Asia-Pacific markets fall as Trump confirms tariffs to proceed next week
Tokyo Tower, Tokyo’s famous landmark, rises high above the skyscrapers in Azabu, Roppongi and Toranomon districts. A tilt-shift lens was used in order to obtain a miniature effect. Krzysztof Baranowski | Moment | Getty Images Asia-Pacific markets opened lower on Friday after U.S. President Donald Trump confirmed that tariffs on imports from Mexico and Canada […]
Read More
Google announces layoffs in its HR, cloud units as part of ongoing cost cuts
A view of the Google headquarters in Mountain View, California, on April 16, 2024. Tayfun Coskun | Anadolu | Getty Images Google told staffers in its “People Operations” and cloud organizations this week that it plans to cut employees as part of internal reorganizations, CNBC has learned. The company will offer a voluntary exit program […]
Read More
Nvidia bounced from the $3 trillion market cap club after shares fall more than 8%
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of a Siliconware Precision Industries Co. plant in Taichung, Taiwan, Jan. 16, 2025. An Rong Xu | Bloomberg | Getty Images Nvidia is out, leaving Apple as the sole member of the $3 trillion club. The chipmaker’s shares slumped more than […]
Read More
S&P 500 futures are little changed ahead of key inflation report: Live updates
Traders work on the floor of the New York Stock Exchange on Feb. 13, 2025. Danielle DeVries | CNBC Stock futures are near flat Thursday night as investors looked to the end of a losing week and month and awaited key inflation data. Dow Jones Industrial Average futures added 45 points, or 0.1%. S&P 500 […]
Read More