Month: February 2025
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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Appeals court rejects Trump administration bid to reinstate funding freeze
U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. Kevin Lamarque | Reuters A federal appeals court on Tuesday rejected the Trump administration’s bid to pause a lower court’s order that temporarily halted a massive freeze in federal funding. A judge in Rhode Island on Monday […]
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Stock futures are little changed as traders brace for January consumer inflation report: Live updates
Orange juice futures extend losing streak Orange juice futures (MAR) were lower again Tuesday, marking their eighth consecutive negative session. OJ hit a low of 385.50 cents per pound, its lowest level since May 9, 2024. This pullback comes despite futures reaching all-time highs in mid-December. Market observers are surprised by the recent downturn, given […]
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Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid
Tesla and SpaceX CEO Elon Musk joins 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 Tesla shares dropped 6% on Tuesday after Chinese rival BYD announced plans to develop autonomous vehicle technology with DeepSeek, […]
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White House bars AP reporter from Oval Office because of AP style policy on ‘Gulf of America’
U.S. President Donald Trump speaks to reporters after signing a proclamation renaming the Gulf of Mexico to the Gulf of America, while flying over the gulf aboard Air Force One en route to New Orleans to attend the Super Bowl, February 9, 2025. Kevin Lamarque | Reuters The White House blocked an Associated Press reporter […]
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Bank stocks set to do ‘pretty well’ under Trump 2.0, investor says, naming his favorites
Investment bank stocks are set to benefit from the Trump presidency, according to investor Kingsley Jones, who said it was time for financials to “step up.” Speaking to CNBC’s Martin Soong, the Australian investor struck a bullish tone on the outlook for stocks as U.S. President Donald Trump’s second term gets underway. “Wall Street, in […]
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