Month: February 2025
CNBC Daily Open: Nvidia’s earnings are steady — but U.S. consumer confidence is shaky
Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (CES) 2025, showcasing the company’s latest innovations in Las Vegas, Nevada, USA, on January 6, 2025. Artur Widak | Anadolu | Getty Images Nvidia’s revenue in 2024 more than doubled compared with a year earlier, beating analysts’ expectations. Moreover, the company expects […]
Read More
European markets to open sharply lower after Trump says EU tariffs are coming ‘very soon’
European markets are heading for a sharply lower open after U.S. President Donald Trump on Wednesday threatened to impose 25% tariffs on imports from the European Union. The U.K.’s FTSE 100 index is expected to open 17 points lower at 8,700, Germany’s DAX down 156 points at 22,632, France’s CAC 35 points lower at 8,108 and Italy’s […]
Read More
China likely to cut inflation outlook to two-decade low, lay out stimulus plans at ‘Two Sessions’ meeting
BEIJING, CHINA – MARCH 5: A Chinese policeman stands guard outside the Great Hall of the People before the opening ceremony of the National People’s Congress (NPC), or parliament, on March 5, 2005 in Beijing, China. Cancan Chu | Getty Images News | Getty Images China is expected to acknowledge a significant softening in domestic […]
Read More
Nvidia warns of growing competition from China’s Huawei, despite U.S. sanctions
BEIJING — Chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company. In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second straight year. The company, blacklisted by the U.S. for national security reasons, did not feature among […]
Read More
Meta apologizes after Instagram users flag flood of graphic and violent content
Instagram has installed a new privacy setting which will default all new and existing underage accounts to an automatic private mode. Brandon Bell | Getty Images Meta apologized on Thursday for a mistake that resulted in some Instagram users reporting a flood of violent and graphic content recommended on their personal “Reels” page. “We are […]
Read More
US Supreme Court’s Roberts pauses judge’s order on Trump administration foreign aid funding
John Roberts, chief justice of the U.S. Supreme Court, during the 60th presidential inauguration on Jan. 20, 2025. Chip Somodevilla | Bloomberg | Getty Images U.S. Supreme Court Chief Justice John Roberts on Wednesday paused a federal judge’s order requiring President Donald Trump’s administration to pay foreign aid funds to contractors and grant recipients. Roberts issued an interim order placing on hold Washington-based U.S. District Judge Amir Ali’s action that had imposed […]
Read More
Seven & i shares plunge over 12% as management buyout falls through
Seven & i private branded cooked meals at a 7-Eleven convenience store, operated by Seven & i Holdings Co., in Tokyo, Japan, on Thursday, Jan. 18, 2024. Bloomberg | Bloomberg | Getty Images Shares of Japan’s Seven & i Holdings plunged as much as 12.44% Thursday after the company said the founding family had failed […]
Read More
Trump takes fight over foreign aid funding to U.S. Supreme Court
U.S. President Donald Trump talks to reporters from the Resolute Desk after signing an executive order to appoint the deputy administrator of the Federal Aviation Administration in the Oval Office at the White House on January 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images President Donald Trump’s administration asked the U.S. Supreme Court on Wednesday to […]
Read More
Asia markets mostly higher as key Wall Street benchmarks rise amid fresh Trump tariff threats
The city skyline of Lujiazui Shanghai Center in China, on March 13, 2024. Cfoto | Future Publishing | Getty Images Asia-Pacific markets were mostly higher Thursday, after key Wall Street indexes rose amid fresh tariff threats from U.S. President Donald Trump. Australia’s S&P/ASX 200 traded 0.37% higher at the open. Japan’s Nikkei 225 rose 0.32% […]
Read More
FDA cancels vaccine advisory meeting for choosing flu strains for next season’s shots
FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. Jason Reed | Reuters A crucial March meeting of vaccine advisors to the Food and Drug Administration has been canceled without explanation, a member of the advisory panel told CNBC on Wednesday. The meeting […]
Read More