Day: March 3, 2025
Asia-Pacific markets set to track Wall Street declines as Trump tariffs dent sentiment
China World Trade Center. Dukai Photographer | Moment Open | Getty Images Asia-Pacific markets were set to fall Tuesday, tracking Wall Street declines overnight after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. Japan’s benchmark Nikkei 225 was set to open lower, with the […]
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23andMe special committee again rejects CEO Wojcicki’s take-private offer
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty Images 23andMe‘s special committee of independent directors on Monday rejected CEO Anne Wojcicki’s proposal to take the distressed genetic testing company private. Wojcicki […]
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Huawei charts cautious global comeback with ultra-expensive phones — but major challenges remain
The Huawei booth at the Mobile World Congress in Barcelona, 2025. Arjun Kharpal | CNBC BARCELONA — Huawei is dipping its toes back into the international smartphone market, but analysts warn the lingering effects of U.S. sanctions is likely to hamper the Chinese company’s ability to compete with leaders Apple and Samsung. Over the past […]
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AI cloud provider CoreWeave files for IPO
CoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft, is headed for the public market. In its IPO prospectus on Monday, CoreWeave said revenue in 2024 soared more than 700% to $1.92 billion. The company recorded a net loss of $863.4 million. In 2024, 62% of CoreWeave’s revenue came from Microsoft. […]
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Coffee, snails and game shows: Vietnamese beauty queen and actress shares her top picks for Ho Chi Minh City
Pho may be one of Vietnam’s most iconic dishes, but for Ho Chi Minh City native Nguyen Thuc Thuy Tien, it is the humble plate of com tam that wins her heart. Pho may be one of Vietnam’s most iconic dishes, but for Ho Chi Minh City native Nguyen Thuc Thuy Tien, it is the […]
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Nvidia shares fall 9% on tariff fears
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 6, 2025. Steve Marcus | Reuters Nvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada and Mexico will go into effect on Tuesday. The chipmaker’s […]
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Nvidia’s unofficial exports to China face scrutiny after arrest of silicon smugglers in Singapore
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 Alarm bells went off in 2024 when Singapore unexpectedly emerged as Nvidia’s second-largest revenue source. The disclosure fueled widespread speculation that Nvidia’s artificial intelligence chips were […]
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Private credit is becoming more accessible to retail investors. What to know about this booming asset class
A new exchange-traded fund is bringing private credit to the masses and could open the door to more products following suit. The ETF from State Street and Apollo Global Management, SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) , launched last Thursday . It aims to have at least 80% of its assets […]
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Trump dashes hope for last-minute Canada and Mexico deal ahead of 25% tariffs
U.S. President Donald Trump makes an announcement about an investment from Taiwan Semiconductor Manufacturing Company (TSMC), in the Roosevelt Room at the White House in Washington, D.C., U.S., March 3, 2025. Leah Millis | Reuters President Donald Trump said that the U.S. will impose 25% tariffs on Canada and Mexico on Tuesday, scrapping hopes of […]
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Inflation will move toward 2% target, but risks to outlook are rising, says Fed’s Musalem
Key Points During a keynote address at the National Association for Business Economics conference, Musalem noted that his baseline case is for inflation to gradually move toward the central bank’s 2% target. However, “near-term inflation expectations have risen substantially over the last few weeks, and that’s something I’m watching closely,” Musalem added. Source
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