Month: May 2025
Nvidia to launch cheaper Blackwell AI chip for China after U.S. export curbs, sources say
Jakub Porzycki | Nurphoto | Getty Images Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, sources familiar with the matter said. The GPU or graphics processing unit will be part of Nvidia’s […]
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Steve Jobs once called designer Jony Ive his ‘spiritual partner’ at Apple—OpenAI just bought his tech startup for $6.4 billion
OpenAI CEO Sam Altman called Jony Ive “the greatest designer in the world” on Wednesday after announcing his company’s plan to buy Ive’s artificial intelligence device startup io, in a deal worth $6.4 billion. The deal signals OpenAI’s intention to build consumer devices, likely meant to get more people using its AI services regularly. Altman […]
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ValueAct takes a stake in Rocket Cos. Here’s how the activist may help lift the share price
FILE PHOTO: A banner celebrating Rocket Companies Inc., the parent company of U.S. mortgage lender Quicken Loans, IPO is seen on the front facade of the New York Stock Exchange in New York City, U.S., August 6, 2020. Brendan McDermid | Reuters Company: Rocket Companies Inc (RKT) Business: Rocket Companies is a financial technology company […]
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How the U.S. clean energy boom could go bust if Trump’s ‘big, beautiful bill’ becomes law
Solar power CEOs believed the billions of dollars that they invested in Republican congressional districts would ultimately shield their industry from President Donald Trump’s threats to end federal support for renewable energy. But they may have been disastrously wrong. The tax bill that House Republicans passed this week is a “worse than feared scenario” for […]
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Defense Secretary Hegseth, bedeviled by leaks, orders more restrictions on press at Pentagon
Secretary of Defense Pete Hegseth attends a Cabinet meeting at the White House on April 10, 2025 in Washington, DC. President Trump convened a Cabinet meeting a day after announcing a 90-day pause on ‘reciprocal’ tariffs, with the exception of China. Anna Moneymaker | Getty Images Bedeviled by leaks to the media during his short […]
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Amid the volatility, these high-quality assets have attractive valuations — and solid yields
One place investors can turn to in this volatile market is agency mortgage-backed securities, according to Janus Henderson. The assets —debt obligations created out of a pool of mortgages and backed by the federal government — have historically been resilient in market selloffs, explained John Kerschner, head of U.S. securitized products and a portfolio manager […]
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Goldman Sachs says buy these five stocks that are set to pop
Goldman Sachs revealed recently several buy-rated stocks that analysts at the investment bank say are set to rise. The Wall Street firm says these companies are resilient and that investors should quickly buy them. CNBC Pro combed through Goldman Sachs research to find five stocks that it says have more upside. They include: Microsoft , […]
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Ukraine says 15 people hurt in ‘massive’ Russian attack on capital
OLEKSIJEVA DRUZHKIVKA, UKRAINE – MAY 23: View of destruction after Russian shelling of the private sector in Oleksijeva Druzhkivka, Donetsk oblast, Ukraine on May 23, 2025. (Photo by Jose Colon/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images Russia launched dozens of attack drones and ballistic missiles at Kyiv overnight in one of the […]
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US judge orders Trump administration to facilitate return of Guatemalan deportee
Guatemalan migrants arrive at La Aurora Air Force Base on a deportation flight from the U.S., in Guatemala City, Guatemala, January 20, 2025. Cristina Chiquin | Reuters A federal judge ordered the Trump administration on Friday to facilitate the return of a gay Guatemalan man who said he was deported to Mexico despite fearing he […]
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Companies turn to AI to navigate Trump tariff turbulence
Artificial intelligence robot looking at futuristic digital data display. Yuichiro Chino | Moment | Getty Images Businesses are turning to artificial intelligence tools to help them navigate real-world turbulence in global trade. Several tech firms told CNBC say they’re deploying the nascent technology to visualize businesses’ global supply chains — from the materials that are […]
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