Month: May 2025
CNBC Daily Open: The U.S.-China deal revives markets and the idea of a ‘Trump put’
Chinese President Xi Jinping and President Donald Trump at the G-20 Summit in Osaka on June 29, 2019. Brendan Smialowsi | AFP | Getty Images Over the weekend, both the U.S. and China agreed to reciprocally slash tariffs on each other for 90 days from 125% to 10%. That’s much more than expected, as Trump […]
Read More
Asia-Pacific markets climb after massive rally on Wall Street on U.S.-China trade deal
This photo was shot from Varanasi, India in the morning. The soft sun light touch the old building along the ganga river. “n”nVaranasi is a North Indian city on the banks of the Ganges in Uttar Pradesh. It is one of the oldest continuously inhabited cities in the world. The spiritual capital of India, it […]
Read More
Samsung launches thin S25 Edge as Apple reportedly prepares the iPhone ‘Air’
Samsung launched the Galaxy S25 Edge, a thinner version of its flagship smartphone. Arjun Kharpal | CNBC Samsung on Tuesday unveiled a thin version of its flagship smartphone in an unusually timed launch as it looks to maintain momentum in its mobile divison against an uncertain consumer backdrop and U.S. tariff policy. The Samsung Galaxy […]
Read More
Stock futures are flat after big rally, key inflation report on deck: Live updates
A trader works on the floor of the New York Stock Exchange on Aug. 4, 2022. Source: NYSE Stock futures were little changed in overnight trading following a big rally, as investors look ahead to a key inflation report Tuesday morning. Futures on the Dow Jones Industrial Average inched down 24 points. S&P 500 futures […]
Read More
Coinbase joining S&P 500 days after bitcoin soared past $100,000
Key Points Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired. Shares of the crypto exchange soared in extended trading after the announcement. Bitcoin eclipsed the $100,000 market last week, approaching its record reached in January. Source
Read More
Why a Singapore-based team is trying to sequence 100,000 Asian genomes
Data from the U.S. National Library of Medicine suggests that 85% of genomics studies have been conducted in individuals of European descent. Singapore-based project GenomeAsia 100K is working to address this representation disparity. Almost a decade ago, it set the goal to sequence 100,000 Asian human genomes and create a genetic representation of Asian human […]
Read More
The S&P 500 just sprinted through a key indicator as Wall Street cheers the rollback of tariffs
The 90-day pause on most tariffs between China and the U.S. took the worst-case scenarios off the table for Wall Street and spurred a rally that smashed through a notable milestone for chart watchers. The S & P 500 rose 3.3% on Monday and closed well above its 200-day moving average. That level had been […]
Read More
Trump’s plan to slash drug prices may struggle to get off the ground – here’s what to know
President Donald Trump, joined by National Institutes of Health (NIH) Director Jay Bhattacharya, speaks during a press conference in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images News | Getty Images President Donald Trump on Monday moved forward with a plan to lower U.S. […]
Read More
Google launches AI startup fund offering access to new models and tools
Sundar Pichai, C.E.O. of Google and Alphabet, speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images Google will begin a new fund aimed at investing in artificial intelligence startups, the company announced Monday. Through a fund […]
Read More
Toy stocks rally after Chinese tariffs slashed to 30%
Toys made by Mattel, Hasbro and others are seen at a Macy’s store in New York. Staff | Reuters Shares of major toy makers rallied on Monday after the U.S. agreed to temporarily reduce tariffs on China. The agreement will pause most tariffs and other trade barriers for 90 days, including reducing the 145% levy […]
Read More