Month: May 2025
Nippon Steel to invest $4 billion for new U.S. Steel mill in $14 billion package, Reuters reports
Headquarter building of the Nippon Steel corporation in Japan on January 7, 2025. David Mareuil | Anadolu | Getty Images Nippon Steel plans to invest $14 billion in U.S. Steel’s operations, including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company, according to a document and three people familiar with […]
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Home Depot will report earnings before the bell. Here’s what to expect
A customer pushes a shopping cart in front of a Home Depot store on Feb. 25, 2025 in San Rafael, California. Justin Sullivan | Getty Images Home Depot will report quarterly earnings and revenue on Tuesday as the retailer contends with high interest rates, a sluggish housing market and tariff-related cost pressures. Here’s what Wall […]
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Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion
U.S. births rose by 1% in 2024, with 3.6 million births recorded for the year, according to the CDC’s National Center for Health Statistics. SAN DIEGO, CALIFORNIA – OCTOBER 26: A woman pushes a stroller while walking along the La Jolla coastline at sunset on October, 2024 in San Diego, California. (Photo by Kevin Carter/Getty […]
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CNBC Daily Open: Markets continue winning streak but Treasury yields spike and testy trade talks loom
U.S. dollar bills. Nurphoto | Nurphoto | Getty Images U.S. stocks mostly eked out slim gains overnight, as investors look past Moody’s downgrade of the U.S.’ credit rating last Friday. This extends the markets’ rally from last week on the U.S.-China’s temporary trade truce. But there are dark clouds on the horizon. Moody’s downgrade continues to grip […]
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European stocks look set to build momentum after lackluster start to the week
Swiss Life first-quarter income jumps Insurer Swiss Life said in a trading update on Tuesday that its fee income rose 3% year on year in the first quarter of 2025, reaching 659 million Swiss francs ($791 million). Its premiums also rose by 6% from the previous year to 7.9 billion Swiss francs. The company said […]
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Taiwan’s Foxconn says AI data center with Nvidia to have 100 MW of power
Young Liu, chairman of Hon Hai Precision Industry Co., right, and Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Computex conference in Taipei, Taiwan, on Tuesday, May 20, 2025. Annabelle Chih | Bloomberg | Getty Images Taiwan’s Foxconn, the world’s largest contract electronics maker, said Tuesday an artificial intelligence center it has announced with Nvidia […]
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Novo Nordisk’s future in doubt after Wegovy maker’s ‘surprise’ CEO ouster
Novo Nordisk’s ousting of longtime CEO Lars Fruergaard Jørgensen bemused analysts, with many questioning the future of the Wegovy obesity drug maker. Source
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Australia cuts policy rate to 2-year low as inflation concerns continue to recede
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty Images Australia’s central bank cut its policy rate by 25 basis points to the lowest in two years as inflation concerns in […]
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CNBC Daily Open: Markets see slim gains – but dark clouds loom as yields spike, trade talks turn testy
U.S. dollar bills. Nurphoto | Nurphoto | Getty Images U.S. stocks mostly eked out slim gains overnight, as investors look past Moody’s downgrade of the U.S.’s credit rating last Friday. This extends the markets’ rally from last week on the U.S.-China’s temporary trade truce. But there are dark clouds on the horizon. Moody’s downgrade continues to grip […]
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China cuts benchmark lending rates for the first time in 7 months in Beijing’s growth push
A general view of shoppers is seen in a retail store in Shanghai, China, on May 10, 2025, as China’s CPI declines in April amid a trade war. Ying Tang | Nurphoto | Getty Images China cut its key lending rates by 10 basis points on Tuesday, as a stronger yuan and easing trade tensions […]
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