Month: May 2025
Investors fled to Europe and Japan after Trump’s tariffs jolted U.S. markets, Bank of America says
U.S. President Donald Trump delivers remarks at the White House in Washington, D.C., on April 2, 2025. Brendan Smialowski | Afp | Getty Images Stocks on Wall Street and beyond have been rocked by volatility in recent weeks, as U.S. President Donald Trump rolled out some tariffs, paused others, and ramped up duties on Chinese […]
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Amazon says new warehouse robot can ‘feel’ items, but won’t replace workers
There’s a new warehouse robot at Amazon that has a sense of touch, allowing it to handle a job previously only done by humans. Amazon unveiled the robot, called Vulcan, Wednesday at an event in Germany. CNBC got an exclusive first look at Vulcan in April, as it stowed items into tall, yellow bins at […]
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Novo Nordisk cuts 2025 guidance as drug copycats hit Wegovy sales, posts first-quarter profit beat
Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy are pictures while the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty Images Novo Nordisk on Wednesday reported a better-than-expected rise in […]
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CNBC Daily Open: Countries want to strike deals with U.S. — but are also making them without it
U.S. President Donald Trump holds a meeting of the Fifa Task Force at the White House in Washington, D.C., U.S., May 6, 2025. Kent Nishimura | Reuters After U.S. President Donald Trump shattered — or at least fractured — global trade relationships and supply chains, there are promising signs of reconstruction in recent days. Indeed, […]
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Tech giant Seagate sees hard drive capacity tripling by 2030 on booming AI demand
Seagate Technology’s headquarters in Scotts Valley, California. Tony Avelar | Bloomberg | Getty Images Data storage firm Seagate is working to develop a 100-terabyte hard drive by 2030, touting blistering demand from data centers for the 70-year-old technology in the artificial intelligence boom. BS Teh, Seagate’s chief commercial officer, told CNBC that the company is […]
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CATL likely to offer less than 10% discount for $5 billion Hong Kong listing: Reuters
CATL booth is seen during the 21st Shanghai International Automobile Industry Exhibition (Auto Shanghai 2025) at the National Exhibition and Convention Center (Shanghai) on April 26, 2025 in Shanghai, China. Vcg | Visual China Group | Getty Images Prospective investors in Chinese battery giant CATL’s Hong Kong listing to raise about $5 billion have been told […]
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Here’s what to expect when Disney reports earnings before the bell
Daytime fireworks launch over Cinderella Castle during a performance of “Mickey’s Magical Friendship Faire” in the Magic Kingdom at Walt Disney World, Bay Lake, Florida, April 30, 2024. (Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images) Orlando Sentinel | Tribune News Service | Getty Images Disney will report its fiscal second-quarter earnings before the bell […]
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CNBC’s The China Connection newsletter: Tourism surge defies consumption slowdown
Tourists visit Pingyao Ancient City on the second day of the May labor day holiday on May 2, 2025 in Jinzhong, Shanxi province of China. Vcg | Visual China Group | Getty Images This report is from this week’s edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving […]
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China to cut key rates by 10 points, bank reserve requirement by 50 points in bid to boost economy
BEIJING, CHINA – MARCH 06: Pan Gongsheng, governor of the People’s Bank of China, attends a new conference on economy for the third session of the 14th National People’s Congress (NPC) on March 6, 2025 in Beijing, China. Visual China Group | Getty Images China’s central bank and financial regulators announced sweeping plans on Wednesday […]
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CNBC Daily Open: Trump says the U.S. doesn’t need a trade deal — the UK and India have made one without it
U.S. President Donald Trump speaks during a rally at Macomb Community College on April 29, 2025, at Warren, Michigan, U.S. Scott Olson | Getty Images News | Getty Images After U.S. President Donald Trump shattered — or at least fractured — global trade relationships and supply chains, there are promising signs of reconstruction in recent […]
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