Month: July 2025
CNBC Daily Open: The U.S. economy is not built on rock and roll
Traders work at the New York Stock Exchange on July 15, 2025. NYSE Despite the noise around tariffs and inflation fears, the U.S. economy seems to be holding its ground — for now. June retail sales came in stronger than expected, and weekly jobless claims dropped below forecasts. Add to that a solid start to earnings season, and you’ve got […]
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Nvidia CEO: If I were a 20-year-old again today, this is the field I would focus on in college
Co-founder and CEO of Nvidia Jensen Huang spoke to journalists during a trip to Beijing in July. Picture Alliance | Picture Alliance | Getty Images If Nvidia CEO Jensen Huang were a student today, he says he’d focus on the physical sciences. During a trip to Beijing on Wednesday, Huang was asked by a journalist: […]
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Australian stocks hit record high as Asia-Pacific markets track Wall Street gains
Australia stock markets climb to record high Australia’s S&P/ASX 200 climbed 0.58% to a record high of 8,689.4 during early trading hours. Year-to-date, the benchmark index as risen 6.62%, data from LSEG showed. Index heavyweights like mining giant BHP and Rio Tinto are up 1.7% and 1.32% respectively. Biotech firm CSL is up over 1.7%. Stock Chart […]
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Trump sent Jeffrey Epstein ‘bawdy’ 50th birthday letter: WSJ
Portrait of American financier Jeffrey Epstein, left, and Donald Trump as they pose together at the Mar-a-Lago estate in Palm Beach, Florida, in 1997. Davidoff Studios Photography | Archive Photos | Getty Images A “bawdy” letter to Jeffrey Epstein bearing President Donald Trump’s signature was included in an album of letters Epstein received for his […]
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Elon Musk’s Neuralink filed as ‘disadvantaged business’ before being valued at $9 billion
Jonathan Raa | Nurphoto | Getty Images Elon Musk’s health tech company Neuralink labeled itself a “small disadvantaged business” in a federal filing with the U.S. Small Business Administration, shortly before a financing round valued the company at $9 billion. Neuralink is developing a brain-computer interface (BCI) system, with an initial aim to help people […]
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Japan’s core inflation cools in June as expected, coming down from 29-month high as rice prices ease
A customer visits a store at Togoshi Ginza shopping street in Tokyo on January 23, 2025. Philip Fong | Afp | Getty Images Japan’s core inflation cooled to 3.3% in June, coming down from a 29-month high of 3.7% as rice inflation showed signs of easing. The figure — which strips out costs for fresh […]
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Stock futures are little changed after earnings, economic data lift S&P 500 to records: Live updates
A screen displays The Walt Disney Company’s logo and trading information as traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 17, 2025. Brendan McDermid | Reuters Stock futures were little changed on Thursday evening after a batch of earnings and economic reports pushed the S&P […]
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Fed Chair Powell responds to White House questions about HQ renovation
Federal Reserve Chairman Jerome Powell on Thursday formally replied to a set of pointed questions from the director of the White House Office of Management and Budget about the renovation of the Fed’s Washington headquarters. Powell pointed to a newly launched page on the Fed’s public website dedicated to answering questions about the project, which […]
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Tech’s latest job cuts raise the question: Is AI to blame?
A new round of layoffs at Microsoft has reignited a growing debate: is artificial intelligence beginning to replace human workers? CNBC’s Arjun Kharpal and Steve Kovach sit down with tech journalist Michal Lev-Ram to explore whether AI is truly taking our jobs—or simply reshaping the workforce. From Silicon Valley’s multi-million dollar talent wars to “vibe […]
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Trump won’t recommend Jeffrey Epstein special prosecutor, White House says
White House Press Secretary Karoline Leavitt holds a press briefing at the White House in Washington, D.C., U.S., July 17, 2025. Nathan Howard | Reuters President Donald Trump “would not recommend a special prosecutor” to review the handling and files of the criminal case against the late serial sexual abuser Jeffrey Epstein, the White House […]
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