Year: 2025
America’s appetite for gold is ‘sucking’ bullion out of other countries
Osakawayne Studios | Moment | Getty Images Strong U.S. demand for gold is “sucking” bullion out of some countries as traders try to stockpile it before U.S. President Donald Trump’s tariffs on Canada and Mexico kick into high gear. There’s a “glut of gold” in New York’s vaults, Adrian Ash, BullionVault’s director of research, told […]
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CNBC Daily Open: Nvidia’s slump and Trump’s renewed tariffs rocked markets
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | Reuters U.S. President Donald Trump said Thursday he would give tariffs on Canada and Mexico, which are temporarily paused, the go-ahead, while separately threatening on Wednesday to […]
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Judge orders Trump admin to rescind memo directing mass firing of federal workers
Security members lower the Office of Personnel Management (OPM) flag outside the headquarters of the OPM, after probationary staff at the OPM were fired in a conference call and given less than an hour to leave the building, in Washington, D.C., U.S., Feb. 13, 2025. Tierney L. Cross | Reuters A federal judge on Thursday […]
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Asia-Pacific markets fall as Trump confirms tariffs to proceed next week
Tokyo Tower, Tokyo’s famous landmark, rises high above the skyscrapers in Azabu, Roppongi and Toranomon districts. A tilt-shift lens was used in order to obtain a miniature effect. Krzysztof Baranowski | Moment | Getty Images Asia-Pacific markets opened lower on Friday after U.S. President Donald Trump confirmed that tariffs on imports from Mexico and Canada […]
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Google announces layoffs in its HR, cloud units as part of ongoing cost cuts
A view of the Google headquarters in Mountain View, California, on April 16, 2024. Tayfun Coskun | Anadolu | Getty Images Google told staffers in its “People Operations” and cloud organizations this week that it plans to cut employees as part of internal reorganizations, CNBC has learned. The company will offer a voluntary exit program […]
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Nvidia bounced from the $3 trillion market cap club after shares fall more than 8%
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of a Siliconware Precision Industries Co. plant in Taichung, Taiwan, Jan. 16, 2025. An Rong Xu | Bloomberg | Getty Images Nvidia is out, leaving Apple as the sole member of the $3 trillion club. The chipmaker’s shares slumped more than […]
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S&P 500 futures are little changed ahead of key inflation report: Live updates
Traders work on the floor of the New York Stock Exchange on Feb. 13, 2025. Danielle DeVries | CNBC Stock futures are near flat Thursday night as investors looked to the end of a losing week and month and awaited key inflation data. Dow Jones Industrial Average futures added 45 points, or 0.1%. S&P 500 […]
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House Judiciary Committee subpoenas Alphabet, Meta, other tech giants over ‘foreign censorship’ of speech
Rep. Jim Jordan (R-OH) is interviewed by FOX and Friends at the U.S. Capitol on Jan. 3, 2025 in Washington, DC. Chip Somodevilla | Getty Images House Judiciary Chair Jim Jordan, R-Ohio, sent subpoenas to eight technology companies asking for more information about their communications with foreign governments over concerns that they seek to “censor […]
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Stocks to watch as copper comes in Trump’s tariff crosshairs, driving up U.S. price premium
Copper miners are likely to see divergent outcomes as U.S. tariffs on the metal loom — raising the potential for a domestic supply crunch while also driving up the U.S. copper price premium over the London Metal Exchange. U.S. COMEX copper futures jumped Tuesday night and on Wednesday after U.S. President Donald Trump signed an […]
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SEC says most meme coins are not securities
A visual representation of dogecoin and other cryptocurrencies. Yuriko Nakao | Getty Images The Securities and Exchange Commission issued guidance Thursday evening saying it does not deem most meme coins securities under U.S. federal law. Meme coins “typically have limited or no use or functionality” and are “more akin to collectibles,” according to the agency. […]
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