Year: 2025
China’s July manufacturing activity contracts more than expected — declines for fourth-straight month
Key Points China’s official manufacturing PMI has been below the 50 mark, reflecting contraction rather than expansion, since April. The index for July was 49.3, missing expectations for 49.7 according to a Reuters poll. During a high-level Politburo meeting on Wednesday, China’s top leaders did not signal plans for substantial new stimulus. Source
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Elon Musk’s plan to build Boring Co. tunnels in Nashville sparks partisan feud
Elon Musk has expanded a number of his companies within Texas, including Tesla, SpaceX, the Boring Co. and Neuralink. Tesla broke ground on a lithium refinery in Texas earlier this year with Governor Greg Abbott in attendance. Christophe Gateau | Picture Alliance | Getty Images Elon Musk’s tunneling venture, The Boring Company, announced plans earlier […]
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CNBC Daily Open: The tariff rate you get is not just about your trade policies
US President Donald Trump shakes hands with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images In the frenzied run-up to Friday, August 1— the day when U.S. President Donald Trump’s new tariffs come into effect (no […]
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Samsung second-quarter profit more than halves, missing expectations, weighed by slump in chip business
Samsung signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images Samsung Electronics on Thursday reported a second-quarter operating profit of 4.7 trillion Korean won that missed expectations, weighed by U.S. export restrictions on advanced AI chips to China. […]
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Asia-Pacific markets trade mixed as investors assess U.S.’ 15% tariffs on South Korea; await Bank of Japan’s rate decision
Asia-Pacific markets start the day mixed Asia-Pacific markets opened mixed Thursday. Japan’s Nikkei 225 benchmark moved up 0.21% while the broader Topix index ticked up 0.28%, as of 8.10 a.m. Singapore time (8.10 p.m. ET Wednesday). In South Korea, the Kospi index fell 0.14% while the small-cap Kosdaq was flat. Over in Australia, the S&P/ASX 200 benchmark fell […]
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Trump announces trade deal with South Korea, setting tariffs at 15%
File photo: US President Donald Trump gestures during a joint press conference in South Korea. Afp Contributor | Afp | Getty Images U.S. President Donald Trump on Wednesday announced that Washington had reached a “Full and Complete” trade deal with Seoul, setting blanket tariffs on the country’s exports to U.S. at 15%. This deal means […]
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Meta’s big AI spending blitz will continue into 2026
Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo | Reuters Meta CEO Mark Zuckerberg plans to continue his company’s artificial intelligence spending blitz well into the next year as rival tech giants do the same. […]
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S&P 500 futures rise after Meta and Microsoft post quarterly beats: Live updates
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 30, 2025. Jeenah Moon | Reuters S&P 500 futures and Nasdaq 100 futures rose on Wednesday evening following solid earnings reports from tech giants Microsoft and Meta Platforms. S&P 500 futures jumped 0.7%, and Nasdaq 100 […]
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Arm shares slip as smartphone royalties disappoint
The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty Images Arm Holdings shares dipped as much as 9% in after-hours trading on the company’s first-quarter earnings results Wednesday. […]
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EBay stock surges on earnings beat, rosy guidance
Signage at eBay headquarters in San Jose, California, U.S. David Paul Morris | Bloomberg | Getty Images Shares of eBay popped 10% in extended trading on Wednesday after the online marketplace posted stronger-than-expected results for the second quarter, and offered an upbeat forecast for the current period. Here’s how the company did in the second […]
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