Year: 2025
Trade tensions aren’t stopping Chinese companies from pushing into the U.S.
Key Points Shenzhen-based camera company Insta360 went public Wednesday on Shanghai’s tech-heavy STAR Market in the board’s largest raise to date. The company counts the U.S. as one of its biggest markets, contributing roughly the same amount of revenue as mainland China and Europe. It’s a sign of how China-based companies are still eager to […]
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Tariffs are the biggest macroeconomic concern for two in three investors, poll finds
Mounting trade tensions and tariffs have become the single biggest worry for global investors, overshadowing all other economic risks, a new survey shows. Nearly two-thirds (63%) of institutional investors and wealth managers identified trade levies as the most significant macroeconomic concern impacting their strategy, according to a survey published by British investment manager Schroders. The […]
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Israel considering military strike on Iran, sources say
Benjamin Netanyahu, Prime Minister of Israel, arrives to greet Federal President Steinmeier before a meeting at the Prime Minister’s official residence in Jerusalem, Israel on May 13, 2025. Bernd von Jutrczenka | Picture Alliance | Getty Images Israel is considering taking military action against Iran — most likely without U.S. support — in the coming […]
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China’s racing to build its AI ecosystem as U.S. tech curbs bite. Here’s how its supply chain stacks up
Chip engineer handling a wafer. Compared to Nvidia’s export-restricted chips, the performance gap between Huawei and the H20 is less than a full generation,” said Dylan Patel, founder, CEO and chief analyst of SemiAnalysis. Sinology | Moment | Getty Images With the U.S. restricting China from buying advanced semiconductors used in artificial intelligence development, Beijing […]
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U.S. envoy plans to meet Iran’s foreign minister on Sunday, U.S. official says: Reuters
U.S. Middle East envoy Steve Witkoff at Diriyah Palace, in Riyadh, Saudi Arabia, February 18, 2025. Evelyn Hockstein | Reuters U.S. Special Envoy Steve Witkoff plans to meet Iranian Foreign Minister Abbas Araghchi in Oman on Sunday and discuss Iran’s response to a recent American proposal for a nuclear deal, a U.S. official said late on Wednesday. […]
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Philippines’ push to lift tourism to 20% of GDP is ‘very realistic’: Ayala Corp
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Mariana Zobel de Ayala of Ayala Corporation says expanded public-private partnerships in infrastructure will be critical to achieving the Philippine government’s goal of boosting tourism’s share of the economy. Source
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Databricks says annualized revenue will reach $3.7 billion by next month
Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company’s Data and AI Summit in San Francisco on June 11, 2025. Jordan Novet | CNBC Databricks, a data analytics software vendor, said on Wednesday that it expects to generate $3.7 billion in annualized revenue by July, with year-over-year growth of 50%. CFO Dave Conte […]
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Elon Musk’s favorability among Republicans dropped 16 points since March, Quinnipiac says
Elon Musk, during a news conference with President Donald Trump on May 30, 2025 inside the Oval Office at the White House in Washington. Tom Brenner | The Washington Post | Getty Images Elon Musk’s official role in the Trump administration recently came to an end. Many Republicans won’t be sad to see less of […]
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CNBC Daily Open: There’s progress on trade and U.S. inflation — but it’s harder to rely on such news
A man stocks shelves at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty Images Consumer prices in the U.S. have been benign since February, and the May reading continues that trend, according to the Bureau of Labor Statistics’ consumer price index report released Wednesday. Meanwhile, the […]
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Asia-Pacific markets trade mixed as investors assess Trump claims of ‘done’ deal with China
Hong Kong. Kowloon. Busy street in Mong Kok District. Acavalli | E+ | Getty Images Asia-Pacific markets traded mixed as investors assessed U.S. President Donald Trump’s declaration that a trade deal with China was “done.” Chinese imports would invite 55% tariffs, Trump suggested. Commerce Secretary Howard Lutnick confirmed that tariffs on China will stay at […]
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