World
CNBC Daily Open: London markets didn’t seem to view the U.K.-U.S. trade deal positively
Britain’s Prime Minister Keir Starmer speaks to employees at a car factory in the West Midlands, Britain, on May 8, 2025. Alberto Pezzali | Via Reuters The U.K. is the first country to seal a trade deal with the U.S. Cue the jubilations. And investors certainly did, giving the three major U.S. indexes back-to-back winning […]
Read More
Chinese chipmaker SMIC shares fall nearly 7% after earnings miss
A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. Vcg | Visual China Group | Getty Images Shares of Semiconductor Manufacturing International Corporation, China’s largest contract chip maker, fell nearly 7% Friday after its first-quarter earnings missed estimates. After trading on […]
Read More
China’s shipments to U.S. plunge 21% in April while overall exports surge, beating estimates
A China Shipping cargo container sits stacked at the Port of Long Beach in Long Beach, California on April 10, 2025. Patrick T. Fallon | Afp | Getty Images China’s exports surged in April even as shipments to the U.S. plunged as businesses bore the brunt of prohibitive U.S. tariffs that kicked in last month. […]
Read More
Asia-Pacific stocks trade mixed as investors await China trade data
The view of Nanjing Road East Pedestrian Mall, the main shopping street in Shanghai. Bruce Yuanyue Bi | The Image Bank | Getty Images Asia-Pacific markets were mixed Friday as investors awaited China’s April trade data amid worries of a significant slowdown in exports growth due to U.S tariffs. Economists polled by Reuters estimate outbound […]
Read More
CNBC Daily Open: Wall Street cheered U.S.-UK trade deal — London market, not really
Britain’s Prime Minister Keir Starmer speaks on the phone to U.S. President Donald Trump at a car factory in the West Midlands, Britain, Thursday, May 8, 2025. Alberto Pezzali | Via Reuters The U.K. is the first country to seal a trade deal with the U.S. Cue the jubilations. And investors certainly did, giving the […]
Read More
Trump elevates Marco Rubio as a potential successor — and as a 2028 rival to Vance
As President Donald Trump tiptoed away this week from the idea that he might try to win a third term, he opened the door to a fresh round of intrigue: Whom does he see as his successor? In practically the same breath in an interview with NBC News’ “Meet the Press,” Trump suggested national security adviser and Secretary […]
Read More
Stock futures are flat following rally on U.S.-UK trade deal framework: Live updates
Traders work on the floor of the New York Stock Exchange on Feb. 13, 2025. Danielle DeVries | CNBC Stock futures hovered near the flatline on Thursday, with investors hoping that the U.S.- United Kingdom trade deal framework is the beginning of more progress to come. Futures tied to the Dow Jones Industrial Average fell […]
Read More
Coinbase shares fall after first-quarter revenue misses Wall Street estimates
A smartphone with the Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this photo taken June 8, 2023. Dado Ruvic | Reuters Coinbase shares fell as first-quarter revenue came in shy of Wall Street’s expectations, despite the growth in stablecoin revenue. In the quarter ended March 31, Coinbase earned $65.6 million, […]
Read More
Lyft shares rise as company ups buyback to $750 million
Lyft shares jumped 5% after the company boosted its share buyback plan to $750 million in its first quarter earnings report. Shares were as high as 10% post-earnings. Here’s how the ridesharing company did: Earnings: 1 cent per share Revenue: $1.45 billion vs. $1.47 billion estimate from LSEG Revenues grew 14% from a year ago […]
Read More
Palantir now among 10 most valuable U.S. tech companies — its earnings multiple is astronomical
Palantir Technologies CEO Alex Karp appears on a Bloomberg television interview during the FoundryCon event in Palo Alto, California, on March 7, 2024. David Paul Morris | Bloomberg | Getty Images There’s a new member in the list of the top 10 U.S. technology companies by market cap. Data analytics software vendor Palantir jumped about […]
Read More