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Irish 2024 budget surplus hits 7% of national income on Apple windfall
Shoppers on Wicklow Street in Dublin, Ireland, on Thursday, March 28, 2024. Bloomberg | Bloomberg | Getty Images Ireland recorded a budget surplus of around 7% of modified gross national income in 2024, mainly due to most of a 14 billion-euro ($14.5 billion) back tax bill paid by Apple flowing into the exchequer, the finance […]
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Global chip stocks climb as Foxconn’s bumper results show a continuation of the AI boom
Jakub Porzyck | Nurphoto | Getty Images Global semiconductor stocks climbed on Monday after contract electronics giant Foxconn announced record fourth-quarter revenues, suggesting the artificial intelligence boom has far more room to run. Hon Hai Precision Industry, which does business as Foxconn internationally, said in a Sunday statement that the company’s fourth-quarter revenue totaled 2.1 […]
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Chip stocks lead European markets higher; ASML up 5% after Foxconn revenue jump
European markets gained ground on Monday, with chip firms leading gains, after a choppy start to the year for stocks. The Stoxx 600 had a mixed performance last week, though it ended 0.2% higher amid a rocky start to 2025 for stocks around the world. Mixed sentiment could continue this week as traders look for […]
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CNBC Daily Open: A missing Santa Rally isn’t necessarily bad news
Traders work on the floor of the New York Stock Exchange on the last day of trading for the year on Dec. 31, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything […]
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Foreign phone sales plunge 47% in China spelling trouble for Apple
An Apple flagship store in Shanghai, China, October 15, 2024. Cfoto | Future Publishing | Getty Images Sales of foreign phone brands in China plunged in November, according to official data released Friday, underscoring further pressure on Apple, the biggest international handset vendor in the country. In November, foreign mobile phone shipments in China stood […]
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Meta replaces Global Affairs President Nick Clegg with Joel Kaplan ahead of Trump inauguration
Facebook vice president of global public policy Joel Kaplan and Facebook CEO Mark Zuckerberg leave the Elysee Presidential Palace after a meeting with French President Emmanuel Macron on May 23, 2018 in Paris, France. Chesnot | Getty Images Facebook parent Meta is replacing President of Global Affairs Nick Clegg with Joel Kaplan, the company’s current […]
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Apple offers holiday discount in China as Huawei competition heats up
People walk past an advertisement for the iPhone 16 Pro at an Apple store during National Day holiday on October 3, 2024 in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Apple is offering discounts on its top-end iPhones and other products in China for the upcoming Chinese New Year as the […]
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‘Magnificent 7’ stocks responsible for more than half of the S&P 500’s 2024 gain
Despite an attempt to broaden away from megacap tech, Wall Street remains reliant on those names. The S & P 500 climbed around 23% between the start of 2024 and Dec. 19. Bespoke Investment Group found that the “Magnificent 7” — a group that includes high fliers such as Nvidia , Microsoft , Apple and […]
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Silicon Valley’s turn of fortune: Intel has worst year ever, while Broadcom enjoys record gain
Hock Tan, CEO of Broadcom (L) and former CEO of Intel, Pat Gelsinger. Reuters | CNBC It was a big year for silicon in Silicon Valley — but a brutal one for the company most responsible for the area’s moniker. Intel, the 56-year-old chipmaker co-founded by industry pioneers Gordon Moore and Robert Noyce and legendary […]
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How five top CEOs described the AI boom in 2024
Throughout 2024, CNBC’s Jim Cramer discussed the seemingly boundless rise of artificial intelligence with dozens of CEOs across the tech world. Here is how five top enterprise leaders characterized AI’s meteoric rise this year. Nvidia CEO Jensen Huang said the “AI computing ramp” is only beginning and will last years. Huang in March painted a […]
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