business news
SK Hynix doubles 2025 profit as AI memory shortages drive earnings beat
Signage at the SK Hynix Inc. booth at the China International Import Expo (CIIE) in Shanghai, China, on Thursday, Nov. 6, 2025. The expo runs through Nov. 10. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s SK Hynix on Wednesday posted record quarterly revenue and profit, boosted by surging […]
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LVMH shares plummet 7% as fourth-quarter results lag competitors
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024. Benoit Tessier | Reuters LVMH shares plummeted over 7% in morning trading Wednesday after the French luxury conglomerate reported a slight fourth-quarter sales beat late […]
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CNBC’s The China Connection newsletter: China-made humanoid robots set sights on Middle East and U.S. markets
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Chinese humanoid robots are on the verge of coming to the U.S. — before Elon Musk is ready to sell his Optimus machines. During my […]
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CNBC Daily Open: Starmer’s high stakes visit to China takes center stage
U.S. President Donald Trump and Indian Prime Minister Narendra Modi meet in the Oval Office at the White House on February 13, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images All eyes are on U.K. Prime Minister Keir Starmer as he begins a high-stakes, three-day trip to China, the first […]
Read MoreChip giant ASML posts record orders and upbeat 2026 guidance as AI boom continues
onathan Raa | Nurphoto | Getty Images ASML reported orders that smashed past expectations while 2026 sales guidance was also ahead of estimates as AI demand continues to support the Dutch chip giant’s business. Bookings, one of the most closely-watched metrics from investors, came in at 13.2 billion euros ($15.8 billion) in the fourth quarter […]
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China gives green light to importing first batch of Nvidia’s H200 AI chips, sources say: Reuters
Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Siemens and Nvidia announced an expansion of their strategic partnership to develop industrial and physical AI solutions to bring AI-driven innovation to industrial workflow. Photographer: Bridget Bennett/Bloomberg via Getty Images Bloomberg […]
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Airbus, AstraZeneca and HSBC executives join UK’s Starmer on high-stakes China trip
Key Points Starmer brings nearly 60 business and cultural groups on first U.K. leader visit to China in eight years. Talks with Xi and Li focus on trade, investment and national security. Visit follows a surge of foreign leaders engaging Beijing amid global tensions. Source
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Australia inflation meets expectations at 3.6%, reaching a six-quarter high
Activity on Elizabeth Street (at the intersection of Bourke St Mall), Melbourne on a cloudy day. Charlie Rogers | Moment | Getty Images Australia’s inflation came in at 3.6% in the fourth quarter of 2025, its highest level in six quarters, reinforcing warnings from policymakers that interest rate cuts this year are likely to be […]
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