China
China isn’t welcoming Nvidia back with open arms after Trump clears way for H20 exports
Nvidia secured what was seen as a major win last month when the U.S. government announced it would allow it to resume sales of its made-for-China H20 chip. But it has since become clear that Beijing wont be rolling out the red carpet. Despite the U.S. softening on chip export controls — which Beijing has […]
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Hedge fund giant Bridgewater pares China bets, offloading stakes in Alibaba and Baidu
Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023. Bloomberg | Bloomberg | Getty Images Hedge fund giant Bridgewater Associates divested from U.S.-listed Chinese stocks in the second quarter, signaling a clear pullback from the market amid rising geopolitical strains and weakening […]
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CNBC Daily Open: Under Trump, business and politics are becoming bedfellows
Lip-Bu Tan, CEO of Intel, departs the White House in Washington, DC, U.S., on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Don’t mix business with pleasure — or the music of the spheres might eject you from the skies even if you are an astronomer — but it seems, in the […]
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Applied Materials shares sink 10% on light forecast amid macroeconomic uncertainties
The Applied Materials logo on Dec. 17, 2024. Nurphoto | Nurphoto | Getty Images Applied Materials shares sank more than 10% in extended trading Thursday as the semiconductor equipment company provided outlook for the current quarter that came in light. Here’s how Applied Materials did in its third-quarter earnings results versus LSEG consensus estimates: EPS: […]
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In one of the world’s most expensive cities, more workers are living paycheck to paycheck
Customers buying groceries at a supermarket in Singapore. Bloomberg | Bloomberg | Getty Images Singapore’s reputation for financial prudence and high savings is showing signs of strain. Rising costs and a growing prioritization for experiences and self-care are taking precedence over long-term financial planning, experts observed. “At the end of every month, when my salary […]
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Coffee and tea prices continue to ramp up due to tariffs, worrying retailers and importers
While last month’s consumer price index showed that food prices were effectively flat month over month, tariff-sensitive items like coffee beans, specialty teas and spices are showing signs of inflation, worrying small businesses selling those products. According to the Bureau of Labor Statistics, coffee prices surged 14.5% in July year over year. The average retail price […]
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CNBC’s The China Connection newsletter: Wonders and woes of China’s robotics industry
Hello, I’m Anniek Bao, a China economy and business reporter, filling in for Evelyn this week. Welcome to another edition of The China Connection. This week, I look at how the World Robot Conference put China’s ambitions for humanoid robots on full display, even as engineers and investors acknowledge that integrating them into everyday life […]
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CNBC Daily Open: The U.S. inflation jump scare is not here — at least not yet
A sale sign inside a clothing store in Artesia, California, U.S. on August 7, 2025. Patrick T. Fallon | Afp | Getty Images Waiting for tariff-induced price increases in the U.S. to show up can feel like watching an M. Night Shyamalan movie. July’s consumer price index came in mostly benign. The headline annual rate […]
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Trump says he’s open to letting Nvidia sell a downgraded version of its most advanced chip to China
Nvidia CEO Jensen Huang, right, speaks alongside President Donald Trump about investing in America, at the White House in Washington, on April 30, 2025. Jim Watson | AFP | Getty Images U.S. President Donald Trump has singaled that he’d be open to allowing Nvidia to sell a downgraded version of its most advanced artificial intelligence […]
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Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs
On Running shoes at On’s headquarters in in Zurich, Switzerland. CNBC On sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam. The buzzy sneaker brand, which has been credited with taking market share from Nike, […]
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