China
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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U.S.-China tariff truce: These are the big sticking points in deal talks
The U.S. and China agreed to extend the tariff truce for another 90 days — major sticking points are holding up a deal, and both sides are planning a leaders’ summit later this year to break the impasse. Hours before the higher tariffs were set to kick in, the two countries on Monday announced the […]
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CNBC Daily Open: Investors seem conditioned to expect Trump reversals
US President Donald Trump speaks during a news conference to discuss crime in Washington, DC, in the Brady Press Briefing Room at the White House in Washington, DC, on August 11, 2025. Jim Watson | AFP | Getty Images The heaviest of U.S. President Donald Trump’s “reciprocal” tariffs — a full 145% on imports of […]
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Trump says he asked for 20% cut from Nvidia, calls H20 an ‘obsolete’ chip
U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC. Andrew Harnik | Getty Images President Donald Trump on Monday said that he initially asked Nvidia for a 20% cut of […]
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