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Dow futures rise 300 points after Trump announces U.S.-UK trade deal: Live updates
A trader works, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters Stock futures were higher Thursday after President Donald Trump announced a […]
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CNBC Daily Open: Fed warns tariffs could lead to stagflation, but it’s unlikely Trump will heed it
Federal Reserve Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on May 7, 2025 in Washington, DC. Andrew Harnik | Getty Images When the Federal Open Market Committee met in March, U.S. President Donald Trump had yet to […]
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Nvidia shares climb on report Trump will end chip export restrictions
Nvidia CEO Jensen Huang (R) speaks alongside US President Donald Trump speaks about investing in America, at the White House in Washington, DC, on April 30, 2025. Jim Watson | AFP | Getty Images Nvidia shares rose on Wednesday on a report that the Trump administration plans to revise a set of chip trade restrictions […]
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AMD CEO Lisa Su calls China a ‘large opportunity’ and warns against strict U.S. chip controls
Advanced Micro Devices CEO Lisa Su said China is a “large opportunity” market for the semiconductor and artificial intelligence industry even as export controls and evolving tariff plans loom over the world’s second-largest economy. “There should be a balance between export controls for national security as well as ensuring that we get the widest possible […]
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Trump tariffs and export curbs on China cast a cloud over major chip stocks
Illustration of the China and U.S. flag on a central processing unit. Blackdovfx | Istock | Getty Images Uncertainty — that was the theme during earnings season for the world’s biggest semiconductor firms which are unclear on demand for their products as a result of changing U.S. tariff policy and export restrictions that have been […]
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CNBC Daily Open: Countries want to strike deals with U.S. — but are also making them without it
U.S. President Donald Trump holds a meeting of the Fifa Task Force at the White House in Washington, D.C., U.S., May 6, 2025. Kent Nishimura | Reuters After U.S. President Donald Trump shattered — or at least fractured — global trade relationships and supply chains, there are promising signs of reconstruction in recent days. Indeed, […]
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Tech giant Seagate sees hard drive capacity tripling by 2030 on booming AI demand
Seagate Technology’s headquarters in Scotts Valley, California. Tony Avelar | Bloomberg | Getty Images Data storage firm Seagate is working to develop a 100-terabyte hard drive by 2030, touting blistering demand from data centers for the 70-year-old technology in the artificial intelligence boom. BS Teh, Seagate’s chief commercial officer, told CNBC that the company is […]
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CNBC Daily Open: Trump says the U.S. doesn’t need a trade deal — the UK and India have made one without it
U.S. President Donald Trump speaks during a rally at Macomb Community College on April 29, 2025, at Warren, Michigan, U.S. Scott Olson | Getty Images News | Getty Images After U.S. President Donald Trump shattered — or at least fractured — global trade relationships and supply chains, there are promising signs of reconstruction in recent […]
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AMD earnings beat as overall sales surge by 36%
Lisa Su, CEO of AMD, attends the Artificial Intelligence Action Summit at the Grand Palais in Paris, Feb. 10, 2025. Benoit Tessier | Reuters Advanced Micro Devices reported first fiscal quarter earnings on Tuesday that topped expectations, and provided a strong forecast for current quarter revenue. Shares of AMD rose in extended trading more than […]
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Super Micro issues weak guidance, cites ‘economic uncertainty and tariff impacts’
Charles Liang, CEO of Super Micro, speaks at the HumanX AI conference at in Las Vegas on March 10, 2025. Big Event Media | HumanX Conference | Getty Images Super Micro issued disappointing guidance on Tuesday, a week after the server maker provided preliminary results for the latest quarter that fell far shy of Wall […]
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