Saudi Arabia
Nvidia turns positive for 2025, third ‘Magnificent 7’ member to do so as favored group regains groove
Jakub Porzycki | Nurphoto | Getty Images Nvidia on Wednesday climbed into positive territory for the year, becoming the latest “Magnificent 7” member stock to flip into the green amid the broader market’s recovery. The artificial intelligence darling surged more than 4% in the session, bringing its gain for this week above 15%. That rally […]
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Stocks making the biggest moves midday: Oklo, eToro, Super Micro Computer, Nvidia, JD.com and more
Check out the companies making headlines in midday trading: Oklo — Shares soared more than 16% on the heels of the nuclear startup’s narrower-than-anticipated loss for the first quarter. Oklo posted a loss of 7 cents per share for the period compared to the loss of 11 cents per share analysts polled by FactSet had […]
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AMD announces $6 billion buyback; shares climb 6%
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters AMD said on Wednesday that its board of directors approved $6 billion in share buybacks. The stock climbed 6%. The authorization is […]
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Stocks making the biggest moves premarket: Nvidia, Super Micro, American Eagle Outfitters, UnitedHealth and more
Check out the companies making headlines before the bell. American Eagle Outfitters — The retailer tumbled 11% in early trading. American Eagle on Tuesday withdrew its 2025 guidance “due to macro uncertainty.” The company, faced with slow sales and steep discounting, also took $75 million in write-offs related to spring and summer merchandise. Super Micro […]
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‘I like you too much’: Trump and Saudi Crown Prince bask in their friendship during Riyadh visit
Saudi Crown Prince Mohammed Bin Salman reacts next to U.S. President Donald Trump during the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Brian Snyder | Reuters The plenary room of the Ritz Carlton Riyadh was packed to the brim on Tuesday as guests awaited the arrival of U.S. President Donald Trump and […]
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Trump meets Syrian leader in Saudi Arabia the day after announcing end of U.S. sanctions
The leader of Syria’s Islamist Hayat Tahrir al-Sham (HTS) group that headed a lightning rebel offensive snatching Damascus from government control, Abu Mohammed al-Jolani, addresses a crowd at the capital’s landmark Umayyad Mosque on December 8, 2024. Abdulaziz Ketaz | Afp | Getty Images U.S. President Donald Trump met with Syrian leader Ahmed al-Sharaa in […]
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CNBC Daily Open: Tame inflation in April banishes stagflation threat for now
People shop at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty Images The U.S. Federal Reserve at its May 7 meeting warned that America is facing an increased risk of stagflation — a scenario in which the economy slows or contracts while inflation shoots up — […]
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Trump says U.S. will remove all sanctions on Syria
U.S. President Donald Trump speaks at the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters The U.S. will remove all sanctions on Syria, President Donald Trump announced Tuesday. “I will be ordering the cessation of sanctions against Syria in order to give them a chance at greatness,” Trump […]
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Nvidia sending 18,000 of its top AI chips to Saudi Arabia
Tareq Amin, CEO of Humain, and Jensen Huang, CEO of NVIDIA, attend the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia May 13, 2025. Hamad I Mohammed | Reuters Nvidia will sell more than 18,000 of its latest artificial intelligence chips to Saudi company Humain, CEO Jensen Huang announced Tuesday. The announcement was made as part […]
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Saudi oil giant Aramco posts 5% dip in first-quarter profit on weaker crude prices
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi Aramco’s first-quarter net profit fell 5% year-on-year amid lower oil prices and production. Net income for the three months to March 31 came in […]
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