United States
Starbucks to roll out Microsoft Azure OpenAI assistant for baristas
Following announcements of layoffs, a Starbucks store is shown in Encinitas, California, U.S., February 24, 2025. REUTERS/Mike Blake Mike Blake | Reuters Starbucks plans to roll out a generative artificial intelligence assistant created with Microsoft Azure’s OpenAI platform to 35 locations this month as part of its strategy to simplify baristas’ jobs and speed up […]
Read More
Uncertainty looms as 2025 nears the halfway mark. How to make sure your portfolio is prepared
Stocks have made a recovered from this year’s lows, but uncertainty remains a key theme as the second half of the year approaches – and investors can prepare for it. President Donald Trump’s rollout of sharply higher tariffs in April sent stocks on a wild ride, with the S & P 500 at one point […]
Read More
China’s rare-earth mineral squeeze puts defense giants in the crosshairs
Crews walk towards a Royal Navy F-35B Lightning fighter jet to prepare it for take-off from the deck of British aircraft carrier HMS Prince Of Wales, in an undisclosed location, on April 24, 2025, following its deployment to the Indo-Pacific region. Richard Pohle | Afp | Getty Images The automotive and robotics industries have been […]
Read More
‘Collateral damage’: Fund managers lobby Congress over Section 899 to avert foreign investors leaving the U.S.
American fund managers are lobbying Congress over a provision tucked inside President Donald Trump’s tax bill that they say could lead to foreign investors “quickly” pulling investments out of the U.S. The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives in May, aims to penalize foreign-owned firms operating in the […]
Read More
CNBC Daily Open: ‘Good reports’ from U.S.-China talks could push S&P 500 to new high, analysts say
He Lifeng, China’s vice premier, arrives for trade talks at Lancaster House in London on June 9, 2025. Chris Ratcliffe | Bloomberg | Getty Images Trade negotiators from the U.S. and China have met in London, and talks are expected to continue Tuesday, a source familiar with the situation told CNBC’s Megan Casella. It seems […]
Read More
Temu and Shein are pivoting to Europe to deal with U.S. tariffs. But they may not get a warm welcome
Shein and Temu icons on a phone screen. Jakub Porzycki | Nurphoto | Getty Images Temu and Shein are pivoting to Europe as their business in the U.S. takes a major hit from unfavorable trade policies. But the China-founded budget e-commerce apps may not receive a warm reception in their new target markets. In recent […]
Read More
Huawei chips are one generation behind U.S. but firm finding workarounds, CEO says
Logo of Huawei at the Mobile World Congress 2024. Ramon Costa | SOPA Images | Lightrocket | Getty Images Huawei Technologies’ chips are one generation behind those of U.S. peers but the firm is finding ways to improve performance through methods such as cluster computing, Chinese state media quoted CEO Ren Zhengfei as saying on Tuesday. The chipmaker invests 180 billion yuan ($25.07 billion) in research annually and […]
Read More
CNBC Daily Open: If U.S.-China talks go well, analysts think the S&P 500 could hit new high
U.S. Treasury Secretary Scott Bessent (center) at Lancaster House in London, U.K., on Monday, June 9, 2025. Chris Ratcliffe | Bloomberg | Getty Images Trade negotiators from the U.S. and China have met in London, and talks are expected to continue Tuesday, a source familiar with the situation told CNBC’s Megan Casella. At the top […]
Read More
Stock futures are little changed as investors await details on U.S.-China trade policy: Live updates
Traders work at the New York Stock Exchange on June 4, 2025. NYSE Stock futures are near flat on Monday night as investors waited for more insight on trade discussions between the U.S. and China. Dow Jones Industrial Average futures add 25 points points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each also […]
Read More
Crypto CEO accused of laundering $500 million linked to sanctioned Russian banks
Signage is seen at the United States Department of Justice headquarters in Washington, D.C., August 29, 2020. Andrew Kelly | Reuters Federal prosecutors in Brooklyn have charged the founder of a U.S.-based cryptocurrency payments firm with operating what they allege was a sophisticated international money laundering scheme that moved over half a billion dollars on […]
Read More