Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 21, 2025. Brendan McDermid | ReutersU.S. stock futures were little changed early Friday ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole on Friday. Investors will be seeking clues on the path forward for monetary policy.Dow Jones Industrial Average futures rose 16 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures were each down 0.04% and 0.18% respectively.Intuit shares dropped nearly 6% in extended trading even after the maker of TurboTax and QuickBooks posted fiscal fourth-quarter results that topped Wall…
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CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions.A Long March-12 rocket carrying a group of internet satellites blasts off from the Hainan commercial spacecraft launch site on Aug. 4, 2025 in Wenchang, Hainan.China News Service | China News Service | Getty ImagesOverview: The U.S.-China space race is getting tighterSo on land, so among the stars: tensions between the U.S. and China have until early November to gently simmer in matters of trade, but they’re set to soar in the race to advance the…
Jerome Powell, chairman of the U.S. Federal Reserve arrives for a dinner during the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, U.S., on Aug. 21, 2025.David Paul Morris | Bloomberg | Getty Images Jerome Powell, chair of the U.S. Federal Reserve, will be giving his keynote address at the annual Jackson Hole, Wyoming, gathering of central bankers and economists on Friday stateside.It’ll be one of the most important speeches by a central bank official — even more so than Powell’s press conferences after the Fed’s rate-setting meetings — because Jackson Hole gives Powell an opportunity…
Workers assemble cars on the assembly line at a Volkswagen automobile factory on March 7, 2025, in Wolfsburg, Germany.Sean Gallup | Getty Images News | Getty ImagesShares listed in Europe look set to open lower on Friday, as investors continue to assess the full scope of the European Union’s trade deal with America.Futures tied to London’s FTSE 100 were last seen trading flat, while those tied to the German DAX were 0.3% lower and French CAC 40 futures were down by 0.2%.Midway through Thursday’s trading session, officials announced in-depth details of the deal struck between Washington and Brussels late last…
The Nio logo is seen at the NIO booth in the National Exhibition Center in Shanghai, China, on April 28, 2025, during the Shanghai Automobile Show 2025. (Photo by Ying Tang/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesShares of Chinese electric carmaker Nio surged after the company unveiled one of its most affordable vehicles yet, underscoring the fierce price war in the domestic market.Nio’s U.S.-listed shares rallied, climbing 9.27% to close at $5.54 on Thursday. In Hong Kong, shares rose as much as 10% in Friday morning trading.The company late Thursday unveiled its latest ES8 SUV, aggressively priced at…
Dubai pistachio kunafa chocolate bars are displayed in Maple, Ontario, Canada, on May 11, 2025.Nurphoto | Nurphoto | Getty ImagesChocolate lovers face another run of price rises as a lag impact from the cocoa market hits retailers — but better news may be in store by next Easter.Cocoa prices have soared in recent years, hitting record highs amid adverse weather conditions, pest outbreaks and supply tightness in West Africa, which produces around three-quarters of global supply.That trend has combined with broader retail price inflation around the world which is pushing up costs for consumers and denting demand for sweet treats…
Newly manufactured cars awaiting export at a port in Yokohama, south of Tokyo, Japan, on March 27, 2025.Issei Kato | ReutersMajor Japanese automakers have denied to CNBC that they have raised prices in the U.S. because of tariffs imposed by the Trump administration.That comes after a Nikkei Asia report on Thursday that stated that Japanese automakers are “passing some of the expense of U.S. tariffs through to American car buyers, a change from their strategy of absorbing the impact.”Japan was hit with 25% tariffs on automobiles in April, but that was lowered to 15% under a deal reached with the Trump…
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025.I-hwa Cheng | Afp | Getty ImagesNvidia CEO Jensen Huang on Friday showered praise on Taiwan Semiconductor Manufacturing Co. on a visit to Taiwan, saying that anybody looking to take a stake in the company would be “very smart.”This comes at a time when the U.S. administration has signaled interest in acquiring stakes in tech companies, especially those in receipt of funding under the U.S. CHIPS Act.Huang, who said the main purpose of his trip to Taiwan was to thank TSMC for…
TOPSHOT – Russia’s Foreign Minister Sergey Lavrov (R) and India’s Foreign Minister Subrahmanyam Jaishankar enter a hall for their talks at Zinaida Morozova’s Mansion in Moscow on August 21, 2025. Alexander Zemlianichenko | Afp | Getty Images India and Russia agreed Thursday to expand bilateral trade ties, signaling that U.S. tariff pressure on New Delhi over Russian oil purchases is unlikely to derail their partnership.India currently faces additional tariffs of up to 50% on goods shipped to the U.S., after the Trump administration escalated tariff threats in response to its substantial imports of Russian energy.The India-Russia relations had been among…
Friday is Fed Day. That’s when Federal Reserve Chairman Jerome Powell will address the central bank’s annual economic symposium in Jackson Hole, Wyoming. Investors will be listening carefully to Powell for hints on whether central bankers might cut interest rates as many three times before the end of the year, as the market thought was possible a week ago, or whether they will, at best, cut only twice, as the market thinks now after the rather hawkish minutes of the Fed’s July meeting were released Wednesday afternoon. According to the CME FedWatch tool, the base case for the year remains…
