Donald Trump and South Korean President Lee Jae Myung finalized details of their fraught trade deal at a summit in South Korea on Wednesday, and the U.S. president also sounded an optimistic note about a looming summit with China’s Xi Jinping.”We made our deal, pretty much finalized it,” Trump said at a dinner with Lee and other regional leaders on the sidelines of an Asia Pacific forum.The allies unveiled a deal in late July under which Seoul would avoid the worst of U.S. tariffs on its imports by agreeing to pump $350 billion of new investments into the United States…
Author: usaeverydaylife
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are focused ways to play the health care sector and diversifying away from tech as the market hits new highs. ‘Worldwide Exchange’ pick: Thermo Fisher (TMO) Sarat Sethi of DCLA sees big upside in Thermo Fisher , a health care equipment and software maker that has underperformed due in part to a negative tariff impact and economic uncertainty. “What you are seeing is their demand is coming back from biotech and healthcare companies,…
CEO of Apple Tim Cook looks at the new iPhone 16 with Siddharth Suryanarayan and Aditi Rao Hydari as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024.Manuel Orbegozo | ReutersApple’s Thursday earnings report is critical for investors because it includes the first official sales figures for the iPhone 17. The report covers sales through the end of September, which includes a little more than a weeks worth of sales data for the latest Apple smartphones that went on sale Sept. 19. In recent weeks, Wall Street has been boosting…
Glenn Fogel, Booking Holdings CEO, joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, state of travel, impact of AI, and more. Source link
The Etsy NYC headquarters building is seen in New York City.Michael M. Santiago | Getty Images News | Getty ImagesEtsy CEO Josh Silverman will step down from his position and move to the role of executive chairman at the end of the year, the online marketplace said Wednesday.This is breaking news. Please refresh for updates. Source link
A ‘For Sale’ sign is posted beside property for sale in Alhambra, California.Frederic J. Brown | AFP | Getty ImagesMortgage interest rates dropped for the fourth straight week last week, spurring both current homeowners and potential homebuyers to call their lenders. Total mortgage application volume increased 7.1% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.30% from 6.37%, with points falling to 0.58 from 0.59, including the origination fee, for loans with a 20% down payment. That…
Signage for a CVS pharmacy in Takoma Park, Maryland, US, on Wednesday, July 9, 2025. Al Drago | Bloomberg | Getty ImagesCVS Health on Wednesday reported third-quarter earnings and revenue that blew past estimates and raised its adjusted profit outlook, as the company sees improvement in its insurance unit.Still, shares of CVS fell more than 3% in premarket trading Wednesday as the company posted a net loss during the quarter, which reflects a $5.7 billion goodwill impairment charge related to the health care services segment’s health care delivery reporting unit.The quarterly results cap David Joyner’s first full year as CEO…
Nvidia on Tuesday made a series of announcements at its GTC conference in Washington, DC, sending the stock to record levels. Analysts are excited about what comes next. CEO Jensen Huang said he expects $500 billion in AI chip sales. Huang added that the company would partner with the Department of Energy to build seven new supercomputers. The company also said that it is taking a $1 billion stake in Nokia . The companies will work together in a strategic partnership to develop next-generation 6G cellular technology. The announcements sent Nvidia higher on the day by 5%. On Wednesday, shares…
Amazon’s largest AI data center has seven completed buildings, with 30 total buildings planned on 1,200 acres in New Carlisle, Indiana, shown here on October 8, 2025.Erin BlackNEW CARLISLE, Indiana — A year ago, it was farmland. Now, the 1,200-acre site near Lake Michigan is home to one of the largest operational AI data centers in the world. It’s called Project Rainier, and it’s the spot where Amazon is training frontier artificial intelligence models entirely on its own chips.Amazon and its competitors have pledged more than $1 trillion towards AI data center projects that are so ambitious, skeptics wonder if…
Norges BankKristian Helgesen/Bloomberg | Bloomberg | Getty ImagesNorway’s $2 trillion sovereign wealth fund — the largest of its kind in the world — on Wednesday reported a 5.8% return during the third quarter, powered by strong stock market gains across basic materials, telecommunications and financial services.Norges Bank Investment Management (NBIM) manages the fund on behalf of the Norwegian population. Set up in the 1990s to invest excess revenues from Norway’s oil and gas industry, the enormous fund currently invests in assets across 70 countries.At the end of September, the Government Pension Fund Global had a value of 20.4 trillion Norwegian kroner ($2…
