Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020.Kiyoshi Ota | Bloomberg | Getty ImagesShares of SoftBank Group plunged as much as 10% Wednesday after the Japanese giant said it had sold its entire stake in U.S. chip giant Nvidia for $5.83 billion. The capital will be used to fund SoftBank’s $22.5 billion investment in ChatGPT parent OpenAI, a person familiar with the matter told CNBC.Shares of SoftBank Group last traded more than 5% lower.In its earnings report, SoftBank said it sold 32.1 million Nvidia shares in October. It…
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Carter Worth, Worth Charting, joins ‘Fast Money’ to talk the technicals on Lyft. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, major cryptocurrencies fall after rallying the day before on hopes that the record-setting U.S. government shutdown could be nearing an end. Plus, Gemini shares sink after the crypto exchange reported a wider-than-expected loss. And, Alexander Blume, CEO of Two Prime, breaks down his predictions for crypto in 2026. Source link
Chinese President Xi Jinping meets with U.S. President Donald Trump in Busan, South Korea, Oct. 30, 2025. (Photo by Huang Jingwen/Xinhua via Getty Images)Huang Jingwen | Xinhua News Agency | Getty Images Even as a U.S.–China trade truce appears to be holding, analysts caution that the détente remains fragile in a rivalry increasingly defined by strategic competition.A flurry of decisions, outlined in the sweeping trade deal struck by U.S. President Donald Trump with Chinese leader Xi Jinping last month, took effect on Monday, with rollbacks of steep tariffs and export controls.The U.S. halved fentanyl-linked tariffs on imports from China to…
Lujiazui Business Districk in Pudong, Shanghai, China.Liqun Liu | Construction Photography | Hulton Archive | Getty ImagesAsia-Pacific markets were set to climb Wednesday, after Wall Street traded mixed on hopes that the record-setting U.S. government shutdown could be nearing an end and AI trade stumbling.Japan’s benchmark Nikkei 225 index was set for a higher open, with its futures contract in Chicago trading at 51,190, and its counterpart in Osaka at 51,110, against the index’s Tuesday close of 50,842.93.Australia’s S&P/ASX 200 was flat.Futures for Hong Kong’s Hang Seng Index pointed to a slightly higher open, trading at 26,865, against the index’s…
Here are Monday’s biggest calls on Wall Street: Jefferies reiterates Apple as hold Jefferies said its checks show Apple’s iPhone volume has likely peaked. “iPhone has been super strong in China driven entirely by 17, and due mostly to pricing.” Goldman Sachs upgrades Piper Sandler to buy from neutral Goldman said it’s bullish on the capital markets and financial services company. “We upgrade PIPR to Buy (from Neutral), with a $386 price target, or 17% upside (vs. 14% on average across our IBanks coverage), and 19% total return, inclusive of a 2% dividend yield.” Deutsche Bank upgrades MP to buy…
The final trades of the day with CNBC’s Melissa Lee and the ‘Fast Money’ traders. Source link
CNBC’s Jim Cramer suggested some artificial intelligence companies might start to underperform after months of easy gains across the board, expressing concerns about OpenAI’s ability to pay the billions it’s committed to spend on an infrastructure buildout.”In this kind of environment, you need to start diversifying into other growth areas, perhaps in time to keep all the king’s horses and all the king’s men sidelined,” he said. “Maybe OpenAI can come public and Humpty-Dumpty won’t have a great fall, but in the meantime, it’s something you need to keep an eye on.”OpenAI has inked deals with many tech peers worth…
Supplemental Nutritional Assistance Program (SNAP) signage at a grocery store in Dorchester, Massachusetts, US, on Monday, Nov. 3, 2025. Mel Musto | Bloomberg | Getty ImagesThe Supreme Court on Tuesday extended until late Thursday night a pause in a federal judge’s order that the Trump administration pay full SNAP benefits for November.The two-day delay, which was objected to by Justice Ketanji Brown Jackson, gives Congress time to pass a short-term funding bill that would reopen the U.S. government, which has been shut down since Oct. 1, and fund the SNAP program that provides 42 million Americans with food stamps.The Trump…
The U.S. Capitol is shown the morning after the Senate passed legislation to reopen the federal government on Nov. 11, 2025 on Capitol Hill in Washington, DC.Win McNamee | Getty ImagesThe Senate Agriculture Committee has released a draft of its portion of a much-awaited digital assets market structure bill — a critical step toward accelerating institutional and retail adoption of cryptocurrencies. Unveiled on Monday by Agriculture Chair John Boozman, R-Ark., and Sen. Cory Booker, D-N.J., the bipartisan discussion draft lays the groundwork for creating guardrails for the crypto industry in the U.S. It also establishes guidelines for institutions that want to…
