A cargo ship is loading and unloading foreign trade containers at Qingdao Port in Qingdao City, Shandong Province, China on July 28, 2025.CFOTO | Future Publishing | Getty ImagesGlobal trade is not broken, despite the disruption, pressure and shock of trade tariffs introduced by the U.S. this year, the head of the World Trade Organization (WTO) told CNBC Tuesday.”Many people have the impression that, because of the unilateral actions of the U.S., that global trade is broken. Yes [they’ve] been a great disruption — the greatest disruption of global trade in 80 years — but we are pleased to see…
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Alex Chriss, CEO of PayPal Inc.Courtesy: PayPalPayPal has signed a deal with OpenAI to have its digital wallet embedded into ChatGPT so users can pay for items found through the leading consumer AI tool, the company told CNBC exclusively.Shares of the company jumped 13% in premarket trading on the news.The agreement, sealed over the weekend, means that starting next year, both sides of PayPal’s ecosystem can plug into ChatGPT: PayPal users can purchase items through the AI platform, and its merchants can sell on it, with their inventory listed there, according to PayPal CEO Alex Chriss.”We’ve got hundreds of millions…
UBS predicts another strong quarter for Amazon . The bank maintained its buy rating on the e-commerce giant and lifted its 12-month price target to $279 per share from $271. The new forecast implies upside of 23% from Monday’s close. The target change comes ahead of Amazon’s third-quarter report. Analyst Stephen Ju made made several revisions to his Amazon estimates ahead of the release, including a modest increase to its e-commerce segment due to benefits from higher third-party seller inventory levels. The analyst sees this accompanied by likely margin expansion due to improving unit economics. He also cited the potential…
Microsoft cofounder Bill Gates attends a private dinner for technology and business leaders hosted by U.S. President Donald Trump in the State Dining Room at the White House in Washington, D.C., U.S., September 4, 2025. Brian Snyder | ReutersMicrosoft co-founder Bill Gates, who wrote a book in 2021 titled, “How to Avoid a Climate Disaster,” now says leaders need to shift their approach to climate change.In a letter published Tuesday ahead of next week’s COP30 U.N. climate summit, Gates argued that too many resources are focused on emissions and the environment, and that more money should go toward “improving lives”…
People pass by The Spheres in downtown Seattle, Washington, on June 25, 2025. Juan Mabromata | AFP | Getty ImagesAmazon said Tuesday that it will lay off about 14,000 corporate employees, marking the latest cuts in the company’s multi-year effort to rein in costs.In a blog post, the company wrote that the layoffs are being carried out to help make the company leaner and less bureaucratic, while it looks to invest in “our biggest bets” including generative artificial intelligence.”This generation of AI is the most transformative technology we’ve seen since the Internet, and it’s enabling companies to innovate much faster…
Cathie Wood, founder and chief executive of ARK Invest, says embodied AI in the healthcare space is “one of the most profound applications of AI” which will be central to a productivity and innovation boom in the coming years. Wood told CNBC in an exclusive interview that ARK — which invests in disruptive technology opportunities — is now focused on pure plays in the innovation space. These span robotics, energy storage, AI, blockchain technology and “especially” multiomic sequencing in the healthcare space, which Wood says is “the most underestimated and underappreciated” of all the investment themes. Multiomic sequencing in healthcare…
CNBC’s Jim Cramer on Monday reviewed the only six U.S. companies currently valued between $500 billion and $1 trillion, and he ranked JPMorgan Chase as the one most likely to be the next to reach $1 trillion.”The reason I have JPMorgan as the favorite in this race, with three to one odds, is very simple: the banks are on fire right now, and right now this stock is ridiculously cheap … This thing trades at 15 times this year’s earnings estimates,” he said. “If we get a little multiple expansion and people, say, they start paying 17.5 times next year’s…
An Optimus bot from Tesla on display during the 2024 World AI Conference & High-Level Meeting on Global AI Governance at the Shanghai World Expo Exhibition and Convention Center on July 7, 2024.Anadolu | Anadolu | Getty ImagesArk Invest founder and Chief Executive Cathie Wood on Tuesday singled out the potential for artificial intelligence to accelerate the development of humanoid robots.Speaking to CNBC on the sidelines of the Future Investment Initiative (FII) in Riyadh, Saudi Arabia, Wood said machines that resemble people in size, shape and movement could represent one of the biggest AI opportunities.”I know a lot of people…
This photograph taken on October 30, 2022, shows the logo of the Swiss pharmaceutical and drug maker Novartis on a building in Basel. Gabriel Monnet | Afp | Getty ImagesNovartis “can never be done” when it comes to major acquisitions in its sector as it always needs to look for the next “great asset,” CEO Vas Narasimhan told CNBC.In order to offset the hit from generics competition Novartis has been on a buying spree, acquiring more than 35 companies over the last year. The Swiss drugmaker announced its biggest deal in a decade on Sunday, when it announced it has…
U.S. President Donald Trump and China’s President Xi Jinping shake hands before their bilateral meeting during the G-20 leaders summit in Osaka, Japan on June 29, 2019.Kevin Lamarque | Reuters The mere prospect of a U.S.-China trade deal is enough to send markets higher.On Monday stateside, the S&P 500, Dow Jones Industrial Average and Nasdaq Composite closed at record highs — with the broader market index breaking past the 6,800 level for the first time.And that’s before an agreement has been signed officially.”A lot of the forecasts for technology have been without the benefit of China, so once you can…
