U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng pose during U.S.-China trade and economic talks at Santa Cruz Palace, Spain’s main foreign ministry office, in Madrid, Spain, September 14, 2025. United States Treasury | Via ReutersLONDON — European stocks lacked direction ahead of the open on Tuesday, as investors assess developments in the U.S.-China trade talks.The U.K.’s FTSE index and Germany’s DAX are both expected to open just a touch higher, France’s CAC 40 slightly lower and Italy’s FTSE MIB is seen opening 0.11% lower, according to data from IG.Global markets are keeping a close eye on talks…
Author: usaeverydaylife
Jakub Porzycki | Nurphoto | Getty ImagesOpenAI has hired Mike Liberatore, former finance chief at Elon Musk’s xAI, to be the artificial intelligence startup’s business finance officer, responsible for overseeing its massive infrastructure spending. Liberatore, who left xAI in July after just three months on the job, begins Tuesday, a company spokesperson told CNBC. He will report to CFO Sarah Friar and work with Greg Brockman’s team, which manages the contracts and capital behind OpenAI’s compute strategy.The hiring of Liberatore is the latest move in an escalating feud between OpenAI CEO Sam Altman and Musk, who used to be good…
U.S. and U.K. banners are installed by engineers from The Flag Consultancy in the street outside Windsor Castle on September 12, 2025 in Windsor, England. U.S. President Donald Trump is making an official state visit to the UK from 17 to 19 September. Leon Neal | Getty Images News | Getty ImagesThe pomp and pageantry of U.S. President Donald Trump’s state visit to the U.K. are likely to offer a welcome distraction from the British government’s mounting troubles on the home front.The visit, which kicks into full swing on Wednesday, when Trump and first lady Melania will be the guests…
TOPSHOT – A woman farmer looks at her paddy crops submerged in floodwaters after the Ravi river overflowed following heavy rains in a village near Ajnala, around 28 km from Amritsar on September 5, 2025. Flooding across the northwestern state killed at least 29 people and affected over 250,000 last month, with the state’s chief minister calling it “one of the worst flood disasters in decades”.Narinder Nanu | Afp | Getty ImagesLarge swathes of Indian farmland have been affected by floods and torrential downpours, with the key agricultural state of Punjab facing its worst floods in 40 years.While crops have…
U.S. President Donald Trump speaks during an event to sign a memorandum to send federal resources to Memphis, Tennessee, for a surge against local crime, in the Oval Office at the White House in Washington, D.C., U.S., Sept. 15, 2025. Jonathan Ernst | ReutersU.S. President Donald Trump on Monday said he would file a $15 billion lawsuit against The New York Times, alleging defamation and libel, and calling the newspaper a “mouthpiece” for the Democratic party.In a post on Truth Social, Trump attacked the newspaper for being “a virtual ‘mouthpiece’ for the Radical Left Democratic Party,” while accusing if of…
(These are the market notes on today’s action by Mike Santoli, CNBC’s senior markets xommentator. See today’s video update from Mike above.) The majority of the market is idling after a nice run to record highs and ahead of a Fed decision, while some idiosyncratic flows goose the mega-tech stocks and the S & P 500 with them. As noted repeatedly, the market is pretty locked into the bulls’ preferred view that the Fed will be cutting interest rates starting Wednesday into a reasonably firm economy, with stocks at highs, credit spreads vanishingly tight, corporate balance sheets flush, an AI…
An Aeromexico Boeing 737 MAX 8 taxis at Los Angeles International Airport on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesThe Trump administration ordered Delta Air Lines and Aeromexico to end by Jan. 1 their nearly decade-old joint venture that allows them to coordinate schedules and prices for flights between the U.S. and Mexico.”This action is necessary because of ongoing anticompetitive effects in U.S.-Mexico City markets that provide an unfair advantage to Delta and Aeromexico as two predominant competitors and create unacceptable actual and potential harm for stakeholders, including consumers,” the Transportation Department said in a filing…
Venezuela’s Foreign Minister Yvan Gil shows a picture of a fishing boat during a press conference at the Ministry of Foreign Affairs in Caracas on September 13, 2025.Federico Parra | Afp | Getty ImagesPresident Donald Trump said on Monday that the U.S. military carried out a strike on an alleged Venezuelan drug cartel vessel heading to the United States, the second such strike carried out against a suspected drug boat in recent weeks.He said three men were killed in the strike, adding that it occurred in international waters. Trump provided no evidence for his assertion that the boat was carrying drugs.”This morning, on…
The Chinese yuan’s recent rally against the greenback may still have room to run as Beijing guides the currency higher and is seen as favoring holding off on the next rate cut. However, the yuan’s drop against other major currencies is stoking renewed trade friction. The offshore yuan has gained about 3% against the dollar this year, as the U.S. dollar tumbled against all major currencies for a mix of reasons, including America’s economic slowdown, its rising debt burden and foreign policy uncertainty. The U.S. dollar index has declined over 10% so far this year, on track for its worst…
Google CEO Sundar Pichai gives a thumbs up as he arrives to attend the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 11, 2025. Benoit Tessier | Reuters Congratulations are due to Alphabet for joining the $3 trillion club, to which only Apple, Microsoft and Nvidia have memberships. The Google parent has artificial intelligence —what else? — to thank for its inclusion in that rarefied space.Ironically, it isn’t because Google’s AI offerings have been blowing investors away. (I heard Gemini can teach me how to take better photos on Google’s Pixel smartphone.) It’s the fact…
