A protester with the Main Street Alliance holds a sign outside the U.S. Supreme Court, as its justices are set to hear oral arguments on U.S. President Donald Trump’s bid to preserve sweeping tariffs after lower courts ruled that Trump overstepped his authority, in Washington, D.C., U.S., November 5, 2025. Nathan Howard | ReutersAmerican importers say that if the Supreme Court rules that the money they paid for President Donald Trump’s tariffs must be refunded to them, it would be relatively simple to do and not the “mess” that some have claimed it would be.Importers pointed to U.S. Customs paperwork…
Author: usaeverydaylife
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., during a fireside chat at the Nvidia AI Summit Japan in Tokyo, Japan, on Wednesday, Nov. 13, 2024. Akio Kon | Bloomberg | Getty Images SoftBank is selling its entire stake in Nvidia — but not for the reasons you might think.In its earnings statement released Tuesday, the Japanese group said that it had sold 32.1 million Nvidia shares in October for $5.83 billion.At first blush, this could be read as a sign that Nvidia’s high valuations…
Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023.I-hwa Cheng | AFP | Getty ImagesFoxconn, the world’s largest contract electronics maker, reported Wednesday that its third-quarter profit jumped 17% from a year earlier.Here’s how Foxconn did in the September quarter compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:Revenue: $2.06 trillion New Taiwan dollars ($66.29 billion) vs. NT$2.06 trillion expectedNet profit: NT$57.67 billion vs. NT$50.41 billionFoxconn, formally known as Hon Hai Precision Industry, is best known as the world’s largest manufacturer of Apple’s…
Gan Kim Yong, Singapore’s deputy prime minister, during a panel session, at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025. Stefan Wermuth | Bloomberg | Getty ImagesDespite rising trade tensions, Singapore still wants to push ahead with a “multilateral, rules-based trading system,” and sees further cooperation between ASEAN and the European Union.This was according to Deputy Prime Minister Gan Kim Yong, who spoke at the Singapore Fintech Festival on Wednesday.Gan, who is also Singapore’s minister for trade and industry, said in a fireside chat with DBS CEO Tan Su Shan that “if we are able to…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchLast Friday brought investors in Rightmove a new and unwelcome experience — a violent stock price correction.Shares of the U.K.’s biggest property portal, which hit a record in late July, fell by 28% at one point before finishing 12.5% lower, clipping nearly £634 million ($833.4 million) from Rightmove’s stock market valuation.The sell-off followed a trading update in which the former stock market darling, which accounts for more than 70% of all consumer time spent on U.K. property portals, pledged to hike spending on…
European stocks are seen opening broadly higher on Wednesday, maintaining positive momentum seen earlier this week. Source link
Blue Whale Capital’s Stephen Yiu is positioning for further upside in gold despite the recent price pullback, and has named the world’s largest gold miner Newmont as a key portfolio pick. Yiu, chief investment officer of the Blue Whale Growth Fund, on Tuesday acknowledged that the firm could be “a bit late to the party” on gold. But he added that lingering macroeconomic concerns — namely around the U.S. fiscal deficit , as well as the dollar potentially losing its global reserve currency status — could further fuel the precious metal’s momentum into next year. “We do think that, as…
new video loaded: What It Takes to Move a Factory From China to VietnamTariffs have forced Chinese companies to move their operations to Vietnam. Alexandra Stevenson, our Shanghai bureau chief, visits a factory in Ho Chi Minh City to see how one of the biggest challenges isn’t relocating machinery and tools, but overcoming language barriers.By Alexandra Stevenson, Tung Ngo, Nailah Morgan, Linh Pham, Jon Miller and June KimNovember 12, 2025 Source link
High valuations for artificial intelligence (AI) stocks were the focus of the market this week, with fears of a potential AI bubble capping investor sentiment. But the view on Wall Street is still that several tech stocks offer strong fundamentals and are delivering rapid, AI-induced growth, justifying their sky-high valuations.The recommendations of top Wall Street analysts can help investors find attractive AI stocks displaying robust long-term growth outlooks.Here are three stocks favored by the Street’s top pros, according to TipRanks, a platform that ranks analysts based on their past performance.AmazonE-commerce and cloud computing giant Amazon (AMZN) recently impressed investors with its upbeat…
Billionaire serial entrepreneur and investor Mark Cuban has some job-hunting advice for his two children — and anyone else who finds themselves looking for entry-level roles — in the age of artificial intelligence.The advice is simple: Prioritize working for a smaller company over fighting for a job at a large corporation.At a big business, your AI skills are probably somewhat extraneous, says Cuban: You might know how to use AI effectively, but so does everyone in the company’s large, established IT department.”Small- to medium-size companies don’t have that depth,” Cuban tells CNBC Make It. “They are typically entrepreneurially driven and…
