Wedbush tech analyst Dan Ives is putting his theory of the artificial intelligence boom to the test with a new fund that will allow his audience to follow along and invest in his favorite ideas. The Dan Ives Wedbush AI Revolution ETF is set to begin trading on Wednesday under the ticker “IVES.” The fund will track an index that consists of the companies from Wedbush’s Ives AI 30 research list. “It’s based on our research. So as new companies come in, then some companies could come out. This is a living organism, in terms of this AI 30. It’s…
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Vehicles are offered for sale at a Nissan dealership on December 18, 2024 in Libertyville, Illinois. Scott Olson | Getty ImagesNissan CEO Ivan Espinosa on Wednesday said the short-term focus is to fix the struggling automaker, as it seeks to get back on a solid footing.”I think in the short term, the focus that we have is to fix ourselves the company,” Espinosa told CNBC’s “Squawk Box Europe.””We are convinced that the plan is enough and robust,” he added.This is breaking news. Please refresh for updates. Source link
A projected illumination marking the 75th anniversary of the Schuman Declaration, on the Grossmarkthalle building at the European Central Bank headquarters in Frankfurt, Germany, on May 9, 2025.Alex Kraus/Bloomberg via Getty ImagesThe European Central Bank is all but guaranteed to trim its key interest rate on Thursday.Markets were last pricing in an around 99% chance of a 25-basis-point cut, according to LSEG data. That would take the deposit facility rate to 2% — half of the mid-2023 high of 4%.But Europe faces a highly uncertain economic outlook, raising the question of what the ECB could do beyond Thursday’s meeting.Inflation is…
A humanoid robot from UBTech moves a load onto an automated guided vehicle (AGV) in an electric car factory for Geely-backed Zeekr on Aug. 5, 2024, in Ningbo, Zhejiang province of China. Vcg | Visual China Group | Getty ImagesThis report is from this week’s edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.The big storyTariffs reminded…
Jerome Powell, chair of the U.S. Federal Reserve, during the Society For Advancing Business Editing and Writing annual conference in Arlington, Virginia, on April 4, 2025.Tierney L. Cross | Bloomberg | Getty ImagesFederal Reserve Chairman Jerome Powell told Princeton graduates to “guard” their integrity amid a flurry of criticism from U.S. President Donald Trump.Powell addressed Princeton’s Class of 2025 on May 25 and shared a series of advice including the biggest career mistakes graduates can make and, toward the end of his speech, he encouraged graduates to maintain their honor and respect.”I have one last key point. Your life matters,…
An employee stands at a blast furnace in North Rhine-Westphalia, Duisburg, Germany.Picture Alliance | Picture Alliance | Getty ImagesU.S. tariffs entered the spotlight once again in Europe on Wednesday as U.S. President Donald Trump’s 50% levy on steel and aluminum imports to the U.S. came into effect.Announced last week and signed by Trump on Tuesday, the order doubles tariffs from 25% to 50% on all metals imports to the U.S., with the president stating that the move will protect the U.S. steel industry amid a flood of cheaper foreign steel imports and weaker global demand.Canada and Mexico are the biggest exporters…
Electric vehicles outside a Tesla dealership in Melbourne on April 19, 2023.William West | AFP | Getty ImagesTesla may be facing declining sales in the U.S. and Europe, but it reported a bright spot in Australia — where its electric vehicle sales rebounded to their highest level in nearly 12 months in May.The American EV maker said Tuesday that its vehicle sales jumped to 3,897, primarily driven by record sales of its recently revamped Model Y compact sport utility vehicle. Australian sales of the Model Y soared 122.5% year over year, while sales of the company’s Model 3 dropped significantly. Total deliveries…
Donald Trump said Wednesday that China’s President Xi Jinping was “extremely hard” to make a deal with, at a time when the White House has been suggesting the two leaders could talk this week amid a rise in trade tensions.”I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!,” the U.S. president wrote on Truth Social.That post on the social media platform came after a senior White House official told CNBC on Monday that Trump and Xi were likely to speak this week.Chinese Foreign Minister Wang Yi told the new U.S.…
Here are the opening callsBank of England and the Royal Exchange in the City of London on 24th March 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesGood morning from London. This is CNBC’s live blog covering all the action in European financial markets on Wednesday, as well as business news, analysis, earnings and data.Futures data from IG on Wednesday morning suggests London’s FTSE will open 6 points higher at 8,788, Germany’s DAX up 56 points at 24,135, France’s CAC 40 up 20 points at 7,780 and Italy’s FTSE MIB 60 points higher at 40,155.U.S. tariffs are once again in focus on Wednesday after…
This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and the key personalities shaping the news. The newsletter will also highlight other key developments in the U.K. that you won’t want to miss, plus a preview of essential events that are set to make waves. Like what you see? You can subscribe here.In my more than 30 years in financial journalism, few memories are stronger than those of Tuesday, April 22, 2008, the day Royal Bank of Scotland — then one of the…
