General view of Orsknefteorgsintez oil refinery in the city of Orsk, Orenburg region, Russia Aug. 28, 2025. Stringer | ReutersU.S. decision to sanction Russia’s two largest oil companies threatens to disrupt the energy lifeline linking Moscow to its biggest customers in Asia, but without causing an immediate supply shock, industry experts told CNBC.The U.S. Treasury Department on Wednesday levied sanctions on Rosneft and Lukoil, citing Moscow’s “lack of serious commitment” to ending the war in Ukraine. The sanctions aim to “degrade” Kremlin’s ability to finance its war, the department said, signaling more measures could follow.The government has set Nov. 21…
Author: usaeverydaylife
Consumers with the Tesla Model Y L electric vehicle in Tesla stores in Shanghai, China on October 19, 2025. CFOTO | Future Publishing | Getty Images There are generally two ways for a company to increase its profit: increasing sales or cutting costs. Preferably both at the same time — because a rise in revenue might be overshadowed by spiking expenses.That’s what happened to Tesla in the third quarter. Revenue at Elon Musk’s electric vehicle company rose 12% year on year, the first increase in three quarters. Despite that, net income plunged 37% from a year earlier.The culprits? Lower vehicle…
A Kia Sportage automobile in the quality control inspection area at the Kia Slovakia sro plant in Zilina, Slovakia, on Friday, Oct. 27, 2023.Bloomberg | Bloomberg | Getty ImagesSlovakia, a small landlocked country in the heart of Europe, faces a perfect storm as it seeks to protect its enviable automotive reputation.From the establishment of the Bratislava Automobile Works (BAZ) in the early 1970s through to the fall of communism and its subsequent ascension to the European Union, Slovakia has positioned itself as the world’s leading producer of cars per capita.Nicknamed “Europe’s Detroit,” the mountainous nation of just 5.4 million has…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses Tesla’s third-quarter earnings report and what they think of the stock’s performance.04:46Wed, Oct 22 20255:16 PM EDT Source link
If you own an S&P 500 index fund, artificial intelligence is already a major part of your investment strategy.In recent years, the stock market’s gains have been fueled largely by a small group of tech giants that are aggressively investing in AI.Nvidia, Microsoft, Apple, Google parent company Alphabet and Amazon — the five biggest names in the S&P 500 — now represent nearly 30% of the entire index. And that concentration is reshaping the way investors experience diversification.More from ETF Strategist:Here’s a look at other stories offering insight on ETFs for investors.”Many people aren’t aware how their retirement portfolio performance…
Thomas Fuller | Lightrocket | Getty ImagesSocial media giant Reddit has launched a lawsuit against artificial intelligence company Perplexity, alleging that it illegally scraped user posts to train its AI model, marking the latest data-rights clash between content owners and the AI industry. The complaint filed in New York federal court on Wednesday also named three defendants, which Reddit says helped Perplexity collect its data: Lithuanian data scraper Oxylabs, “former Russian botnet” AWMProxy, and Texas startup SerpApi.Reddit alleged that the three smaller entities were able to extract its copyrighted content “by masking their identities, hiding their locations and disguising their web…
CNBC correspondent Ernestine Siu attended an AI hackathon.Courtesy of Ernestine SiuI like to spend most of my weekends taking workout classes with friends, exploring new restaurants or vegging out on the couch with a movie on. The past weekend, however, was unique. Instead of the usual routine, I chose to immerse myself in a 24-hour ‘vibe coding’ hackathon.I attended one of Singapore’s biggest in-person hackathons ever, which was sponsored and supported by AI heavyweights from around the world including OpenAI, Cursor, Anthropic, Google DeepMind and more.The event took place on a university campus from about 9 a.m. on Saturday to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses Tesla’s latest earnings report and what may be next for the company with Gene Munster, co-founder and managing partner at Deepwater Asset Management.04:14Wed, Oct 22 20255:18 PM EDT Source link
Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American in New York City, U.S., October 22, 2025. Brendan Mcdermid | ReutersStock futures edged lower on Wednesday night as investors digested quarterly earnings releases.Futures tied to the Dow Jones Industrial Average fell 87 points, or nearly 0.2%. S&P futures and Nasdaq 100 futures were both around the flatline.A slew of third-quarter earnings came out after market close from companies including Tesla, IBM, Moderna and Lam Research. Tesla, which kicked off reports from the “Magnificent Seven” megacap tech group, saw shares dip 3% on the back of…
From miners to musicians, Levi’s has outfitted generations for over 170 years. But what does it take to keep an American denim icon relevant in a global, fast moving and fashion forward world? In an exclusive interview with Levi Strauss & Co.’s CEO Michelle Gass, Managing Asia’s Christine Tan heads to Tokyo, a global hub for denim culture, to find out how the company’s first female CEO is making bold and difficult moves to transform Levi’s into the denim lifestyle brand.From miners to musicians, Levi’s has outfitted generations for over 170 years. But what does it take to keep an…
