U.S. President Donald Trump waves from the roof of the West Wing of the White House as he takes a tour on August 05, 2025 in Washington, DC. Win Mcnamee | Getty Images News | Getty Images U.S. President Donald Trump joined CNBC’s “Squawk Box” Tuesday for a lengthy interview that touched on tariffs, the Federal Reserve, the state of Russia’s economy and being rejected as a customer by JPMorgan Chase and Bank of America.For those pressed on time and want a very broad TL;DR: Trump appears to be digging in on his policies.With modified country-specific “reciprocal” tariffs due to…
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Customers walk out of a Taco Bell and Pizza Hut restaurant during lunchtime in Los Angeles, California. Kevork Djansezian | Getty ImagesLooking for the next CEO for your restaurant chain? Try mining the ranks at Yum Brands.The restaurant conglomerate, which owns Pizza Hut, KFC and Taco Bell and reported quarterly results Tuesday, has supplied rival eateries with CEOs for decades. Between its globally recognized chains, massive international footprint and company culture, Yum has quietly become an incubator for future industry leaders.”They have such a strong focus on leadership development, and in the past couple of decades, they have had very,…
China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications.Avishek Das | Lightrocket | Getty ImagesTwo Chinese nationals in California have been arrested and charged with the illegal shipment of tens of millions of dollars’ worth of AI chips, the Department of Justice said Tuesday. Chuan Geng, 28, and Shiwei Yang, 28, exported the sensitive chips and other technology to China from October 2022 through July 2025 without obtaining the required licenses, the DOJ said, citing an affidavit filed with the complaint.The illicit shipments included Nvidia’s H100 general processing units, according to the affidavit seen…
Palantir CEO Alex Karp on Monday characterized his company’s performance using a simple rule that has historically boded well for tech stock returns. Karp said in a release that the company’s score with the “Rule of 40” was a 94%, which he said meant Palantir was “once again obliterating the metric.” The rule, which is commonly used to evaluate software-as-a-service companies’ growth sustainability, ranks businesses by evaluating revenue growth and margins. “If that number is somewhere in the 50s, 60s, 70s, that’s pretty baller,” Karp said on the defense technology company’s Monday earnings call, according to a FactSet transcript. “When…
CNBC’s Jim Cramer on Tuesday pushed back against a downbeat sentiment he has felt on Wall Street, saying “knee-jerk negativity” is making investors lose money.”In this business we’re supposed to care about companies and their profits, and the profits are, indeed, bountiful,” he said. “Yet the investing class is so scared and so negative because they buy into the narrative that everything’s about to roll over.”The averages pulled back on Tuesday as investors worried about weaker-than-expected economic data and President Donald Trump’s imminent plans to announce more tariffs. The S&P 500 dipped 0.49%, the Nasdaq Composite lost 0.65% and the…
In 2025, the median rent for a 1-bedroom in Hong Kong is $2,421.Nikada | E+ | Getty ImagesFinding the right place to rent or buy can feel daunting for first-timers or even repeat real estate investors, considering the impact it can have on your wallet. This is especially true in big metropolitan areas, where property prices tend to be on the higher side.Besides the popular “30% rule” which suggests that renters should spend no more than 30% of their before-tax income on housing, another common strategy is the “3x annual income” rule — home-buyers should cap their total mortgage at…
Analysts are floating growth concerns over Palantir after the company’s latest quarterly report. The artificial intelligence software provider on Monday reported results that topped top- and bottom-line estimates . It also hiked its full-year guidance given explosive growth in AI. The company’s revenues grew 48% during the period and hit $1 billion for the first time. Palantir shares jumped more than 5% in early morning trading, continuing its postearnings rally. Year to date, the stock has rallied 112.4%. Some analysts raised their price targets on the stock after the report. However, the Street remains divided on shares. Of the 25…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyThe ‘Fast Money’ traders weigh in if they’re seeing signs of stagflation in the economy and if markets are pricing it in.04:084 hours ago Source link
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr., speaks with Agriculture Secretary Brooke Rollins (not pictured) and U.S. Senator Roger Marshall (not pictured) ahead of a roundtable event as part of the “Make America Healthy Again” (MAHA) agenda, on Capitol Hill in Washington, D.C., U.S., July 15, 2025. Ken Cedeno | ReutersThe Department of Health and Human Services will cancel contracts and pull funding for some vaccines that are being developed to fight respiratory viruses like Covid-19 and the flu.Robert F. Kennedy Jr., the health secretary and a longtime vaccine critic, announced in a statement Tuesday that…
Asia-Pacific markets are expected to open lower, tracking losses on Wall Street as investors weighed weaker-than-expected economic data as well as fresh tariff comments from U.S. President Donald Trump.”We’re going to be announcing [tariffs] on semiconductors and chips, which is a separate category, because we want them made in the United States,” Trump said on Tuesday stateside, adding that he’ll announce the new plan “within the next week or so.” Source link
