U.S. Treasury Secretary Scott Bessent speaks as he and U.S. Trade Representative Jamieson Greer hold a press conference on the sidelines of the IMF/World Bank annual meetings in Washington, D.C., U.S., Oct. 15, 2025. Ken Cedeno | Reuters China has been using its dominance in the rare earth industry to slash prices, driving foreign competitors out, U.S. Treasury Secretary Scott Bessent told CNBC on Wednesday stateside in an exclusive interview. He characterized the country as having “a nonmarket economy.”In response, the Trump administration will “exercise industrial policy” to set price floors in a range of industries. Price floors are a…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAsia Pacific is leading the world in stablecoin activity, with over a trillion dollars worth of stablecoins moving in, out and within the region in 2024, according to an International Monetary Fund working paper. So, what’s driving Asia’s stablecoin surge? Source link
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Wednesday and what’s on the radar for Thursday’s session. United Airlines United Airlines ‘ summer earnings and its profit outlook topped estimates. However, revenue fell short, sending shares down about 2% in after hours. While the stock has lagged the S & P 500 this year, United has been the best performer among the major airlines. Year to date,…
Australia, Victoria, Melbourne, buildings on bank of Yarra riverPeter Adams | Stone | Getty ImagesAsia-Pacific markets rose Thursday, tracking Wall Street gains on strong bank earnings in a volatile trading session.Investors have been on edge in recent days as global trade tensions have escalated. The Cboe Volatility Index (VIX), known to many as Wall Street’s fear gauge, has trended higher over the past week, rising last Friday to more than 21.6, or its most elevated level since late May. The index finished at 20.6 on Wednesday stateside.Australia’s ASX/S&P 200 rose 0.16%. Investors will look to the country’s jobs data for September,…
Eddy Cue, senior vice president of internet software and services at Apple Inc., arrives for a morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 11, 2018. Bloomberg | Bloomberg | Getty ImagesApple services chief Eddy Cue said the iPhone maker would like to buy more sports rights, but the company would need to be able to do something “unique and special” with the broadcast.”We don’t have to do sports the way that they are. There’s plenty of people doing that,” Cue told CNBC’s Alex Sherman at the Autosport Business…
Arm Holdings CEO Rene Haas told CNBC’s Jim Cramer on Wednesday that moving some AI functions away from the could help reduce energy usage.Over time, he suggested, a large number of multi-gigawatt data centers won’t be sustainable.”You look to yourself, well, what are the kind of things that need to happen? I think there’s two vectors to it,” Haas said. “One is low power, the lowest power solution you can get in the cloud. Arm really contributes there. But I think even more specifically is moving those AI workloads away from the cloud to local applications.”While he said AI training…
As U.S. states start to react to growing constituent concerns around the risks associated with artificial intelligence use, Tennessee Sen. Marsha Blackburn said moving forward with a federal preemption standard is “imperative.”Earlier this week, California Gov. Gavin Newsom signed a series of bills focused on those concerns — while also vetoing some strict AI conditions legislators hoped for — requiring safeguards around chatbots, labels around the mental risks of social media apps, and tools that require age verification in device maker app stores.In addition, Utah and Texas have also signed laws implementing AI safeguards for minors, and other states have…
Marc Benioff, chief executive officer of Salesforce Inc., speaks during the 2025 Dreamforce conference in San Francisco, California, US, on Tuesday, Oct. 14, 2025. Michael Short | Bloomberg | Getty ImagesSalesforce shares rose as much as 5% in extended trading on Wednesday after the software vendor issued new financial targets for the next few years.The company said it now expects revenue of over $60 billion in 2030, above the $58.37 billion consensus among analysts polled by LSEG.The guidance excludes impact from the pending acquisition of data management company Informatica. The $8 billion deal, announced in May, is slated to close…
Check out the companies making the biggest moves in extended trading: J.B. Hunt Transport Services — Shares of the trucking and logistics company jumped more than 12% in after-hours trading on the back of its strong results. For the third quarter, J.B. Hunt earned $1.76 per share on revenue of $3.05 billion. Analysts polled by LSEG, meanwhile, posted earnings of $1.46 per share on revenue of $3.03 billion. United Airlines — Shares of the airline fell more than 2% after hours. Although earnings came in better than expected , revenue for the third quarter came up short. United expects to…
Traders work on the floor of the New York Stock Exchange during afternoon trading on Oct. 14, 2025 in New York City. Michael M. Santiago | Getty ImagesU.S. stock futures are little changed Wednesday night after strong bank earnings shifted investor focus from risks both at home and abroad as a U.S. government shutdown heads into its third week and escalating trade tensions with China persist.Futures tied to the Dow Jones Industrial Average rose just 3 points, or less than 1%. S&P futures and Nasdaq 100 futures each add 0.1%.In after-hours trading, J.B. Hunt Transport Services shares jumped more than…
