Apple CEO Tim Cook met with Labubu artist Kasing Lung during a trip to China in Oct. 2025, as pictured here on the iPhone company’s official Xiaohongshu account.ScreenshotThis report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here.The big storyWhile Nvidia’s market share has gone to zero in China due to U.S. restrictions, Apple is seeing local iPhone demand pick up.It’s no small feat for Apple. On top of escalating U.S.-China trade tensions and sluggish consumer spending, the smartphone company faces an onslaught of…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses Netflix’s upcoming earnings, the company’s performance and more with Tom Rogers, founder of CNBC, senior advisor for Versant Media and executive chairman of Clagrid Inc.05:33Mon, Oct 20 20256:02 PM EDT Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s MacKenzie Sigalos reports on the status of Amazon’s AWS outage that caused widespread service disruptions.01:40Mon, Oct 20 20256:12 PM EDT Source link
People walk past independent retailers on the Old High Street in Folkestone, UK, on Friday, Oct. 17, 2025. Inflation has surged on food and energy costs this year, with figures forecast to show it hitting 4% in September double the 2% target.Bloomberg | Bloomberg | Getty ImagesThe U.K.’s annual inflation rate was unchanged at 3.8% in September, a surprise reading after economists and the Bank of England expected price rises to peak last month. The data, released by the Office for National Statistics (ONS) on Wednesday, means the rate has now been unchanged for three months in a row.The Bank…
One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021. Bloomberg | Bloomberg | Getty ImagesBritish lender Barclays reported a profit on Wednesday as it announced a surprise £500 million ($667 million) share buyback.”We have been robustly and consistently generating capital for our shareholders consecutively over the last nine quarters,” CEO C. S. Venkatakrishnan said in a statement. “Consequently, we have decided to bring forward a portion of our full-year distribution plans, with a £500m share buyback announced today and we now plan to move to quarterly share buyback announcements. Our consistent…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBooking platform Pickyourtrail says travel appetite remains strong this Diwali season – with both international demand and advance bookings on the rise. The trend is being supported by visa-on-arrival destinations and cheaper fares from low-cost carriers. Source link
Cast and filmmakers hop on the KPop Demon Hunters-Sing Along Experience at Paris Theater on August 23, 2025 in New York City, U.S.Roy Rochlin | Getty Images Entertainment | Getty Images Netflix’s business leaders and investors probably aren’t enjoying a soda pop after the release of its third-quarter results. While the company’s revenue met expectations — though not beating them as it did the first and second quarters — earnings were taken down by a tax dispute with Brazilian authorities. Shares of Netflix fell around 6% in extended trading Tuesday stateside.But it doesn’t look like any other media company will…
Concerns about an artificial intelligence bubble are on the rise — but many investors are willing to put them to one side in the quest for mounting returns. In the most recent iteration of Bank of America’s Global Fund Managers Survey, a potential AI bubble was identified as the biggest tail risk to markets. The survey polled 166 fund managers, who collectively oversee assets worth $400 billion, between Oct. 3 and 9 — a third of whom named an AI equity bubble as the top threat, up from around one in 10 a month earlier. It marked the first time…
CNBC’s “Fast Money” team details their final trades of the day. Source link
Eakarat Buanoi | Istock | Getty ImagesA group of prominent figures, including artificial intelligence and technology experts, has called for an end to efforts to create ‘superintelligence’ — a form of AI that would surpass human intellect. More than 800 people, including Apple cofounder Steve Wozniak and former U.S. National Security Advisor Susan Rice, signed a statement published Wednesday calling for a pause on the development of superintelligence. In a statement published Wednesday, with over 800 signatories, including prominent AI figures and the biggest names in AI, ranging from Apple cofounder Steve Wozniak to former National Security Advisor Susan Rice, called for a…
