People enjoy an unusually warm day in New York City as temperatures reach the low 80s on June 4, 2025 in New York City. Spencer Platt | Getty ImagesPresident Donald Trump’s “big beautiful bill” temporarily raised the limit on the federal deduction for state and local taxes, known as SALT, from $10,000 to $40,000 for 2025. But some residents of certain states could see a bigger tax benefit, according to a Redfin report released last week. The results are “in line with what you might expect,” and there is “a sizable benefit to residents of certain states,” said Chen Zhao, head of…
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This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchThe U.K. government is pleased with how U.S. President Donald Trump’s historic second state visit went last week.In particular, there is satisfaction at the £150 billion ($203 billion) worth of investment decisions announced, even though some were already known about.While the biggest individual financial commitment came from Blackstone, the private equity giant, the announcements making the biggest splash in local media were the investments promised by the likes of Nvidia and Microsoft to bolster the U.K.’s artificial intelligence infrastructure.Less remarked on, however, were significant commitments to the country’s thriving tech startups.…
A “For Rent” sign in front of a building in the Capitol Hill neighborhood of Washington, DC, US, on Tuesday, Aug. 12, 2025.Al Drago | Bloomberg | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.After strengthening in the first half of this year, single-family home rents began to slow in July. This could be a…
Alibaba’s Hong Kong-listed shares surged on Wednesday to reach their highest point since 2021 after the company said it will invest more in artificial intelligence and rolled out new AI products and updates. Shares of the company jumped over 6%, while its total gains year to date rose above 107%. The tech giant plans to increase spending on AI models and infrastructure development, on top of the 380 billion yuan ($53 billion) over three years it announced in February, Chief Executive Officer Eddie Wu said Wednesday at Alibaba Cloud’s annual flagship technology conference.”We are vigorously advancing a three-year, 380 billion [yuan] AI…
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty ImagesABILENE, Texas — Sam Altman stood on a patch of hot Texas dirt, the kind that turns to dust storms on dry days and mud slicks after a sudden rain. Behind him stretched the outlines of what will soon be a massive data center complex in the west-central part of the state, where heavy wind often meets extreme heat.It was a fitting backdrop for the OpenAI CEO…
Boeing may be on the verge of getting a massive order from China as a byproduct of President Donald Trump ‘s push for a broad trade deal between Washington and Beijing. This was exactly why we initiated a position in the U.S. aircraft maker earlier this month. Jim Cramer has been saying for months now that countries looking to reduce trade deficits with the U.S. can buy Boeing planes. And, they have been. The news Shares on Tuesday gained more than 1% on reports that the U.S. and China are in the final stages of negotiations for a massive order…
Ryan W. Routh, suspected of attempting to assassinate Republican presidential nominee and former U.S. President Donald Trump at his West Palm Beach golf course, stands handcuffed after his arrest during a traffic stop near Palm City, Florida, U.S., September 15, 2024.Martin County Sheriff’s Office | Via ReutersThe trial of Ryan Wesley Routh came to a dramatic end Tuesday when he started stabbing himself in the neck with a pen after a Florida jury found him guilty of attempting to assassinate Donald Trump last year on a golf course.After just two-and-half hours of deliberations, the panel also found Routh guilty of…
Japanese equities are extending record highs, fueled by steady inflows from foreign investors and governance reforms. However, risks remain — from political instability to a potential yen spike or U.S. market downturn — but analysts say such shocks are more likely to trigger buying opportunities than end the rally. The Nikkei 225 and broader Topix indexes slipped after the Bank of Japan’s surprise decision last Friday to start selling its massive ETF holdings, but shares quickly rebounded. While the rally looks long in the tooth for some investors, analysts argue that the momentum for Japanese stocks rests on solid foundations — and has further room…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailGil Luria, D.A. Davidson managing director, joins ‘Fast Money’ to discuss the disparity between major players like Microsoft, Amazon, and Google, with low borrowing costs and high returns, versus incremental players such as Oracle, which face higher costs of capital and lower returns, raising concerns about value destruction, and more. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin and ether are little changed after a pullback to start the week. Plus, JPMorgan CEO Jamie Dimon says stablecoins don’t pose a threat to banks. And, Santiago Roel Santos of Inversion breaks down where crypto is going in Q4.10:59Tue, Sep 23 20253:12 PM EDT Source link
