Kevin Durant #35 of the Phoenix Suns looks on during the second half against the Houston Rockets at PHX Arena on March 30, 2025 in Phoenix, Arizona. Chris Coduto | Getty ImagesNBA star Kevin Durant has regained access to his bevy of bitcoins, years after getting locked out of his Coinbase account. “We got this fixed. Account recovery complete,” Coinbase CEO Brian Armstrong said Friday in a social media post, replying to a tweet about Durant being locked out of his account on the cryptocurrency exchange. The message comes just a few days after Durant and his agent Rich Kleiman joked about…
Author: usaeverydaylife
The Nvidia logo appears on a smartphone reflecting the flags of China and the U.S. Nurphoto | Nurphoto | Getty ImagesBeijing has reportedly halted purchases of yet another AI chip from Nvidia, freezing it out of the market completely — a move industry experts say reflects the country’s growing confidence in domestic chip makers and an attempt at gaining trade leverage.It was only a few months ago when Jensen Huang announced, from China, that the U.S. would allow it to resume sales of its made-for-China H20 graphics processing units, reversing a previous halt on their exports. At the time, Huang had…
NEW YORK – Hyundai Motor is increasing its revenue expectations for this year, despite ongoing U.S. tariffs causing the automaker to lower its expected operating profit margin for 2025.The new targets call for an operating profit margin this year of between 6% and 7%, down from 7% to 8%, and an increase in revenue of between 5% and 6% — up 2 percentage points — compared with 175.2 trillion South Korean won (US$12.7 billion) in 2024.The South Korean automaker revised its financial targets Thursday ahead of a CEO investor day in New York City. It will be the first time…
U.S. President Donald Trump and King Charles III during a state banquet at Windsor Castle for the State visit by the President of the United States of America on September 17, 2025 in Windsor, England. Wpa Pool | Getty Images News | Getty ImagesU.S. President Donald Trump is due to leave Windsor Castle, where he and his wife Melania received the royal treatment on Wednesday — as the U.S. leader’s historic state visit to the U.K. turns to more serious business matters.On Thursday, Trump will be heading to Chequers, the official country residence of Prime Minister Keir Starmer, for trade…
Tan Su Shan is the CEO and director of DBS Group.Bloomberg | Bloomberg | Getty ImagesAn evening with Tan Su Shan, CEO and director of DBS Group, was sold by auction house Sotheby’s on Saturday for 18,900 Singapore dollars ($14,790) to the winning bidder — more than double the pre-sale estimate of about SG$6,000 to SG$8,000.The evening includes pre-dinner champagne, a six-person private dinner hosted by Tan and a private tour at Singapore’s National Gallery, an art museum housed in two national monuments, according to Sotheby’s.”Set in an elegant and intimate setting, this dinner promises stimulating conversation and exceptional company –…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) A typically erratic market response to the as-expected 25-basis-point rate cut from the Fed , which came with a median committee member outlook for two more such cuts this year, but without the fully dovish dismissal of inflation concerns that the most bullish traders might have been looking for. The reflex trade was a textbook Fed-easing play to rotate out of big, expensive growth stocks and into lower-quality, more cyclical small-caps and financials . But the trade has…
Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy are pictures while the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty ImagesNovo Nordisk said Wednesday that late-stage trial results for its once-daily obesity pill showed “significant” weight reduction and tolerability in line with its blockbuster Wegovy injection, as drugmakers race to get an oral treatment to market.Results from the phase 3 Oasis 4 trial showed the oral semaglutide pill led to average weight reduction of 16.6%…
A person walks past a display of an Atlas 900 AI cluster at the Huawei stand during the World Artificial Intelligence Conference at the Shanghai World Expo and Convention Center in Shanghai on July 28, 2025.Hector Retamal | Afp | Getty ImagesBEIJING — Chinese telecommunications giant Huawei announced Thursday new computing systems for powering artificial intelligence with its in-house Ascend chips, as it steps up pressure on U.S. rival Nvidia.The company said it plans to launch its new “Atlas 950 SuperCluster” as soon as next year.The U.S. has sought to cut China off from the most advanced semiconductors for training…
The Bank of England (BOE) in the City of London, UK, on Monday, Dec. 16, 2024. Jason Alden | Bloomberg | Getty ImagesLONDON — European stocks are expected to open higher on Thursday, as traders evaluate the U.S. Federal Reserve’s rate cut on Wednesday.The U.K.’s FTSE index is seen opening 0.18% higher, Germany’s DAX up 0.65% France’s CAC 40 up 0.37% and Italy’s FTSE MIB up 0.31%, according to data from IG.Global markets are assessing the Fed’s decision to cut its benchmark overnight lending rate by 25 basis points on Wednesday.In an 11-to-1 vote signaling less dissent than Wall Street had anticipated,…
Federal Reserve Chair Jerome Powell takes questions from reporters during a news conference following a two-day meeting of the Federal Open Market Committee at the Federal Reserve on Sept. 17, 2025 in Washington, DC. Chip Somodevilla | Getty Images The U.S. Federal Reserve on Wednesday stateside cut interest rates by a quarter point, bringing the overnight funds rate range between 4% and 4.25%. That move was fully priced in markets — so traders got what they expected.It was a near-unanimous decision by the Fed. Only Stephen Miran, picked by U.S. President Donald Trump and confirmed to the Fed board just…
