Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | ReutersIf the U.S. continues to impose AI semiconductor restrictions on China, then chipmaker Huawei will take advantage of its position in the world’s second-largest economy, Nvidia CEO Jensen Huang told CNBC Thursday.”Our technology is a generation ahead of theirs,” Huang told CNBC at the sidelines of the Viva Technology conference in Paris.However, he warned that, “if the United States doesn’t want to partake, participate in China, Huawei has got China covered, and Huawei…
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Benjamin Netanyahu, Prime Minister of Israel, arrives to greet Federal President Steinmeier before a meeting at the Prime Minister’s official residence in Jerusalem, Israel on May 13, 2025.Bernd von Jutrczenka | Picture Alliance | Getty ImagesIsrael is considering taking military action against Iran — most likely without U.S. support — in the coming days, even as President Donald Trump is in advanced discussions with Tehran about a diplomatic deal to curtail its nuclear program, according to five people with knowledge of the situation.Israel has become more serious about a unilateral strike on Iran as the negotiations between the U.S. and…
Europe is being urged to capitalize on the volatility of the Trump administration, as shifts in capital and private market flows suggest U.S. exceptionalism is waning and losing out to a resurgent Europe.The numbers tell part of the story, with Europe’s Stoxx 600 up over 8% compared to a 5% jump for the S&P 500 since Nov. 1, 2024, just days ahead of the U.S. election.Bank of America said in a report dated June 5 that U.S. equities had seen outflows of $7.5 billion over the previous three weeks, while European stocks benefited from inflows of $2.6 billion over the same period. Earlier this…
BP logo is seen at a gas station in this illustration photo taken in Poland on March 15, 2025.Nurphoto | Nurphoto | Getty ImagesUAE oil giant ADNOC has joined the fray of firms said to be circling some of BP’s highly prized assets, as takeover speculation for the embattled energy major kicks into overdrive.Abu Dhabi National Oil Company is thought to be weighing up a move for some of the London-listed firm’s assets, should the oil major break up or seek to divest more units, Bloomberg reported Wednesday, citing unnamed sources familiar with the matter.ADNOC is reportedly most interested in…
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Emmanuel Macron, France’s president at the 2025 VivaTech conference in Paris, France, on Wednesday, June 11, 2025. Nathan Laine | Bloomberg | Getty ImagesFrench President Emmanuel Macron on Wednesday made a pitch for his country to manufacture the most advanced chips in the world, in a bid to position itself as a critical tech hub in Europe.The comments come as European tech companies and countries are reassessing their reliance on foreign technology firms for critical technology and infrastructure.Chipmaking in particular arose as a topic after Nvidia CEO Jensen…
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The Insta360 One R displayed in a container of water at the Insta360 booth during CES 2020 at the Las Vegas Convention Center on Jan. 8, 2020.David Becker | Getty Images News | Getty ImagesBEIJING — Chinese companies are so intent on global expansion that even the biggest stock offering to date on Shanghai’s tech-heavy STAR board counts the U.S. as one of its biggest markets, on par with China.Shenzhen-based camera company Insta360, a rival to GoPro, raised 1.938 billion yuan ($270 million) in a Shanghai listing Wednesday under the name Arashi Vision. Shares soared by 274%, giving the company…
Mounting trade tensions and tariffs have become the single biggest worry for global investors, overshadowing all other economic risks, a new survey shows.Nearly two-thirds (63%) of institutional investors and wealth managers identified trade levies as the most significant macroeconomic concern impacting their strategy, according to a survey published by British investment manager Schroders.The perceived risk from tariffs was more than six times greater than the next highest-ranking concern. The poll, which surveyed nearly 1,000 top investors representing a combined $67 trillion in assets, found that this trade uncertainty is fueling a demand for stability.The study was done between April and…
For potential homebuyers, the U.S. housing market is hard to read right now.Affordability remains an obstacle, with elevated mortgage rates and a median home price of $442,000 — up 0.9% from a year ago, according to Redfin data.However, inventory is rising in many markets, especially in the South, giving buyers more leverage to negotiate prices. Redfin expects home prices to decline 1% year over year by the end of 2025, a forecast that aligns with Zillow’s projected 1.4% drop over the same period.Overall, the market is “a mixed bag,” says Ben Jacobs, a real estate broker with Douglas Elliman. “On…
Former Starbucks CEO Howard Schultz drinks from a Starbucks mug while testifying before a Senate Health, Education, Labor, and Pensions Committee hearing to answer questions about the company’s compliance with labor law on Capitol Hill in Washington., U.S., March 29, 2023. Julia Nikhinson | ReutersLAS VEGAS, NEV. — Former Starbucks CEO Howard Schultz said Wednesday that he “did a cartwheel” in his living room when current chief executive Brian Niccol first coined his “back to Starbucks” strategy.The enthusiasm from the 71-year-old Starbucks chairman emeritus is a key stamp of approval for Niccol as he tries to lift the company’s slumping sales…
