CBOE Global Markets’ Mandy Xu warns the stock market is underpricing tariff risks — even after Monday’s sharp sell-off. Xu contends the bond market has been more sensitive to economic uncertainty than stocks over the past few months. But now, that gap may be starting to close. “There’s scope for it [volatility] to go even higher because the way the options market is still pricing tariffs is as a stock-specific catalyst, not as a macro catalyst,” the firm’s head of derivatives market intelligence said on CNBC’s ” Fast Money .” According to Xu, the stock market is still trying to…
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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 | ReutersAlarm bells went off in 2024 when Singapore unexpectedly emerged as Nvidia’s second-largest revenue source. The disclosure fueled widespread speculation that Nvidia’s artificial intelligence chips were being channeled to China.Those concerns intensified in January after China’s DeepSeek burst onto the international AI scene due to the sophistication and reported cost-effectiveness of its model. DeepSeek’s AI is trained on Nvidia’s graphics processing units despite export restrictions designed to keep the technology out of China.Singapore…
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty Images23andMe’s special committee of independent directors on Monday rejected CEO Anne Wojcicki’s proposal to take the distressed genetic testing company private.Wojcicki submitted a proposal to the committee on Sunday, offering to acquire all of the company’s outstanding shares for 41 cents each, according to a filing with the U.S. Securities and Exchange Commission.The stock plunged 33% on Monday to close at $1.47, down more than 99% from its peak…
The Huawei booth at the Mobile World Congress in Barcelona, 2025.Arjun Kharpal | CNBCBARCELONA — Huawei is dipping its toes back into the international smartphone market, but analysts warn the lingering effects of U.S. sanctions is likely to hamper the Chinese company’s ability to compete with leaders Apple and Samsung.Over the past few months, Huawei has launched two key devices outside of China. The first in December was the Mate X6, a foldable smartphone, followed by the Mate XT, Huawei’s 3,499 euros ($3,660) trifold phone.Huawei was looking to stand out from the crowd of similar-looking smartphones at the Mobile World…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyCBOE Global Markets Mandy Xu joins ‘Fast Money’ to talk the day’s market action, volatility, and where the markets could go from here.04:4243 minutes ago Source link
The Social Security Administration office in Brownsville, Texas.Robert Daemmrich Photography Inc | Corbis Historical | Getty ImagesThe Social Security Administration plans to shed 7,000 employees as the Trump administration looks for ways to cut federal spending.The agency on Friday confirmed the figure — which will bring its total staff down to 50,000 from 57,000.Previous reports that the Social Security Administration planned for a 50% reduction to its headcount are “false,” the agency said.Nevertheless, the aim of 7,000 job cuts has prompted concerns about the agency’s ability to continue to provide services, particularly benefit payments, to tens of millions of older…
Pho may be one of Vietnam’s most iconic dishes, but for Ho Chi Minh City native Nguyen Thuc Thuy Tien, it is the humble plate of com tam that wins her heart.Pho may be one of Vietnam’s most iconic dishes, but for Ho Chi Minh City native Nguyen Thuc Thuy Tien, it is the humble plate of com tam that wins her heart.The dish translates to “broken rice,” referencing the rice grains left from the milling process during harvest. Broken rice grains were considered inferior, making them harder to sell, so farmers would feed them to their families instead of…
CoreWeave CEO Michael Intrator appears on CNBC on July 17, 2024.CNBCCoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft, is headed for the public market.In its IPO prospectus on Monday, CoreWeave said revenue in 2024 soared more than 700% to $1.92 billion. The company recorded a net loss of $863.4 million. In 2024, 62% of CoreWeave’s revenue came from Microsoft. CoreWeave filed to trade on the Nasdaq under ticker symbol “CRWV.”Originally known as Atlantic Crypto, CoreWeave got its start in 2017 by offering infrastructure for mining the ethereum cryptocurrency. After digital currency prices fell, the company…
Quarterback Tyler Bray faced a steep learning curve when he joined the Kansas City Chiefs in 2013. An undrafted free agent, he had to memorize a thick playbook, master the verbiage of a new offense and acclimate to the speed of the pros.He also had to find a “cadence” — the combination of color and number that quarterbacks bark before the snap of the ball, like Blue 42 or Red 80. Bray had run a no-huddle offense at the University of Tennessee, which meant the snap was based on a physical cue like clapping hands or a leg kick. And…
One day after Israel began halting the entry of all goods and humanitarian assistance into the Gaza Strip, Palestinians there are already feeling the effects of the sweeping measure, with prices of essential goods on the rise.“It was a complete shock,” Iman Saber, a 24-year-old nurse from northern Gaza, said of Israel’s decision on Sunday to block aid and commercial shipments.Already, said Ms. Saber, who has been living in a tent with her father, a cancer patient, and her mother and sister, prices for sugar, oil and chicken have gone up, and hopes raised by the cease-fire between Israel and…
