new video loaded: How the Trump-Xi Meeting Eased a Major Trade WarPresident Trump and China’s leader Xi Jinping just had a highly anticipated meeting in South Korea. David Pierson, a New York Times foreign correspondent covering China, breaks down what they accomplished and how they de-escalated a major trade war.By David Pierson, Christina Thornell and Nikolay NikolovOctober 31, 2025 Source link
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Jensen Huang, chief executive officer of Nvidia Corp., during the keynote address at the Nvidia GTC (GPU Technology Conference) in Washington, DC, US, on Tuesday, Oct. 28, 2025. Kent Nishimura | Bloomberg | Getty ImagesKorean semiconductor giant Samsung said on Thursday that it plans to buy and deploy a cluster of 50,000 Nvidia graphic processing units to improve its chip manufacturing for mobile devices and robots.The 50,000 Nvidia GPUs will be used to create a facility Samsung is calling an “AI Megafactory.” Samsung didn’t provide details about when the facility would be built.It’s the latest splashy partnership for Nvidia, whose…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s MacKenzie Sigalos reports on Amazon’s surging AI infrastructure spend, as the company raises its 2025 capex forecast to $125 billion and signals even higher investment ahead. Source link
Chinese President Xi Jinping met with U.S. President Donald Trump on Oct. 30, 2025, in South Korea ahead of the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting. Andrew Harnik | Getty Images News | Getty ImagesA day after securing a deal for rollback of U.S. tariffs, Chinese President Xi Jinping called on Asia-Pacific countries to support free trade, and maintain supply chain stability. “The more turbulent the times, the more we must work together,” Xi said in a Chinese state media readout Friday, translated by CNBC. He was speaking at the first session of the Asia Pacific-Economic Cooperation (APEC) Economic…
Photo illustration of the YouTube TV logo displayed on a smartphone, with the YouTube logo in the background.Nurphoto | Nurphoto | Getty ImagesDisney content, including channels like ABC and ESPN, was removed from Google’s YouTube TV on Thursday after the two companies failed to renew a contract. “Last week Disney used the threat of a blackout on YouTube TV as a negotiating tactic to force deal terms that would raise prices on our customers,” YouTube said in a statement on its official blog Thursday.”They’re now following through on that threat, suspending their content on YouTube TV. This decision directly harms our…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s MacKenzie Sigalos reports on AWS growth, as Amazon’s cloud business reaccelerates to 20% year-over-year, easing investor concerns and signaling renewed momentum in AI infrastructure demand. Source link
Republican U.S. President Donald Trump called on Thursday for the removal of the Senate’s filibuster rule, to bypass a Democratic roadblock during a government shutdown now in its 30th day.The filibuster is the Senate rule for agreement by 60 of its 100 members to pass most legislation. Republicans hold a 53-47 majority in the Senate and a 219-213 majority in the House of Representatives.”It is now time for the Republicans to play their “TRUMP CARD,” and go for what is called the Nuclear Option — Get rid of the Filibuster, and get rid of it, NOW,” Trump wrote on social media.There was no end in sight on…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, major cryptocurrencies trade lower after Fed Chair Jay Powell suggested the central bank may not cut interest rates again at its December meeting. Plus, JPMorgan analysts said in a note that Circle’s USDC stablecoin is outpacing Tether’s USDT in terms of on-chain activity. And, Steven McClurg, Canary Capital CEO, explains how the asset manager’s new spot crypto ETFs tied to Hedera and Litecoin are performing after launching in the U.S. this week.12:42Thu, Oct 30 20253:11 PM EDT Source link
Kelly Ortberg, Boeing CEO, joins ‘Squawk on the Street’ to discuss the company’s charge around the 777X, how much the government shutdown is impacting Boeing and much more. Source link
The meeting between U.S. President Donald Trump and Chinese Premier Xi Jinping in Busan, South Korea on Thursday yielded a raft of fresh agreements , including on rare earth minerals, fentanyl and soybeans. Investors are now keeping tabs on what the meeting — rated a “12” out of 10 by Trump — could mean for their portfolio positioning in the coming days and weeks. Chip stocks A key outcome of Thursday’s discussions will see China halt export restrictions on its rare earths and magnets for one year, with the deal set to be renegotiated on an annual basis. This offers…
