ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s MacKenzie Sigalos reports on Amazon’s move to raise its quarterly capital spending to $31.4 billion, setting an annualized pace above $118 billion and escalating the hyperscaler race against Microsoft and Alphabet to dominate AI infrastructure. Source link
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Asia-Pacific markets start the day lowerAsia-Pacific markets started the day lower Friday.Japan’s Nikkei 225 benchmark fell 0.65%, while the broader Topix index was flat as of 8:15 a.m. Singapore time (8:15 p.m. ET Thursday).In South Korea, the Kospi index dropped 1.73%, while the small-cap Kosdaq declined by 2.1%.Over in Australia, the S&P/ASX 200 benchmark fell 0.94%.— Amala BalakrishnerJapan’s June jobless rate unchanged at 2.5%Japan’s unemployment rate was unchanged at 2.5% in June, from the previous month, government data released Friday showed. This reading was in line with forecasts of economists polled by Reuters.Meanwhile, there were 122 job openings for every 100 job seekers…
A Tesla vehicle passes the Wilkie D. Ferguson Jr. U.S. Courthouse as jury selection began in connection with allegations regarding the safety of Tesla’s autopilot system on July 14, 2025 in Miami, Florida. Joe Raedle | Getty ImagesTesla is facing a crucial verdict in a personal injury trial over a fatal Autopilot crash in 2019, the first time Elon Musk’s automaker has been in front of a jury on such a matter in federal court.Attorneys for the plaintiffs on Thursday asked the jury to award damages of around $345 million. That includes $109 million in compensatory damages and $236 million…
U.S. President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, D.C., U.S., July 31, 2025. Kent Nishimura | ReutersU.S. President Donald Trump signed an executive order Thursday that confirmed “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%. All goods that are considered to have been transshipped to avoid applicable duties will be subject to an additional 40% tariff. The modified rates will be effective with respect to goods “entered for consumption on or after 12:01 a.m. eastern daylight time 7 days after the…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching and what’s on the radar for the next session. The jobs report Don’t miss the July number and the market reaction at 8:30 a.m. ET live on ” Squawk Box ” with Becky Quick, Joe Kernen and Andrew Ross Sorkin. The expectation is for nonfarm payrolls to have grown by 100,000 and an unemployment rate of 4.2%. Big Oil Exxon…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDEK CNBC’s MacKenzie Sigalos covers Amazon’s lighter operating income forecast, investor concerns about delayed returns from massive AI and cloud investments, and the competitive pressure AWS faces from Microsoft Azure and Google Cloud. Source link
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 30, 2025. Jeenah Moon | ReutersS&P 500 futures slipped on Thursday night as traders digested the latest Big Tech earnings and awaited July’s jobs report.Futures tied to the broad market index were down 0.2%, while Nasdaq 100 futures lost 0.3%. Futures tied to the Dow Jones Industrial Average fell 63 points, or 0.1%.In extended trading, shares of Amazon tumbled more than 7% after the e-commerce giant provided light operating income guidance for the current quarter. Apple shares jumped 2% on the…
Trade tensions are rising, forcing top executives to rewrite the rulebook on how their companies operate, where they invest and what customers buy. In interviews with CNBC this earnings season, CEOs across industries — from aluminum and aerospace to chocolate, banking, telecoms, and energy — sent a clear message: tariffs are no longer just a political tactic. As trade rules grow more uncertain and tariffs resurface in policy discussions, business leaders say they’re rethinking everything from where factories are located to how products are priced. The old “just in time” model is giving way to something more cautious: make goods closer…
A fan of Japanese manga reads a comic in his home in Kamisu in Japan’s Ibaraki Prefecture.Philip Fong | Afp | Getty ImagesVisitor interest in Japan plunged in June, amid a prophecy in a manga that predicted a “disaster” would strike Japan in July 2025.The prediction was in a 2021 reprint of a Japanese comic book, or manga, titled “Watashi ga Mita Mirai, Kanzenban” (which translates to “The Future That I Saw, Complete Edition”) by artist Ryo Tatsuki.In the original printing of the book in 1999, the cover page referenced a “disaster in March 2011.”In March 2011, Japan suffered its most powerful…
Figma Inc. signage during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 31, 2025. Michael Nagle | Bloomberg | Getty ImagesYou can almost smell the bubbly wafting across Silicon Valley.Following Figma’s blockbuster market debut on Thursday, four of the most iconic names in venture capital — Index Ventures, Greylock, Kleiner Perkins and Sequoia — are collectively sitting on roughly $24 billion worth of the design software vendor’s stock.Until recently, there’s been little reason to celebrate. From late 2021, when soaring inflation and rising rates pushed investors out of…
