Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of the Siliconware Precision Industries Co. (SPIL) Tan Ke Plant in Taichung, Taiwan, on Thursday, Jan. 16, 2025. An Rong Xu | Bloomberg | Getty ImagesA day after Nvidia revealed it would incur $5.5 billion in costs related to canceled orders for the H20 chip, which the government said this week requires a license to export to China, the company said it abides by rules on where it can sell its artificial intelligence processors.”The U.S. government instructs American businesses on what they can sell and where —…
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A week ago, President Donald Trump signed an executive order targeting former Cybersecurity and Infrastructure Security Agency Chief Chris Krebs, and calling on the government to suspend the security clearances of any entities with whom he’s associated. The order specifically named SentinelOne, Krebs’ employer.On Wednesday, Krebs announced his resignation from SentinelOne, a cybersecurity company with a $5.6 billion market cap. While Krebs said the choice was his alone, his swift departure is the latest example of the effect Trump is having on the private sector when it comes to pressuring people and institutions that he personally dislikes.Krebs had served as…
Electricity demand should prove resilient even if President Donald Trump’s trade war triggers a recession, according to Morgan Stanley. “We believe power demand trends are more durable than in prior cycles, in part due to the inelasticity of data center demand,” analysts led by Andrew Percoco told clients in a Monday note. “Industrial demand could decline in the near term, but reshoring of manufacturing is a long-term tailwind.” Wall Street’s bullish outlook for power demand has been a key pillar of the investment case for many energy stocks over the past 12 months. Morgan Stanley, for example, sees electricity consumption…
‘Fast Money’ traders talk market volatility renewed following comments from Fed Chair Powell. Source link
The logo on a new Ford vehicle for sale at a Ford dealership in Thousand Oaks, California, US, on Friday, April 11, 2025. Jill Connelly | Bloomberg | Getty ImagesFord Motor may raise prices on its new vehicles if President Donald Trump’s auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters.The Dearborn, Michigan, automaker offered deep discounts across its lineup starting earlier this month through June 2. The program will continue, but pricing on new models produced in May and beyond may change, the memo said.Automotive News first reported news of the memo.”Customers will have a lot of choices, and we have plenty…
Despite the dollar’s slide to a multiyear low, Piper Sandler says it is still confident on the currency. The dollar index , which measures the greenback against a basket of major currencies, fell last week to its lowest point since April 2022 amid heightened uncertainty from President Donald Trump’s tariffs. Since the start of the month, the yen and the euro have each strengthened more than 4% relative to the dollar. .DXY 5D mountain Dollar index over the last 5 days Although the dollar is typically viewed as a safe-haven asset — meaning it usually appreciates amid heightened volatility —…
Investors have flocked to consumer staples stocks in search of safety as volatility shakes the market, but Bank of America said there are other defensive sectors worth consideration. President Donald Trump’s raft of “reciprocal” tariffs announced on April 2 have weighed on stocks, with the S & P 500 down about 7% since then. The shake-up of U.S. trade policy has also fueled concern over a looming recession . Investors have fled to consumer staples stocks in search of stability, a typical move during periods of macroeconomic uncertainty. Consider that Coca-Cola and Costco have advanced 15% and 5.6% in 2025,…
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023.Adam Jeffery | CNBCBill Ackman’s Pershing Square took a sizable stake in Hertz, the rental-car company that exited from bankruptcy four years ago, sparking a big rally. Shares of Hertz surged 56% on Wednesday after a regulatory filing revealed Pershing Square had built a 4.1% position as of the end of 2024. Pershing has significantly increased the position — to 19.8% — through shares and swaps, becoming Hertz’ second largest shareholder, a person familiar with the matter told CNBC’s Scott Wapner.Stock Chart IconStock…
Alexandr Wang, CEO of Scale AI, arrives for a meeting with international investors in IA at the Elysee Palace as part of the Artificial Intelligence (AI) Action Summit in Paris, France, Feb. 10, 2025. Gonzalo Fuentes | ReutersScale AI is working with Qatar to develop artificial intelligence tools for education, civil service, contact centers, tourism, health care and transportation in the Middle Eastern nation, according to a list viewed by CNBC.The five-year deal will include creating an AI personalized learning platform and AI teacher assistant for some schools within the country. But the details could change.Scale AI, which provides training data…
The VanEck Gold Miners ETF (GDX) is having another strong session today, continuing its impressive year-to-date move. It’s now up a whopping 52% in 2025. On the long-term monthly chart, GDX has continued to extend from this major bullish inverse head-and-shoulders pattern, which it first broke out from in March. As the chart shows, if GDX continues to hold above the breakout zone near the 44 level, the measured move target near 64 will remain in play. And if that were to happen, this would place GDX within striking distance of its all-time highs from early 2011. As is clear on…
