View across the Hangang River in Seoul, South Korea.Universal History Archive | Universal Images Group | Getty ImagesSouth Korea avoided a technical recession as its economy expanded 0.6% from the previous quarter, according to advance estimates, beating expectations.This was higher than the 0.5% expected by economists polled by Reuters, and a reversal from the 0.2% contraction seen in the first quarter.On a year-over-year basis, the country’s GDP rose 0.5%, up from 0% in the first quarter and a 0.4% expansion expected by economists in a Reuters poll.Exports of both goods and services grew strongly in the second quarter, rising 4.2%…
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A glimpse into the Harvard University campus on May 24, 2025 in Cambridge, Massachusetts. Vcg | Visual China Group | Getty ImagesThe Trump administration continued building its multi-pronged case against American universities Wednesday, with the announcement of new investigations by the departments of state and education.The new probes are the latest in a months-long effort across the federal government to pressure elite colleges and universities to hew more closely to the administration’s political priorities.The State Department announced Wednesday that it has opened an investigation into whether Harvard University is eligible to participate in its Exchange Visitor Program, a broad visa…
The SK Hynix Inc. logo is displayed on a glass door at the company’s office in Seoul, South Korea, on Monday, Jan. 27, 2014. SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of next year.SeongJoon Cho | Bloomberg | Getty ImagesSouth Korea’s SK Hynix on Thursday posted record operating profit and revenue in the second quarter on sustained demand for its high bandwidth memory technology used in generative AI chipsets. Here are SK Hynix’s second-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Contessa Brewer and Robert Goldstein, Las Vegas Sands CEO, join ‘Fast Money’ to talk quarterly results, global investments, strategy changes and more. Source link
U.S. President Donald Trump walks before signing the “Genius Act”, which will develop regulatory framework for stablecoin cryptocurrencies and expand oversight of the industry, at the White House in Washington, D.C., U.S., July 18, 2025. Nathan Howard | ReutersPresident Donald Trump was told in May by Attorney General Pam Bondi that his name appeared multiple times in Department of Justice documents about sex offender Jeffrey Epstein, The Wall Street Journal reported Wednesday.Trump’s meeting with Bondi and her deputy Todd Blanche at the White House occurred weeks before the DOJ, which Bondi leads, said on July 7 that it would not…
[The stream is slated to start at 5 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump is set to deliver remarks on artificial intelligence and sign AI-related executive orders as he rolls out his administration’s “action plan” to give the U.S. a competitive advantage with the nascent technology.White House officials said earlier Wednesday that the plan includes requiring AI developers to ensure their chatbots are “free of ideological bias” in order to be eligible for federal contracts.”We believe that AI systems should be free of ideological bias and not…
In 2019, just after her 30th birthday, Aleese Lightyear left a career in reality TV production behind to teach English as a second language in China.At the time, Lightyear was earning around $100,000 a year, working eight months out of the year.”I was living check to check, which sucked. My last few years living and working in New York City were some of the most stressful years of my life,” Lightyear tells CNBC Make It. “I was tired of working 70 hours a week for ten years. Being in my 20s, I felt like a 50-year-old woman.”It was a quick…
GE Vernova shares rallied more than 15% to a new all-time high Thursday after the power equipment maker reported strong results and raised guidance — “maybe the best story in the entire market,” Jim Cramer said . Revenue for the three months ended June 30 increased 11% year over year to $9.11 billion, topping expectations of $8.8 billion, according to LSEG. Organically, revenue increased 12%, beating the 10.6% Street estimate, according to FactSet Orders increased 4% organically to $12.4 billion, driven by strong demand for power and electrification solutions. Analysts often focus on orders to gauge demand, versus sales, which could…
Check out the companies making headlines after the bell : T-Mobile — Shares of the mobile telecommunication company jumped more than 4% after its second-quarter earnings topped Wall Street’s estimates. T-Mobile reported earnings $2.84 per share on $21.13 billion in revenue, above the $2.67 per share and $21.02 billion in revenue that analysts surveyed by LSEG had penciled in. Las Vegas Sands — The casino operator’s stock advanced nearly 5% on the heels of better-than-expected results for the second quarter. Las Vegas Sands reported adjusted earnings of 79 cents per share, beating out the consensus estimate of 53 cents per…
From left, Sen. Susan Collins, R-Maine, and Sen. Lisa Murkowski, R-Alaska, talk as they arrive for a vote in the U.S. Capitol on Wednesday, April 30, 2025. Bill Clark | Cq-roll Call, Inc. | Getty ImagesRepublican Sens. Susan Collins and Lisa Murkowski are joining Democrats to back a new bill that would exempt millions of U.S. small businesses from President Donald Trump’s tariffs on Canadian goods.The two-page bill, titled the “Creating Access to Necessary American-Canadian Duty Adjustments Act” — which shortens to the CANADA Act — comes as Trump threatens to slap a blanket 35% tariff on Canadian imports starting…
