The S&P 500’s record close comes despite the Trump administration’s beef with the Federal Reserve and its use of tariffs as a bargaining tool. Source link
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European stock exchanges are weighing up the feasibility and demand for 24-hour or out-of-hours trading as retail activity continues to significantly lag that in the U.S. Alex Dalley, head of European cash equities at Cboe Europe — the largest European stock exchange operator — told CNBC they were “closely monitoring” the growing appetite stateside for extended trading hours while “global retail investors look to develop and scale their engagement in the European cash equity markets.” Cboe Global Markets in February announced plans to offer 24-hour trading for U.S. equities five days a week on its Cboe EDGX Equities Exchange. To…
PT Pertamina oil refinery plant at the port city of Balikpapan in East Kalimantan, Borneo, Indonesia.Bloomberg | Bloomberg | Getty ImagesIndonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by Reuters.The contract is part of last week’s trade pact between Indonesia and the United States that led to a reduction in the threatened U.S. proposed tariff rate to 19% from 32%.Airlangga Hartarto, Indonesia’s economic affairs minister and the chief negotiator of the deal, disclosed the modular refinery plan during a closed-door briefing to Indonesian…
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A Wallbox EV charger for electric car is displayed during the “Mondial de l’Auto” at Parc des Expositions on October 15, 2024 in Paris, France.Chesnot | Getty Images News | Getty ImagesThe race to revolutionize the science of electric vehicles (EVs) is heating up.Often touted as the “holy grail” of sustainable driving, solid-state batteries have long been stuck between theory and the promise of commercialization in the next five to 10 years. A recent flurry of announcements from major automakers and incumbent cell producers appears to have renewed optimism.Solid-state batteries are thought to offer significantly higher energy density than conventional…
New GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC in Richmond, California, on July 2, 2024.Justin Sullivan | Getty ImagesGeneral Motors is set to report second-quarter earnings before the bell Tuesday, as investors watch for how President Donald Trump’s auto tariffs will affect the automaker’s results and for any updates to full-year guidance.While automakers have been hoping for relief on tariffs, Trump’s 25% levies on imported vehicles and many auto parts remain in effect.Amid the uncertainty, GM is trying to counter tariff risks. Last month, the company announced it will invest $4 billion in several American plants,…
OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025.Justin Sullivan | Getty Images News | Getty ImagesBritain and ChatGPT maker OpenAI have signed a new strategic partnership to expand AI security research collaboration and explore investing in UK AI infrastructure, such as data centers, the government said on Monday.”AI will be fundamental in driving the change we need to see across the country – whether that’s in fixing the NHS (National Health Service), breaking down barriers to opportunity or driving economic growth,” technology minister Peter Kyle said in a statement.”This can’t be achieved without companies…
SoftBank shares surge over 5.7%Shares of SoftBank Group surged as much as 5.74% Tuesday, extending its gains for the third straight session.Stock Chart IconStock chart iconSoftBank Group sharesThe Japanese investment firm is reportedly set to build a small data center by the end of the year, alongside and ChatGPT creator OpenAI, the Wall Street Journal reported, citing sources familiar with the matter.The data center is likely to be built in Ohio, the report added.The three companies are leading a $500 billion partnership, dubbed “Stargate” to bolster U.S. artificial intelligence infrastructure.The companies, however, had not found common ground over crucial terms of the partnership,…
U.S. Treasury Secretary Scott Bessent sits to testify before a House Ways and Means Committee hearing on Capitol Hill in Washington, D.C., U.S., June 11, 2025. Elizabeth Frantz | Reuters With the job market currently being rough for many — in no small part because of artificial intelligence — it may be tempting to enroll in graduate school in the hopes of securing a better job eventually.Don’t do it. That is, if you have dreams of working at America’s central bank.U.S. Secretary of Treasury Scott Bessent on Monday questioned the Federal Reserve’s decision not to lower interest rates this year…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, crypto prices are mixed to kick off the week after President Trump signed the GENIUS Act stablecoin regulation bill into law late Friday afternoon. And, the latest crypto treasury company, the Ether Machine, will begin trading on the Nasdaq through a merger with blank check company Dynamix Corporation. Plus, Blockchain Association CEO Summer Mersinger breaks down what will change for the crypto industry now that stablecoins are regulated in the United States.10:51Mon, Jul 21 20253:41 PM EDT Source link
