German Chancellor Friedrich Merz (CDU) gives a press statement at the Willard Hotel.Kay Nietfeld/dpa | Picture Alliance | Getty ImagesGermany’s new government has been in power for just over 100 days now, and business leaders say its time to turn policy promises into reality.Chancellor Friedrich Merz campaigned on a pro-business and pro-economic growth platform, vowing reforms and investment that sparked hope in the business community. Optimism was further boosted when coalition negotiations between Merz’s Christian Democratic Union, alongside its sister party the Christian Social Union, and the Social Democratic Party, triggered a major fiscal shift that is set to enable…
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The logos of Walmart and Sam’s Club are pictured in Cuautitlan Izcalli, Mexico, January 30, 2025.Raquel Cunha | ReutersWalmart will report quarterly earnings on Thursday, as economists and investors try to gauge how U.S. consumers are responding to President Donald Trump’s decision to raise tariffs on dozens of countries across the globe.Here’s what Wall Street expects for the big-box retailer, according to a survey of analysts by LSEG:Earnings per share: 74 cents expectedRevenue: $176.16 billionAs the largest U.S. retailer, Walmart offers a unique window into the financial health of American households. As higher duties have come in fits and starts…
OpenAI CFO Sarah Friar said Wednesday that even as the company hits revenue milestones, it faces ongoing pressures due to the demand for computing power required for artificial intelligence.”It is voracious right now for GPUs and for compute,” she told CNBC’s “Squawk Box” on Wednesday, adding that insufficient compute, or computing power, to meet the demand of AI is the company’s biggest challenge. “That’s why we launched Stargate. That’s why we’re doing the bigger builds.”Friar said the growing demand for computing power calls for more partners to diversify risk and increase supply, noting builds with Oracle and Coreweave, but said…
Palantir Technologies signage on an options contract ticker as traders work on the floor of American Stock Exchange at the New York Stock Exchange in New York, U.S., on Friday, June 20, 2025.Michael Nagle | Bloomberg | Getty Images If you have any U.S. technology stocks in your portfolio (and let’s face it, who doesn’t?), you might want to look away.For the second day in a row, tech stocks dragged markets lower, with the Nasdaq Composite slipping 0.67%. Juggernauts such as Apple, Amazon and Alphabet were more meh-nificent than magnificent, falling more than 1%.Palantir — the standout S&P 500 stock,…
Medical monitoring technology company Masimo sued U.S. Customs and Border Protection on Wednesday over a decision by the agency that allowed Apple to import Apple Watches with blood-oxygen reading technology during a patent dispute between the companies.Masimo said in the lawsuit in Washington, D.C., federal court that Customs improperly determined that Apple can import watches with pulse oximetry technology, reversing its own decision from last year without notifying Masimo.Masimo told the court that it learned of the agency’s August 1 decision only after Apple announced it would reintroduce blood-oxygen reading to its watches last week.Spokespeople for Apple and Customs did…
Japan’s manufacturing activity contracted for the second month in August as U.S. tariffs weighed on overseas demand, a private-sector survey showed on Thursday.The S&P Global flash Japan Manufacturing Purchasing Managers’ Index increased to 49.9 in August from July’s final 48.9, but it remained below the 50.0 threshold that separates growth from contraction for two straight months.”The recovery in manufacturing output may be hard to sustain unless we see an improvement in sales in the near-term,” said Annabel Fiddes, Economics Associate Director at S&P Global Market Intelligence, which compiled the survey.Manufacturing output showed a modest recovery, with the output index rebounding to growth from…
The ‘Fast Money’ traders discuss Target’s stock drop and CEO shake-up. Source link
President Donald Trump is pursuing an unusual strategy — courting Russian President Vladimir Putin, holding fire on Beijing, all the while turning the screws on a close ally: India. Despite India being one of the earliest nations to engage in negotiations with the Trump administration, there is still no sign of it sealing a deal with the U.S. New Delhi is now also staring at a secondary tariff of 25% or a “penalty” for its purchases of Russian oil that is set to come into effect later this month. U.S. Treasury Secretary Scott Bessent on Tuesday escalated criticism against India,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDan Ives, Wedbush, joins ‘Fast Money’ to talk the pullback in tech stocks, the state of the AI trade, how to navigate the Big Tech space in this market, and more. Source link
A branch of the technology company Microsoft can be seen in Manhattan. Sven Hoppe | Picture Alliance | Getty ImagesMicrosoft said on Wednesday it has scaled back some Chinese companies’ access to its early warning system for cybersecurity vulnerabilities following speculation that Beijing was involved in a hacking campaign against the company’s widely used SharePoint servers.The new restrictions come in the wake of last month’s sweeping hacking attempts against Microsoft SharePoint servers, at least some of which Microsoft and others have blamed on Beijing. That raised suspicions among several cybersecurity experts that there was a leak in the Microsoft Active Protections Program (MAPP), which Microsoft uses to help security vendors…
