Niphon | Istock | Getty ImagesTencent and Baidu, two of China’s largest technology companies, revealed how they’re keeping in the global artificial intelligence race even as the U.S. tightens some curbs on key semiconductors.The business’ methods include stockpiling chips, making AI models more efficient and even using homegrown semiconductors.While the administration of U.S. President Donald Trump scrapped one controversial Biden-era chip rule, it still tightened exports of some semiconductors from companies including Nvidia and AMD in April.Big names in the sector addressed the issue during their latest earnings conference calls.Martin Lau, president of Tencent — the operator of China’s biggest…
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The rail-mounted crane transports goods at the cargo yard of the Qianwan United Container Terminal of Qingdao Port in Qingdao City, Shandong Province, China.Nurphoto | Getty ImagesBusinesses are finding a workaround to minimize the most significant hit from tariffs, using a decades-old piece of legislation known as the “first sale rule.”Within U.S. customs law, the first sale rule allows U.S. importers to use the price of the first sale in a number of transactions to calculate customs duties.For instance, a Chinese manufacturer sells a t-shirt to a Hong Kong vendor for $5. That Hong Kong vendor then sells the t-shirt…
U.S. President Donald Trump gives a speech, during the commencement ceremony at West Point Military Academy in West Point, New York, U.S., May 24, 2025. Nathan Howard | Reuters If U.S. President Donald Trump follows up on his threat of 50% tariffs on the European Union, he’d be imposing higher duties on America’s ally compared with the 30% it imposes on China currently.But on Sunday, Trump said he would delay tariffs on EU to July 9 from June 1 following a call with European Commission President Ursula von der Leyen.Indeed, when news of the tariffs first broke, analysts weren’t convinced…
A customer places a Japanese 10,000 yen banknote on a checkout counter while making a purchase at an Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022.Kiyoshi Ota | Bloomberg | Getty ImagesAsia-Pacific markets are set to trade mixed Monday, trailing losses on all three key benchmarks on Wall Street last Friday after U.S. President Donald Trump’s threats to impose tariffs on tech giant Apple as well as stiffer duties on the European Union.Japan’s benchmark Nikkei 225 was set to open slightly higher, with the futures contract in Chicago at 37,250 while its counterpart in Osaka last traded at 37,190,…
Financial losses stemming from the California wildfires earlier this year have risen to at least $3.5 billion for European insurance giants, according to CNBC’s calculations. The insured losses, mainly from reinsurance claims, are being borne by 10 large, listed firms in Europe, mainly centered in Germany, the U.K., Switzerland and France. Germany-listed Munich Re and Hannover Re , two of the largest reinsurance firms, together booked nearly $2 billion in losses . Switzerland-listed firms Swiss Re and Zurich collectively reported $830 million in hits. London-listed companies Hiscox , Lancashire Insurance , Conduit Re and Beazley reported losses of amounting to…
Around 8% of the 31.1 million reviews submitted to Tripadvisor in 2024 were fake, according to the company’s “Transparency Report 2025.”That’s more than twice the number detected in 2022, according to company reports.But that doesn’t mean the number of fake reviews on the site doubled, said Becky Foley, vice president and head of trust and safety at Tripadvisor. While submissions to the website increased, Tripadvisor’s policies on fake reviews also changed, she said, citing the company’s more aggressive stance against “incentivized reviews.” These occur when companies offer customers discounts or freebies in exchange for reviews, or provide incentives to employees…
President Donald Trump meets with European Commission President Ursula von Der Leyen at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos, Switzerland.Evan Vucci | AP PhotoPresident Donald Trump said Sunday that he agreed to an extension on the 50% tariff deadline on the European Union until July 9.”I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union,” Trump wrote on Truth Social.”I agreed to the extension — July 9, 2025 — It was…
A bill that would require the Ten Commandments to be posted in every public school classroom in Texas cleared a key legislative hurdle Sunday and is poised to go to Gov. Greg Abbott for approval.The state House of Representatives passed a version of the Ten Commandments bill in a 82-46 vote following a week of debate and delay, when Democratic lawmakers attempted to introduce amendments. Those amendments, including allowing individual school districts to opt in and for the Ten Commandments to be in different languages, were voted down by a Republican majority.Abbott’s office did not immediately comment about its passage, but the…
June is right around the corner, but there are still some great deals available if you’re looking to book your summer travel.Typically the best summer airfare prices dry up by late May and early June, but 2025 isn’t shaping up to be like most years.”At this point in the year, trying to get an affordable deal for July would [normally] be like finding a diamond in the rough,” Katy Nastro, a travel expert at Going, tells CNBC Make It. Due to a number of factors, there are still great fares out there for travelers to find.”It’s sort of a perfect storm…
Here’s our Club Mailbag email investingclubmailbag@cnbc.com — so you send your questions directly to Jim Cramer and his team of analysts. We can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. This week’s question: It seems that after DeepSeek, the Magnificent Seven, and faith in American exceptionalism, is down. China’s and Germany’s performances are up. Foreign investors have always bought up U.S. stocks — but are now getting out in droves and buying European stocks. Are the Magnificent Seven bad investments? Should a smart investor sell…
