Nvidia secured what was seen as a major win last month when the U.S. government announced it would allow it to resume sales of its made-for-China H20 chip. But it has since become clear that Beijing wont be rolling out the red carpet. Despite the U.S. softening on chip export controls — which Beijing has long opposed — Nvidia is being welcomed back under increased distrust and scrutiny. On Tuesday, Bloomberg reported that China had urged companies against using Nvidia’s H20 chips, or those from Advanced Micro Devices , especially for government and national security use cases, citing sources familiar…
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Jose Luis Pelaez Inc | Digitalvision | Getty ImagesData suggests the U.S. economy may be in a precarious spot — and investors may be wise not to take outsized risks with their portfolios for fear of steep losses, experts said.”This is not the environment to be a hero in,” Callie Cox, chief market strategist at Ritholtz Wealth Management, wrote this month in a newsletter.In other words: Stick to your long-term investment plan, including an appropriate asset allocation and time frame to reach your goals, experts said. Avoid the temptation to funnel a big chunk of money into high-flying shiny objects…
Lip-Bu Tan, CEO of Intel, departs the White House in Washington, DC, U.S., on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Don’t mix business with pleasure — or the music of the spheres might eject you from the skies even if you are an astronomer — but it seems, in the current milieu, there are no such restrictions between business and politics.U.S. President Donald Trump’s administration is eyeing a stake in struggling chipmaker Intel, according to a Bloomberg report on Thursday. That consideration is primarily attributable to Intel’s status as the only born-and-bred American company that…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator) A scorching wholesale-inflation report for July forces a short detour on the path to the sure-thing Fed rate cut next month that markets have been fixated on in recent days. While the internal details of the PPI report were noisy and not entirely indicative of a tariff-driven inflation reacceleration, Treasury yields rebounded sharply and the sectors of the market that had been celebrating easier Fed policy since Tuesday’s mild CPI reading have disgorged gains: Russell 2000 down more than 1.5%, consumer cyclicals shedding more than…
Russia’s President Vladimir Putin shakes hands with U.S. President Donald Trump during a meeting at the G20 summit in Osaka, Japan June 28, 2019.Mikhail Klimentyev | Kremlin | Sputnik | ReutersWhen Russian President Vladimir Putin travels to meet U.S. President Donald Trump in Alaska on Friday for talks on ending the war in Ukraine, it’ll be one of the most high profile summits of the year, and there’s a lot at stake.Veteran statesman Putin is likely to be aiming to extract as many concessions and benefits for Russia as he can in return for a ceasefire that’s coveted by Trump.Close…
Il21 | Istock | Getty ImagesSpending pressures are dividing beer drinking habits, further clouding the outlook for brewers already battling declining sales volumes.Drinkers are increasingly bypassing once-loved core beer brands and instead opting for premium or economy alternatives, Danish brewer Carlsberg said Thursday, as beermakers confront wider pressures on the drinks sector.”We do see a continued bifurcation in terms of preferences,” CEO Aarup-Andersen told CNBC’s “Squawk Box Europe” on Thursday.”People look either for the premium brand or the economy brand. So what will get squeezed a little bit in an environment like this is actually the core brands in the…
Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023.Bloomberg | Bloomberg | Getty ImagesHedge fund giant Bridgewater Associates divested from U.S.-listed Chinese stocks in the second quarter, signaling a clear pullback from the market amid rising geopolitical strains and weakening investor confidence in China’s economic prospects.According to its latest quarterly update to the U.S. Securities and Exchange Commission — known as 13F — on Wednesday, the fund closed out stakes in several Chinese companies, including major names like Baidu, Alibaba, JD.com, PDD Holdings, Nio, Trip.com Group, and…
Here are your opening callsAfter three consecutive days of gains, the pan-European Stoxx 50 looks set to rise again today, with futures tied to the index last seen trading 0.6% higher.Those tied to the German DAX, France’s CAC 40 and London’s FTSE 100 are also all up by around 0.6%.Market participants will be watching news out of the highly anticipated meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin, with hopes building that a resolution on the war in Ukraine can be reached.— Chloe TaylorPandora maintains full-year outlook even as China lagsA woman stands inside a store…
President Franklin D. Roosevelt signs the Social Security Act into law on Aug. 14, 1935.FPG | Archive Photos | Getty ImagesNinety years ago, President Franklin Delano Roosevelt signed the Social Security Act, which created the program that now sends monthly benefit checks to millions of Americans, including retirees, disabled individuals and families.But by the time the program celebrates its centennial, benefits may not look the same as today’s Social Security payments.The reason: Social Security’s trust funds, which the program relies on to help pay benefits, are facing a looming shortfall.Starting in 2033 — two years before its 100th anniversary —…
US President Donald Trump (R) and Russia’s President Vladimir Putin speak during their meeting on the sidelines of the G20 Summit in Hamburg, Germany, on July 7, 2017Mikhail Klimentiev | AFP | Getty ImagesAs Russian President Vladimir Putin holds face-to-face talks with White House leader Donald Trump on Friday, Ukraine — and the world — will be watching with baited breath.The state leaders are set to begin their summit at 11:30 a.m. local time (3.30 p.m. ET) at the Elmendorf Richardson military base in Anchorage, Alaska.There will then be a working lunch for both delegations, before the presidents hold a…
