A Facebook data center in Prineville, Oregon.Meg Roussos | Bloomberg | Getty ImagesAmericans are deeply concerned over the prospect that advances in artificial intelligence could put swaths of the country out of work permanently, according to a new Reuters/Ipsos poll.The six-day poll, which concluded on Monday, showed 71% of respondents said they were concerned that AI will be “putting too many people out of work permanently.”The new technology burst into the national conversation in late 2022 when OpenAI’s ChatGPT chatbot launched and became the fastest-growing application of all time, with tech heavyweights like Facebook owner Meta Platforms, Google owner Alphabet and Microsoft offering their own AI products.While at present there are few signs of…
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Borough Market in London, United Kingdom, on Aug. 27, 2024.Mike Kemp | In Pictures | Getty ImagesLONDON — European stocks are expected to open lower on Wednesday as global market sentiment wavered.The U.K.’s FTSE index is seen opening 0.18% lower, Germany’s DAX 0.6% lower, France’s CAC 40 down 0.56% and Italy’s FTSE MIB 0.56% lower.Regional bourses traded higher on Tuesday as global markets reacted broadly positively to the outcome of talks between U.S. President Donald Trump, Ukrainian President Volodymyr Zelenskyy and European leaders at the White House on Monday. Defense stocks were among the worst performers in the index, however.On the data front, the U.K. inflation…
U.S. Commerce Secretary is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding.Andrew Harnik | Getty Images News | Getty ImagesU.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding to build factories in the country, two sources said.Expanding on a plan to receive an equity stake in Intel in exchange for cash grants, a White House official and a person familiar with the situation said Lutnick is exploring how the U.S. can receive equity stakes in exchange for CHIPS Act funding for companies such as Micron, Taiwan Semiconductor Manufacturing Co and Samsung. Much of the funding has not…
The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025. Kazuhiro Nogi | Afp | Getty ImagesShares of SoftBank Group plunged as much as 9.17% Wednesday, as technology stock in Asia declined, tracking losses in U.S. peers overnight.The Japanese tech-focused investment firm saw shares drop for a second consecutive session, following its announcement of a $2 billion investment in Intel. Intel shares rose 6.97% to close at $25.31 Tuesday stateside.Stock Chart IconStock chart iconSoftBank Group sharesOther Japanese tech stocks also declined, with semiconductor giant Advantest falling as much as 6.27%. Meanwhile, shares in Renesas…
Visitors visit the “the monsters Convenience Store” themed exhibition created by POP MART with IP LABUBU as the selling point, Shanghai, China, July 23, 2025. Cfoto | Future Publishing | Getty ImagesShares in Chinese toymaker Pop Mart fell Wednesday, a day after the company posted a near-400% surge in net profit, driven by booming global demand for its Labubu dolls.Pop Mart’s revenue jumped 204.4% year on year to 13.88 billion yuan ($1.93 billion), and its net profit attributable to shareholders soared 396.5% to 4.57 billion yuan for the first six months of 2025, compared with last month’s forecast of at…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyCarter Worth, Worth Charting, takes a technical look at Nvidia’s recent downturn and says it might be time to sell the chip maker.02:014 hours ago Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin and altcoins slump as tech stocks pull back. Plus, Wyoming launches the Frontier Stable Token, the first state-backed stablecoin. And, Rep. Brian Steil (R-Wisconsin) discusses the next crypto legislative priorities for Congress.13:01Tue, Aug 19 20253:16 PM EDT Source link
An aerial view of a cargo ship being loaded with shipping containers at the Port of Baltimore in Baltimore, Maryland, on August 7, 2025. Jim Watson | Afp | Getty Images Even as tariff-related ruction appears to be settling down for the summer, U.S. President Donald Trump’s administration is still reshaping global trade and industry.After the Trump administration hinted it could be open to Nvidia exporting more powerful chips to China after their revenue-sharing agreement, the semiconductor darling was reported to be developing a new chip for Beijing.And Intel’s bounty from the CHIPS Act, formalized by the previous administration under…
The ‘Fast Money’ traders talk Big Tech trending lower Tuesday and what that signals about the space. Source link
Dukai Photographer | Moment | Getty ImagesAsia-Pacific markets fell Wednesday, tracking Wall Street declines overnight, as investors parsed Japan’s trade data and awaited China’s loan prime rate decision.Japan’s exports dropped 2.6% year over year in July, notching their steepest drop in over four years. The fall was sharper than the 2.1% contraction expected by economists polled by Reuters and compared to the 0.5% drop seen in June.Japan’s Nikkei 225 declined 0.93%, while the Topix lost 0.31%.South Korea’s Kospi lost 1.52% and the small-cap Kosdaq fell 1.77%. Australia’s S&P/ASX 200 was 0.24% lower at the open.Futures for Hong Kong’s Hang Seng index stood at 24,977,…
