Chinese telecoms giant Huawei showed off its Ascend chips and system for powering artificial intelligence models at the World AI Conference in Shanghai on July 26, 2025.CNBC | Evelyn ChengBEIJING — Less than two weeks after Nvidia CEO Jensen Huang’s high-profile visit to Beijing, the U.S. chipmaker was conspicuous by its absence at China’s biggest AI event of the year.Despite renewed hopes this month of selling its less advanced H20 chips to China again, Nvidia didn’t have a booth at the World AI Conference that opened Saturday in Shanghai. The company declined CNBC’s request for comment.In contrast, Nvidia’s China rival,…
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Customers line up in front of the Laopu Gold Store in Shanghai, China, February 27, 2025.Cfoto | Future Publishing | Getty ImagesShares of Laopu Gold fell to their lowest levels since May 20 after the Chinese jewelry upstart forecasted its net profit for the first half of 2025 would increase between 279% and 288% year over year, or between RMB 2.23 billion and RMB 2.28 billion ($311.11 million to $318.08 million).The stock, which is up 203.07% for the year to date, rose nearly 4% in early trade, but pared back gains as investors locked in their profits.While shares of Laopu Gold are on…
China’s artificial intelligence companies have announced two new industry alliances with the aim of developing a domestic ecosystem. Vertigo3d | E+ | Getty ImagesChina’s artificial intelligence companies have announced two new industry alliances, aiming to develop a domestic ecosystem to reduce dependence on foreign tech as they seek to cope with U.S. export restrictions on advanced Nvidia chipsets.The announcements were timed to coincide with the three-day World Artificial Intelligence Conference in Shanghai ending on Monday.The conference also showcased a slew of new products, such as an AI computing system from Huawei that experts believe rivals Nvidia’s most advanced offering, as well as consumer-friendly products such as several kinds of digital AI glasses.The “Model-Chip Ecosystem Innovation…
Alibaba announced plans to release a pair of smart glasses powered by its AI models. The Quark AI Glasses are Alibaba’s first foray into the smart glasses product category.AlibabaAlibaba on Monday unveiled a pair of smart glasses powered by its artificial intelligence models, marking the Chinese firm’s first foray into the product category.The e-commerce giant said the Quark AI Glasses will be launched in China by the end of 2025 with hardware powered by the firm’s Qwen large language model and its advanced AI assistant called Quark.The Hangzhou, headquartered company is one of the leaders in China’s AI space, aggressively…
Traders work on the floor at the New York Stock Exchange in New York City, U.S., July 21, 2025. Brendan McDermid | Reuters Choose a front-row seat and grab your popcorn. These five days will basically be the Olympics for market watchers:Meta Platforms, Microsoft, Amazon and Apple are reporting earnings.The U.S. Federal Reserve’s rate-setting committee is meeting.The personal consumption expenditures price index, the Fed’s preferred inflation reading, comes out.U.S. jobs data for July will be released.And looming over all those financial and macroeconomic events is U.S. President Donald Trump’s August 1 deadline for his new tariffs.As Kim Forrest, founder at…
US President Donald Trump (R) and European Commission President Ursula von der Leyen (L) speak to the press after agreeing on a trade deal between the two economies following their meeting, in Turnberry south west Scotland on July 27, 2025.Brendan Smialowski | Afp | Getty ImagesAfter an initial sigh of relief at the U.S. and European Union avoiding further escalation by striking a trade agreement, concerns have grown that the framework deal is “unbalanced” and leaves Europe on the backfoot.The two trading partners on Sunday announced an agreement that includes a 15% tariff rate on most EU goods to the…
Tesla vehicles are lined up at a vehicle storage yard at an industrial port, on the day U.S. President Donald Trump struck a trade deal with Japan that lowers tariffs on auto imports, in Yokohama, near Tokyo, Japan, July 23, 2025. Kim Kyung-hoon | ReutersJapanese automakers may have sidestepped crushing U.S. tariffs, but the reprieve is offering little comfort as Chinese automakers erode their long-held global edge, complicated by persistent structural challenges at home.On July 22, U.S. President Donald Trump announced that auto tariffs on Japan-made vehicle imports to the U.S. were lowered to 15% from the current 25%.However, the…
Heineken beats profit expectationsHeineken posted a beat on first-half operating profit, coming in at just over 1.4 billion euros ($1.6 billion).The brewer is backing its guidance for the year, saying it expects organic profit to grow between 4-8%.— David MartinFri, Jul 25 20251:45 AM EDTOpening callsGood morning from London.There’s just under an hour and a half to go until stocks begin trading for the first time since the U.S. and European Union agreed to a trade deal.Futures tied to the Stoxx Europe 600 index point to a strong start with the index expected to open 0.8% higher.Regionally, the German DAX…
Madrid welcomes 10 million visitors every year, but only a privileged few get to experience the level of luxury often hidden behind closed doors, until now. In this episode of ‘First Class’, CNBC opens doors to hotels designed for royalty, how the uber-wealthy eat and shop, and we meet the people behind Madrid’s A-list experiences.Located in the centre of Spain, capital Madrid welcomes more than 10 million visitors every year, but only a privileged few get to experience the level of luxury often hidden behind closed doors, until now! In this edition of ‘First Class’, CNBC shares an itinerary fit…
When is a beat and raise not a beat and raise? That’s a question that has frustrated us this earnings season. Case in point: How about Honeywell ‘s beat and raise last week? Here’s a conglomerate splitting into three different companies, which also has a quantum computing business that’s probably more advanced than any of the publicly traded quantum entities. Honeywell has an amazing aerospace business that handles the cockpit for most commercial airlines and a host of other accoutrements, including propulsion. It will very much participate in the aerospace boom and is only being held back by how many…
