Asia-Pacific markets are expected to open lower, tracking losses on Wall Street as investors weighed weaker-than-expected economic data as well as fresh tariff comments from U.S. President Donald Trump.”We’re going to be announcing [tariffs] on semiconductors and chips, which is a separate category, because we want them made in the United States,” Trump said on Tuesday stateside, adding that he’ll announce the new plan “within the next week or so.” Source link
Author: usaeverydaylife
With Opendoor shares up almost fivefold since the beginning of July and trading volumes hitting record levels, CEO Carrie Wheeler thanked investors for their “enthusiasm” on Tuesday’s earnings call.”I want to acknowledge the great deal of interest in Opendoor lately and that we’re grateful for it,” Wheeler said, even as the stock sank more than 20% after hours. “We appreciate your enthusiasm for what we’re building, and we’re listening intently to your feedback.”Prior to its recent surge, Opendoor’s stock had been mostly abandoned, falling as low as 51 cents in late June. The situation was so dire that the company…
Soft economic reports and tariff worries dragged the S&P 500 to a losing session on Tuesday. Here’s what’s on CNBC’s radar heading into Wednesday. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDylan Taylor, Voyager Technologies chairman & CEO, joins ‘Fast Money’ to react to the company’s first earnings report since June IPO, further M&A, defense spending and more. Source link
OpenAI on Tuesday released two open-weight language models for the first time since it rolled out GPT-2 in 2019.The text-only models are called gpt-oss-120b and gpt-oss-20b, and are designed to serve as lower-cost options that developers, researchers and companies can easily run and customize, OpenAI said.An artificial intelligence model is considered open weight if its parameters, or the elements that improve its outputs and predictions during training, are publicly available. Open-weight models can offer transparency and control, but they are different from open-source models, whose full source code becomes available for people to use and modify.Several other tech companies, including…
Southeast Asians are skipping trips to the United States this year — for a variety of reasons.Singaporeans, however, are rejecting it at greater levels than others, a survey of 6,000 regional travelers showed. The survey commissioned by CNBC Travel showed 7% of Singaporeans said their interest in visiting the U.S. increased this year, while more than half (55%) said their interest had decreased. Both numbers veer sharply from the 44% of Southeast Asian respondents who said their interest in the U.S. increased this year, and the 18% who said it fell, according to the survey conducted by the market research…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailPresident Donald Trump joins ‘Squawk Box’ via phone to discuss the latest news affecting markets and the country’s economic goals.39:56Tue, Aug 5 20259:07 AM EDT Source link
(This is an actual research report from Trivector’s Adam Parker, reprinted for CNBC Pro subscribers with permission. Click here to subscribe to Trivector.) Investors with whom we are speaking appear well-aware of the potential negatives for the U.S. equity market. However, this awareness seems to be taking a back seat to FOMO (fear of missing out) on the current uptrend in the market. We share in some of that optimism as we see a path to 10% EPS growth for the S & P 500 , with a low 20x price-to-forward earnings ratio – elevated versus history but justified by…
The final trades of the day with CNBC’s Mike Santoli and the “Fast Money” traders. Source link
A Rivian R1T electric vehicle (EV) pickup truck is parked at the Rivian Venice Hub on November 13, 2024 in Venice, California. Mario Tama | Getty ImagesRivian Automotive reported a higher-than-expected quarterly loss on Tuesday as disruption in supply of rare earth metals used to make parts of its electric vehicles raised costs and income from credits sold to traditional automakers dwindled.China’s curbs on the export of heavy rare earth metals — essential components for motors — sharply increased material costs and disrupted supply chains, driving up the cost of EV production in the U.S.The company reported an adjusted loss per…
