The euro has tumbled more than 2% against the U.S. dollar since the European Union struck a framework trade deal with the White House over the weekend, raising questions over whether its massive rally this year against the greenback has run its course. However, market watchers told CNBC that while the euro may have further to weaken in the short term — particularly as the Federal Reserve remains cautious on reducing interest rates — several factors could restore its upward momentum, particularly heading into 2026. Jane Foley, head of foreign exchange strategy at Rabobank, said a lot of good news…
Author: usaeverydaylife
China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications.Avishek Das | Lightrocket | Getty ImagesWhile Nvidia has been given assurances by Washington that it will be allowed to resume exports of its made-for-China H20 general processing units, the AI chips may be met with increased scrutiny from Beijing.According to the Cyberspace Administration of China, Nvidia met with Beijing officials on Thursday regarding potential national security concerns posed by its H20 chips, which recently saw restrictions on their export lifted following an effective ban in April. Nvidia was requested “to clarify and submit relevant supporting…
The brand logo of the mineral oil and natural gas company Shell plc can be seen at a filling station of the company in Nuremberg (Bavaria) on July 25, 2025.Picture Alliance | Picture Alliance | Getty ImagesBritain’s Shell on Thursday reported better-than-expected second-quarter profit, amid a drop in global oil and gas prices.The energy giant posted adjusted earnings of $4.26 billion for the three months through June, beating analyst expectations of $3.87 billion, according to an LSEG-compiled consensus.A separate, company-provided analyst forecast had expected Shell’s second-quarter profit to come in at $3.74 billion.Shell reported adjusted earnings of $6.29 billion over…
Some libraries aren’t just places to borrow books — they’re destinations with deep history and architecture that tell stories beyond the pages.The 1000 Libraries Awards 2025 highlights some of the most beautiful libraries and bookstores globally, according to 200,000 online voters.The organization, 1000 Libraries, began as a blog and has since grown into a global community of book lovers who share travel tips and destination guides, said founder Vincent Phan.”Our purpose is essentially to promote libraries and bookstores from all around the world and make sure that they are still relevant in our age of internet and digital technology,” Phan…
Adie Bush | Connect Images | Getty ImagesShares of Hanwha Ocean surged as much as 16.06% on Thursday to their highest levels since July 2015, following U.S. President Donald Trump’s announcement of a blanket 15% tariff on Seoul’s exports to the U.S.According to Reuters, Kim Dong-kwan, the vice chairman of the Hanwha Group, was part of a delegation of business leaders in Washington lobbying for a trade deal, which included Hyundai Motor Group Chairman Euisun Chung and Samsung Electronics Chairman Jay Y. Lee.Hanwha Group is expected to expand or upgrade facilities at its Philly Shipyard in Philadelphia, which it acquired…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin and ether are in the green ahead of the Fed’s decision to keep rates unchanged. Plus, JPMorgan partners with Coinbase to let Chase customers link their bank accounts to their crypto wallets. And Crypto World looks back on 10 years of Ethereum and what’s next for the network.10:30Wed, Jul 30 20254:11 PM EDT Source link
U.S. President Donald Trump calls on a reporter during a meeting with Philippine President Ferdinand Marcos Jr. in the Oval Office at the White House on July 22, 2025, in Washington, D.C.Chip Somodevilla | Getty Images News | Getty ImagesCome Friday, the world will have to contend with higher tariff rates from the Trump administration, raising the specter of even more economic uncertainty.For most countries, that can of worms has been kicked twice down the road, from “Liberation Day” on April 2, to July 9, and now to Aug. 1.Back in April, Trump had claimed to have done “over 200…
High Noon vodka seltzer and Celsius energy drinks.Kevin Carter | David Paul Morris | Bloomberg | Getty ImagesHigh Noon has issued a recall of one of its popular vodka seltzer drinks, saying some packages may contain Celsius energy drink cans filled with the alcoholic beverage.The cans, labeled as Celsius Astro Vibe Sparkling Blue Razz Edition, were found in certain shipments of High Noon’s Beach Variety 12-packs.The error could cause people to unknowingly consume alcohol, which poses health and safety risks, especially for children or those who avoid it for medical or religious reasons. There have been no illnesses or injuries…
US President Donald Trump shakes hands with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images In the frenzied run-up to Friday, August 1— the day when U.S. President Donald Trump’s new tariffs come into effect (no more delays!) — America’s major trading partners such as Japan, the European Union and now, South Korea, have come to an agreement with the country. All of them will be subject to 15% tariffs on U.S. imports of their goods.But India? Not only has there not…
Containers reflected in a puddle following a rainfall, at the Yantian port in Shenzhen, Guangdong province, China May 9, 2025. Tingshu Wang | ReutersBEIJING — China’s official gauge for manufacturing activity on Thursday pointed to a worse-than-expected contraction in July amid slower economic growth and ongoing U.S. trade tensions.The Manufacturing Purchasing Managers’ Index for July was 49.3, missing expectations for 49.7 according to a Reuters poll.China’s official manufacturing PMI has been below the 50 mark, reflecting contraction rather than expansion, since April.U.S.-China tensions escalated in April with each side imposing tariffs of more than 100% on imports of goods from…
