Pictured here is construction on the One Sunac Opus high-end apartment complex in Beijing on Oct. 17, 2024.Bloomberg | Bloomberg | Getty ImagesThis report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.The big storyFalling real estate prices are the elephant in the room when it comes to China’s economy.From June 2023 to June 2025,…
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FILE PHOTO: FBI Director James Comey (L) and CIA Director John Brennan (R) take their seats flanking National Intelligence Director James Clapper during a Senate Intelligence Committee hearing in Washington, USA on February 9, 2016. Samuel Corum | Anadolu | Getty ImagesThe Trump administration has put two repeated targets of President Donald Trump under criminal investigation, although details of what exactly they are being investigated for or how far the Justice Department intends on taking the probes are unclear.The two targets are former CIA Director John Brennan and former FBI Director James Comey, whom Trump fired in his first term,…
President Donald Trump signed his “big beautiful” spending bill into law on July 4.One provision is an increase to the maximum child tax credit, raising it from $2,000 per eligible child to $2,200 beginning in 2026. The 2017 Tax Cuts and Jobs Act temporarily increased the credit from $1,000 to $2,000, but was set to expire after 2025 without action from Congress.The child tax credit is a partially refundable tax credit available to taxpayers with children or dependents under age 17 who meet certain eligibility requirements, including having a Social Security number and living with the taxpayer for at least half of…
Aerial photo taken on April 3, 2025 shows a view of a port in Rio de Janeiro, Brazil. Wang Tiancong | Xinhua News Agency | Getty Images Just this morning Singapore time, U.S. President Donald Trump said that the 50% tariff on copper imports, which he announced earlier on Tuesday, will begin on Aug. 1.On Wednesday, Trump posted a fresh slate of tariff letters on goods from at least seven more countries, including Mexico, the no. 1 importer of goods to the U.S., Philippines, Brunei and Sri Lanka. But the president took a few steps further with Brazil by threatening a…
CNBC’s Jim Cramer on Wednesday reflected on the significance of one of his long-time favorite stocks, Nvidia, just after the artificial intelligence powerhouse became the first company to amass $4 trillion in market cap during trading.”The fact is, neither Microsoft nor Apple can claim that they’re currently creating a new industrial revolution, like Nvidia can,” he said. “In fairness, they did create the last industrial revolution, the rise of the personal computer, although that was a long time ago.”Nvidia topped $4 trillion for the first time during the day’s session, but it closed up 1.8% to settle at a market…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyRob Wertheimer, Melius Research, joins ‘Fast Money’ to talk his bull case for Caterpillar and why it may be a sleeper AI play.05:274 hours ago Source link
This photo taken on Nov. 24, 2022 shows the building of Bank of Korea BOK in Seoul, South Korea. South Korea’s central bank on Thursday raised its policy rate to curb inflation, delivering six back-to-back rate hikes for the first time. (Photo by Wang Yiliang/Xinhua via Getty Images)Wang Yiliang | Xinhua News Agency | Getty ImagesSouth Korea’s central bank held its policy rate at 2.5%, keeping it steady at an almost three-year low.South Korea’s economy contracted by 0.2% quarter on quarter in the first three months of this year due to weak construction activity and softening export growth, while it…
Transportation Secretary Sean Duffy speaks alongside FAA Acting Administrator Chris Rocheleau during a news conference at the Department of Transportation Headquarters on May 28, 2025 in Washington, DC. Anna Moneymaker | Getty ImagesU.S. President Donald Trump said on Wednesday that he was directing Transportation Secretary Sean Duffy to be the interim administrator of NASA.This is breaking news. Please refresh for updates. Source link
Copper wires at a recycling facility in Salt Lake City, Utah, US, on Thursday, May 8, 2025. Niki Chan Wylie | Bloomberg | Getty ImagesU.S. President Donald Trump said that the 50% tariff on copper imports, which he announced earlier on Tuesday, will begin on Aug. 1.The decision was made after he received a national security assessment, Trump said in a post on Truth Social.”I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT,” Trump wrote. “Copper is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Centers, Lithium-ion Batteries, Radar Systems, Missile…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching and what’s on the radar for the next session. The Nasdaq Composite The tech-heavy Nasdaq Composite hit a fresh all-time high during the session and posted a record close Wednesday. The Nasdaq is up 20% in three months. The Nasdaq 100 hit a new intraday high Wednesday. It is up 19.4% in three months. If you’re in the Invesco QQQ ETF…
