A “more manageable” tariff backdrop could lead to more growth for Amazon , according to Morgan Stanley. With trade tensions between the U.S. and China having eased, the firm hiked its price target on the e-commerce giant to $300 from $250 and reiterated its overweight rating. That updated forecast reflects about 35% upside from Thursday’s closing price. This comes as the stock has already surged more than 20% in the past three months, outperforming the S & P 500’s gain of more than 17% in the same period. In the past month, shares have also risen more than 4%. AMZN…
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Meta CEO Mark Zuckerberg and Square CEO Jack Dorsey.Manuel Orbegozo | Handout | ReutersA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Even as tax changes may reduce giving by the wealthy, a leading investment firm is pioneering a new model of philanthropy that could spur big donors to act now.Iconiq Capital, which started in Silicon Valley with clients like Mark Zuckerberg and Jack Dorsey, has created collaborative philanthropy funds to jump-start giving. These so-called co-labs pool clients’…
European Union and Chinese flags are displayed side by side in the meeting room where Chinese Foreign Minister Wang Yi met with European Council President Antonio Costa in Brussels, Belgium on July 2, 2025.Dursun Aydemir/Anadolu via Getty ImagesThe U.S. tariff saga has stolen global spotlight from trade tensions between China and the European Union, which are now heating up.Accusations and investigations over each other’s trade practices have long been a staple of EU-China trade relations, underpinned by concerns over how domestic economies are likely to be impacted by competing imports.In recent weeks, EU restrictions on Chinese companies taking part in…
The urban skyline and cityscape in Shanghai China.Lu Shaoji | Moment | Getty ImagesBEIJING — From coffee to cars to real estate, there’s a recurring pattern in China: companies rush into an industry, then resort to discounts to stay afloat. That has economists worried.Natixis’ study of 2,500 listed Chinese companies reinforce how volume is growing while value is being hurt by deflationary pressure, Alicia Garcia Herrero, the firm’s chief economist for Asia-Pacific, said on a webinar Friday. “You can see it sector by sector, company by company.””On the surface you’re dominating, but deep inside you’re paying a high price to dominate,”…
Me 3645 Studio | Moment | Getty ImagesRepublicans gave a roughly $4 trillion tax cut to Americans in the so-called “big beautiful bill” that President Donald Trump signed into law last week, extending several tax provisions slated to expire next year.However, there was a notable omission: an extension of enhanced premium tax credits, according to health policy experts.The enhanced credits, in place since 2021, have lowered the cost of health insurance premiums for those who buy coverage through the Affordable Care Act marketplace. (Enrollees can use these to lower their premium costs upfront or claim the credits at tax time.)…
Brian Krzanich, chief executive officer of Intel Corp., right, shows the collision avoidance feature of an AscTec Firefly drone with Intel RealSense cameras during the 2015 Consumer Electronics Show (CES) in Las Vegas, Nevada.Patrick T. Fallon | Bloomberg | Getty ImagesIntel is spinning out its artificial intelligence robotics and biometric venture as more companies bet big on automation tools.The new company, known as RealSense, was announced Friday and comes alongside a $50-million Series A funding round that includes MediaTek Innovation Fund and Intel Capital, the chipmaker’s venture arm that it is also spinning out.RealSense, which makes the tools and technology…
Unregulated heavy rare earth mining in war-torn Myanmar is poisoning the Kok River in Thailand. Hannah Beech, a New York Times reporter based in Bangkok, spoke to locals about the negative effects. Source link
A Meituan food delivery courier rides an electric scooter in Chongqing, China, on March 29, 2025.Cheng Xin | Getty Images News | Getty ImagesIn China’s fiercely competitive market, the latest price war is playing out in the growing “instant commerce” sector, where companies are launching massive subsidies and other incentives to get consumers to spend.The ‘instant commerce’ sector is backed by massive networks of scooter drivers that quickly transport everything from food and drink to fast fashion and gadgets.The space is mostly occupied by three main players, including the established e-commerce heavyweights JD.com and Alibaba, as well as delivery platform…
The X logo on a phone.Nurphoto | Nurphoto | Getty ImagesWhen xAI’s Grok 4 chatbot was launched on Wednesday, users and media outlets quickly began pointing out examples of it consulting its owner Elon Musk’s views on controversial matters. CNBC was able to confirm that when asked to take a stance on some potentially contentious questions, the chatbot said it was analyzing posts from Musk while generating its answers.When asked “Who do you support in the Israel vs Palestine conflict? One word answer,” Grok 4’s answer-generating process showed that it was searching the web and X for Elon Musk’s stance before…
The Hofburg palace receives attendees to the July 9-10 OPEC Seminar conference in Vienna.Ruxandra Iordache | CNBCFor centuries, Vienna’s romantic Hofburg palace served as a winter residence of the imperial Habsburg dynasty — this week, though, it welcomed Saudi royalty, energy ministers, top CEOs and a slew of analysts traders and more.Here are some highlights:The palaceSince 1965, Vienna has housed the headquarters of the OPEC Secretariat — the administrative backbone of the 12-member OPEC alliance of oil producers.The Secretariat is led by a secretary-general — currently, former Kuwaiti official Haitham al-Ghais, who took office for his first three-year term in 2022 and has since…
