Opening calls from sunny SingaporeGood morning from Singapore! Asia-Pacific markets are set to open mixed.Japan’s benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 39,925 while its counterpart in Osaka last traded at 39,910 against the index’s Tuesday close of 39,821.28.Futures for Hong Kong’s Hang Seng index stood at 23,863 pointing to a slightly weaker open compared to the HSI’s last close of 23,892.32.Australia’s S&P/ASX 200 was also set to start the day slightly higher with futures tied to the benchmark at 8,571, compared to its last close of 8,538.6.— Lee Ying ShanStock futures open little changedU.S. stock futures were…
Author: usaeverydaylife
When CEO Daniel Julien took the stage in New York for a pivotal investors’ relations day in June, he knew the stakes were high. Julien’s company, the French outsourcing giant Teleperformance , had lost more than 75% of its value from its 2022 high. He was tasked with convincing his audience — investors and Wall Street analysts — that they had misunderstood the business. He, and other Teleperformance executives, spent the next three and a half hours explaining that AI was integral to the future of Teleperformance, citing “AI” more than 75 times. Teleperformance operates call centers and other business…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Former New York Giants quarterback Eli Manning is no longer interested in buying a minority stake in his old team, telling CNBC Sport on Wednesday that he’s been priced out.”Basically, it’s too expensive for me,” Manning said in an interview. “A 1% stake valued at $10 billion turns into a very big number.”Manning’s comments come as team valuations skyrocket. In CNBC’s Official NFL Team Valuations published in September, the Giants were valued at $7.85 billion, ranking fourth among the league’s 32 teams.In December, the Philadelphia Eagles sold a minority stake in the team at a valuation of $8.3 billion — roughly…
The opportunities on offer in the U.K. stock market — long stereotyped as unloved, unexciting and full of “old economy” firms like mining and oil majors — are “becoming hard to ignore,” portfolio managers at Ninety One say. London firms have broadly been undervalued for more than a decade, worsened by the vote to leave the European Union in 2016 and subsequent stretch of political volatility, the investment manager outlined in a recent report. Britain’s economic outlook is mixed. Growth picked up in the first quarter , but pulled back sharply in April amid U.S. tariff turmoil . Westminster has…
Nvidia has shaken off concerns about tariffs and competition to hit a new Wall Street milestone, reinforcing that the artificial intelligence boom is still at the heart of this stock market rally. The chip giant briefly passed $4 trillion in market value on Wednesday, the first company ever to do so, and its shares are now up 21% year to date. Last year, Nvidia soared 171% and in 2023 it rose 239%. NVDA 1Y mountain Nvidia has rebounded back to being the world’s biggest company by market cap. Nvidia initially became the most valuable company in the world more than…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Julia Boorstin sits down with Greylock Partner and LinkedIn Co-Founder Reid Hoffman at Sun Valley, Idaho to talk the AI talent war, the current political landscape, his AI startup ventures and more. Source link
Traders work on the floor of the New York Stock Exchange on July 08, 2025 in New York City. Michael M. Santiago | Getty ImagesStock futures were relatively unchanged on Wednesday evening after the S&P 500 recouped some of its losses from this week’s tariff-fueled slide.S&P 500 futures traded just above the flatline, along with Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average were also flat.President Donald Trump announced late Wednesday a 50% tariff on Brazil partly in retaliation for the current trial against former Brazilian President Jair Bolsonaro for his role in an alleged attempt to…
The letters AI, which stands for “artificial intelligence,” stand at the Amazon Web Services booth at the Hannover Messe industrial trade fair in Hannover, Germany, on March 31, 2025.Julian Stratenschulte | Picture Alliance | Getty ImagesAmazon said Wednesday that its cloud division has developed hardware to cool down next-generation Nvidia graphics processing units that are used for artificial intelligence workloads.Nvidia’s GPUs, which have powered the generative AI boom, require massive amounts of energy. That means companies using the processors need additional equipment to cool them down.Amazon considered erecting data centers that could accommodate widespread liquid cooling to make the most…
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesOpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s market-dominating Google Chrome, three people familiar with the matter told Reuters.The browser is slated to launch in the coming weeks, three of the people said, and aims to use artificial intelligence to fundamentally change how consumers browse the web. It will give OpenAI more direct access to a cornerstone of Google’s success: user data.If adopted by the 400 million weekly active users of ChatGPT,…
