Chinese Minister of Foreign Affairs Wang Yi speaks during the 2023 Munich Security Conference in Germany on February 18, 2023.Johannes Simon | Getty Images News | Getty ImagesBEIJING — China’s Minister of Foreign Affairs Wang Yi struck a more conciliatory tone on U.S. relations during a high-profile press conference on Friday, in contrast to the ministry’s more aggressive language earlier in the week.While Wang said the U.S. should not impose “arbitrary tariffs” or return goodwill with hostility, he emphasized that the two countries would both be part of the world for a long time, requiring “peaceful coexistence.””Given the extensive common…
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The ‘Fast Money’ traders talk today’s sell-off and how trade worries and pulling on the market. Source link
A general view of the container terminal in Qianwan of Qingdao Port, a port in Shandong Province, China, March 17, 2023. CFOTO | Future Publishing | Getty ImagesChina’s exports growth slowed more than expected at the start of the year, data from the customs authority showed Friday, as higher U.S. tariffs partly offset momentum in the country’s rare bright spot.Exports in the January to February period rose 2.3% in U.S. dollar terms from a year earlier, significantly undershooting expectations of a 5% increase in a Reuters poll.That marked the slowest growth since April last year when exports increased by just 1.5%…
Jakub Porzycki | Nurphoto | Getty ImagesCryptocurrencies fell Thursday night after President Donald Trump signed an executive order creating a strategic bitcoin reserve for the United States and, separately, a “digital asset stockpile.”The price of bitcoin was last lower by 3% at $87,586.86, according to Coin Metrics. Shortly after the news broke, it fell to as low as $84,688.13.Earlier losses in other coins – specifically those that rallied at the beginning of the week after Trump said they would be included in the strategy – also eased. Ether was down 2%, trading at $2,184.08. XRP and Solana’s SOL token retreated…
When the White House finally released the text of Mr. Trump’s orders on Thursday evening, it appeared that some of the tariffs — those covered in the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and celebrated in his first term — were indeed permanently suspended. Other tariffs were merely paused.Most everyone involved was confused, which may well have been the point.As Mr. Trump hands down tariff determinations and then pulls them back for a month or so, world leaders call to plead their case, a bit like vassal states appealing to a larger power. Chief executives put in calls as…
CNBC’s Seema Mody talks report Walgreen’s made a deal with Sycamore Partners to go private. Source link
Costco on Thursday reported another sturdy — if mixed — quarter, demonstrating that its focus on keeping prices low continues to bring more shoppers to its stores at an uncertain time for the U.S. economy. Total revenue in its second quarter of fiscal year 2025 rose 9% year over year to $63.72 billion, topping Wall Street expectations of $63.13 billion, according to estimates compiled by LSEG. Earnings per share (EPS) in the 12 weeks ended Feb. 16 came in at $4.02, missing the consensus of $4.11, LSEG data showed. The reported figure includes a 13-cent hit from foreign exchange rates,…
Toru Nishikawa (right), co-founder and chief executive officer of Preferred Networks, and Daisuke Okanohara, co-founder and chief executive researcher, with a Fanuc Corp. robotic arm at their company’s headquarters in Tokyo, Japan, March 16, 2018.Bloomberg | Bloomberg | Getty ImagesPreferred Networks is a little-known name outside of Japan, but the Toyota-backed artificial intelligence unicorn has big plans to use deep learning to fix “real-world” issues — with the end goal of going global. “For the past 10 years, we have been working on using AI to solve real-world problems,” chief executive researcher, Daisuke Okanohara, told CNBC’s “Managing Asia.” The company has ventured…
Broadcom shares were rewarded Thursday evening after the chipmaker delivered the kind of quarterly beats and strong guidance needed to ease investor fears about a potential slowdown in artificial intelligence semiconductor spending. Revenue in Broadcom’s fiscal 2025 first quarter increased 25% year over year to $14.92 billion, beating the consensus forecast of $14.61 billion, according to estimates compiled by LSEG. Adjusted earnings per share increased 45% from the year-ago period to $1.60, which exceeded the $1.49 expected, LSEG data showed. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) grew 41% year over year to $10.08 billion in the quarter,…
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 as stocks sold off on Thursday, and what’s on the radar for the next session. The markets and the Trump administration Treasury Secretary Scott Bessent will be on ” Squawk Box ” in the 7 a.m. hour. CNBC anchors Becky Quick, Joe Kernen and Andrew Ross Sorkin will ask him about everything going on right now including his thoughts about…
