ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, cryptocurrencies initially tumble after Trump’s tariffs on Mexico, Canada and China take effect. Plus, tech executives cast doubt on Trump’s proposal to include altcoins in a U.S. strategic crypto reserve. And, Jonathan Jachym of Kraken discusses the SEC’s potential dismissal of a lawsuit against the crypto exchange.12:27Tue, Mar 4 20253:01 PM EST Source link
Author: usaeverydaylife
An Adidas flagship store at Nanjing Road Pedestrian Street in Shanghai, China.Cfoto | Future Publishing | Getty ImagesAdidas on Wednesday reported an uptick in fourth-quarter sales that exceeded expectations, as the retailer shakes off weakness in North America and China.The German sportswear giant recorded a 19% increase revenues at neutral currency rates to 5.97 billion euros ($6.34 billion) in the three-month period, ahead of the 5.72 billion euros forecast by LSEG analysts.Operating profit came in at 57 million euros in the fourth quarter compared to a loss of 377 million euros in the same period of last year.Full year sales…
Apple webpage with iPhone 16e ad is screened on a mobile phone for illustration photo. Beata Zawrzel | Nurphoto | Getty ImagesQualcomm CEO Cristiano Amon told CNBC its latest modem will create a big distance in performance versus Apple, which has made its first foray into the technology.Modems are a key component of smartphones that connect the device to the mobile network. Qualcomm is one of the biggest modem suppliers in the world and for years has been the go-to company for Apple’s iPhones.But in 2019, Apple bought Intel’s modem business with the view of designing its own modem in-house, much…
Five weeks ago, Russia’s foreign minister, Sergey V. Lavrov, delivered a routine speech blasting the “hegemonic, egoistic” United States at the helm of the “collective West.” The worldview of the 74-year-old veteran diplomat has since undergone some head-spinning changes.In an interview on Russian state television on Sunday, Mr. Lavrov listed the ills that Europe — not America — had brought upon the world. The United States, in his telling, had gone from evil mastermind to innocent bystander.“Colonization, wars, crusaders, the Crimean War, Napoleon, World War I, Hitler,” Mr. Lavrov said. “If we look at history in retrospect, the Americans did…
K-pop music albums and related merchandise on display in a retail store in Seoul.Anthony Wallace | Afp | Getty ImagesSouth Korea’s economy has been slowing, with growth hitting a multi-quarter low. Its currency has been under pressure, and the country is in political turmoil. Trump tariff threats have not made things easier.But there is one sector that has offered hope to investors this year. One of South Korea’s largest cultural exports: K-pop.Shares of the four major K-pop companies have gained between 20% and 33% so far this year, outperforming the Kospi’s 5.39% gain and the Kosdaq’s 8.8% rise, as of…
US President Donald Trump speaks during an address to a joint session of Congress at the US Capitol in Washington, DC, on March 4, 2025. Mandel Ngan | Via ReutersPresident Donald Trump on Tuesday touted the U.S. asset management firm BlackRock’s deal to buy two Panama Canal ports as a positive step in his broader effort at “reclaiming” the canal for the United States.In a joint address to Congress, Trump said his administration has “already started” working to gain control of the canal that connects the Caribbean Sea to the Pacific Oceans. “Just today, a large American company announced they are…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailStreet Signs AsiaIan Moore, Chief Commercial Officer of Vista Global, sees business growth potential in Asia Pacific, “especially in Southeast Asia”.02:2241 minutes ago Source link
The Xiaomi booth at the Mobile World Congress 2025 in Barcelona, Spain.Arjun Kharpal | CNBCBARCELONA — U.S. President Donald Trump’s continued clashes with China over tech and trade looms heavy over Chinese smartphone vendors who have grown globally in the past few years, creating uncertainty over whether some of these companies may be targeted by Washington, similarly to Huawei.At the Mobile World Congress (MWC) in Barcelona, Chinese electronics players from Xiaomi to Honor and Oppo were out in force, showing off their latest devices. Xiaomi even had its latest electric vehicle — the SU7 Ultra – on show as it…
Electric grid is seen in Krakow Poland as Polish government lifts cup in electricity prices what is expected to rise inflation once more – January 18,2025. Poland has one of the highest inflations in Europe. (Photo by Dominika Zarzycka/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesThe boom in artificial intelligence, a pressing need for more data centers and the energy transition story — particularly in transportation — are all spurring demand for electricity, and the existing power infrastructure is struggling to keep up.Businesses are facing five to eight-year wait times to connect to Europe’s ageing and strained electricity grids,…
President-elect Donald Trump walks onto the floor of the New York Stock Exchange (NYSE) with his wife Melania, after being named TIME’s “Person of the Year” for the second time on December 12, 2024 in New York City. Spencer Platt | Getty ImagesThe S&P 500 has now lost all of its post-election gains as President Donald Trump dismayed some investors who hoped he was just bluffing on tariffs and instead ignited a trade war.The index closed at 5,778.15 in Tuesday’s market sell-off, below the 5,782.76 close on Election Day, Nov. 5. Investors originally embraced Trump’s victory, as the S&P 500 jumped…
