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Can running shoes be made by a spray gun? That’s the idea behind LightSpray, a new manufacturing technique created by Swiss sneaker company On. “It allows us to produce an upper material in a completely automated way,” said Marc Maurer, On’s former co-CEO who recently left the company. “A traditional product is touched by approximately 200 hands, which is very different here.” The upper part of the shoe is formed as a robot sprays a synthetic material called polymer onto a rotating foot-shaped mold. The process takes about three minutes per shoe. The final product doesn’t have seams or laces and fits…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves : Stocks were higher on Wednesday, with the S & P 500 on pace to break a two-day losing streak. The Nasdaq briefly touched a new all-time. A rally in tech stocks supported the market, as Club name Nvidia broke above a $4 trillion market value. The magic number to close at the milestone is $163.93. Session highs were above that, but the stock has lost some of its…
Activist investor Standard Investments has halved its stake in London-listed Johnson Matthey after a six-month campaign that forced the British specialty chemicals company into a major overhaul.Standard’s total holding fell to 4.75% from a previously disclosed 9.52%, regulatory filings showed. The investment firm has sold into a share price rally that has recovered to over £18 ($24.50), up more than 35% from a low of around £13.52 when its public pressure campaign began in December 2024.Standard Investments’ remaining position consists of a 1.77% holding in direct shares and nearly 3% held through cash-settled equity swaps, the filing showed.Based in New…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, Ripple selects Bank of New York Mellon as the primary custodian for the firm’s U.S. dollar-pegged stablecoin reserves. Plus, Swan Bitcoin CIO Ben Werkman explains why bitcoin is quickly becoming a more attractive treasury asset for companies.13:07Wed, Jul 9 20253:00 PM EDT Source link
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,…
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…
