ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin retreats to $107,000 as cryptocurrencies pull back from recent highs. Plus, Vice President JD Vance delivers the keynote address to the Bitcoin 2025 conference in Las Vegas. And, Rep. Bryan Steil of Wisconsin breaks down the crypto legislative priorities for federal lawmakers.15:26Wed, May 28 20253:44 PM EDT Source link
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Jensen Huang, co-founder and CEO of Nvidia, during the Computex conference in Taipei, Taiwan, on May 20, 2025.Annabelle Chih | Bloomberg | Getty ImagesNvidia shares jumped in premarket trading on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.Shares of Nvidia were 5.22% higher at 05:06 a.m. ET after the company posted better-than-expected earnings and revenue on Wednesday, even as it took a hit from U.S. semiconductor export restrictions to China.Nvidia has been seen by investors as a bellwether for the broader semiconductor industry and artificial intelligence-related stocks, with its latest strong numbers sparking…
The logo of Japanese entertainment and electronics giant Sony is displayed at the company’s headquarters in Tokyo on May 14, 2025.Kazuhiro Nogi | Afp | Getty ImagesSony’s CEO said on Thursday the spin-off of the financial services arm will secure that business its own fundraising capabilities.”It is significant that, through the spin-off, Sony (Financial Group) will secure its own fundraising capabilities while continuing to use the Sony brand and collaborate with Sony Group,” Sony CEO Hiroki Totoki said at an investor day.Sony plans to distribute just over 80% of its shares to Sony Financial Group, which includes banking and insurance, to shareholders through dividends in kind.It is the first partial spin-off by a company in Japan with a direct listing – the first in Japan in more than two decades – set for…
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. Markets: Stocks edged down slightly Wednesday as investors awaited several major earnings reports after the bell, including quarterly results from Nvidia and Salesforce . The muted market action followed a strong S & P 500 rally on Tuesday, driven by President Donald Trump’s decision to postpone the 50% tariff on European Union imports that he had threatened the previous Friday. Exiting TAVR : Boston Scientific announced in a filing Wednesday that…
Peter Kazimir, governor of Slovakia’s central bank, attending a press conference in Bratislava in 2016.Tomas Benedikovic | Afp | Getty ImagesA Slovak court ruled on Thursday that central bank governor and European Central Bank policymaker Peter Kazimir is guilty of corruption, a judge said.The Specialised Criminal Court ruled Kazimir must pay a 200,000 euro ($225,620) fine, or face a one-year prison sentence, Judge Milan Cisarik said.The verdict can be appealed and therefore does not force Kazimir out of office.Kazimir, who is a member of the ECB’s rate-setting governing council, did not attend the ruling while on a business trip to…
US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty ImagesU.S. President Donald Trump is expected to find a workaround after suffering a major blow to a core part of his economic agenda.The U.S. Court of International Trade on Wednesday ruled that the president had overstepped his authority by invoking the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on numerous countries.The Manhattan-based court not only ordered a permanent halt to most of Trump’s tariffs, but also barred…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSteven Greenway, CEO of Saudi Arabia’s low-cost carrier flyadeal, says that “competition is a given” amongst the low-cost carrier portion of the airline industry and shares how he is repositioning flights to meet the new demand for flights to Syria. Source link
India is set to become the world’s fourth-largest economy.Dinodia Photo | Corbis Documentary | Getty ImagesThis report is from the latest edition of CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary every week on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.Each weekday, CNBC’s “Inside India” news show gives you news and market commentary on the emerging powerhouse businesses, and the people behind its rise. Livestream the show on YouTube and catch highlights here. SHOWTIMES:U.S.: Sunday-Thursday, 23:00-0000 ETAsia: Monday-Friday, 11:00-12:00 SIN/HK, 08:30-09:30 India Europe: Monday-Friday, 0500-06:00 CETThe big storyA…
Customers look at BYD electric cars at an auto show in Yantai, in eastern China’s Shandong province on April 10, 2025. Stringer | Afp | Getty ImagesBEIJING — Competition in China’s electric car market just got fiercer with consequences for the domestic economy and even the global auto market.Industry giant BYD last week announced a slew of discounts — some of nearly 30% or more — across several of its lower-end battery-only and hybrid models. The budget-friendly Seagull compact car saw its price drop to 55,800 yuan ($7,750).Other major Chinese automakers have begun following suit.”BYD’s action this time has made…
Deepseek’s logo on Jan. 29, 2025.Andrey Rudakov | Bloomberg | Getty ImagesChinese startup DeepSeek, which caused shockwaves across markets this year, quietly released an upgraded version of its artificial intelligence reasoning model.The company did not make an official announcement, but the upgrade of DeepSeek R1 was released on AI model repository Hugging Face.DeepSeek rose to prominence this year after its free, open-source R1 reasoning model outperformed offerings from rivals including Meta and OpenAI. The low-cost and short time of development shocked global markets, sparking concerns that U.S. tech giants were overspending on infrastructure and wiping billions of dollars of value…
