US President Donald Trump and South Korean President Lee Jae Myung are set to hold their first summit meeting in Washington on Monday. This follows last month’s trade deal, which reduced US tariffs on South Korea from a threatened 25% to 15%. Discussions are also expected to focus on US efforts to…
A busy night in global affairs saw Beijing sharpen its rhetoric ahead of hosting world leaders, Nvidia forced to pause a key chip rollout under Chinese scrutiny, and Elon Musk making an unlikely approach to Mark Zuckerberg in his pursuit of OpenAI. Here’s your one-stop stand to catch up on…
Nvidia Chief Executive Jensen Huang on Friday lauded Taiwan Semiconductor Manufacturing Co. during a visit to Taipei, calling the company one of the greatest in history and suggesting that any investor buying into it would be “very smart.”The comments came in response to questions about Washington’s interest in acquiring stakes…
Existing home sales in the US rose 2% in July, signaling a modest rebound in buyer activity.However, home price growth slowed to just 0.2% for the month, even as inventory levels reached their highest point since May 2020.While affordability remains a challenge, Redfin CEO Glenn Kelman says the housing market…
Elon Musk and his social media company, X Corp, have reportedly reached a tentative deal to settle a lawsuit from former Twitter employees seeking $500 million in severance. The dispute goes back to Elon Musk’s 2022 takeover of Twitter, now rebranded as X when roughly 6,000 employees were let go.…
Illinois Tool Works Inc (NYSE: ITW) has quietly outperformed in recent months, riding the wave of a broader rally in industrials.But renowned investor Josh Brown believes this isn’t just a short-term trade – it’s a long-term hold.In a recent CNBC interview, Brown dubbed ITW one of the “best stocks in…
A nervous quiet has descended upon global markets, as a rising chorus of hawkish voices from the Federal Reserve and surprisingly strong US economic data force a painful recalibration of interest-rate hopes. This wave of anxiety has washed over Asia, ending a six-day winning streak in India and putting a…
Despite claims from the Trump administration, major Japanese automakers have not increased prices in the US in response to imposed tariffs, according to a CNBC report.This strategic shift follows a recent report by Nikkei Asia, published on Thursday, which revealed that Japanese automakers are now “passing some of the expense…
The initial relief rally has faded, and a nervous hangover is settling over European markets on Friday. As investors begin to comb through the fine print of the European Union’s massive trade deal with America, the devil in the details is creating a clear divide between winners and losers, pushing…
Shares of Zip Co. surged more than 25% on Friday, reaching their highest level in over three years, after the buy-now-pay-later company reported a sharp rise in annual earnings and unveiled plans for a secondary listing in the United States.The stock climbed as much as 25.6% to A$3.92 in early…