Author: Editor-In-Chief
Stock brokers at the Prudential Brokerage office are observing the results of the Hang Seng Index in Hong Kong for March 2020.Sopa Images | Light Rocket | Getty ImagesAsia-Pacific markets rose on Wednesday, with Japan’s Nikkei stock average hitting a record high as investors appeared to overlook the uncertainty surrounding negotiations between the United States and Iran to end the Middle East conflict. Tensions between the United States and Iran are escalating, with Secretary of State Marco Rubio saying on Tuesday that Iran is digging landmines in “large parts” of the Strait of Hormuz.”They’re shelling commercial ships and digging mines…
Nvidia’s big dividend increase could lay the groundwork for other big tech companies to follow suit. The chipmaker has recognized “parabolic” demand for artificial intelligence chips in data centers and recently announced it would expand into chips for personal computers, which CEO Jensen Huang said would “reinvent the PC.” The demand is a cash flow windfall for the company, which recently announced it would return more money to shareholders. The company declared a 2,400% increase in its dividend, from a quarterly dividend of 1 cent per share to 25 cents per share, and an $80 billion share buyback program. The…
Google Labs, the tech giant’s team dedicated to experimental product design, has released a new AI-powered app for iOS and Android that literally brings your life to life. Behold dream beans. Why is it called that? More on that later. First, what is it? Gozde Ozner, the new app’s product lead, told TechCrunch that the idea is to use data culled from various Google services to generate a curated list of AI-drawn “stories.” These stories come in many shapes and forms, but generally appear to be lifestyle propositions. Osner describes it as “places to visit, topics to explore, things to…
Tourists walk by a large Chinese flag painted on the side of a container at an outdoor market during Golden Week on October 3, 2024 in Beijing, China.Kevin Frayer | Getty ImagesChina has made it difficult for retail investors to direct money into U.S. stocks, accelerating a long-term shift in driving domestic capital and companies to Hong Kong. China’s securities regulator recently stepped up its scrutiny of offshore securities companies, saying it would “firmly crack down” on Tiger Brokers, Futu Holdings and Longbridge Securities for conducting illegal cross-border securities operations. This is the latest salvo in a years-long effort to…
U.S. Treasury Secretary Scott Bessent attends a Senate Finance Committee hearing on Wednesday, June 3, 2026 in Washington, DC, USA. Eric Lee | Bloomberg | Getty ImagesTreasury Secretary Scott Bessent said Wednesday that he is “performing the duties” of the Internal Revenue Service commissioner, even though he insists he is not acting commissioner during a heated exchange in the Senate over President Donald Trump’s settlement with the IRS.Mr. Bessent had served as acting IRS commissioner since August, but took over the role two-and-a-half months ago under little notice, the agency said in a March 13 post on its website. The…
Prime Minister Benjamin Netanyahu has downplayed reports of a falling out with President Donald Trump after the latter recently admitted to calling the Israeli prime minister “fucking crazy.”In an interview with CNBC on Wednesday, Prime Minister Netanyahu rejected the idea that his relationship with President Trump had changed, saying, “No, we’ve had a great relationship so far, because he was Israel’s greatest friend in the history of the White House.”Recommended stories list of 3 itemsend of listNetanyahu, who is wanted by the International Criminal Court (ICC) for alleged war crimes in Gaza, added that the two leaders have mutual respect.”We…
Federal Reserve Chairman Kevin Warsh departs from the East Room of the White House after being sworn in on May 22, 2026.Aaron Schwartz | AFP | Getty ImagesFederal Reserve Chairman Kevin Warsh has hired two conservative economic policy researchers to work with him at the central bank, said the people, who requested anonymity to discuss sensitive personnel matters.The researchers are Paul Winfrey, author of the chapter on the Federal Reserve in the conservative policy blueprint Project 2025, and Daniel Heil, a fellow at Stanford University’s Hoover Institution, the institute’s think tank before Warsh joined the Fed.The two are “serving as…
OpenAI chief Sam Altman is scheduled to attend the G7 meeting in France later this month, CNBC has learned, as President Emmanuel Macron ramps up efforts to woo technology leaders around the world to support the country’s AI ambitions.France is hosting the 2026 G7 meeting (an annual meeting of heads of state or government) from June 15th to 17th, and AI is expected to feature heavily on the agenda.OpenAI exclusively told CNBC that Altman was invited by Macron to participate in the Leaders’ Summit, and this will be his first time attending. “The expectation is that he will participate in…
California Democratic Congressman Ro Khanna at the National Action Network 35th Anniversary Conference in New York on April 8, 2026.Victor J. Blue | Bloomberg | Getty ImagesRo Khanna, Ranking Member of the House China Select Committee, led a bipartisan group of lawmakers in pressing Acting Attorney General Todd Blanche to submit an overdue report on illegal labor practices by Chinese companies in the U.S. auto industry.In a new letter sent to Blanche on Wednesday morning and shared exclusively with CNBC, the lawmakers requested an update on the report Congress commissioned earlier this year. This comes after CNBC visited a major…
President Donald Trump’s administration has proposed imposing new tariffs of up to 12.5% on imports from 60 countries after finding they are failing to curb trade in products made with forced labor, an argument rejected by America’s trading partners.The U.S. Trade Representative’s (USTR) proposal, announced late Tuesday, stems from a Section 301 unfair trade practices investigation aimed at helping President Donald Trump restructure emergency tariffs that were invalidated by a February U.S. Supreme Court ruling.Recommended stories list of 4 itemsend of listDespite being prohibited by law, products of forced labor are deeply integrated into supply chains around the world. European…