Nexperia has been cleared to resume shipping some chips from China, signaling the global industry may avert a major supply disruption after all. The details: After days of tense negotiations, Beijing has reached an agreement with the Netherlands over the Dutch chipmaker—lifting the ban on shipments from China, with the European Commission revealing some details…
TORONTO — Top diplomats from the Group of Seven industrialized democracies are converging on southern Ontario as tensions rise between the U.S. and traditional allies like Canada over defense spending, trade and uncertainty over President Donald Trump’s ceasefire plan in Gaza and efforts to end the Russia-Ukraine war. Canadian Foreign Minister Anita Anand said in…
CNBC’s Jim Cramer analyzed Monday’s session, saying stocks — especially tech names — managed to rebound from last week as Wall Street sees an end to the government shutdown. “With the government potentially about to reopen, it’s back to business as usual, and that means the data center stocks come roaring back,” he said. The…
NEW YORK (AP) — Big Tech and other superstars of the U.S. stock market got back to rallying on Monday, and Wall Street recovered most of its loss from last week. The S&P 500 climbed 1.5% and clawed back nearly all its drop from last week, which was its first weekly loss in four. The…
HONG KONG (AP) — Alice Zhang, a 29-year-old marketer in the southern Chinese city of Guangzhou, has spent only roughly half what she did last year during the “Singles’ Day” online shopping festival, switching to cheaper choices and giving up on buying new shoes after pay was cut by more than 20%. That’s typical, analysts…
Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit. The Dublin, Ohio-based chain said during a conference call with investors Friday that it planned to begin closing restaurants in the fourth quarter of this year. The company said it expected a “mid-single-digit percentage” of its…
Calling the peak for anything is dangerous. So here goes: We’ve reached peak tariffs, as both an economic weapon and almost certainly as a political one. President Donald Trump signaled as much on Sunday when he turned to social media and declared people who oppose tariffs “are FOOLS!” He then offered everyone a tariff “dividend”…
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. +$1 trillion The richest man in…
Stocks tumbled on Friday as consumer sentiment plunged near all-time lows and investors panicked over AI spending – hammering tech stocks in their worst week since April. The tech-heavy Nasdaq dropped 0.2% Friday, closing the week down 3% – its worst drop since the April launch of President Trump’s “Liberation Day” tariffs sparked a massive…
Next week could get dicey for markets as earnings slow to a trickle and investors continue to go without government data. There was already more trepidation in the market this past week. On Friday, stocks are on pace to snap a three-week advance, with technology dragging all three major indexes into the red. The Nasdaq…