BEIJING (AP) — China’s Huawei Technologies said Thursday that it would roll out the world’s most powerful AI computing clusters over the next two years as it seeks to outperform global leaders despite relying on less powerful domestic semiconductors. China is racing to develop its own technology as America restricts what can be sold to…
MANILA, Philippines — Asian shares, led by tech stocks, were mostly higher Thursday after Wall Street indexes churned between gains and losses but ultimately remained near their record levels following the Federal Reserve’s decision to cut its main interest rate. Japan’s Nikkei 225 rose 1.3% to 45,365.98, with tech-related stocks including Disco, Tokyo Electron and…
How is the Fed’s rate cut affecting mortgage rates? Mortgage rates have been mostly falling since late July on expectations of a Fed rate cut. The average rate on a 30-year mortgage was at 6.35% last week, its lowest level in nearly a year, according to mortgage buyer Freddie Mac. A similar pullback in mortgage…
CNBC’s Jim Cramer warned investors not to make major market moves based solely on the Fed’s interest rate decisions, suggesting major market themes have not really changed in the wake of the central bank’s Wednesday meeting. “While we could’ve gotten more dovish languish from Powell, of course…No big themes were upended. No longer-term gains were…
Nutrition and education are inherently interlinked. In March 2025, Unesco released the Education and Nutrition: Learn to Eat Well report, which underscores the “importance of school meals in the health and learning of children” and advocates for more food education and nutritious foods. The report found that in 2022, 27 per cent of school meals…
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This weekend, Hong Kong’s culinary scene is offering exclusive collaborations and exceptional craftsmanship across French, Japanese and Chinese cuisines. First up is a much-anticipated four-hands dinner at Restaurant Petrus uniting two Michelin-starred chefs, followed by an intimate omakase takeover by Tokyo’s acclaimed Nogizaka Shin at Minato. Conclude your weekend with a thoughtfully curated seasonal tasting…
LONDON — The CEO of Nvidia, which faces tight restrictions on selling its chips to China amid the U.S.-China battle over trade and tech, said he’s disappointed about the situation. Jensen Huang said he expects to discuss the issue with President Donald Trump at a state banquet hosted by the British government that they’ll be…
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. Faces of the Fed Federal Reserve Governor Lisa Cook will keep her seat at the table at this week’s central bank meeting. An appeals court last night…
It is no secret that Hongkongers enjoy a wager. The Hong Kong Jockey Club (the Club), which operates the city’s three legal betting services – horse racing, football and the Mark Six lottery – has been a revered Hong Kong institution for 140 years. But illegal gambling and its associated problems, such as credit betting,…