Economy

Nvidia (NVDA) shined once again with the release Wednesday of its second-quarter fiscal year 2024 results. Similar to its blowout first quarter, the artificial-intelligence chipmaker handily exceeded Wall Street’s expectations and offered a forecast that was well above already-lofty expectations — driving shares to another new all-time high in afterhours trading. Revenue for the three… […]

Nvidia CEO Jen-Hsun Huang at the Consumer Elctronics Show (CES) in Las Vegas, USA, 04 January 2017. Huang announced that his company would collaborate with the German car company Audi in future.Andrej Sokolow | Picture Alliance | Getty ImagesNvidia is on a tear, and it doesn’t seem to have an expiration date.Nvidia makes the graphics… […]

The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba posted a better-than-expected bottom line in the June quarter on Friday, fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business, sending shares higher. Still, the Chinese giant’s revenues […]

LONDON — European stock markets kicked off the new month higher, as the defense and health-care sectors received a boost from corporate news. The Stoxx Aerospace and Defense index was up 1.65% at 10 a.m. in London (5 a.m. ET), after the U.K. government announced Sunday that Norway had placed a £10 billion ($13.5 billion) […]

Chinese President Xi Jinping delivers his opening remarks at the Shanghai Cooperation Organization Summit in Tianjin on Sept. 1, 2025. Evelyn Cheng TIANJIN, China — Chinese President Xi Jinping on Monday urged members of the Shanghai Cooperation Organization to strengthen artificial intelligence cooperation, while rejecting what he called a “Cold War mentality.” Xi was speaking […]

China customs officers raising a Chinese flag during a rehearsal for a flag-raising ceremony in Shanghai. Qilai Shen | Bloomberg | Getty Images Asia-Pacific markets traded mixed Monday as investors assessed China’s RatingDog manufacturing data for August. The metric came in at 50.5, compared to a contraction of 49.5 the month before. Data released Sunday […]

Despite a July slowdown, BYD retains its lead in China’s competitive EV market. Anna Barclay | Getty Images News | Getty Images Hong Kong-listed shares of BYD slid nearly 8% Monday after the Chinese electric vehicle maker reported a sharp drop in quarterly profit amid an aggressive price war across its domestic industry. The Tesla rival […]

Former Rep. Mark Meadows, R-N.C., speaks during a forum on House and GOP Conference rules for the 118th Congress, at the FreedomWorks office in Washington, D.C., on Monday, November 14, 2022. Tom Williams | Cq-roll Call, Inc. | Getty ImagesA judge on Wednesday denied former White House chief of staff Mark Meadows’ bid to quickly move… […]

U.S. President Donald Trump looks on during the signing of executive orders in the Oval Office at the White House in Washington, D.C., on Aug. 25, 2025. Jonathan Ernst | Reuters President Donald Trump’s aggressive trade agenda hit a significant snag this week when a federal appeals court ruled that most of his “reciprocal tariffs” […]

President Donald Trump’s efforts to fire Federal Reserve Governor Lisa Cook could jeopardize the central bank’s independence, according to longtime investor Rebecca Patterson. “We shouldn’t ignore this at all. This is a big deal what’s going on,” the former Bridgewater Associates chief investment strategist told CNBC’s “Fast Money” this week. Patterson, now a senior fellow […]