CNBC’s Jim Cramer offered a blunt takeaway from Monday’s selloff: Artificial intelligence concerns have left the stock market incredibly fragile. After the S&P 500 and Nasdaq each shed more than 1%, the “Mad Money” host urged investors to exercise caution because stocks were “just too easy to take down today.” The reason for the early-week…
BANGKOK — U.S. futures fell and most Asian markets climbed Monday after the Supreme Court struck down most of President Donald Trump’s sweeping tariffs. Tokyo’s markets were closed for a holiday. Hong Kong led regional gains as its Hang Seng index surged 2.2% to 27,003.47. But the Shanghai Composite index lost 1.3% to 4,082.07. In…
Global betwork concept using maps from NASA. Fotograzia | Moment | Getty Images As competition with China intensifies, Washington is turning to a cornerstone of American soft power and diplomacy to expand its global influence in artificial intelligence: the Peace Corps. The White House on Friday announced the “Tech Corps” initiative within the Peace Corps aimed…
WASHINGTON — The Supreme Court decision striking down President Donald Trump’s sweeping tariffs has added a wrinkle to already complicated U.S.-China relations, with both countries navigating shifting ground to avoid an all-out trade war that would disrupt the global economy while still jostling for a position of strength in negotiations. Friday’s court ruling would seem…
SEOUL — Governments and companies around the world scrambled Saturday to determine the impact of the U.S. Supreme Court ruling that struck down most of President Trump’s sweeping tariffs and his response with a new round of import taxes. The latest twist in the U.S. tariff roller-coaster ride, launched when Trump returned to office 13 months ago…
Microsoft’s head of gaming, Phil Spencer, is leaving the software maker following a 38-year tenure, as the company’s Xbox business faces increased challenges. “Last year, Phil Spencer made the decision to retire from the company, and since then we’ve been talking about succession planning,” Microsoft CEO Satya Nadella wrote in a memo to employees that…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. I’ve spent the last 24 hours going back and forth on whether I need to hop on the “dad shoe” trend. Stock futures are little changed this morning. The major indexes are coming off a down day. Here are five…
These specially configured A350-1000ULRs are expected to enable the world’s longest commercial flights. Qantas Airbus said Thursday it expects to deliver 870 commercial aircraft in 2026, slightly fewer than the roughly 880 analysts had expected. It comes as pressure is building for the European planemaker, with U.S. rival Boeing showing signs of recovery after years…
Dylan Field, co-founder and chief executive officer of Figma, speaks during a Bloomberg Television interview outside of the New York Stock Exchange in New York on July 31, 2025. Michael Nagle | Bloomberg | Getty Images Figma shares jumped as much as 20% in extended trading on Wednesday after the design software maker reported robust…
Preteen girl at desk solving homework with AI chatbot. Phynart Studio | E+ | Getty Images The UK government is closing a “loophole” in new online safety legislation that will make AI chatbots subject to its requirement to combat illegal material or face fines or even being blocked. After the country’s government staunchly criticized Elon…