Trade tensions between the world’s two largest economies have escalated in the last two weeks. Dilara Irem Sancar | Anadolu | Getty Images China on Wednesday appointed Li Chenggang as vice minister of commerce and a top representative for International trade negotiation, according to an official statement, replacing Wang Shouwen. As part of a wider…
Dongsanhuan Ring Road, CBD, Beijing, China. Xiaoyang Liu/Construction Photography/Avalon | Getty Images China’s economy expanded by a better-than-expected 5.4% in the first quarter, maintaining a strong momentum, even as U.S. tariff threats prompt major investment banks to slash the country annual growth outlook. The first-quarter GDP topped Reuters poll expectations for a 5.1% growth year…
Dylan Field, co-founder and CEO of Figma Inc., after the morning sessions at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 11, 2024. Bloomberg | Bloomberg | Getty Images Design software maker Figma said on Tuesday that it has submitted paperwork to the U.S. Securities and Exchange Commission for…
Nvidia CEO Jensen Huang delivers the keynote address during the Nvidia GTC 2025 at SAP Center on March 18, 2025 in San Jose, California. Justin Sullivan | Getty Images Nvidia said on Tuesday that it will take a quarterly charge of about $5.5 billion tied to exporting H20 graphics processing units to China and other…
Thilina Kaluthotage | Nurphoto | Getty Images Meta CEO Mark Zuckerberg considered spinning out Instagram in 2018 on concerns about the rising threat of antitrust litigation against Facebook, according to an email presented Tuesday in a Washington, D.C. courtroom. During Zuckerberg’s second day of testimony in Meta’s antitrust trial with the Federal Trade Commission, lawyers…
OpenAI is considering building a social network to compete with Elon Musk’s X and Meta’s Instagram, a source familiar with the plans confirmed to CNBC. The project is still in its early stages, said the person, who asked not to be named due to confidentiality. It’s based on the popularity of OpenAI’s newest image-generation feature,…
We’re making a pair of moves in Tuesday’s slightly higher market.
Traders work on the floor at the New York Stock Exchange in New York City, U.S., April 14, 2025. Brendan McDermid | Reuters Treasury yields wavered on Tuesday, a reprieve amid a period of volatility in the bond market. The benchmark 10-year Treasury rose around 2 basis points to 4.386%. The 2-year Treasury yield added less than 1 basis…
Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Citigroup on Tuesday posted first-quarter results that exceeded analysts’ estimates as…
Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in New York, US, on Tuesday, March 19, 2024. Jeenah Moon | Bloomberg | Getty Images Bank of America is scheduled to report first-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: 82 cents per share, according…
