The Trump administration has floated a plan to trim about $6 billion from the budget of NASA, while allocating $1 billion of remaining funds to Mars-focused initiatives, aligning with an ambition long held by Elon Musk and his rocket maker SpaceX. A copy of the discretionary budget posted to the NASA website on Friday said…
Shipping containers from China at the China Shipping (North America) Holding Company Ltd. facility at the Port of Los Angeles in Wilmington, California, Feb. 4, 2025. Mike Blake | Reuters The pullback in trade between the U.S. and China as a result of President Trump’s steep tariffs on Chinese goods and fears of a recession…
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City, U.S. November 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he expects the impacts of President Donald Trump’s tariffs on prices to be “transitory,” embracing a term that got the central bank in trouble…
Thyssenkrupp marine systems CEO Oliver Burkhard (4h R), German Defence Minister Boris Pistorius (6th R) and Mecklenburg-Western Pomerania’s State Premier Manuela Schwesig (8th R) during their visit of a shipyard of Thyssenkrupp Marine Systems that will build military submarines on Jan. 17, 2025 in Wismar, Germany. Morris Macmatzen | Getty Images News | Getty Images…
Jakub Porzycki | Nurphoto | Getty Images Standard Chartered’s bullish crypto analyst still sees bitcoin’s price hitting $500,000 during Donald Trump’s presidency — even after a selloff that sank the world’s largest digital currency to a three-month low. Geoffrey Kendrick, who heads up digital assets research at Standard Chartered, told CNBC he believes bitcoin will…
The Ferrari F50 at Salon Prive London, held at the Royal Chelsea Hospital. Martyn Lucy | Getty Images News | Getty Images Luxury carmaker Ferrari on Tuesday reported a significant upswing in full-year net profit, citing a strong product mix and growing demand for personal touches to its vehicles. Ferrari posted net profit of 1.53…
The Ferrari F50 at Salon Prive London, held at the Royal Chelsea Hospital. Martyn Lucy | Getty Images News | Getty Images Luxury carmaker Ferrari on Tuesday reported a significant upswing in full-year net profit, citing a strong product mix and growing demand for personal touches to its vehicles. Ferrari posted net profit of 1.53…
Dutch semiconductor equipment maker ASML expects new low-cost models like the one rolled out by China’s DeepSeek to lead to more — rather than less — demand for AI chips, CEO Christophe Fouquet told CNBC Wednesday. ASML beat estimates on both sales and profit for the fourth quarter and said it had an order backlog…
Amid the uncertainty of fiscal policy and the persistence of inflation, respondents to the CNBC Fed Survey dialed back their expectations for interest rate cuts but still believe the central bank will ease this year. Among the 25 respondents, 65% see two rate cuts in 2025, equal to the number penciled in by Federal Reserve…
Federal Reserve Governor Christopher Waller said Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting. In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year, with others to follow so long as economic…
