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Responding to the criticism the government said it would “publish as much material as we can as soon as possible”. Source link
BEIJING, CHINA – MAY 14: Nvidia CEO Jensen Huang (C) gestures as he prepares to depart following a welcome ceremony at the Great Hall of the People on May 14, 2026 in Beijing, China. President Trump is meeting with President Xi Jinping in Beijing to address the Iran conflict, trade imbalances, and the Taiwan situation while establishing new bilateral boards for economic and AI oversight. (Photo by Alex Wong/Getty Images)Alex Wong | Getty Images News | Getty ImagesEarnings for chip giant Nvidia are always a big deal for the stock market but are stacking up to be monumental this time,…
The National Football League outlined to the Commodities and Futures Trading Commission its views on how sports-related prediction markets should be regulated as the industry continues to experience massive growth, according to a letter reviewed by CNBC. Recommendations include banning certain event contracts and raising the age requirement for participation. Senior vice president for government affairs and public policy for the NFL Brendon Plack penned the letter on Friday to CFTC Chairman Michael Selig, where regulators are currently in a rulemaking process regarding the markets. Plack said the slew of recommendations are to preserve the ethics of the league. “These suggestions are aimed…
Tech CEOs invited to US Capitol to testify about children’s online safety Source link
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. All three major indexes rallied Thursday, with the Dow reclaiming 50,000 after an important U.S.-China meeting and a blowout earnings report from Cisco Systems . It was a mixed bag for semiconductor stocks Thursday. Some like Club names Nvidia and Broadcom are rallying. Others like Micron and Qualcomm fell. Jim Cramer believes investor enthusiasm surrounding the debut of AI chip company Cerebras may be pulling money away from some semis and other AI stocks.…
BEIJING, CHINA – MAY 15: U.S. President Donald Trump and Chinese President Xi Jinping tour the Zhongnanhai leadership compound on May 15, 2026 in Beijing, China. Mark Schiefelbein-Pool | Getty Images News | Getty ImagesChina is eager to “help” peace negotiations between Washington and Tehran, U.S. President Donald Trump said Thursday, as he concluded a two-day presidential summit in Beijing. In an interview with Fox News on Thursday, Trump said his Chinese counterpart, Xi Jinping, had ruled out sending military assistance to U.S. forces in Iran, but that he had offered diplomatic help. “He’d like to see Hormuz Strait opened,”…
With its recent rally, shares of oil giant Exxon Mobil now yield 2.7%, the lowest since 2014, and just a touch higher than what dating site Match Group pays its shareholders. Exxon’s dividend has been one of the company’s key selling points with investors, particularly of the retail variety.So what do you do now if you own shares for income purposes? Turn to options. Exxon currently presents a compelling case for a “buy-write with a twist” — otherwise known as a covered call spread. This strategy allows investors to collect premium income while retaining a window for capital appreciation, a…
The former General Motors headquarters inside the Renaissance Center in Detroit, April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — As artificial intelligence expands, it threatens to exacerbate a growing trend for America’s largest automakers: the elimination of white-collar workers.The “Detroit Three” automakers have together cut more than 20,000 U.S. salaried jobs, or 19% of their combined workforces, from recent employment peaks this decade, according to public filings and employment data from the companies. Reasons for the job declines vary by automaker, but in general are tied to evolving technological changes in the automotive industry, with the rise of…
Boeing receives China’s backing for deeper commercial ties Source link
Skyroot named its initial line of vehicles “Vikram” in honor of the Indian physicist Vikram Sarabhai, who is considered the father of the Indian space program. As a testbed for its technology, Skyroot worked on a suborbital version of its rocket, Vikram-S, from 2020 to 2022 and launched the 6-meter rocket in November of that year. The larger Vikram-1 rocket now nearing its debut consists of three solid-fueled stages, with the capability to place up to a half-metric ton of payload into low-Earth orbit. The easiest way to keep up with Eric Berger’s and Stephen Clark’s reporting on all things…