Author: franperez66q@protonmail.com
Treasury Secretary Scott Bessent said Tuesday that the U.S. joined Japan’s effort to strengthen the yen because the currency’s weakness risked destabilizing markets across Asia.”A stable yen is not only important for the U.S., but very important for the entire region,” Bessent said on CNBC’s “Squawk Box.”Bessent said a sharply weaker yen could pressure other countries to devalue their currencies, pointing to volatility in the South Korean won and concerns that China’s yuan is undervalued.”Given the trade flows, given the size of the economy, given their contribution to the global savings market, [it is] very important to have a stable…
Jeff Bezos, founder of Amazon.com Inc., during the America Business Forum in Miami, Florida, US, on Thursday, Nov. 6, 2025. Eva Marie Uzcategui | Bloomberg | Getty ImagesJeff Bezos filed plans to sell about 15 million Amazon shares worth roughly $4.1 billion, after the dominant e-commerce platform’s stronger-than-expected earnings sent the stock to a record high, pushing its market value above $3 trillion.Amazon fell more than 2% in early trading Tuesday following the filing, which disclosed the planned sale under a Rule 10b5-1 trading plan adopted on Nov. 14, 2025. The sales occurred on Monday through Morgan Stanley, according to…
Houses in Orchard Hills in Irvine, California, on Tuesday, May 28, 2024.Paul Bersebach | Orange County Register | Medianews Group | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Foreign buyers are pulling back sharply from U.S. residential real estate, but one segment of the nation’s homebuilders is still seeing strong international demand. Sales of U.S.…
Wall Street got back to its winning ways last week after navigating a hawkish Federal Reserve meeting, volatile swings in chip stocks, and a critical round of Big Tech earnings. The Dow Jones Industrial Average rose 1% for the week, snapping a three-week losing streak. The S & P 500 gained 1% last week, while the tech-heavy Nasdaq climbed 1.6%. Both avoided three down weeks in a row. For the month, however, performance was more mixed. The Dow edged up 0.32% in July, extending its monthly win streak to four. It was back-to-back monthly losses for the S & P…
Andy Burnham’s government will continue to function normally while the new prime minister is away on holiday, Downing Street has said.Burnham is taking a break from his day-to-day duties to spend time with his family, after entering No 10 two weeks ago.His official spokesman has said he will remain in direct contact with officials and continue to hold meetings while away from Downing Street. But Reform UK’s chairman Lee Anderson has criticised Burnham for going on holiday so soon after taking office, saying: “This isn’t a prime minister that’s serious about leading.”He accused the new prime minister of having “bunked…
Apple has launched a fresh legal challenge against a U.K. government attempt to access encrypted data held by British customers.The move comes a year on from the previous dispute between the two over a request from the U.K.’s Home Office for both British and American customer data. That order was dropped by the U.K. after interventions from U.S. President Donald Trump and Vice President JD Vance. Apple confirmed the filing of the legal challenge to CNBC, but declined to comment further. The Home Office said it does not comment on legal proceedings or operational matters, including confirming or denying the…
US President Donald Trump speaks at Wheeler High School, in Marietta, Georgia, on July 22, 2026. Saul Loeb | AFP | Getty ImagesPresident Donald Trump and Republicans have a new favorite term for their opponents on the left: Communists. Trump has been trying to stitch Democrats to communism, the economic philosophy championed by Karl Marx and the bane of the U.S. during the Cold War era. Republicans led by Wisconsin Sen. Joseph McCarthy previously used the moniker to great political effect during the Red Scare in the early 1950s. And the strategy has been employed in more recent elections as well.But…
Palantir CEO Alex Karp speaks during an interview on July 27, 2026 in New York City.John Lamparski | Getty ImagesPalantir soared in premarket trading on Tuesday after the company reported “otherworldly” second-quarter earnings driven by customer demand for AI sovereign tools. The enterprise software giant reported a 93% growth in overall revenue to $1.94 billion, up from around $1 billion a year ago, and beating LSEG estimates of $1.8 billion. Its commercial revenue jumped 149% to $764 million, and government revenue grew 90% to $809 million. The company expects full-year revenue between $8.15 billion and $8.158 and commercial revenue in…
Advanced Data Protection is an opt-in feature that allows users to turn on a higher level of protection for data stored in iCloud, such as back-ups, Drive storage, photos and voice memos.It is secured using end-to-end encryption – meaning not even Apple would be able to see its contents.The government’s requests for Apple to permit it access to data held under this system were issued under the Investigatory Powers Act (IPA).It includes powers allowing the government to issue secret notices – called technical capability notices – which can secretly force companies to provide UK security services with ways to access…
Travelers walk past an Alibaba Cloud advertisement at Shenzhen Bao’an International Airport in Shenzhen, China, on Tuesday, Oct. 7, 2025.Bloomberg | Bloomberg | Getty ImagesFor much of the past several years, the debate over artificial intelligence has revolved around two foundational questions: Can American technology companies continue to innovate at the technological frontier? And can the United States government develop a strategy capable of preserving America’s technological advantage over China? Those questions have now been overtaken by events.The defining question is no longer whether China can compete at the frontier. It is whether the U.S. can adapt quickly enough to…