CNBC’s The China Connection newsletter: TikTok tops the trade talk
On tariffs, fentanyl, semiconductors and all the other mounting sticking points between the U.S. and China, not much progress has been made.
European stocks set to lose ground after Fed’s Powell says equities are ‘highly valued’
European shares are poised to open lower on Wednesday.
Sam Altman on OpenAI’s $850 billion in planned buildouts: ‘People are worried. I totally get that’
OpenAI CEO Sam Altman announced a sweeping 17-gigawatt buildout of compute across multiple sites in partnership with Oracle, Nvidia, and SoftBank.
Alibaba shares rise over 6% after CEO unveils plans to boost AI spending
Alibaba shares surged to their highest point since 2021 after it announced plans to boost spending on artificial intelligence and unveiled new AI products.
Asia markets track Wall Street declines after U.S. Fed chair suggests stocks are overvalued
U.S. Federal Reserve Chair Jerome Powell also signaled that the rate-cutting path wasn’t clear and that the central bank faces a “challenging situation.”
Stock futures are little changed after S&P 500 pulls back from record highs: Live updates
The S&P 500 on Tuesday snapped its three-day win streak and closed in the red after it had reached a new all-time intraday high earlier in the session.
Jimmy Kimmel returns: Fans gather outside LA studio to welcome late-night TV host back
“Jimmy Kimmel Live!” returns to air Tuesday night, roughly one week after the late night show was suspended by Disney’s ABC broadcast network.
Santoli’s Tuesday market wrap-up: S&P 500 pulls back from record highs as investors rethink the AI trade
Stocks took a hit as investors questioned the Nvidia-OpenAI partnership, wondering about overcapacity and overlapping partnerships and vendor relationships.
Tether reportedly seeks lofty $500 billion valuation in capital raise
The crypto company is looking to raise between $15 billion and $20 billion in exchange for a roughly 3% stake through a private placement, the report said.
Micron beats on earnings as company sales rise 46% on AI boom
Micron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter.