Economy Mar 09 Oil prices soar to levels not seen in years as war in Iran intensifies Supply concerns have driven crude and gasoline higher prices as the war ensnares major oil-producing countries and hinders exports from the Persian Gulf.
Economy Feb 27 AI is key driver behind layoffs at fintech company Block, CEO says Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize on its use of artificial intelligence.
World Jan 15 Grok blocked from undressing images with AI in places where it's illegal, X says Elon Musk’s AI chatbot Grok won’t be able to edit photos to portray real people in revealing clothing in places where that is illegal, according to a statement posted on X.
World Oct 30 6 takeaways from Trump's meeting with Chinese leader Xi President Donald Trump met with China's Xi Jinping on the sidelines of Pacific Rim summit gatherings in South Korea, where the two leaders agreed to dial back some of their trade measures and work together to resolve others.
Economy Aug 22 Nvidia is in talks with Trump administration about new chip for China, company's CEO says Nvidia CEO Jensen Huang said Friday that the company is discussing a potential new computer chip designed for China with the Trump administration.
Politics Aug 19 Trump administration vying to own a big stake in Intel after SoftBank's $2 billion bet on company The ambitions that Lutnick confirmed in a televised interview with CNBC came the day after various news outlets reported on the negotiations between the Trump administration and Intel.
Economy Aug 01 Trump's new tariffs lenient on some countries, while shares sink and U.S. dollar weakens The new rates are due to take effect on Aug. 7, but uncertainty over what Trump might do next remains.
Nation Jun 09 With trade talks due to start, China says exports to U.S. fell 35% in May China has reported its exports to the United States fell 35% in May from a year earlier, straining the economy, as trade talks with Washington were due to start in London.
Economy Jun 06 World shares are mixed ahead of Friday's U.S. jobs report A resilient job market has been one of the linchpins that’s propped up the U.S. economy, and the worry is that all the uncertainty created by President Donald Trump’s on-and-off tariffs could push businesses to freeze their hiring.
Politics May 12 U.S. and China reach temporary deal to reduce sky-high tariffs for 90 days, plan more talks Stock markets rose sharply as the globe's two major economic powers took a step back from a clash that has unsettled the global economy.