If the U.S. continues to impose AI semiconductor restrictions on China, then chipmaker Huawei will take advantage of its position in the world’s second-largest economy, Nvidia CEO Jensen Huang told CNBC Thursday. “Our technology is a generation ahead of theirs,” Huang told CNBC at the sidelines of the Viva Technology conference in Paris. However, he … Read more
DUBAI, United Arab Emirates — Iran and the United States will hold a sixth round of negotiations over Tehran’s rapidly advancing nuclear program this Sunday in Oman, the sultanate’s foreign minister said Thursday, as regional tensions have spiked in recent days. The announcement by Oman’s Foreign Minister Badr al-Busaidi comes as the U.S. is drawing … Read more
A cargo ship at Qingdao Port in Shandong Province, China, on June 9, 2025. Cfoto | Future Publishing | Getty Images Consumer prices in the U.S. have been benign since February, and the May reading continues that trend, according to the Bureau of Labor Statistics’ consumer price index report released Wednesday. Meanwhile, the May jobs … Read more
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Chase & Co. Capital Markets conference in Paris, France, on Thursday, May 15, 2025. Cyril Marcilhacy | Bloomberg | Getty Images The impacts of the pandemic-era government spending and monetary policy that helped support the U.S. economy … Read more
Chip engineer handling a wafer. Compared to Nvidia’s export-restricted chips, the performance gap between Huawei and the H20 is less than a full generation,” said Dylan Patel, founder, CEO and chief analyst of SemiAnalysis. Sinology | Moment | Getty Images With the U.S. restricting China from buying advanced semiconductors used in artificial intelligence development, Beijing … Read more
The U.S. Department of the Treasury building is seen in Washington, D.C., on Jan. 19, 2023. Saul Loeb | Afp | Getty Images The U.S. government drifted further into red ink in May, with a burgeoning debt and deficit issue getting worse, the Treasury Department reported Wednesday. After running a short-lived surplus in April thanks … Read more
A man stocks shelves at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty Images Consumer prices in the U.S. have been benign since February, and the May reading continues that trend, according to the Bureau of Labor Statistics’ consumer price index report released Wednesday. Meanwhile, the … Read more
The United States is drawing down the presence of staffers who are not deemed essential to operations in the Middle East and their loved ones due to the potential for regional unrest, the State Department and military said Wednesday. The State Department said it has ordered the departure of all nonessential personnel from the U.S. … Read more
Khaby Lame, the world’s most popular TikTok personality with millions of followers, has left the U.S. after being detained by immigration agents in Las Vegas for allegedly overstaying his visa. The Senegalese-Italian influencer, whose legal name is Serigne Khabane Lame, was detained Friday at Harry Reid International Airport but was allowed to leave the country … Read more
Commerce Secretary Howard Lutnick said Wednesday that U.S. tariff levels on Chinese imports will not change from their current levels, even as a trade deal between Washington and Beijing has yet to be finalized. Asked on CNBC’s “Money Movers” if the current U.S. tariffs on China are not going to change again, Lutnick replied, “You … Read more