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Trump says U.S. struck trade, military deal with the Philippines; Manila has not confirmed

Marcus Voss5 hours ago04 mins

President Donald Trump said Tuesday that the U.S. has “concluded” a trade deal with the Philippines that includes a 19% tariff on goods imported from the southeast Asian country. Manila will not impose tariffs on U.S. goods as part of the deal, according to Trump, who praised the country for what he described as “going…

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How Huawei ascended from telecoms to China's 'jack of all trades' AI leader

Marcus Voss2 days ago015 mins

The Huawei booth at the Mobile World Congress in Barcelona, 2025. Arjun Kharpal | CNBC Despite being beaten down by years of U.S. trade restrictions, China’s telecom giant Huawei has quietly emerged as one of the country’s fiercest competitors across the entire AI landscape.   Not only does the Shenzhen-based firm appear to represent Beijing’s answer…

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An early lesson from this earnings season: Don't judge the quarter too quickly

Marcus Voss3 days ago012 mins

The one-two punch of strong earnings and tame inflation helped propel the S & P 500 to a positive week — despite the latest tariff news on Friday putting a slight damper on the action. The broad index added 0.59% for the week led by technology, utilities and industrials, while the tech-heavy Nasdaq outperformed, jumping…

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Nvidia CEO Jensen Huang sells an additional $12.94 million worth of shares

Marcus Voss3 days ago02 mins

Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty Images Nvidia CEO Jensen Huang sold 75,000 shares on Friday, valued at about $12.94 million, according to a filing with the U.S. Securities and Exchange Commission.  Friday’s sale is part…

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Rich American Express customers continue to spend freely, with one exception

Marcus Voss4 days ago03 mins

American Express has long benefited from a focus on wealthier customers who appreciate the credit card company’s travel and dining perks. That has helped insulate the company from concerns over a spending slowdown. In the second quarter, total spending on Amex cards jumped 7%, matching the first quarter and higher than the 6% increase a…

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Fed Chair Powell responds to White House questions about HQ renovation

Marcus Voss4 days ago05 mins

Federal Reserve Chairman Jerome Powell on Thursday formally replied to a set of pointed questions from the director of the White House Office of Management and Budget about the renovation of the Fed’s Washington headquarters. Powell pointed to a newly launched page on the Fed’s public website dedicated to answering questions about the project, which…

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Chevron completes Hess acquisition after defeating Exxon in dispute over Guyana oil assets

Marcus Voss4 days ago02 mins

Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana, Exxon CEO Darren Woods told CNBC’s Becky Quick on Friday. The ruling by the International Chamber of Commerce in favor of Chevron clears the way for the oil major to complete its $53…

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Banks are thriving so far in Trump’s economy. Here's what that means for markets and the consumer

Marcus Voss5 days ago011 mins

(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Saul Loeb | Afp | Getty Images Nearly everywhere you look…

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Peter Thiel just bought a big stake in Tom Lee's ether company and the shares are surging

Marcus Voss6 days ago02 mins

Peter Thiel, president and founder of Clarium Capital Management LLC, holds hundred dollars bills as he speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022.  Eva Marie Uzcategui | Bloomberg | Getty Images Stock Chart IconStock chart icon Bitmine (BMNR) 1-month The current wave of interest in Ethereum and…

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Morgan Stanley earnings top estimates on increased trading revenue

Marcus Voss6 days ago02 mins

People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City.  Spencer Platt | Getty Images Morgan Stanley on Wednesday reported second-quarter results that crushed Wall Street expectations on the back of higher trading revenues. Here’s what the bank reported for the second quarter compared with what Wall…

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Dan Tapiero Projects Crypto Economy Hitting $50T, Launches $500M Fund Under New Firm

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  • Dan Tapiero Projects Crypto Economy Hitting $50T, Launches $500M Fund Under New Firm
  • Cathie Wood’s ARK Offloads Coinbase and Roblox to Back Tom Lee’s ETH Venture
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  • Trump says U.S. struck trade, military deal with the Philippines; Manila has not confirmed
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