People walk by a giant Spiderman inflatable installation at the south courtyard plaza of Shuncheng Shopping Center on August 2, 2026 in Kunming, Yunnan province, China. Vcg | Visual China Group | Getty Images Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot…
Trump Media & Technology Group on Monday reported a net loss of more than $238 million for its fiscal second quarter on revenue of less than $2 million. That loss, which dwarfed the almost $20 million it lost in the same period last year, was primarily due to declines in non-cash assets, including more than…
President Donald Trump speaks with the new chairman of the Federal Reserve, Kevin Warsh, after a swearing-in ceremony in the East Room of the White House, in Washington, May 22, 2026. Anna Moneymaker | Getty Images President Donald Trump spoke recently to Federal Reserve Chairman Kevin Warsh, the president said Monday. The Wall Street Journal…
NVIDIA Corp. CEO Jensen Huang speaks during a joint press conference with representatives of Fujitsu Ltd., FANUC Corp. YASKAWA Electric Corp. and Kawasaki Heavy Industries Ltd. on July 16, 2026, in Tokyo, Japan. Tomohiro Ohsumi | Getty Images Nvidia is attempting to turn its artificial intelligence chips into Wall Street’s newest asset class, partnering with…
US Secretary of Health and Human Services Robert F. Kennedy Jr. (R) looks on as President Donald Trump speaks before signing an executive order calling for more research and flexibility on vaccines, in the Oval Office of the White House in Washington, DC, on August 10, 2026. Jim Watson | Afp | Getty Images President…
Jefferies on Monday downgraded Apple. Edison Lee, a top analyst at Jefferies known for frequent ratings and price target changes, cut the stock to a sell-equivalent from hold. He also lowered his Apple price target to $263.66 per share from $285.56, implying nearly 16% downside from Friday’s close. Lee cited supply chain checks showing that…
In an aerial view, the Strategic Petroleum Reserve storage at the Bryan Mound site is seen on October 19, 2022 in Freeport, Texas. Brandon Bell | Getty Images Crude oil stocks in the U.S. Strategic Petroleum Reserve have fallen below 300 million barrels, the lowest level in more than four decades, as global inventories are…
Even as Federal Reserve Chairman Kevin Warsh implements measures to curtail so-called forward guidance — or how the Fed signals its future rate moves — investors are largely expecting an increase in interest rates in the months ahead. The central bank has kept rates on hold all year as officials deliberated next steps with inflation remaining well…
Elon Musk speaks at Starbase before SpaceX’s IPO in in Starbase, Texas, U.S., June 12, 2026. CNBC Shares of Elon Musk‘s SpaceX rose on Monday, bringing the stock back around its $135 IPO price. The shares briefly hit the benchmark in early trading on Monday, marking a rebound from rocky post-IPO trading that has seen…
Intel headquarters is seen on July 23, 2026 in Santa Clara, California. Heather Diehl | Getty Images Intel announced a $15 billion common stock offering on Monday to support skyrocketing customer demand for artificial intelligence computing power. Shares of Intel fell 4% in morning trading. The chipmaker highlighted physical AI, purpose-built silicon and advance packaging…
