News
Making it rain: Why more and more countries are turning to cloud seeding
1+ hour, 16+ min ago (1063+ words) Countries across the globe are increasingly turning to a decades-old weather modification technique as part of a push to control when and where it rains. Alongside the U.S. and China, which boasts the world's largest weather modification program, France, Russia, India…...
Bitcoin extends decline, falling over 5% to below $64,000
3+ hour, 55+ min ago (49+ words) Bitcoin tumbled more than 5% to around $63,000 on Tuesday as investors continued to grapple with escalating tariff tensions and broader geopolitical risks. Bitcoin tumbled more than 5% to fall below $64,000 on Tuesday as investors continued to grapple with escalating tariff tensions and…...
As Wall Street punishes software stocks over AI concerns, Canva gets more acquisitive
4+ hour, 26+ min ago (565+ words) Software stocks have been hammered in recent weeks as investors worry about threats from artificial intelligence. In the startup world, Canva has been among the highest fliers due to its popularity with designers, but that market is showing vulnerability, with…...
Panama cancels China-linked port deal, hands canal terminals to Maersk, MSC
5+ hour, 24+ min ago (396+ words) Panama annulled key port contracts held by a subsidiary of Hong Kong-based CK Hutchison in its official gazette Monday, transferring interim operations of the ports to Danish shipping giants A.P. Moller-Maersk and Swiss-based Mediterranean Shipping Co. The notice formalized a Supreme…...
Jamie Dimon says 'watch out’ as high asset prices add to economic risks: ‘My anxiety is high’
5+ hour, 30+ min ago (471+ words) JPMorgan Chase CEO Jamie Dimon said Monday that he was anxious over the U.S. economy, citing elevated asset prices and a competitive environment in banking that reminded him of the pre-2008 crisis years. Even as economists tout the Trump administration's tax…...
China leaves benchmark lending rates unchanged as Beijing signals tolerance for stronger yuan
6+ hour, 17+ min ago (401+ words) China's central bank kept its benchmark lending rates unchanged Tuesday as authorities navigate a balancing act of supporting a slowing economy while maintaining currency stability. The People's Bank of China held its 1-year and 5-year loan prime rates at 3% and…...
FedEx sues U.S. seeking full refund of Trump tariffs days after Supreme Court ruling
8+ hour, 15+ min ago (116+ words) The Trump administration has warned that it could take years for refunds to be paid out for tariffs that the Supreme Court ruled are illegal. Federal Express on Monday sued the U.S. government, seeking a "full refund" of the money the…...
Trading volumes have surged in leveraged funds, options since the pandemic, data shows
8+ hour, 20+ min ago (520+ words) Speculative investing tools have boomed in popularity since the Covid pandemic as more retail traders have entered the market, according to forthcoming data shared exclusively with CNBC. Leveraged and inverse funds are expected to see average daily trading volumes of…...
Supreme Court ruling throws Trump administration's tariff strategy into flux. What it means for global trade, U.S. economy
8+ hour, 33+ min ago (734+ words) The Supreme Court struck down U.S. President Donald Trump's tariffs on Friday, but the trade tax turmoil is far from over. Fallout over the ruling is already threatening to further strain global trade relations, and the U.S. economy is likely to suffer,…...
'Old economy' stocks look expensive and software screams cheap. Is that enough to end the rotation?
9+ hour, 33+ min ago (22+ words) Some sectors in the S&P 500 have valuations out of step with their history. That doesn't mean the shakeup will stop soon....