Author: MAK Gojar

Post Content   Post Content 

Post Content   Post Content 

The U.S. Senate on Monday confirmed Chris Wright, a fracking executive, to be President Donald Trump’s energy secretary.The U.S. Senate on Monday confirmed Chris Wright, a fracking executive, to be President Donald Trump’s energy secretary.    US engineer and businessman Chris Wright arrives to testify before a US Senate Energy and Natural Resources Committee hearing on his nomination to be Secretary of Energy, on Capitol Hill in Washington, DC, on January 15, 2025.  Ting Shen | Afp | Getty Images The U.S. Senate on Monday confirmed Chris Wright, a fracking executive, to be President Donald Trump’s energy secretary. The vote was 59-38, with seven Democrats and one Independent, who caucuses…

PDD-owned budget online retailer Temu and its rival Shein have relied on de minimis to maintain their rock bottom prices.PDD-owned budget online retailer Temu and its rival Shein have relied on de minimis to maintain their rock bottom prices.    In this article META PDD Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | Nurphoto | Getty Images Shares of Temu parent PDD Holdings closed down 5.9% on Monday, after President Donald Trump’s tariffs announcement signaled the end of a trade loophole used by the Chinese e-commerce giant and other online retailers. Trump on Saturday signed executive orders imposing 25% tariffs…

Asia’s “nascent capital market” needs a catalyst — but investors shouldn’t be deterred from investing in the region’s private markets, experts say.Asia’s “nascent capital market” needs a catalyst — but investors shouldn’t be deterred from investing in the region’s private markets, experts say.    The Shanghai skyline Zorazhuang | E+ | Getty Images Asia’s “nascent capital market” needs a catalyst to kickstart it, an expert said at a CNBC Delivering Alpha event last month. The solution to having more listings in Asia involves having more products, information, fund managers and even good issuers, according to Jenny Lee, founder and senior managing…

DeepSeek’s success represents a victory for open-source artificial intelligence models such as Meta’s Llama, industry experts told CNBC.DeepSeek’s success represents a victory for open-source artificial intelligence models such as Meta’s Llama, industry experts told CNBC.    In this article META Follow your favorite stocksCREATE FREE ACCOUNT Omer Taha Cetin | Anadolu | Getty Images DeepSeek’s powerful new artificial intelligence model isn’t just a win for China — it’s a victory for open-source versions of the tech from the likes of Meta, Databricks, Mistral and Hugging Face, according to industry experts who spoke with CNBC. Last month, DeepSeek released R1, an open-source reasoning…

Nintendo investors and fans are awaiting more details on the Switch 2, the successor to the company’s near eight-year-old Switch console.Nintendo investors and fans are awaiting more details on the Switch 2, the successor to the company’s near eight-year-old Switch console.    In this article 7974.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo on Tuesday reported weaker-than-expected top and bottom results for its fiscal third quarter, slashing its forecast for the Switch…

Flexport CEO Ryan Petersen detailed how his customers are dealing with a volatile global trade environment in a Monday interview with CNBC’s Jim Cramer.Flexport CEO Ryan Petersen detailed how his customers are dealing with a volatile global trade environment in a Monday interview with CNBC’s Jim Cramer.    As the market reels from ever-changing news about President Donald Trump’s tariff hikes, Flexport CEO Ryan Petersen detailed how his customers are dealing with a volatile global trade environment in a Monday interview with CNBC’s Jim Cramer. “It’s very hard to plan a supply chain when it’s changing day to day, so I…

The drinks maker has come under pressure from investors amid falling sales, management changes, and a broader trend toward reduced alcohol consumption.The drinks maker has come under pressure from investors amid falling sales, management changes, and a broader trend toward reduced alcohol consumption.    Bottles of Diageo-owned Johnnie Walker Red Label whisky in a supermarket in Chelmsford, UK, on Tuesday, Jan. 28, 2025.  Bloomberg | Getty Images Spirits maker Diageo said Tuesday that it is taking steps to deal with the potential impact of U.S. tariffs on key supply chain regions and has removed its medium-term guidance due to macroeconomic and…

China’s regulatory body said it would begin an antitrust investigation into Google over alleged anti-competitive market behavior.China’s regulatory body said it would begin an antitrust investigation into Google over alleged anti-competitive market behavior.    In this photo illustration, a Google logo is displayed on the screen of a smartphone.  Sopa Images | Lightrocket | Getty Images China said Tuesday it will launch an investigation into Google over alleged antitrust violations. The country’s State Administration for Market Regulation said that it would initiate an investigation into the technology giant because of alleged violations of China’s anti-monopoly law, according to a Google translation…

Human resources software firm Deel said it has hit an annual revenue run rate of $800 million as it ramps up preparations to go public.Human resources software firm Deel said it has hit an annual revenue run rate of $800 million as it ramps up preparations to go public.    Alex Bouaziz, CEO and co-founder of Deel, onstage at the Collision 2022 conference at Enercare Centre in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images Human resources software firm Deel said it has hit an annual revenue run rate of $800 million and is ramping up preparations to go public…

The impact of higher import duties varies across the portfolio. Some companies may even benefit.The impact of higher import duties varies across the portfolio. Some companies may even benefit.   President Donald Trump is focused on striking deals — and just before the 25% tariffs on Mexican imports to the U.S. were set to take effect this week, they were paused Monday. Trump halted the duties for one month after the country’s president, Claudia Sheinbaum, agreed to send 10,000 soldiers to the border to prevent drug trafficking from Mexico. And a few hours later, shortly after this story was originally published, Canadian…

UBS revealed plans for up to $3 billion of share repurchases over the course of 2025.UBS revealed plans for up to $3 billion of share repurchases over the course of 2025.    UBS shares lost ground after the lender’s fourth-quarter results and up to $3 billion share buyback plans failed to impress. Switzerland’s largest bank on Tuesday reported net profit attributable to shareholders of $770 million, compared with a $483 million estimate in a company-provided consensus estimate and with a mean forecast of $886.4 million in a LSEG poll of analysts. Group revenue over the period hit $11.635 billion, versus analyst…

Analysts liked what they heard from Palantir after the software company reported another strong quarter and issued rosy guidance.Analysts liked what they heard from Palantir after the software company reported another strong quarter and issued rosy guidance.   Analysts liked what they heard from Palantir after the software company reported another strong quarter and issued rosy guidance. The software platforms company reported revenue expansion of 36% in the fourth quarter, while CEO Alex Karp lauded its use of artificial intelligence to foster growth. The company’s earnings per share also topped analyst expectations. For the full year, Palantir expects sales in the range…

Bessent, a former hedge-fund manager, was confirmed as head of the Treasury Department last week.Bessent, a former hedge-fund manager, was confirmed as head of the Treasury Department last week.    Republican presidential nominee former President Donald Trump, left, listens as investor Scott Bessent speaks on the economy in Asheville, N.C., Wednesday, Aug. 14, 2024. Matt Kelley | AP President Donald Trump appointed Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection Bureau, Bessent announced Monday in a CFPB statement. Former Director Rohit Chopra on Saturday had posted a letter to Trump on social media platform X confirming that…

Musk’s SpaceX has won billions in government contracts with the federal government, which critics have said is a potential conflict of interest.Musk’s SpaceX has won billions in government contracts with the federal government, which critics have said is a potential conflict of interest.    Republican presidential nominee, former President Donald Trump offers his hand to Elon Musk back stage during a campaign rally at the Butler Farm Show grounds on October 05, 2024 in Butler, Pennsylvania.  Anna Moneymaker | Getty Images Elon Musk is serving in the Trump administration as a “special government employee,” according to a White House official. It’s…

The asset manager said this is its biggest fee cut ever and will save investors about $350 million this year.The asset manager said this is its biggest fee cut ever and will save investors about $350 million this year.    Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Asset management giant Vanguard announced broad fee cuts for many mutual funds and exchange-traded funds on Monday, reinforcing its standing as one of the cheapest options for investors. The move reduces fees on 87 different funds, and 168 total share classes of those funds. The average fee cut is 20% per…

The cost to rent is coming down faster in some areas of the U.S. than others. Here are some of the most and least affordable spots.The cost to rent is coming down faster in some areas of the U.S. than others. Here are some of the most and least affordable spots.    Vesnaandjic | E+ | Getty Images The cost to rent is coming down faster in some areas of the U.S. than others.  Overall, rent affordability is improving thanks to a combination of factors, said Daryl Fairweather, chief economist at Redfin. One is, there’s more supply. “There are more apartments for rent…

Palantir’s earnings report follows a historic rally in the stock last year.Palantir’s earnings report follows a historic rally in the stock last year.    In this article PLTR Follow your favorite stocksCREATE FREE ACCOUNT Alex Karp, CEO of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, on on March 7, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares surged as much as 22% in extended trading on Monday after the software company reported fourth-quarter earnings and revenue that surpassed Wall Street’s estimates. Here’s how Palantir did versus estimates from…

“Strongman” leaders in Europe — allied with the likes of President Donald Trump and Russia’s Vladimir Putin — look increasingly weak, analysts say.”Strongman” leaders in Europe — allied with the likes of President Donald Trump and Russia’s Vladimir Putin — look increasingly weak, analysts say.    Hungarian Prime Minister Viktor Orban looks on as he attends a press conference during the informal EU Summit at the Puskas Arena, in Budapest, Hungary, November 8, 2024.  Marton Monus | Reuters So-called “strongman” leaders of Europe — most of whom are allied with the likes of U.S. President Donald Trump and Russia’s Vladimir Putin…