Former Thai Prime Minister Thaksin Shinawatra, who is expected to be arrested upon his return as he ends almost two decades of self-imposed exile, waves at Don Mueang airport in Bangkok, Thailand August 22, 2023. R Athit Perawongmetha | Reuters The return of Thailand’s former prime minister Thaksin Shinawatra after […]
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Singapore’s Grab says its ride-hailing unit is on track to hit pre-Covid levels by the end of the year
Signages at the Grab Holdings Ltd. headquarters in Singapore, on Sunday, Aug. 20, 2023. Grab released earnings results on Aug. 23. Photographer: Ore Huiying/Bloomberg via Getty Images Ore Huiying | Bloomberg | Getty Images Singapore-based Grab said on Wednesday that its ride-hailing unit is on track to hit pre-Covid levels […]
Asian semiconductor stocks surge after Nvidia posts stellar second-quarter results
Aerial photo shows the factory of Taiwan Semiconductor Manufacturing Company (TSMC) in Nanjing, Jiangsu province, Aug 1, 2023. Costfoto | Nurphoto | Getty Images Semiconductor-related stocks in Asia surged after chipmaker Nvidia posted second-quarter results that beat estimates and issued optimistic guidance for the current period. Most notably, Nvidia’s performance […]
CEO of remote company shares what she looks for in work-from-anywhere hires: ‘This is a gamechanger’
When Juliana Chan decided to take her company fully remote in August, some managers reached out and said, “You are very brave to be going remote,” she recalled. “They are not wrong,” the founder and CEO of Wildtype Media, a STEM-focused media communications firm, told CNBC Make It. That’s because […]
China’s deflation could spill over into a global concern, economists say
SHENZHEN, CHINA – MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and stock bubble faces risk. (Photo by Zhong Zhi/Getty Images) Zhong Zhi | Getty Images News | Getty Images China’s economic […]
Boeing says a new 737 Max flaw will slow airplane deliveries
A person with an umbrella walks by a Boeing 737 Max fuselage parked outside the company’s production facility in Renton, Washington, January 10, 2020. Lindsey Wasson | Reuters Boeing said a new manufacturing flaw on its best-selling 737 Max will delay deliveries of its best-selling aircraft, the latest setback as […]
Nvidia’s blowout earnings report shows chipmaker is gobbling up all the profit in AI
Nvidia is on a tear, and it doesn’t seem to have an expiration date. Nvidia makes the graphics processors, or GPUs, that are needed to build AI applications like ChatGPT. In particular, there’s extreme demand for its highest-end AI chip, the H100, among tech companies right now. Nvidia’s overall sales […]
Judge denies Trump ex-chief Mark Meadows’ bid to avoid arrest in Georgia election case
Former Rep. Mark Meadows, R-N.C., speaks during a forum on House and GOP Conference rules for the 118th Congress, at the FreedomWorks office in Washington, D.C., on Monday, November 14, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images A judge on Wednesday denied former White House chief of […]
Nvidia again proves it’s an ‘own it, don’t trade it’ stock after delivering another blowout quarter
Nvidia (NVDA) shined once again with the release Wednesday of its second-quarter fiscal year 2024 results. Similar to its blowout first quarter, the artificial-intelligence chipmaker handily exceeded Wall Street’s expectations and offered a forecast that was well above already-lofty expectations — driving shares to another new all-time high in afterhours […]
With retail companies reporting consumer weakness, Cramer says stick with tech
CNBC’s Jim Cramer on Wednesday discussed Wall Street’s attitude toward consumer-focused companies, saying that consumer weakness has sent the stock of many companies shooting down. “When the consumer’s tapped out, or at least more frugal than she used to be, money managers don’t wait around: They flee like rats from […]