The S&P 500 slid on Thursday, dragged down by falling Tesla shares. The EV company tumbled more than 14%. Here’s what’s on CNBC’s radar going into Friday. [title_words_as_hashtags
“This latest trade war with China, is the type of disturbance that Apple has long been trying to prepare itself for,” says Le Xuan Chiew, a research manager at Omdia. Kevin Carter | Getty Images News | Getty Images Shipments of iPhones from India to the U.S. rose 76% in April year on year, estimates…
Traders work on the floor of the New York Stock Exchange on May 21, 2025. NYSE Stock futures jumped Monday night after President Donald Trump said over the holiday weekend that he agreed to delay tariffs of 50% on the European Union. Dow Jones Industrial Average futures added 450 points points, or 1.1%. S&P 500…
OpenAI CEO Sam Altman called Jony Ive “the greatest designer in the world” on Wednesday after announcing his company’s plan to buy Ive’s artificial intelligence device startup io, in a deal worth $6.4 billion. The deal signals OpenAI’s intention to build consumer devices, likely meant to get more people using its AI services regularly. Altman…
President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled. The steep new import duties would start on June 1, Trump wrote on Truth Social. The EU “has been very difficult to deal with,” Trump wrote of the 27-nation bloc. “Our…
People stand in front of an Apple store in Beijing, China, on April 9, 2025. Tingshu Wang | Reuters Apple on Friday raised the amount of money people can get off their next iPhone in China by trading in their old device, rolling out further incentives to spur demand in a crucial market. The iPhone…
OpenAI is betting a new “era” of computing will justify the company’s decision to spend billions of dollars on bespoke hardware to go with it, Chief Financial Officer Sarah Friar said. The artificial intelligence startup, best known for the ChatGPT chatbot, announced plans on Wednesday to buy iPhone designer Jony Ive’s devices startup io for…
Behind highly secured doors in a giant lab in the Netherlands, there’s a machine that’s transforming how microchips are made. ASML spent nearly a decade developing High NA, which stands for high numerical aperture. With a price tag of more than $400 million, it’s the world’s most advanced and expensive chipmaking machine. CNBC went to…
Nike shoes are seen in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | Reuters Nike will resume selling its products…
Apple CEO Tim Cook, left, and Apple chief design officer Jony Ive look at the new Mac Pro during the 2019 Apple Worldwide Developer Conference, or WWDC, at the San Jose Convention Center in San Jose, California, June 3, 2019. Justin Sullivan | Getty Images Before Jony Ive left Apple in 2019, no major Apple…
