Business news

Asia markets seeing ‘unbelievable’ rush of capital, driving equity rallies and IPO frenzy

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Asia markets seeing ‘unbelievable’ rush of capital, driving equity rallies and IPO frenzy

Lujiazui Business Districk in Pudong, Shanghai, China. Liqun Liu | Construction Photography | Hulton Archive | Getty Images Asian equity markets are attracting global investors, with a surge in initial public offerings, rising cross-border flows, and accelerating deal activity underscoring the region’s growing importance in global capital markets, according to senior executives at JPMorgan and Goldman Sachs. … Read more

South Korean auto stocks fall after Trump hikes tariffs on trade deal approval delay

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South Korean auto stocks fall after Trump hikes tariffs on trade deal approval delay

Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea. Mongkol Chuewong | Moment | Getty Images Shares of South Korean autos tumbled Tuesday after U.S. President Donald Trump took aim at the country overnight, saying he would increase tariffs on Asia’s fourth-largest … Read more

Hyundai shares fall after Trump says tariffs on South Korean autos, pharma to rise to 25%

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Hyundai shares fall after Trump says tariffs on South Korean autos, pharma to rise to 25%

U.S. President Donald Trump speaks at the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 29, 2025. Tyrone Siu | Reuters President Donald Trump said Monday that he was increasing tariffs on imported autos, pharmaceuticals, and lumber from South Korea from 15% to 25% because of a delay in that country’s … Read more

Big winter storm to hit first quarter GDP. But it may give a boost to Costco and other stocks

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Big winter storm to hit first quarter GDP. But it may give a boost to Costco and other stocks

This weekend’s winter storm continues to affect much of the U.S., and could even have a material impact on gross domestic product — but there are some companies that are likely to be beneficiaries. The storm is continuing to make its presence felt on Monday, with wind and below-freezing temperatures lingering even after much of … Read more

Treasury cancels Booz Allen contracts after employee leaked Trump tax records; stock falls

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Treasury cancels Booz Allen contracts after employee leaked Trump tax records; stock falls

Treasury Secretary Scott Bessent on Monday said he had canceled all Treasury Department contracts with the consulting firm Booz Allen Hamilton, whose employee leaked the tax records of President Donald Trump, and the billionaires Jeff Bezos and Elon Musk, to media outlets. Booz Allen Hamilton’s stock price dropped by more than 10% on the heels … Read more

Trump sends Tom Homan to Minnesota to manage ICE after Alex Pretti killing

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Trump sends Tom Homan to Minnesota to manage ICE after Alex Pretti killing

White House Border Czar Tom Homan speaks on FOX News on the North Lawn of the White House on February 6, 2025 in Washington, DC.  Andrew Harnik | Getty Images Trump administration border czar Tom Homan will head to Minnesota to manage U.S. Immigration and Customs Enforcement’s on-the-ground operations there in the wake of Alex … Read more

Nvidia set to supplant Apple as TSMC’s top customer, signaling chip industry’s ‘changing dynamic’

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Nvidia set to supplant Apple as TSMC’s top customer, signaling chip industry’s ‘changing dynamic’

C.C. Wei, CEO of TSMC, and Jensen Huang, CEO of Nvidia, interact on stage during TSMC’s annual sports day in Hsinchu, Taiwan, Nov. 8, 2025. Ann Wang | Reuters When Jensen Huang first met Morris Chang decades ago, he told the founder of Taiwan Semiconductor Manufacturing Co. that one day Nvidia would be the chip … Read more

CoreWeave stock jumps 9% as Nvidia invests $2 billion to expand AI data center capacity

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CoreWeave stock jumps 9% as Nvidia invests billion to expand AI data center capacity

Michael Intrator, CEO of Coreweave, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. Oscar Molina | CNBC Shares of CoreWeave popped 9% in premarket trading on Monday after Nvidia announced it has invested $2 billion in the artificial intelligence infrastructure provider. Nvidia purchased CoreWeave Class A … Read more

Northeast gets last brunt of winter storm that brought ice, snow, cold to much of the U.S.

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Northeast gets last brunt of winter storm that brought ice, snow, cold to much of the U.S.

The U.S. work week opened with yet more snow dumping on the Northeast under the tail end of a colossal winter storm that brought ice and power outages, impassable roads, canceled flights and frigid cold to much of the southern and eastern United States. Deep snow — over a foot (30 centimeters) extending in a … Read more

Nvidia and Alphabet VC arms back AI startup Synthesia at $4 billion valuation

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Nvidia and Alphabet VC arms back AI startup Synthesia at billion valuation

Nvidia and Alphabet’s VC arms have backed British AI startup Synthesia in a $200 million funding round, amid a surge of private investment in promising young tech companies seeking to capitalize on the AI boom. The round sees Synthesia hit a $4 billion valuation and was led by Alphabet’s GV, with participation from Evantic, Hedosophia, … Read more