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Nvidia CEO Jensen Huang downplayed the negative impact from President Donald Trump’s tariffs, saying there won’t be any significant damage in the short run. “We’ve got a lot of AI to build… AI is the foundation, the operating system of every industry going forward. … We are enthusiastic about building in America,” Huang said Wednesday…
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Jonathan Nicholson | NurPhoto | Getty Images The British unit of Spanish lender Banco Santander on Wednesday said 750 of its staff were at risk of redundancy as it targets 95 branch closures in the U.K. The decision is part of the bank’s broader plans to update its presence from June 2025 and will bring…
Spencer Platt | Getty Images Individual investors, whose assets are more tied to the stock market than ever, have abandoned their tried-and-true dip-buying mentality as the S&P 500 recently fell into a painful, 10% correction. Retail outflows from U.S. equities rose to about $4 billion over the past two weeks as tariff chaos and mounting…
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Texas is continuing to stake a claim as a rival to Wall Street as a key financial hub in the United States, with Gov. Greg Abbott on Tuesday saying his state has a “stronger brand than New York.” “Capital Markets are realizing that the place to be is Texas,” Abbott said on CNBC’s “Squawk Box.”…
Respondents to the March CNBC Fed Survey have raised the risk of recession to the highest level in six months, cut their growth forecast for 2025 and raised their inflation outlook. Much of the change appears to stem from concern over fiscal policies from the Trump administration, especially tariffs, which are now seen by them…
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