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The US dollar is on track for a modest weekly gain as investors balance the Federal Reserve’s hawkish tone with persistent concerns about the US economy.   The dollar began a five-day winning streak last week after Fed Chair Jerome Powell acknowledged the “risks” of further monetary easing, but it reversed sharply on Thursday following weak labor market data.   US Treasury yields also declined amid growing uncertainty caused by the ongoing government shutdown in Washington and the legal debate surrounding President Donald Trump’s proposed tariffs.   Mohit Kumar, economist at Jefferies, said: “The December Fed meeting is essentially a…

Taiwan’s Vice-President Hsiao Bi-khim gave a speech at the European Parliament in Brussels on Friday, in what organisers claimed made her the most senior official from Taipei to have spoken in a foreign legislature in which it does not have diplomatic recognition.Hsiao spoke at a private conference of lawmakers from around the world who advocate for tougher China policies, hosted in the parliament and unannounced, which is sure to provoke a furious response from Beijing.The No 2 leader told the gathering that “cross-Strait stability is not only a regional concern … it is a cornerstone of global prosperity”, as she…

In this Club Check-in, CNBC’s Paulina Likos and Zev Fima break down big tech’s massive artificial intelligence spending spree — debating whether these billion-dollar bets will drive long-term cost savings or weigh on near-term returns.Mega-cap tech companies are shelling out billions of dollars to build out AI infrastructure. The big question we’re asking is whether all this heavy spending will eventually pay off in efficiency or if Wall Street is right to worry about how much they’re burning through in the short term.Concerns about AI-stock valuations seeped into the market this week and slammed stocks.Many major tech companies —including the…

Major Wall Street indexes extended losses for a second straight session on Friday, heading for weekly declines as mounting concerns over the economy and stretched valuations in technology stocks weighed on investor sentiment.   The tech-heavy Nasdaq fell nearly 2% on Thursday after top Wall Street executives warned earlier in the week that the market could be approaching a sharp correction.   Both the S&P 500 and Dow Jones Industrial Average appeared on track for their largest weekly losses in four weeks, while the Nasdaq was heading for its worst week since March.   Sam Stovall, chief investment strategist at…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. The S & P 500 is down more than 1% Friday, on pace for a weekly loss of over 2%. The stock market has been pressured by AI trade valuation concerns, the government shutdown — and related air travel cuts — and massive layoffs in October. Meanwhile, a University of Michigan survey Friday showed that consumer sentiment hit its lowest level in more than three years as the shutdown drags on. “If we get…

The Privatisation Commission Board approved on Friday the inclusion of AKD Group Holdings (Pvt.) Ltd in the Arif Habib Corporation Limited (AHCL)-led consortium – one of the four pre-qualified parties participating in the privatisation process of the Pakistan International Airlines Corporation Limited (PIACL). “This inclusion is permissible under the conditions stipulated in the Statement of Qualifications (SOQs),” the Privatisation Commission (PC) said in a statement released after the board’s 242nd meeting held under the chairmanship of Muhammad Ali, Adviser to the Prime Minister on Privatisation. During the meeting, the board “made significant decisions regarding the ongoing privatisation initiatives of the…

U.S. small businesses are reeling under the weight of President Donald Trump’s tariffs.Unlike large retailers, many of which have the resources and scale to blunt the effects of higher costs, many small companies facing bigger tariff bills are struggling to survive.Eunice Byun, the CEO of Material Kitchen, a small business that sells kitchenware for the home, said the complexity of her supply chain has increased tenfold.”We’ve definitely taken it on the chin year-over-year in terms of our top line revenue,” Byun told CNBC.Anjali Bhargava, the owner of Anjali’s Cup, which sells chai concentrate and turmeric blends, said the current economic…

The US dollar is on track for a modest weekly gain as investors balance the Federal Reserve’s hawkish tone with persistent concerns about the US economy.   The dollar began a five-day winning streak last week after Fed Chair Jerome Powell acknowledged the “risks” of further monetary easing, but it reversed sharply on Thursday following weak labor market data.   US Treasury yields also declined amid growing uncertainty caused by the ongoing government shutdown in Washington and the legal debate surrounding President Donald Trump’s proposed tariffs.   Mohit Kumar, economist at Jefferies, said: “The December Fed meeting is essentially a…

China has completed ground and altitude tests of an adaptive cycle engine prototype with unprecedented thrust, efficiency and speed range, according to presentations at the Chinese Society of Engineering Thermophysics annual conference in Beijing last week.During the opening day report, Xu Gang, deputy director of the Institute of Engineering Thermophysics at the Chinese Academy of Sciences, presented his team’s research progress in adaptive cycle engine (ACE) technology.This advanced engine is poised to become the ideal power plant for next-generation fighter aircraft and future supersonic civilian transport, challenging a field long dominated by the United States.Xu said in his report summary…

The US dollar is on track for a modest weekly gain as investors balance the Federal Reserve’s hawkish tone with persistent concerns about the US economy.   The dollar began a five-day winning streak last week after Fed Chair Jerome Powell acknowledged the “risks” of further monetary easing, but it reversed sharply on Thursday following weak labor market data.   US Treasury yields also declined amid growing uncertainty caused by the ongoing government shutdown in Washington and the legal debate surrounding President Donald Trump’s proposed tariffs.   Mohit Kumar, economist at Jefferies, said: “The December Fed meeting is essentially a…