Author: Daniel snow

[ad_1] A Nike store in Hanoi, Vietnam, on July 3, 2025.Nhac Nguyen | Afp | Getty Images If I had to choose between having a job and paying less for Nike shoes, you’d see me running barefoot to the office. Wednesday’s market moves, however, suggested that Wall Street preferred the cheaper shoes.  The U.S. economy lost private sector jobs in June, the first time hiring had contracted since March 2023, according to payrolls processing firm ADP. It’s even more startling because a Dow Jones survey of economists had pegged job numbers to expand by 100,000.Meanwhile, U.S. President Donald Trump announced…

[ad_1] Founded in 2022, ElevenLabs is an AI voice generation startup based in London. It competes with the likes of Speechmatics and Hume AI.Sopa Images | Lightrocket | Getty ImagesLONDON — ElevenLabs, a London-based startup that specializes in generating synthetic voices through artificial intelligence, has revealed plans to be IPO-ready within five years.The company told CNBC it is targeting major global expansion as it prepares for an initial public offering.”We expect to build more hubs in Europe, Asia and South America, and just keep scaling,” Mati Staniszewski, ElevenLabs’ CEO and co-founder, told CNBC in an interview at the firm’s London…

[ad_1] It remains to be seen if Washington has learned enough of a lesson to destroy Iran’s remaining nuclear infrastructure. [ad_2] Source link

[ad_1] Asia FX treads water; dollar steady with Trump tax bill, nonfarm payrolls in focus [ad_2] Source link

[ad_1] Synopsys logo is seen displayed on a smartphone with the flag of China in the background. Sopa Images | Lightrocket | Getty ImagesThe U.S. government has rescinded its export restrictions on chip design software to China, U.S.-based Synopsys announced Thursday. “Synopsys is working to restore access to the recently restricted products in China,” it said in a statement. The U.S. had reportedly told several chip design software companies, including Synopsys, in May that they were required to obtain licenses before exporting goods, such as software and chemicals for semiconductors, to China. The U.S. Commerce Department did not immediately respond to a request…

[ad_1] Robin Zeng, founder and chairman of Contemporary Amperex Technology Co. Ltd. (CATL), third right, strikes a gong as Paul Chan, Hong Kong’s financial secretary, second right, and Bonnie Chan, chief executive officer of Hong Kong Exchanges & Clearing Ltd. (HKEX), right, applaud during the CATL listing ceremony at the Hong Kong Stock Exchange in Hong Kong, China, on Tuesday, May 20, 2025. Paul Yeung | Bloomberg | Getty ImagesInvestors and businesses’ enthusiasm for Hong Kong’s equity capital markets is roaring back, as Chinese companies flocked to the city for fundraising, sparking a frenzy in the market that had been…

[ad_1] The maker of monitoring software for businesses will replace Juniper Networks, a fellow information-technology company that was just acquired by HPE. [ad_2] Source link

[ad_1] The Datadog stand is being displayed on day one of the AWS Summit Seoul 2024 at the COEX Convention and Exhibition Center in Seoul, South Korea, on May 16, 2024.Chris Jung | Nurphoto | Getty ImagesDatadog shares were up 10% in extended trading on Wednesday after S&P Global said the monitoring software provider will replace Juniper Networks in the S&P 500 U.S. stock index.S&P Global is making the change effective before the beginning of trading on July 9, according to a statement.Computer server maker Hewlett Packard Enterprise, also a constituent of the index, said earlier on Wednesday that it…

[ad_1] CNBC’s Jim Cramer on Wednesday discussed a couple broad ideas that he thinks are driving market action, saying it’s important to understand trends and impactful current events.”You know why I first got into this whacky business? Stories, stories that’s why,” Cramer said. “Tremendous, intriguing stories, tales that could explain what’s going to happen — and you could actually make a little money from them. That’s what’s happening right now, and the stories are driving much of this action.”According to Cramer, Wall Street is at “an inflection point.” He said investors can focus on “minutiae,” like job losses in healthcare,…

[ad_1] The hip-hop mogul has already seen his net worth plummet from $900 million to $400 million, according to one estimate. [ad_2] Source link