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Russian gas producer Gazprom's first-half profit reached 864 billion roubles ($10 billion) around 12% lower than a year ago, the company said on Friday, citing the impact of a stronger rouble.
U.S. natural gas futures for October fell, as late summer temperatures continue to support prices, with high to very high demand seen for the next two weeks.
Federal Reserve Chairman Kevin Warsh speaks from the annual Jackson Hole Economic Policy Symposium.
CNBC's Steve Liesman and Kenneth Rogoff, Harvard University economics professor and former IMF chief economist, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, Treasury's debt buyback program, what to expect from Fed Chairman Kevin Warsh later today at the Jackson Hole Economic Symposium, impact of growing U.S. debt, and more.
CXMT, China's largest chipmaker by market value, posted a sharp turnaround to profit in the first half on Friday in its first earnings release since listing, buoyed by surging prices and sales of its memory products amid rising global demand for computing power.
Wall Street's main indexes opened muted on Friday as the AI-driven rally lost momentum, with investors turning their attention to Federal Reserve Chair Kevin Warsh's first speech at the central bank's annual Jackson Hole symposium. The Dow Jones Industrial Average gained 85 points while the S&P 500 was up 0.09%.
“I would be hard pressed to describe broad financial conditions as restrictive,” the Fed chair says in a heavily anticipated debut speech.
China is flooding the world with cheap exports. An accord to revalue its currency might be the only solution.
In prepared remarks for his keynote address at the Jackson Hole Economic Policy Symposium, Warsh discussed his views on the current economic conditions.
Rep. Richard McCormick, R-Ga., reacts to President Trump renaming Lake Ontario to Lake America and analyzes the trade strategy and potential artificial intelligence chip tariffs on semiconductor stocks.
Edward Mills of Raymond James says investors aren't ready for the persistence of AI regulatory risks, which will continue regardless of who becomes the next president. He says data center builders are rushing to build now before capex dollars potentially dry up.
David Wagner of Aptus Capital Advisors says the data center trade may face sentiment-driven pressure in H2 2026, rather than fundamental weakness. He sees Nvidia share price reaching $275 in the coming months and notes circular financing not is not a red flag, but is a sign that the AI and compute industry is maturing.
Take-Two shares moved higher in premarket deals Friday, as analysts said they were bullish on the GTA 6 maker's parent company following a successful trailer launch. Apparent bandwidth issues at Netflix and gaming streaming platform Twitch indicated huge viewer interest in the game, which is due out in November, 13 years after the previous instalment.
Brookings Institution's Kyle Chan says Chinese AI models could gain ground by offering greater value at lower cost, even if they lag US rivals at the frontier. He also explains how China's AI companies are finding new ways to monetize open-source models.
Fed Chairman Kevin Warsh's speech from Jackson Hole this morning will likely be light on details and new insights, but the footnotes could offer important clues about his thinking, according to Jeffrey Roach, chief economist at LPL Financial.
