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A customer bought products at a HEB groceries on February 12, 2025 in Austin, Texas.
Brandon Bell | Getty images
CNBC will organize “Converge Live”, an opening event of thought leadership from March 12 to 13, 2025, in Singapore, where global business leaders, entrepreneurs, investors and key decision makers will discuss what it means to innovate and grow collaborating and sharing ideas in all industries.
The spectators can see the live broadcast of the event and listen to speakers, including the Vice Prime Minister of Singapore, Kim Yong Gan, the president of the Alibaba group, Joe Tsai, the founder of Bridgewater Associates, Ray Dalio, and the CEO, president and co -founder Marc Benioff and others here.
A gentle inflation report softer than expected provided some comfort to investors, who have been thrown out of disorder for commercial policy ads in constant change of the White House. If inflation continues with a downward trend, it also gives the United States Federal Reserve to reduce interest rates if the economy seems to be starting to advance.
Most analysts do not predict a recession for now, although the possibilities of one happens in the US.
That said, the rates of 25% of the president of the United States, Donald Trump, about the imports of steel and aluminum to the United States, regardless of their country of origin, just kicking Wednesday. Commercial partners have already responded in kind. Such taxes could stop the global economy, or remodel it in one where the United States no longer occupies the center.
What you need to know today
The highlight of CNBC Converge Live
CNBC is staying Converge in vivo In Singapore on Wednesdays and Thursdays. The most prominent aspects of day 2 so far include former United Kingdom Prime Minister David Cameron who says that Trump’s approach on peace in Ukraine is ‘Very worrying “for the residents of Russia; Kishore Mahbubani, former Singapore ambassador to the United Nations, discussing the possibility of the United States doing “a big commercial problem” with China; and the CEO of Ferrari, Benedetto Vigna, saying that the company is monitoring Trump’s tariffs and “Ready with some countermeasures. “Follow the action of day 2 live here.
Inflation in February cools
He US Consumer Price Index. UU. Increased 0.2% adjusted seasonally for February, which puts the annual inflation rate by 2.8%, the United States Labor Statistics Office reported Wednesday. Excluding food and energy prices, the central ICC also increased 0.2% in the month and was 3.1% in a base of 12 months, the lowest reading since April 2021. All figures were 0.1 percentage points less than expected by a survey of Dow Jones economists.
The fees war is heated
Canada Impose 25% tariffs on more than $ 20 billion in US goods.Canadian finance minister Dominic Leblanc said at a press conference on Wednesday. The rates will come into force on Thursday and join 25% of counter-tarifa imposed in the United States on March 4. Separately, business and political leaders, such as the founder of Bridgewater, Ray Dalio, and the former Prime Minister of the United Kingdom, David Cameron ,, Warehouses issued on Trump’s rates In CNBC’s Converge in vivo.
The new CEO of Intel
Intel saying on Wednesday he had designated Lip-bu as its new CEO. It will replace the internal co-ce-cebos David Zinsner and MJ Holthaus, who took care in December when the former CEO of Intel Patrick Gelsinger was expelled. The CEO of Cadence Design Systems was previously, which makes the software use all the main chips designers, including Intel. The actions of the chips manufacturer increased up to 12% in the extended trade.
Most of the reference points break the los loracu
American markets recovered mostly on Wednesday In a benign inflation report. He S&P 500 0.49%rose, the Dow Jones industrial submerged 0.2% and the Nasdaq compound 1.22%was added. Meanwhile, former United States Treasury Secretary Steven Mnuchin. It is not an indication that “the economy is in trouble“Even as the country The budget deficit shot at $ 1 billion in February. Asia-Pacific markets are negotiated Mixed Thursday. Actions of Seven & I Holdings It jumped up to 3.6%, since investors evaluate the operator of the Canadian convenience store Puchero power supply Press conference on its planned acquisition of the company.
(PRO) Tesla’s actions could fall 50%, says the analyst
JPMorgan forecast an even greater fall to Tesla The actions in the middle of boycots and growing protests worldwide. The analyst Ryan Brinkman reduced his target price in the share at $ 120 of $ 135, which implies that the shares sink around 52% since the closing of Wednesday of $ 248.09. Here is why it is pessimistic about The prospects for Elon Musk’s electric vehicle company.
And finally …
The Suncor energy refinery is seen during extreme cold climate in Edmonton, AB, Canada, on February 3, 2025.
Artur Widak | Nurphoto | Getty images
The deeply integrated North American gas and oil market is found in Crossroads, with the largest oil producer in Canada warning that it will diversify its exports away from the United States if the tariff threats of President Trump do not end.
Alberta Prime Minister Danielle Smith presented on Wednesday two possible futures for the continent. In one, Canada and the United States arrive at an agreement to create “North America strength”, with a new pipeline built to support 2 million barrels per day in additional exports to the US market, Smith said at the Ceraweek energy conference.
In the other future, Trump continues to fight its commercial war against Canada and Alberta begins to search for oil and gas clients beyond the United States, said Smith.
