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This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Hero to zeroStock investors didn’t end up getting the post-Nvidia earnings market bounce they hoped for. After opening yesterday’s trading session higher, stocks took a dramatic midday tumble, once again casting doubt on the artificial intelligence trade.Here’s what to know:Nvidia shares gave up their 5% post-earnings gain, ending the session down more than 3% despite the chipmaker’s blockbuster quarterly results and guidance. The AI darling’s stock is on track to finish the week down…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.In 1989, Byron Trott was working at Goldman Sachs in the private wealth management division when he paid a visit to Jack Taylor, the founder of Enterprise Rent-A-Car Company.”Jack was there with his son, Andy, who was running the company,” Trott said. “And they said to me, ‘Sport, I don’t know who told you we have any money, but we are 10 to 1 levered on our business.’ Now,…

The opening ceremony of the Global Panda Partners 2025 conference is held in Chengdu, southwest China’s Sichuan Province, Nov. 21, 2025. The Global Panda Partners 2025 conference opened here on Friday. (Xinhua/Wang Xi)CHENGDU, Nov. 21 (Xinhua) — Experts, officials and representatives from over 30 countries and regions gathered Friday in Chengdu, southwest China’s Sichuan Province, for the opening of the Global Panda Partners Conference 2025.Themed “Working Together to Protect, Build, and Share,” the conference serves as an academic, open and international exchange platform aimed at building global consensus on ecological protection and green development.The opening ceremony saw the release of…

Pakistan and Hungary on Thursday signed a renewed Memorandum of Understanding (MoU) to extend and expand educational cooperation. Photo: APP BRUSSELS: Pakistan and Hungary on Thursday signed a renewed Memorandum of Understanding (MoU) to extend and expand educational cooperation under the Stipendium Hungaricum Programme for 2026–2028, marking a major boost for academic opportunities available to Pakistani students. Deputy Prime Minister and Foreign Minister Ishaq Dar and Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó signed the agreement, which formalises continued cooperation between the two governments in providing scholarships across undergraduate, graduate, and doctoral levels. The Stipendium Hungaricum Programme —…

Maskot | Maskot | Getty ImagesIn November 2022, Beth Pinsker’s 76-year-old mother began to get sick.Ann Pinsker, an otherwise healthy woman, had elected to have a spinal surgery to preserve her ability to walk after having back issues. What Ann and Beth had thought would be a straightforward recovery process instead yielded complications and infections, landing Ann in one assisted living facility after another as her daughter navigated her care.Eventually, by July of the following year, Ann died.”We thought she’d be back up to speed a few weeks after hospital stay, rehab, home, but she had complications, and it was…

Amin Vahdat, VP of Machine Learning, Systems and Cloud AI at Google, holds up TPU Version 4 at Google headquarters in Mountain View, California, on July 23, 2024.Marc GanleyGoogle ‘s AI infrastructure boss told employees that the company has to double its compute capacity every six months in order to meet demand for artificial intelligence services. At an all-hands meeting on Nov. 6, Amin Vahdat, a vice president at Google Cloud, gave a presentation, viewed by CNBC, titled “AI Infrastructure,” which included a slide on “AI compute demand.” The slide said, “Now we must double every 6 months…. the next…

Flags are raised during the closing ceremony of China’s 15th National Games in Shenzhen, south China’s Guangdong Province, Nov. 21, 2025. (Xinhua/Li Ziheng)Photo taken on Nov. 21, 2025 shows the general view of the closing ceremony of China’s 15th National Games in Shenzhen, south China’s Guangdong Province. (Xinhua/Li Zhipeng)Photo taken on Nov. 21, 2025 shows the general view of the closing ceremony of China’s 15th National Games in Shenzhen, south China’s Guangdong Province. (Xinhua/Chen Sihan)Photo taken on Nov. 21, 2025 shows the Chinese national flag at the closing ceremony of China’s 15th National Games in Shenzhen, south China’s Guangdong Province.…

Governor Tessori has called for swift approval of the grant, emphasizing the importance of timely intervention to address the city’s long-standing infrastructure challenges. PHOTO: GOVERNOR FB PAGE LAHORE: Pakistan Peoples Party (PPP) has demanded the removal of Sindh Governor Kamran Khan Tessori to implement the governorship formula agreed upon prior to the formation of the current government, while also denying the existence of any half-term formula for Balochistan. Speaking to The Express Tribune, Sindh Government spokesperson MPA Sadia Javeed said that the formula agreed with PPP before the government’s formation stipulated that two governors would belong to PPP and two…

The Amazon Puget Sound Headquarters is pictured on Oct. 28, 2025 in Seattle, Washington.Stephen Brashear | Getty ImagesAmazon’s 14,000-plus layoffs announced last month touched almost every piece of the company’s sprawling business, from cloud computing and devices to advertising, retail and grocery stores. But one job category bore the brunt of cuts more than others: engineers. Documents filed in New York, California, New Jersey and Amazon’s home state of Washington showed that nearly 40% of the more than 4,700 job cuts in those states were engineering roles. The data was reported by Amazon in Worker Adjustment and Retraining Notification (WARN)…

Legislation includes financial measures such as microfinance, credit, insurance, and emergency support PESHAWAR: Khyber-Pakhtunkhwa is set to formally regulate and protect the livelihoods of street vendors, following the completion of a landmark draft legislation, Chief Minister Muhammad Sohail Afridi announced on Wednesday. The Ehsaas Rehribaan (Street Vendors) Livelihood Protection Bill 2025, once approved by the provincial cabinet and ratified by the Assembly, aims to incorporate more than 140,000 street vendors into a legal framework that safeguards their rights, regulates vending spaces, and integrates them into the formal economy. Speaking at a press briefing, Chief Minister Afridi described the legislation as…