Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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CNBC Daily Open: Chips are down, OpenAI’s woos the White House, and Russia strikes
Global stocks take their cue from a chip-led sell-off on Wall Street as OpenAI reportedly considers selling a stake to the U.S. government.
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Tank maker KNDS postpones IPO amid market struggles for defense
Shareholders of the Amsterdam-based company have decided the process to IPO will proceed “upon the return of more favorable market conditions,” KNDS said.
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Volkswagen braces for boardroom showdown over historic cost-cutting plan
Volkswagen is poised for a boardroom showdown following reports that the auto giant is weighing up shutting four factories and implementing 100,000 job cuts.
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Amazon is designing its own AI chips for Echo, Fire TV and future devices, exec tells CNBC
Amazon hardware chief Panos Panay says the company is designing custom chips for key devices as it experiments with AI gadgets.
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Russia launches massive strike on Ukraine as Poland scrambles jets, Finland restricts airspace
The Russian defence ministry said that it launched a “massive strike using long-range precision air, land, and sea-based weapons and attack drones.”
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OpenAI proposes 5% stake to Trump administration to ease Washington pressure: report
Trump said in June that the U.S. taking an ownership stake in AI giants would be “a beautiful thing” and make American public “partners in this revolution.”
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Shares of BYD and Xiaomi surge as June delivery figures fuel optimism
Hong Kong-listed shares of Chinese electric vehicle makers surged, after companies posted June vehicle data that helped to buoy investor sentiment.
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The dollar looks ready to break higher. Here’s why Wall Street is turning bullish
The U.S. dollar may be emerging from nearly a year of stagnation, with analysts increasingly arguing that the world’s reserve currency is poised for a more sustained advance.
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Europe wants to rebalance trade with Beijing, but can’t quit Chinese air conditioners
An historic heat wave has driven unprecedented demand for Chinese-made air conditioners in Europe, underscoring the tough task Brussels faces in rebalancing trade with Beijing.
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CNBC Daily Open: Trump’s ‘best’ trade deal gets another look
The U.S. has not renewed the United States-Mexico-Canada Agreement, an agreement that President Donald Trump once called “the best agreement we’ve ever made.
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