Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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The AI boom is colliding with a new threat: severe weather
Heatwaves and severe weather are raising risks for AI data centers, from grid strain to higher insurance and repair costs.
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Baidu shares jump 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO
Baidu’s Hong Kong-listed shares rose over 6% amid reports that its AI chip unit Kunlunxin is targeting a $50 billion initial public offering in the city.
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China widens Japan export curbs, targeting drone makers, nuclear firms and defense institutes
China blacklisted four of Japan’s government defense research institutes and placed dozens more Japanese firms under tightened export restrictions Monday.
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Bitcoin at ‘critical technical battleground’ with potential 30% further drop, strategists say
Bitcoin’s $60,000 level will be critical to watch in the coming months, one strategist says. Another sees downside to $40,000.
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Samsung, SK Hynix shares fall as investors brace for reported $1.3 trillion spending plans
Shares of Samsung Electronics and SK Hynix plunged after reports surfaced that the pair are expected to unveil investment plans worth hundreds of billions of dollars.
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CNBC Daily Open: Another weekend escalation in Iran, another market shrug
Tensions in the Middle East flared again over the weekend, but markets appeared largely unfazed, with investors instead turning to a tech recovery rally.
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Oil rises as renewed U.S.-Iran strikes reignite Middle East supply fears
Oil edged higher on Monday after renewed military strikes between the U.S. and Iran reignited concerns over crude supplies from the Middle East.
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Everything tied to the data center is suddenly suspect. Can Big Tech fix it?
The hyperscalers are just beginning to figure out the consequences of the AI arms race, and now everyone seems to be against them.
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Stock futures rise along with oil prices as traders weigh U.S. attacks on Iran over the weekend: Live updates
Wall Street is coming off a mixed week, characterized by a rotation out of tech and into other parts of the stock market.
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America can’t get enough of protein. The dairy industry can’t keep up
Demand for whey protein is off the charts as American diet trends change and GLP-1s boom, and the dairy industry is struggling to produce enough.
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