Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming
Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.
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CNBC Daily Open: Nvidia may still be tech’s king, but Micron just stole a scene
Micron overtakes Nvidia and Meta to be Wall Street’s new margin king
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SK Hynix surges 11% after filing for blockbuster Nasdaq listing
Shares of South Korean chip giant SK Hynix surged 11% on Thursday after the company said it is seeking to raise as much as $29.4 billion.
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Buildings collapse as quakes rock Venezuela, ‘high casualties’ likely
A magnitude 7.2 earthquake struck about 160 km (100 miles) west of Caracas, with a magnitude 7.5 tremor hitting less than a minute later, according to the U.S. Geological Survey (USGS).
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Inside India newsletter: Meet the humans teaching robots to perform routine tasks, as India finds a way to enter the AI race
Several companies have cropped up in India providing video training data made by humans that is being used to teach robots in the U.S. and China.
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Chip supply to stay constrained ‘beyond 2027,’ Micron executives say
Demand driven by artificial intelligence will keep conditions tight beyond calendar year 2027, said CEO Sanjay Mehrotra.
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South Korea’s IPO bust clouds equity markets as Chaebol structure restrains listings
South Korea’s IPO activity has lagged that of its regional peers as the structure of the market and governance reforms collide.
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Micron is tech’s new margin king as memory crisis pushes company past Nvidia and Meta
Micron said in its earnings report that its gross margin jumped to 84.9% from 39% a year ago.
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S&P 500 futures rise as Micron bounces after earnings; Wall Street awaits key inflation reading: Live updates
May’s personal consumption expenditures price index reading, the Fed’s preferred inflation gauge, comes out at 8:30 a.m. on Thursday morning.
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Trump meets defense CEOs as Iran operations strain U.S. missile stockpiles
The White House is pressing major defense firms to expand missile and munitions output as Iran talks and weapons stockpile concerns put new pressure on the Pentagon’s industrial base.
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