Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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South Korea’s biggest chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing
The company plans to issue 17.79 million new shares at a value of 45.45 trillion won ($29.65 billion).
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France suffers major power outage as Europe sizzles in record-breaking heat
A heat-related power outage left around 68,000 homes without electricity in western France as record-breaking heat sweeps Europe.
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BlackBerry has morphed into a ‘mission critical’ player in tech, making it a buy, says Stifel
The investment firm initiated coverage of BlackBerry with a buy rating.
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Tech companies would have to pay AI data center energy costs under bill moving in Congress
A House subcommittee may advance legislation Wednesday to make tech companies pay the energy costs for operating data centers to power AI.
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Treasury yields dip as oil falls to pre-war levels
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell over 1 basis point to 4.479%.
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Defense stocks plummet after Germany to scrap warship plans; Rheinmetall stock down 13%
Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times.
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UK prime minister: An impossible job?
A country once known for political stability now looks almost ungovernable.
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Defense giant KNDS plans IPO in Paris and Frankfurt
KNDS plans to list shares in Paris and Frankfurt, with current shareholders expected to sell up to 20% of existing share capital.
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Morgan Stanley doubles China humanoid robot shipment forecast as commercialization accelerates
Morgan Stanley has sharply raised its outlook for China’s humanoid robotics market, as early commercial deployment in real-world scenarios accelerated.
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CNBC Daily Open: Trump takes on big oil
President Trump accuses energy companies of price “gouging” customers by keeping oil prices at the pump higher.
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