Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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AI buildout gives tech investors new reasons to watch bond market
Tech giants are depleting cash reserves and raising debt in their ambitious data center buildouts, a dynamic that’s forcing investors to watch interest rates.
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SNAP restrictions could change what shoppers buy — and food giants are watching
SNAP food restrictions are spreading to more states, pressuring major food and beverage as consumers shift spending away from soda, candy and processed foods.
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Kennedy Center says it isn’t required to reschedule shows after judge blocks 2-year closure
Kennedy Center lawyers said the institution plans to “maintain an operational model” after July 5, when it initially was scheduled to shutter for renovations.
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Goldman Sachs is betting that a recent merger will drive sharp gains for this travel stock
The bank this week upgraded the airline to buy from neutral.
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Five top tech stocks with major upside, Bank of America says
Bank of America reveals its top tech stocks heading into the second half.
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Massive bonuses for South Korea’s chip workers puts central bank on inflation alert
Workers from tech industries receive bonus worth millions of won, prompting the Bank of Korea to warn of the upward pressure to inflation.
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Iran closes Strait of Hormuz again and says its negotiating team is heading to Switzerland
Iran’s joint military command said the Strait of Hormuz was closed, citing in part U.S. “bad faith” and “its clear breach of its commitments.”
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Trump unveils the new Air Force One, a converted Qatari jet
The gift from Qatar is serving as a so-called “bridge” aircraft to carry the president until the new planes ordered directly from Boeing arrive.
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DOJ rebuffs judge’s request to put in writing it won’t move forward with ‘anti-weaponization’ fund
The DOJ in May announced it was creating the fund as part of a settlement of President Donald Trump’s $10 billion lawsuit against the Internal Revenue Service.
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Fedspeak vs. war deal: Here are the things that drove this week’s stock market
The S&P 500 surged on Thursday, making up for losses seen after central bankers convened.
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