Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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SpaceX IPO is a ‘referendum’ on Musk, say market watchers
Friday’s hotly anticipated SpaceX market debut could prove a defining moment for capital markets — and serve as a “referendum” on Elon Musk’s leadership.
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Anthropic, OpenAI, other U.S. AI giants launch major London expansions amid talent and revenue scramble
The U.K. capital has become a key growth target for many of the world’s most talked about AI companies.
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U.S. becomes India’s top gas supplier, as Iran war cuts it off from the Gulf
India’s gas purchases from the U.S. have grown steadily, driven by Washington’s push to sell more American energy to the South Asian country.
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Treasury yields steady as investors monitor inflation data, U.S. strikes in Iran
U.S. Treasurys steadied Thursday, as investors monitored developments in the Middle East conflict ahead of further inflation data.
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AI mega-listings are ‘just the start,’ Razer CEO says, ahead of historic SpaceX IPO
Blockbuster public offerings from AI companies could be an enduring feature of the industry, Razer CEO Min-Liang Tan said Thursday, ahead of several mega IPOs.
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Private credit has ‘growing pains,’ but a Man Group exec sees opportunities in higher rates
Private credit is facing liquidity-related “growing pains,” but higher-for-longer interest rates could create attractive yield opportunities, Man Group said.
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Hugo Boss pops 7% after top shareholder Frasers launches $2 billion takeover offer
British retail group Frasers owns a roughly 26% stake in Hugo Boss.
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CNBC Daily Open: ECB heads for a hike amid Iran energy price pressures
The European Central Bank is expected to make its first interest rate hike in nearly three years amid increasing inflationary pressure due to the Iran war.
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Mercedes-Benz joins Europe’s defense push with anti-drone vehicle deal
Mercedes becomes the latest European carmaker to turn to the defense industry in the hope that partnerships can revive the auto industry’s ailing fortunes.
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KKR says AI productivity boom to keep on going — but warns of ‘extreme’ trend not seen since the 19th century
KKR said in its mid-year outlook Thursday that AI will drive economic growth for years to come, but only in specific sectors.
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