Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Catching up in the AI race? India gets its second AI unicorn in a month
Two Indian AI startups have become unicorns in a month, which has raised hopes that the country could shed its reputation as an AI laggard.
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Iran warns U.S. of Hormuz ‘red line,’ says it will retaliate to Trump’s strike threats
Trump warned that the U.S. will target Iranian infrastructure next week if negotiations do not resume.
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Foreign investors sweeten on Indian government bonds as equities see a sell-off
The Indian government bond market is drawing interest from foreign investors as it readies for a likely inclusion in Bloomberg index.
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Ukraine’s Zelenskyy ousts defense minister in surprise shake-up as protest calls emerge
The move sparked some to call for a peaceful protest and comes shortly after Ukraine’s parliament accepted the resignation of Prime Minister Yulia Svyrydenko.
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CNBC Daily Open: A Messi end for England
England’s semi-final loss will sting for fans but won’t hurt markets, where the volatility is still centered around the chip space.
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TSMC second-quarter profit jumps over 23% sequentially, beating estimates, on high-end chip boom
TSMC announced a second-quarter profit, following its June revenue figures released earlier this week.
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U.S. slaps 25% tariff on most Brazilian goods over ‘unfair trade practices’
A separate U.S. probe into forced-labor enforcement could see an additional 12.5% duty on Brazilian goods on top of the 25%, with the decision due next week.
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Alibaba and Baidu shares jump in Hong Kong on Apple AI partnership
The technological rivalry between China and the U.S. has intensified, as they race for AI dominance.
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Ex-Fed advisor gets over three years in prison for lying about China ties
The case marks one of the most prominent U.S. prosecutions alleging Chinese intelligence targeting of U.S. institutions, as Trump intensifies its pursuit of foreign economic espionage.
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CNBC Daily Open: Big Tech rally drowns out Iran war fears — Buffett urges caution
Stocks closed higher on Big Tech gains and a surprise drop in wholesale prices, shrugging off fresh U.S. strikes on Iran, a naval blockade.
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