Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Martha’s Vineyard African American Film Festival set for record attendance despite macro challenges
MVAAFF founder Floyd Rance says the festival has found a sustainable audience on the Massachusetts island, helping it weather macroeconomic uncertainty.
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Solar stocks shine after Trump extends China tariffs to polysilicon products
Solar stocks rose in premarket trading President Donald Trump announced fresh import restrictions on polysilicon products.
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Yen rally fades a week after U.S.-Japan intervention as focus shifts to policy
The coordinated involvement from the Treasury and BoJ had initially lifted the yen as low as 155 to the dollar, down from just above 163 beforehand.
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Treasury yields hold steady ahead of key nonfarm payrolls, jobless data
Treasury yields were flat on Friday morning as traders await key labor market data.
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SK Hynix to invest $38 billion building new memory chip plants as demand soars
Memory prices have surged because of short supply and huge demand with investors watching closely for any changes to the supply-demand imbalance.
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Volkswagen controlling families call for faster overhaul to fend off Chinese rivals
Volkswagen’s top investor on Friday called on the auto giant to take immediate action to fend off intensifying competition from Chinese car brands.
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Europe’s wildfire ‘protection gap’ is growing, insurers warn
Insurers warn that Europe is facing a “protection gap” in wildfire cover as disaster recovery costs outpace insurance coverage.
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CNBC Daily Open: All the world’s a stage, but Trump’s ‘theater diplomacy’ takes the spotlight
Iran accused Trump of “theater diplomacy,” while also releasing a draft plan that would bar U.S. and Israeli ships from the Strait of Hormuz.
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Hormuz closure clouds China’s crude imports after they hit a 3-month high in July
China’s crude oil imports recorded a smaller decline in July, though the recovery may be short-lived, as the conflict drags on and demand remains soft.
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The 72-hour crisis that could upend Meta’s business in India as firm risks losing legal protection
U.S. social media giant Meta is facing increasing pressure from Indian regulators, including demands to revoke the firm’s safe harbor immunity in the country.
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