Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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SoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseat
SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations.
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Google is expanding its AI empire — and losing the people who built it
Google’s cloud boom is testing the company’s commitment to frontier AI as commercial returns take priority.
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Beijing flips the script on the U.S. tech war — and tests the truce weeks before Xi’s visit
China unleashed its broadest package of trade countermeasures since last October’s trade truce, pushing back against a string of recent U.S. restrictions.
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Asian tech stocks drop with SK Hynix plunging 10% after Wall Street AI names fall
Despite heightened volatility analysts remain optimistic over the outlook of the tech sector, with J.P. Morgan saying the tech sell-off had not derailed the AI investment cycle.
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Bain Capital to acquire bubble tea chain Gong cha as rival MBK grapples with regulatory pressure at home
Bain Capital announced it will acquire Gong cha as MBK faces regulatory pressure in South Korea.
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Asia tech sell-off has not derailed AI investment cycle, J.P. Morgan says
The recent 25%-30% correction in Asian tech stocks and the Philadelphia Semiconductor Index marks the third major drawdown since the upcycle began in late-2022.
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JPMorgan’s Jamie Dimon warns of high leverage: ‘Somebody will disrupt the market’
JPMorgan Chief Executive Officer Jamie Dimon warned that leverage across financial markets remains elevated, adding that investors should be mindful that hidden borrowing could amplify market disruptions.
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U.S. ready to return to ‘commitments,’ Iran says, after Trump signals deal is near
However, he denied that Tehran was in talks with Washington, despite claims by Trump to the contrary.
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CNBC Daily Open: Iran, Oman in talks on Hormuz; SpaceX is loyal to Nvidia on AI
Optimism over a Strait of Hormuz deal pushed the Dow to a record high and its fifth positive day in a row, while oil extends a cooling trend.
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Inside India newsletter: What’s behind India’s rush to sell shares in state-owned firms
India is ramping up stake sales in state-owned companies to keep the growth engine running amid growing fiscal constraints
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