Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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How a Chinese AI model stopped OpenAI’s ‘unprecedented’ cyber attack
The origin of the model Hugging Face used to combat the rogue AI is turning heads.
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Wells Fargo says ditch this pest control stock as demand continues to soften
The investment bank downgraded shares to underweight from equal weight.
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Oil prices ease but are set for 10% weekly gain as Trump mulls ‘bigger than ever’ attack on Iran
Oil prices dropped by around 4% on Friday, but remained on track for a weekly jump of 10% as the U.S.-Iran war continued to escalate.
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Russian attack cuts power to around 150,000 in Ukraine’s north as Kyiv hits missile, oil facilities
The update comes as Ukrainian President Volodymyr Zelenskyy welcomed strikes on a key missile components facility in the Russian city of Kirov.
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Treasury yields retreat, 10-year hovers around January 2025 highs
The yield on the 10-year U.S. Treasury note — the key benchmark for mortgage and auto loans and credit card debt — was last seen down one basis point at 4.693%.
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Trump considering a ‘massive attack’ on Iran as Tehran labels UK ‘accomplice’ to America
The president told Axios he was considering an operation “bigger than ever before.”
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South Korea’s president invokes dramatic Japan realty crash to push domestic property agenda
Lee was highlighting the country’s excessive investment in real estate, and highlighted that Japan’s housing market “burst like a balloon.”
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Pentagon lowers official Iran war death toll, omitting four killed this month
The Pentagon lowered its official Iran war death toll to 14 from 18, removing four service members killed this month.
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Volkswagen profits slump as it flags full-year revenue squeeze ahead of restructuring
German auto giant Volkswagen on Friday reported weaker-than-expected second-quarter profit and revised down its sales forecast for 2026.
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