Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Trump’s new global tariff draws rebukes from trade partners over forced-labor justification
U.S. trading partners have rejected the forced-labor rationale behind Trump’s new global tariffs, while most signaled plans to keep negotiating.
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U.S., other nations back open-source AI with ‘strong security’ at China summit
The APEC statement is the first to include open-source cooperation at a minister level, said Li Lecheng, China’s industry and information technology minister.
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U.S. to see higher generic drug prices thanks to tariffs, CEO of leading India pharma firm warns
CEO of Indian pharma company Dr Reddy’s has warned that Trump’s proposed tariffs on generic drugs will make them more expensive for patients.
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China’s largest memory chipmaker sparks fears of a cash drain as it readies for public debut
CXMT is stoking fears that its blockbuster stock market debut could pull cash from China’s equities.
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CNBC Daily Open: Brent crude is back at $100 — and Trump renews tariffs
Houthi strikes on Saudi tankers pushed Brent past $100 and Treasury yields to an 18-month high, while an AI spending jitters punished Tesla and Alphabet.
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Amazon cracks down on use of AI images by sellers after New York law
A recently enacted New York law mandates that companies disclose when an ad includes a “synthetic performer” in place of a human actor.
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Allianz to buy HSBC’s Singapore insurance unit for $2.09 billion
Allianz to acquire Singapore insurance business from HSBC
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Intel’s turnaround under CEO Lip-Bu Tan gains steam with another strong quarter
It’s hard not to be impressed by Tan, who, in a little more than a year, has transformed the company.
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Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite
This is the first rise in core inflation since March, and was in line with the1.6% growth expected by economists polled by Reuters.
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S&P 500 futures are little changed as traders look to recover from oil-driven sell-off: Live updates
The three major averages are heading for weekly losses, led by the tech-heavy Nasdaq Composite.
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