Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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What is Pickaxe Mountain, the Iranian nuclear facility Trump is threatening to strike?
“We’ll be hitting that area pretty soon, and very heavily,” President Donald Trump said about Iran’s underground nuclear facility in Pickaxe Mountain.
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Morgan Stanley lists three reasons for the booming credit growth in Asia
Bank credit still remains the most significant source of macro funding by far in Asia.
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Zelenskyy ousts Ukraine’s army chief as protests expose wartime power struggle
The reshuffle comes after almost a week of nationwide unrest and represents one of the biggest political crises since Russia’s full-scale invasion in 2022.
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CNBC Daily Open: Generic problems, AI valuations and earnings on tap
President Trump takes fresh aim at the pharmaceutical sector, with a plan to levy 100% tariffs on generic drugs as he targets key areas ahead of the midterms.
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Great British sell-off? UK takeovers accelerate in a big way
Last week, three British companies accepted takeover bids on the same day. It’s a growing trend, but can the U.K. really afford to let such companies go?
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Defense shares rally after UK government shake-up — analysts name the stocks to watch
John Healey, who recently resigned as defense secretary over concerns about lack of security funding, was named U.K. finance minister on Monday.
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Trump’s push for American-made AI chips hits TSMC’s margins
The Taiwan-based chipmaker has announced $200 billion in investment into U.S. manufacturing since Trump returned to power in 2025.
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India steps up energy shift as costs and tariff pressures mount — oil blending push sparks backlash
India is banking on alternative fuels as it prioritizes energy security amid high oil prices and supply constraints.
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Tehran’s Hormuz threat risks global fallout, Rubio warns as U.S. strikes Iran for 11th straight night
His comments come as U.S. Central Command hit Iranian targets for an 11th straight night.
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Wistron shares surge in Taiwan after opening of Texas AI superchip plant to supply Nvidia
Taiwan’s Wistron Corporation opens first U.S. facility in Fort Worth, Texas.
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