Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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These Japanese AI winners don’t make chips. They make toilets, glass fiber and seasoning
A toilet maker, a glass fiber manufacturer and the maker of MSG have in Japan have become major beneficiaries of the AI boom.
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Trump plans steep tariffs on generic drugs starting in 2028 to spur U.S. production
The phased schedule is intended to push generic drugmakers to move production onshore.
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CNBC Daily Open: AI race, potential tariffs and Middle East conflict continue to heat up
The U.S.-China AI race continues to intensify amid signs that the Trump administration could sanction China over “theft,” while OpenAI ramps up IPO efforts.
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Sony’s ‘ironic’ PlayStation disc decision upends gamer conventions and threatens a $7 billion resale market
In 2013, Sony tweaked Xbox by showing how easy it was to share a PlayStation disc. Now, gamers say Sony has become exactly what it mocked.
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Nike to cut off thousands of online distributors in China, restructure digital footprint
Nike is streamlining its online business in China as the company looks to stabilize pricing and branding and get back to growth.
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Japan exports and imports grow at fastest pace in June since November 2022, beating estimates
Exports climbed 19.3%, while imports spiked 25.4% compared to June last year.
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Wall Street can wait: Why one U.S. biotech firm is listing in Hong Kong first
Global biotech firms are increasingly being drawn to Hong Kong for its growing investor base and proximity to Chinese pharmaceutical partners.
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Capital One earnings were good enough but didn’t answer the big question hanging over the stock
Investors want to know when Capital One will begin to see more tangible benefits from its Discover and Brex deals.
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The company behind Post-it notes has found an unlikely role in the AI buildout
3M CEO Bill Brown said its optical connectivity technology can cut fiber installation time by up to 85% as hyperscalers build AI data centers.
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Cramer’s lightning round: ‘I prefer KeyCorp to Truist’
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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