Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Apple just hit an all-time high. KeyBanc says investors should sell the tech giant
Apple is likely to contend with slowing sales and weakening services revenue as it increases the prices of its smart devices, including iPhones, per KeyBanc.
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Retail-trader ‘bottleneck bros’ eyeing AI supply chain can’t wait for SK Hynix options
For many of those retail tech traders, SK Hynix’s memory business reminds them of Micron – the paragon of the supply-chain bottleneck thesis.
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Global shipping industry sounds the alarm over Trump’s Hormuz toll plan
For shipping giant Hapag-Lloyd, it is “fundamentally wrong” to charge tolls for passage through international waters, regardless of the country in charge.
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Bank earnings live updates: JPMorgan, BofA, Goldman, Citi and Wells Fargo are set to report
The five banks releasing earnings Tuesday morning are expected to report strong revenue from trading equities and fixed income.
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Business declares war on Pentagon stock buyback, dividend restrictions moving in Senate
The provision was pushed by Sen. Elizabeth Warren, D-Mass., and was included in the National Defense Authorization Act on a bipartisan basis.
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A French underwear brand is taking on fast fashion — with an IPO
Le Slip Français will make its stock market debut in Paris on Tuesday, betting that consumers will pay for locally made clothing amid competition from Shein.
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Treasury yields rise as Fed rate hike expectations grow ahead of June inflation print
Treasury yields increased Tuesday as expectations for more Federal Reserve interest rate hikes grow.
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Is Hormuz open? Trump’s toll threat intensifies rush to bypass the Strait altogether
Gulf producers are increasingly relying on alternative routes to keep crude moving as shipping disruptions expose the risks of depending on the Strait of Hormuz.
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CNBC Daily Open: The Hormuz blockade is back and Trump is tolling
Oil markets reel as President Trump revives his naval blockade in the Strait of Hormuz and demands a 20% toll charge.
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Taiwan’s second-largest chipmaker starts mass production in Singapore; Citi sees improving outlook
Taiwan’s UMC has kicked off mass production of silicon photonics wafers at its Singapore facility amid positive Citi forecast.
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