Tag: breaking news
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CNBC Daily Open: Another weekend escalation in Iran, another market shrug
Tensions in the Middle East flared again over the weekend, but markets appeared largely unfazed, with investors instead turning to a tech recovery rally.
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Oil rises as renewed U.S.-Iran strikes reignite Middle East supply fears
Oil edged higher on Monday after renewed military strikes between the U.S. and Iran reignited concerns over crude supplies from the Middle East.
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Oracle stock has worst week since 2001 dot-com bust as AI financing concerns escalate
Oracle’s surging spending, negative free cash flow and $130 billion debt pile are weighing on the stock.
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Minneapolis Fed President Neel Kashkari says he expects a rate hike this year
Kashkari said he sees a hike likely this year as the economy continues to feel the hit from spiking inflation.
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Warsh reaches within the Fed for latest advisory appointments
Warsh has added two more key advisors as he seeks to remake how the central bank approaches the economy and monetary policy.
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SoftBank sinks 11% as Asia tech rout tracks declines in the U.S.
SoftBank Group plunged, leading a broad selloff in Asian technology stocks amid mounting concerns over the rising cost of artificial intelligence infrastructure.
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Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
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Apple raises prices on MacBook and iPad due to memory crunch, hints at more to come
Tim Cook said last week that Apple would hike prices due to surging memory and storage costs.
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Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
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SK Hynix surges 11% after filing for blockbuster Nasdaq listing
Shares of South Korean chip giant SK Hynix surged 11% on Thursday after the company said it is seeking to raise as much as $29.4 billion.
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