Tag: markets
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Bitcoin’s brutal sell-off sparks a flurry of trading in related stocks, including one big bullish bet
The year has been a rocky one for the flagship cryptocurrency, but traders aren’t backing away from the space.
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Gold could slump another 20% by September, says Citi — here’s why
Since the outbreak of the U.S.-Iran war on Feb. 28, gold’s reputation as a “safe haven” asset in times of turmoil has come under pressure.
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Electric vehicle giant BYD predicts 80% of China car sales will soon be electric
BYD expects China’s competitive electric vehicle market to continue growing, even as manufacturers and analysts anticipate domestic demand to taper further.
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CNBC Daily Open: Hat trick of tech IPOs complete with OpenAI filing
OpenAI confidentially files for IPO, adding to a blockbuster tech line-up as the AI giant joins Anthropic and SpaceX in going to market.
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Iraq and UAE race to establish alternative oil pipelines as exports through Hormuz dry up
Last week, the Iraqi cabinet approved plans to accelerate crude exports through the Kurdistan-Turkey pipeline network.
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BlackRock says ‘mega forces’ are changing investing. Here’s what they say to do
Investors may need to rethink the most basic principles of portfolio management as AI changes the rules, according to BlackRock.
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CNBC Daily Open: Tim Cook’s last WWDC, tech IPOs and Middle East tensions
Tensions in the Middle East still continue to simmer as Israeli Prime Minister Benjamin Netanyahu warned the war “has not yet ended”
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Asia chip-linked shares recover after U.S. peers bounce back
In the U.S., chip stocks powered gains on Monday, helping the S&P 500 gain 0.3%, while the tech-heavy Nasdaq Composite advanced 0.86%.
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Pentagon expands list of China military-linked firms to include Alibaba, Baidu in fresh blow to diplomatic thaw
The Pentagon briefly posted a similar expanded list in February, then withdrew it without explanation before Trump’s China trip.
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Jim Cramer says sovereign AI is Nvidia’s powerful new growth driver
CNBC’s Jim Cramer said Nvidia’s growing sovereign AI business could help reduce the company’s dependence on hyperscalers.
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