Microsoft’s hiring of staff from AI startup Inflection referred for UK merger probe
Microsoft’s hiring of employees from artificial intelligence startup Inflection has been referred for an initial merger investigation in the U.K.
Bank of America shares jump 5% after saying net interest income rebound is coming
Bank of America disclosed new guidance that net interest income, a key metric for banks, will rise to about $14.5 billion in the fourth quarter of this year.
‘God help Ukraine’: How JD Vance’s VP nomination will cause chills in Kyiv
Republican presidential nominee Donald Trump’s decision to pick Sen. JD Vance as his vice presidential running mate will have sent chills down spines in Kyiv.
Gareth Southgate steps down as England manager after Euro 2024 final defeat to Spain
The news comes two days after England’s Euro 2024 final defeat to Spain.
Deutsche Bank criticized by German regulator for financial reporting error
Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement, German regulator BaFin said Tuesday.
Hugo Boss shares plunge 9% as firm cuts 2024 guidance amid slumping China demand
Shares of Hugo Boss fell as much as 10% in morning trade Tuesday after the company cut its sales outlook.
Ocado upgrades technology arm, sending shares soaring
Britain’s Ocado lifted its annual guidance on Tuesday, citing an improvement in the profitability of its warehouse technology business.
CNBC Daily Open: Trump attends RNC, Dow record close, bitcoin ‘digital gold
The Dow Jones Industrial Average closed at an all-time high after former President Donald Trump survived an assassination attempt.
European markets lower as investors digest Powell’s comments on cutting rates; Ocado up 10%
European stocks were lower Tuesday as investors assess the economic and political outlook in the region and beyond.
The next front in U.S.-China tech battle? Underwater cables that power the global internet
With tech tensions between the U.S. and China rising, vast networks of underwater cables are becoming a new source of strain in international relations.
