World’s biggest chipmaker TSMC’s sales surge 45% amid buoyant AI demand
TSMC makes chips for Big Tech customers like Nvidia and Google, so the firm’s financial figures are closely watched as a sign of AI semiconductor demand.
10-year Treasury yield rises as oil prices gain ahead of key inflation data this week
Oil prices climbed and investors looked ahead to a busy week of economic data, with particular focus on a key inflation reading.
CNBC Daily Open: Record heatwaves hit Europe’s already expensive summer
German inflation figures and U.K. GDP will show just how deeply months of elevated energy costs have seeped into prices, and how much growth has taken a hit.
Trump says oil supermajors are making too much money. What will they do with it?
The windfall is fueling fresh political and environmental backlash, with Trump accusing Exxon Mobil and Chevron of making “too much money.”
Trump signals shift to economic pressure as Iran hardens stance over Strait of Hormuz
The escalating tally underscores how far the two sides remain from resolving a crisis that has choked the Strait of Hormuz for more than five months.
U.S. oil rises back above $82 as doubt grows Washington and Tehran will reach Hormuz deal
Oil rose as traders assess mixed signals from the U.S. and Iran amid worries that a deal to open the Strait of Hormuz may not come anytime soon.
CNBC Daily Open: Washington and Tehran both play it cool — but markets can’t
September rate-hike chances have fallen, but a hot inflation print or renewed disruption in the Strait of Hormuz could put them back in play.
S&P 500 futures slip as traders watch for Strait of Hormuz deal, inflation data: Live updates
The three major indexes are coming off their best weeks since April, and the S&P 500 finished Friday at an all-time closing high.
S&P 500 closes little changed as oil rises on Iran uncertainty, Intel leads chips lower
The market’s moves come amid growing doubts that the U.S. and Iran will come to a lasting resolution to the conflict in the near term.
Netanyahu says Trump’s new Gaza plan is unacceptable
Netanyahu is caught between far-right ministers angered by concessions in Gaza and Trump, who wants progress toward ending the conflict.
