Treasury yields drop after surprise jobs loss in July
The U.S. unexpectedly lost 23,000 jobs in July, raising fresh concerns about the labor market while dimming the immediate outlook for higher Fed interest rates.
SK Hynix to invest $38 billion building new memory chip plants as demand soars
Memory prices have surged because of short supply and huge demand with investors watching closely for any changes to the supply-demand imbalance.
Volkswagen controlling families call for faster overhaul to fend off Chinese rivals
Volkswagen’s top investor on Friday called on the auto giant to take immediate action to fend off intensifying competition from Chinese car brands.
Wildfire costs are surging — but much of the damage in Europe isn’t insured
Insurers warn that Europe is facing a “protection gap” in wildfire cover as disaster recovery costs outpace insurance coverage.
Hormuz closure clouds China’s crude imports after they hit a 3-month high in July
China’s crude oil imports recorded a smaller decline in July, though the recovery may be short-lived, as the conflict drags on and demand remains soft.
The 72-hour crisis that could upend Meta’s business in India as firm risks losing legal protection
U.S. social media giant Meta is facing increasing pressure from Indian regulators, including demands to revoke the firm’s safe harbor immunity in the country.
The 72-hour crisis that could upend Meta’s business in India as firm risks losing legal protection
U.S. social media giant Meta is facing increasing pressure from Indian regulators, including demands to revoke the firm’s safe harbor immunity in the country.
China’s exports growth beats estimates in July, as AI-driven shipments surge
China’s exports rose more than expected in July, as global demand for high-tech components continues to absorb the country’s manufactured goods.
CNBC Daily Open: Trump’s deal seems to be in dire straits
It is starting to look like the Iran deal with the U.S. is unlikely to be sealed soon, even as the Trump administration had signaled an agreement by Thursday.
Oil prices rise as as market waits on deal to open Strait of Hormuz
News of Iran’s restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.
