Treasury yields rise as traders sharpen focus on rates
Treasury yields rose on Thursday, as traders weighed the prospect of interest rate rises.
CNBC Daily Open: A super Thursday of earnings and hopes for Iran detente
Investors in Europe are assessing a stacked earnings docket, U.S.-Iran deal inching forward, and a Fed warming to a rate hike.
Nintendo’s fiscal first-quarter profit and revenue beat estimates, despite Switch 2 sales slump
Nintendo reported fiscal first-quarter earnings Thursday.
Rheinmetall stock volatile after trimming guidance as Germany’s F126 warship cancellation hits sales outlook
The company’s sales grew 39% and profits grew 74% in the first half of the year.
SoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseat
SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations.
Google is expanding its AI empire — and losing the people who built it
Google’s cloud boom is testing the company’s commitment to frontier AI as commercial returns take priority.
Beijing flips the script on the U.S. tech war — and tests the truce weeks before Xi’s visit
China unleashed its broadest package of trade countermeasures since last October’s trade truce, pushing back against a string of recent U.S. restrictions.
Asian tech stocks drop with SK Hynix plunging 10% after Wall Street AI names fall
Despite heightened volatility analysts remain optimistic over the outlook of the tech sector, with J.P. Morgan saying the tech sell-off had not derailed the AI investment cycle.
Bain Capital to acquire bubble tea chain Gong cha as rival MBK grapples with regulatory pressure at home
Bain Capital announced it will acquire Gong cha as MBK faces regulatory pressure in South Korea.
Asia tech sell-off has not derailed AI investment cycle, J.P. Morgan says
The recent 25%-30% correction in Asian tech stocks and the Philadelphia Semiconductor Index marks the third major drawdown since the upcycle began in late-2022.
