Swiss central bank readies for FX intervention if safe haven franc strengthens
The SNB left interest rates unchanged, as it highlighted the risk of renewed upward pressure on the Swiss franc amid ongoing uncertainty.
2-year Treasury yield keeps going higher after spiking on hawkish start to Warsh’s Fed
The yield on the 2-year U.S. Treasury note — most sensitive to changes in fed funds expectations — rose almost another three basis points.
‘No poaching’ our people, China’s AI behemoth DeepSeek reportedly tells investors
The unusual precondition underscores how the contest among Chinese tech giants to build advanced AI has tipped into open competition for engineers.
Intel gains 10% after Trump says company will partner with Apple on U.S. chip design
The boost continues Intel’s recent rally as the chipmaker bounces back from years of headwinds.
Trump-Modi bromance back on display in meeting on sidelines of G7
U.S. President Donald Trump pledged to defend India, but only if Narendra Modi is the leader.
SpaceX stock sinks for a second day as company slips below Amazon in market cap
Investor bullishness showed signs of waning on Wednesday, as shares sank 5%.
Strait of Hormuz reopening may take weeks to ease shipping backlog and oil pressure
The Strait of Hormuz is set to reopen after Iran and the U.S. sign a peace deal, but experts warn backlogs and security checks could delay normal shipping.
China to return as major oil buyer in August, JPMorgan says, naming its top stock picks
The pullback in oil imports by the world’s largest oil importer has helped absorb the global energy shock and cap the surge in oil prices since the war began.
CNBC Daily Open: Losing the dot plot
Kevin Warsh made a splash at his debut meeting as Federal Reserve chairman, as a more hawkish stance spooks both stocks and bond markets.
Why Wall Street banks and foreign borrowers are rushing to tap China’s cheap money
Foreign governments, Wall Street banks and multinational companies are flocking to China’s panda bond market.
