Meta reportedly begins dismantling $2 billion Manus deal on Beijing’s orders
Meta has reportedly begun dismantling its acquisition of Manus, moving to comply with Beijing’s unprecedented order to hand back the Chinese-founded AI startup.
UK economy shrank 0.1% in April as Iran conflict weighed on growth
U.K. GDP fell 0.1% in April as services activity declined and companies cited pressure from the Middle East conflict.
ChatGPT hits a billion monthly app users despite souring public AI sentiment
ChatGPT reached a billion monthly users in May despite growing unease over its ethical and environmental impacts.
CNBC Daily Open: The buyers are back ahead of SpaceX IPO
SpaceX will start trading on the Nasdaq today after raising $75 billion in its record-breaking IPO, as Wall Street’s rally resumes on Iran peace hopes.
BTS-mania poised to boost South Korea’s economy well into the future
BTS-mania, with all the fan spending and travel, is poised to boost South Korea’s economy well into the future
CNBC Daily Open: Markets score big as Iran war nears final whistle and SpaceX takes the field
Investors cannot take their eyes off another story playing out: the possibility that the Iran war might finally come to an end.
A Chinese start-up’s unfolding dilemma exposes cracks in Beijing’s tech funding machine
While the U.S. channels support to tech winners indirectly via incentives, Chinese governments at every level take direct equity stakes.
Oil prices fall on hopes of U.S.-Iran deal despite Tehran pushback
Oil prices fell on Friday after U.S. President Donald Trump said Washington had reached a framework agreement with Iran, raising hopes that tensions in the Middle East could ease.
Stocks end higher as SpaceX soars in debut, U.S.-Iran deal nears
Stocks rose on Friday as SpaceX’s opening pop bolstered sentiment, with investors hoping for the arrival of a potential peace deal between the U.S. and Iran.
Friday’s big stock stories: What’s likely to move the market in the next trading session
Oil prices fell and the Dow Industrials soared more than 900 points Thursday after President Trump said the U.S. will soon sign a deal with Iran.
