CNBC Daily Open: Brent crude is back at $100 — and Trump renews tariffs
Houthi strikes on Saudi tankers pushed Brent past $100 and Treasury yields to an 18-month high, while an AI spending jitters punished Tesla and Alphabet.
Amazon cracks down on use of AI images by sellers after New York law
A recently enacted New York law mandates that companies disclose when an ad includes a “synthetic performer” in place of a human actor.
Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite
This is the first rise in core inflation since March, and was in line with the1.6% growth expected by economists polled by Reuters.
Allianz to buy HSBC’s Singapore insurance unit for $2.09 billion
Allianz to acquire Singapore insurance business from HSBC
Intel’s turnaround under CEO Lip-Bu Tan gains steam with another strong quarter
It’s hard not to be impressed by Tan, who, in a little more than a year, has transformed the company.
S&P 500 closes little changed Friday as Iran fears and chip sell-off weigh down market: Live updates
The three major averages are heading for weekly losses, led by the tech-heavy Nasdaq Composite.
Trump imposes ‘sweeping’ new tariffs on 60 trade partners as global duties expire
The Trump administration has ramped its tariff actions back up since the president’s trade agenda suffered major legal setbacks earlier this year.
Intel rides AI boom to fastest revenue growth in almost 15 years, but shares sink
Intel’s revenue jumped 25%, the most robust growth for any period since the third quarter of 2011.
Cerebras stock gains on AMD partnership
Cerebras and AMD agreed to work together, pairing their technology for AI systems.
Congress splits on war powers resolutions to force Trump to abandon Iran war
Trump would be nearly certain to veto any measure to curtail his ability to wage war with Iran.
