Markets ‘completely wrong’ on Iran war, oil could hit $200 a barrel: Economist
John Sfakianakis from Gulf Research Center says the markets are “completely wrong” in pricing out the Iran war, as military buildup and failed negotiations point towards further escalation. He also says the oil markets are currently in a “new paradigm”…
CNBC Daily Open: Trump says Iran can ‘be taken out in one night’
Sharpening rhetoric erodes confidence of a breakthrough between Iran and the White House ahead of an 8 p.m. ET deadline.
SpaceX lays out IPO details, targets early June roadshow: Reuters
The Elon Musk-led company plans to launch its roadshow the week of June 8, when executives and bankers will pitch the IPO to investors, sources said.
Brazil puts China’s BYD on list of shame for workers’ past slavery-like conditions
Brazil has blacklisted China’s BYD, after a 2024 scandal in which Chinese workers were said to have been victims of human trafficking and abusive contracts.
Air India CEO Campbell Wilson resigns amid losses and regulatory scrutiny, source says
Air India CEO Campbell Wilson has resigned, a source said Tuesday, as the airline grapples with losses and heightened scrutiny after a deadly crash last year.
Vietnam’s top leader To Lam consolidates power, gets China-style mandate
Vietnam’s lawmakers unanimously elected Communist Party Secretary General To Lam as the country’s state president, a parliament official said Tuesday.
Samsung shares rise after profit seen jumping 8-fold on AI chip boom
Samsung Electronics forecast record first-quarter operating profit that came in far above analyst estimates on booming demand for AI memory chips.
CNBC Daily Open: Markets hold breath as Trump’s Iran deadline nears
Oil prices rose again as President Donald Trump stepped up his threats against Iran if Tehran does not come to a deal on the Strait of Hormuz.
Asia-Pacific markets trade mixed as investors assess Trump’s hardened rhetoric on Iran war
Trump renewed threats on targeting Iran’s civilian infrastructure if a peace deal is not reached in less than 24 hours, while signaling Iranian leadership is negotiating in earnest.
CNBC’s The China Connection newsletter: Why AI isn’t replacing jobs in China (yet)
Rapid adoption of artificial intelligence has many in Silicon Valley reeling from news of layoffs. Engineers in China appear to be more insulated.
