10-year Treasury slides, hitting fresh September low
The 10-year U.S. Treasury yield slid on Wednesday as investors assessed the state of the economy after the latest labor market data.
CNBC Daily Open: Buzz words of the day — tech, AI, crypto
December isn’t shaping up to be as slow as it ordinarily is. Apple remains on top and Elon Musk is now raising fresh capital for his AI startup.
U.S. ‘losing a tremendous amount of credibility in the Arab world,’ ex-Egyptian minister says
President Joe Biden has stressed that the United States believes the conflict between Israel and Hamas must end with a vision of a “two-state solution.”
‘It’s game on’: The world’s largest iceberg is on the move. Scientists explain why it matters
Scientists say the juggernaut’s breakaway from Antarctica is a stark reminder of the potentially disastrous implications as global sea levels rise.
‘A very tricky conundrum’: Experts give their verdict on saving vs. investing as inflation falls
Experts weigh in on saving, investing and risk-taking as inflation falls and interest rates remain high.
There’s a water crisis looming. Big Tech and AI could make it worse
Tech giants deeply involved with AI research have reported a massive jump in their water consumption. Researchers say that AI is partly to blame, as these companies use millions of liters of water to keep temperatures in check at their data centers.
Nvidia to develop new chips that comply with U.S. export regulations
Nvidia will continue to develop a new set of products that comply with U.S. government regulations involving exports of high-end chips to China.
China’s young people shop for bargains in mall basements: ‘The first floor is too expensive,’ 26-year-old says
Chinese youngsters are increasingly shopping and dining at the basement units of malls, a trend labeled as the “B1B2 economy” on the social media.
Blackpink renews group contracts with agency, YG shares spike 29%
The terms of the new deal were not immediately clear and the announcement did not specify whether the members renewed their contracts on an individual basis.
Dow, S&P 500 slide for a third straight day as recent rally falters: Live updates
U.S. stocks dropped on Wednesday as investors assessed economic data indicating inflation is falling.
