CNBC’s The China Connection newsletter: China ships more humanoid robots than the U.S. as investors diverge on AI bets
Chinese startups are churning out more humanoid robots than their U.S. rivals, despite far lower valuations.
Tim Cook reactions: Trump, Altman, Buffett and more on the Apple CEO move
Apple CEO Tim Cook’s move to executive chair spurred commentary from tech leaders Sam Altman and Palmer Luckey, as well as Warren Buffett.
Stock futures inch higher after Nasdaq snaps 13-day win streak: Live updates
The Nasdaq Composite snapped a 13-day win streak on Monday, its longest positive run since 1992.
Apple taps John Ternus as CEO to replace Tim Cook, who will become chairman
Apple said on Monday that John Ternus is succeeding Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1.
Amazon to invest up to another $25 billion in Anthropic as part of AI infrastructure deal
Amazon is boosting its investment in Anthropic, which is committing to spending over $100 billion on Amazon cloud services over the next decade.
Tariff refunds begin on Monday. These retailers are due big paydays
U.S. importers, such as Walmart and Target, could be in line for billions in tariff refunds as the government launches its claims-filing portal on Monday.
Chair nominee Kevin Warsh says Fed must ‘stay in its lane’ to maintain independence
Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market.
Strait of Hormuz ship traffic briefly rose and then slowed after weekend attacks
Commercial ships remain cautious about transiting the strait as tensions escalate between the U.S. and Iran again.
Howard Marks says there are very few cheap stocks: ‘Bargains come when people panic’
“For the most part, this is not a market that’s on sale,” Marks said Monday.
French prosecutors await Musk in X probe, unclear if he will comply
While attendance at Monday’s hearing is mandatory, the authorities at this stage cannot compel Musk, the world’s richest man, to appear.
