Turkey at a crossroads: Will it turn to the East or West?
Turkey celebrates its 100th anniversary in 2023. For centuries, Turkey has straddled two worlds – Europe and the Middle East. In the early 2000s, the country was hailed as a “model democracy” for Muslim-majority countries. However, Turkey was rated as …
European startup funding to drop a further 39% this year as tech rout continues
Funding for Europe’s venture-backed startups is forecast to decline from $83 billion in 2022 to $51 billion in 2023, Atomico said.
Here’s what to buy — and avoid — after the U.S. debt ceiling deal, according to analysts
There are opportunities but also potential minefields to avoid after the debt ceiling is lifted — such as an influx of Treasurys, analysts say.
El Nino is approaching and your next cup of coffee could be at risk
Extreme weather conditions due to El Nino are fueling concerns that robusta coffee beans in major producers like Vietnam and Indonesia could be hit.
Ark Invest’s flagship fund sold Nvidia before its big rally. Here’s why
Ark Innovation ETF exited its position in Nvidia entirely in early January, before the chipmaker’s stock surge to a $1 trillion market capitalization.
Don’t underestimate China’s ability to build its own advanced chips despite U.S. curbs, tech analysts say
Analysts are optimistic that Chinese chip makers will find workarounds despite Washington’s attempts to cut China off from advanced chip tech.
West Coast port labor issues persist from Los Angeles to Seattle, with supply chain frustration mounting
Union labor issues at West Coast ports continued Monday, with fears of wider disruption to logistics and trucking companies during peak shipping season.
Australia stocks fall as central bank hikes again; Asia markets mixed
The Reserve Bank of Australia defied market expectations and raised its cash rate by 25 basis points.
Japan’s yen is weakening again, prompting talk of another intervention worth billions of dollars
The Bank of Japan’s next monetary policy meeting is scheduled to be held on June 15 and 16.
CNBC Daily Open: Apple fails to impress
Apple’s augmented-reality headset promises to make apps three-dimensional. But the tech-heavy Nasdaq Composite was essentially flat in response.
