AI’s costly build-out complicates the Fed’s inflation fight
Tech leaders say AI will drive down costs. But slow corporate adoption and the data center build-out create inflation pressures that complicate the Fed’s job.
India’s inflation accelerates to 4.45% in July, raising hopes of a rate hike later this year
India’s inflation rises for the ninth month in a row, raising the odds in favor of a rate hike later this year.
Lilly sues six companies over alleged illegal sales of experimental obesity drug retatrutide
The lawsuits target a range of businesses that allegedly marketed retatrutide products to consumers despite the drug remaining under clinical development.
China’s answer to Boeing and Airbus makes first international flight — could COMAC challenge the aviation duopoly?
China’s C919 has made its first scheduled international commercial flight, a milestone in COMAC’s bid to challenge Boeing and Airbus globally.
New York City Council announces probe into prediction market platforms’ marketing strategies
In letters to four prediction market platforms, City Council Speaker Julie Menin said the council was also actively considering legislation to address concerns.
Chinese tech giant Tencent sees spending surge, defends potential ‘superior’ AI returns
Tencent stock was down 26% so far in 2026 as the company faces intense competition in China in AI and investors grow jittery about its rising spending.
Treasury yields ease after inline July consumer inflation data
The yield on the 10-year U.S. Treasury note — the key benchmark for mortgages, auto loans and credit card debt — was slightly lower.
World’s largest sovereign wealth fund posts record $184 billion profit as it reveals SpaceX stake for the first time
The fund — currently valued at around $2.34 trillion — is an investor in more than 7,000 companies across 60 countries.
Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says
The IEA expects oil demand to fall by 1.6 million barrels a day in 2026 as high fuel prices and Strait of Hormuz disruptions weigh on consumption.
CNBC Daily Open: Chips, ships and a sliding yen
After having sold Wall Street on the chips powering the artificial intelligence boom, Nvidia wants Wall Street to help bankroll the buildout itself.
