Z.ai shares surge 8% after releasing new AI model running only on Chinese chips
The Chinese AI company said it had already launched the model globally in stealth mode for a week.
China industrial profits growth cools to slowest in seven months as economic slowdown deepens
China’s industrial profits growth in July slowed to its weakest pace this year, as soft demand and a broader slowdown in the economy weighed on manufacturers.
Bank of Korea delivers back-to-back rate hikes as core inflation stays elevated
The Bank of Korea hiked rates by 25 basis points to 3%, its highest since January 2025 and in line with expectations.
CNBC Daily Open: Nvidia is selling more shovels than ever in the AI gold rush
Nvidia reported results that beat expectations, but it also expects revenue to grow another 70% in fiscal 2028.
Inside India newsletter: U.S., Russia vie for a bigger slice of the world’s third-largest energy market
U.S. and Russia are competing to assert dominance in the world’s third largest energy market.
Hundreds missing after flood hits Nepal-Tibet border, 157 bodies recovered
A glacier-rock collapse triggered catastrophic Nepal–Tibet border floods, killing at least 157 people and leaving hundreds of tourists missing.
S&P 500, Nasdaq Composite close higher Thursday as Nvidia rallies on revenue guidance: Live updates
Global investors are reacting to the earnings report from Nvidia, which surpassed analyst forecasts.
The toy industry’s latest craze is cheap, colorful and very squishy
Squishy toys are booming, with social media and low prices helping fuel the craze.
U.S. still watching allies for alignment of interests even amid defense pullback, analyst says
The U.S. may be asking allies to step up their own defense, but it still wants them to align on geopolitical interests.
Nvidia’s 70% sales growth projection for 2028 wows analysts on earnings call
The growth forecast is likely to reinvigorate narratives around the so-called AI supercycle.
