China is helping to cushion global oil prices below $100 — but analysts warn it won’t last
China has reduced oil imports since the start of the Iran war, capping global crude prices.
Marvell Technology jumps 10% after news it will join the S&P 500 index
Marvell stock jumped after S&P Global said the AI chipmaker would join the S&P 500 on June 22.
Weight loss drug maker sinks 23% after new safety data spooks investors
While the experimental drug met its key targets, analysts are concerned over the commercial opportunity due to side effects.
Bidding war erupts for world’s oldest bank as Italy’s Intesa gatecrashes BPM offer
Intesa on Monday announced an unsolicited offer of $35.3 billion, hoping to usurp its rival and create Europe’s second-biggest bank by market capitalization.
CNBC Daily Open: The great tech retreat
Silicon Valley’s sell-off gathers speed in Asia, with chip-heavy indices bearing the brunt of the declines, while tensions in Iran send oil prices higher.
Foreign investors have dumped billions of dollars of Korean stocks this year despite record rally. Here’s why
The selling intensified Monday as the benchmark Kospi plunged more than 8% at the open, even as it emerged as one of the world’s standout performers thus far.
SoftBank drops 6% as tech stock sell-off accelerates in Asia
The tech stock sell-off accelerates in Asia. Tech stocks fell in Europe but rebounded later on Monday.
China’s Xi to visit North Korea for first time in seven years as Beijing tests its influence over Kim
North Korea may use the summit as an opportunity to press for economic concessions or Beijing’s “tacit recognition” of its nuclear status, analysts say.
CNBC Daily Open: Washington’s ‘war of choice’ extends past 100-day mark
The war was supposed to end in “four to five weeks” and not morph into an “endless” conflict, but its end date is becoming increasingly blurry.
Hong Kong’s IPO boom is developing a performance problem
As Hong Kong vies with Wall Street to be the top IPO market, a growing number of pre-debut runups turn sour after their listing.
