An inside look at SK Hynix $720 billion AI-fueled buildout that’s taking over South Korea
SK Hynix, the leading maker of high-bandwidth memory, is pouring $720 billion into memory factories to meet AI demand. We got an exclusive first look.
Shipping giants warn ports and trucks could hold up deliveries and push up prices
Global shipping demand remains strong despite geopolitical turmoil, but port and trucking bottlenecks are increasing congestion and putting upward pressure on freight rates.
In pictures: Europe’s best solar eclipse since 1999
A total solar eclipse crossed Iceland and Spain on Aug. 12, while much of Europe saw a partial eclipse and businesses benefited from demand.
Ukraine attacks Russian grain export terminals in Black Sea, prompting warning about food markets
Ukraine has launched a heavy drone assault on warships and major Russian grain export terminals in the Black Sea port city of Novorossiysk.
CNBC Daily Open: Middle East tensions send oil higher while Iran-U.S. tensions escalate
Concerns over supply disruptions pushed oil prices higher, amid news of recent deadly attacks on vessels in the Gulf of Oman and the Red Sea, and as a spill near Oman worsens.
South Korea’s Kospi has staged a stunning comeback. How long will the bull market last?
South Korea’s Kospi has staged a reversal from its latest rout, returning to bull-market territory as investors piled back into the semiconductor giants that dominate the index.
This Chinese firm has topped Micron and Kioxia in shipments of crucial NAND memory chips
Counterpoint Research looked at the NAND segment of memory chips, which is benefitting along with the larger DRAM segment from artificial intelligence demand.
‘Hormuz remains blocked’: Iran disputes Trump claims as traffic sinks to near 3-month lows
The Persian Strait Gulf Authority said “the Strait of Hormuz remains blocked and will not be reopened until Iran’s conditions are accepted.”
Oil rises on worries over supply disruptions as spill near Oman worsens
News of recent deadly attacks on vessels in the Gulf of Oman and the Red Sea drove oil higher. An oil spill near Oman continued to worsen.
CNBC Daily Open: Markets look past soaring U.S. budget deficit
Signs of potential interest rate hikes remain in focus after the U.S. budget deficit surged to its highest monthly level in more than five years.
