CNBC Daily Open: ECB heads for a hike amid Iran energy price pressures
The European Central Bank is expected to make its first interest rate hike in nearly three years amid increasing inflationary pressure due to the Iran war.
Mercedes-Benz joins Europe’s defense push with anti-drone vehicle deal
Mercedes becomes the latest European carmaker to turn to the defense industry in the hope that partnerships can revive the auto industry’s ailing fortunes.
KKR says AI productivity boom to keep on going — but warns of ‘extreme’ trend not seen since the 19th century
KKR said in its mid-year outlook Thursday that AI will drive economic growth for years to come, but only in specific sectors.
Investors brace for a ‘long grind’ as Iran war escalation dims hopes of an early end to hostilities
As U.S. and Iranian forces continue exchanging strikes, investors are increasingly grappling with the possibility that the conflict could become more prolonged.
OpenAI mulls slashing prices as it competes with Anthropic for users: WSJ
OpenAI is reportedly mulling drastic price cuts to its AI models, as it looks to woo consumers from rival AI company Anthropic, the WSJ reported on Wednesday.
CNBC Daily Open: Trump expresses ‘love’ for inflation print and anger at Iran
U.S. inflation reached a three-year high of 4.2%, with Trump arguing that ending the war will resolve both the conflict and rising prices.
Inside India newsletter: Hollywood is debating AI. India’s filmmakers are embracing it
Even as Hollywood remains the world’s most influential storyteller, experiments in AI filmmaking are increasingly happening in India.
Crude oil jumps back above $90 as Trump says U.S. will take Iran’s Kharg Island
Oil prices edged lower on Thursday after Kuwait closed its airspace and Israel warned of launches from Lebanon.
A new corporate migration is taking shape in Southeast Asia
Lower costs, tax incentives and access to a larger market have seen a raft of companies shift operations to Malaysia from Singapore.
Dow surges 900 points after Trump says U.S. will soon sign deal with Iran, oil falls
U.S. equities gained on Thursday after President Donald Trump said the U.S. is going to soon sign a deal with Iran.
