China’s southern cities call for power saving as grid stress increases
Southern China has seen power loads in several cities approaching historic highs due to soaring demand for air-conditioning.
Denver Nuggets take home 1st NBA title in rugged 94-89 win over Miami Heat
Nikola Jokic guided Denver to its first NBA title in team history, as the Nuggets overcame dreadful shooting and a late flurry from Miami’s Jimmy Butler.
SoftBank prepares new round of layoffs at Vision Fund, Reuters reports
If finalized, this would follow the elimination of about 150 jobs globally at the investing arm and SoftBank Group International in September.
China cuts key policy rate as post-Covid recovery fizzles; yuan hits 6-month low
The People’s Bank of China cut its 7-day reverse repo rate for the first time since August.
Biden Acting Labor Secretary Julie Su engaged in tense West Coast port contract negotiations
Biden Acting Labor Secretary Julie Su was the top labor official in California. Now she’s attempting to help broker a deal to avert a West Coast port crisis.
The scarcity of water is emerging as a global economic threat. With China and India looking the most at risk
Global fresh water demand is expected to outstrip supply by 40% to 50% by 2030
Chocolate is set to get more expensive as cocoa prices soar to seven-year highs
Chocolate lovers are up for a bitter disclosure: prices of their favorite snack are about to rise further on the back of elevated cocoa prices.
Nervous about high rates? Analysts like these cash-rich stocks, giving one nearly 80% upside
CNBC Pro screened for cash-rich stocks as investors deal with the prospect of interest rates staying higher for longer.
Morgan Stanley loves these 5 global A.I. chip stocks that could take Nvidia’s market share
Morgan Stanley is “overweight” on all five of the semiconductor stocks, and increased their price targets in a June 11 note.
Big banks are talking up generative A.I. — but the risks mean they’re not diving in headfirst
Major banks and fintech companies claim to be piling into generative artificial intelligence, but there are lingering fears about potential pitfalls and risks.
