CNBC Daily Open: Chips ahoy, no Strait answer and earnings on deck
Sharp declines for South Korea’s SK Hynix spook markets in Asia and weigh on futures for Europe and the U.S.
TSMC, the world’s largest contract chipmaker, reports 68% surge in June revenue
Ahead of its second-quarter earnings, TSMC reported its June and first-half revenue for 2026.
Stocks end lower as oil prices surge on renewed Hormuz tensions, SK Hynix leads chip stock sell-off
Stocks fell on Monday after President Donald Trump announced he was reinstating what he called a blockade on Iranian shipping through the Strait of Hormuz.
SK Hynix South Korean shares clock worst day, sinking over 15%, after stellar Nasdaq debut
SK Hynix Inc. shares tumbled over 15% in Seoul on Monday after the chipmaker’s blockbuster Nasdaq debut.
CNBC Daily Open: Mideast tensions on the boil again as U.S., Iran trade strikes
Renewed tensions take center stage in the Middle East, sending oil prices spiking once again as the U.S. and Iran trade strikes.
Oil prices rise as U.S. and Iran fight for control of Strait of Hormuz
The U.S. and Iran disputed whether Hormuz was open to ship traffic after trading strikes over the weekend.
Brent oil jumps more than 9%, biggest daily gain since 2020, after Trump reinstates Iran blockade
The U.S. and Iran disputed whether Hormuz was open to ship traffic after trading strikes over the weekend.
Majority of U.S. workers support an AI wealth fund as tech layoffs surge, survey finds
A majority of U.S. employees now want an AI sovereign wealth fund to hold corporations more accountable, according to a recent survey, as tech layoffs rise.
Typhoon Bavi batters eastern China, threatens days of heavy rain
Bavi had weakened to a tropical storm, but forecasters warned that the system could unleash widespread rain across eastern and northern China.
Goldman Sachs picks its favorite Chinese AI models
The investment bank released its Chinese AI model competitive positioning framework on Friday.
